Athena Energy Lands Major Investment to Expand Gulf Coast Operations
Athena Energy Partners has secured a major investment from private equity firm Lime Rock. The deal, finalised on 15 January, will support Athena's expansion across the Gulf Coast. Both companies have highlighted the partnership's potential for growth in the oil and gas sector.
Athena Energy Partners focuses on acquiring and developing oil and gas assets, particularly in the Eagle Ford Shale region. The company has kept a relatively low public profile, with limited documentation of its operations or leadership in industry reports.
Lime Rock, a private equity investor with USD 7.1 billion raised for upstream energy projects, provided the equity commitment. The firm specialises in growth capital for exploration and production companies. Legal advice for the transaction came from Latham & Watkins. Greg Highberger, a managing director at Lime Rock, stated that the partnership aligns with Athena's strategy to build a stronger presence in the Eagle Ford. Athena's CEO, Stephen Goldfarb, added that the deal strengthens the company's ability to pursue market opportunities. The investment aims to expand Athena's portfolio while targeting risk-adjusted returns in the region.
The funding will allow Athena Energy to grow its Gulf Coast operations, particularly in the Eagle Ford Shale. With Lime Rock's backing, the company plans to capitalise on new oil and gas ventures. The deal marks a step forward in Athena's development as an upstream energy player.
