Portfolio companies operate worldwide on six continents
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- 9Ren Group
9Ren Group (formerly "Gamesa Solar")
9Ren Group (“9Ren”) is a European company focused on the development, construction and operation of solar photovoltaic plants. The company operates a number of facilities in Italy and Spain, selling the electricity produced by its solar plants under Feed-in-Tariff regimes. It also provides turn-key EPC solutions and operations & maintenance services, to both internal and third party customers, as well as solar PV retail offering for small and medium enterprises and residential customers under the 9Ren People brand.
- Abengoa
Abengoa
Abengoa is a global energy infrastructure business providing engineering and construction, operation and production services in the energy and environmental sectors. The company carries out turn key projects for both renewable and conventional power generation, as well as operating generation and infrastructure assets. Abengoa operates in Europe, the U.S., Latin America, Africa and Asia.
- Acteon Group Ltd.
Acteon Group Ltd.
Acteon Group Ltd., a provider of specialized offshore and subsea engineering, services and equipment aimed at “linking seabed to surface” over the life of an offshore project. First Reserve purchased 52% of the common equity of Acteon Group Ltd in November 2006 and during its investment period, Acteon expanded its geographic footprint and service offerings, grew its employees from 650 to 1900 and quadrupled its operating profit. This growth was made possible through a combination of organic and acquisitive growth, approximately half of which came through eight completed acquisitions. At the time of First’s Reserve’s exit in November 2012 in a sale to a private equity firm, Acteon, headquartered in the UK, had a global presence across virtually all key offshore oil & gas producing basins, including the North Sea, Brazil, West Africa, Southeast Asia and the Gulf of Mexico.
- AFGlobal Corporation
- Alpha Natural Resources
Alpha Natural Resources
Alpha Natural Resources, a Central Appalachian coal producer with significant operations in Northern Appalachia. First Reserve invested in Alpha in December 2002 and during its investment period, Alpha made nine add-on acquisitions. Alpha went public in February 2005. First Reserve exited its investment with a sale of its remaining position in Alpha in January 2006.
- AMCI Capital
- Amromco Energy
Amromco Energy ("Amromco")
Amromco Energy (“Amromco”) is an exploration and production company focused on the enhancement of existing oil and gas fields, primarily in Romania. Amromco is the largest independent oil and gas producer in Romania and operates enhancement activities in more than 20 fields in the country.
- Anker Coal Group
- Ansaldo Energia
Ansaldo Energia
Ansaldo Energia (“Ansaldo”) is a provider of services and equipment to thermoelectric power plants, including gas turbines, steam turbines and turbogenerators. At acquisition, the company had an installed capacity of over 170,000 megawatts in more than 90 countries throughout the world. Ansaldo also provides plant engineering for turnkey power plants, offering the power generation market a broad range of services from component design and construction to plant operation, monitoring and repowering.
- Aquilex Services
Aquilex Services
Aquilex Services, an Atlanta-based holding company formed by First Reserve and management in November 2001 to provide equipment and services to the power generation industry. First Reserve made its investment in Aquilex Services in November 2001. The company acquired C&W Fabricators in November 2001, Welding Services, Inc. in April 2002, and Wheelabrator Air Pollution Control Inc., in August, 2002. First Reserve exited its investment in February 2007.
- Arrowhead Gulf Coast Holdings, LLC
Arrowhead Gulf Coast Holdings, LLC
Arrowhead Gulf Coast Holdings, LLC (“Arrowhead”) is a collection of contracted midstream assets focused on opportunities in Southern Louisiana. These assets include the Bay Marchand-Ostrica-Alliance crude oil pipeline as well as ~180 miles of crude oil gathering systems serving long-term producing fields in the U.S. Gulf of Mexico.
Headquarters: Houston, Texas, U.S.
Investment Date: May 2016
- Arsenal Resources
- Ascent Resources, LLC
- Asian Energy Holdings, LLC
Asian Energy Holdings, LLC
Asian Energy Holdings, formed to hold First Reserve’s investment in Asian American Coal, Inc., a development company for investing in and operating coal properties in China using Western best practices that was formed in 1999 by Morgan Massey. Asian Energy Holdings invested in Asian American Coal, Inc. in April 2005 and exited its investment in June 2008.
- Aspect Abundant
- Aspect Energy
- Australian Coal Ventures
- Bahamas Oil Refining Company International Limited
- Barra Energia do Brasil Petróleo e Gás
Barra Energia do Brasil Petróleo e Gás (“Barra”)
Barra Energia do Brasil Petróleo e Gás (“Barra”) is an exploration and production company focused on basins offshore Brazil. Barra was among the first independent Brazilian companies to acquire pre-salt assets. The company has exited all of its E&P assets and is currently winding down.
- Basic Energy Services, Inc.
Basic Energy Services, Inc.
Basic Energy Services, Inc., providing well site services for oil and gas exploration and production companies. In June 2000, First Reserve acquired shares in Basic after Basic’s stock purchase of First Energy Services Company (FESCO). First Reserve exited its investment in First Energy Services Company (BASIC) in July 2006.
- Berco Resources, LLC
- Berkley Petroleum Corp.
- Beryl
Beryl (formerly Coldren Oil & Gas)
Exploration and production company pursuing low-risk drill-to-earn opportunities on the Gulf of Mexico shelf. First Reserve invested in Beryl Oil & Gas in August 2005, making one add-on acquisition during our investment period. First Reserve exited the investment with a sale of its remaining position in March 2010.
- Blue Racer Midstream, LLC
- Blue Source
- Boston Generating
- Brand Energy and Infrastructure Services, Inc.
Brand Energy and Infrastructure Services, Inc.
Brand Energy and Infrastructure Services, Inc. (“Brand”) is a provider of specialty multi-craft services to the North American downstream energy infrastructure market. Brand’s extensive portfolio of service offerings includes work access, specialty coatings, blasting, insulation, refractory, corrosion protection, weatherproofing and other related soft crafts. Brand operates in four key energy sectors: refining, Canadian oil sands, petrochemical and power generation. The company also serves the infrastructure construction markets throughout North America and in strategic international regions.
- Cal Dive International, Inc.
Cal Dive International, Inc.
Cal Dive International, Inc. (NYSE: DVR), a specialty oil field service company. First Reserve acquired 50% of Cal Dive in January 1995 in a transaction structured to finance the company’s growth. In April 1997, Coflexip acquired 32% of Cal Dive from the company, First Reserve and other shareholders. Subsequently, in July 1997, the company completed an IPO, and First Reserve liquidated its holdings in Cal Dive in March 2000.
- Caledonia Oil & Gas Limited
Caledonia Oil & Gas Limited
Caledonia Oil & Gas Limited, formed in the second quarter of 2003 by First Reserve and the former management team of Highland Energy, a highly successful North Sea gas production company, with the objective of acquiring and developing natural gas reserves in that market. Caledonia acquired Consort in October 2003. First Reserve exited its investment in May 2007.
Headquarters: London, United Kingdom
Investment Date: October 2003
- Caliber Midstream Partners, LP
Caliber Midstream Partners, LP
Caliber Midstream Partners, L.P. is a joint venture formed with Triangle Petroleum Corporation (“Triangle”; NYSE:TPLM) to provide a full-service pipeline solution to producers for oil, natural gas, produced water and freshwater in the Williston Basin of North Dakota, the region encompassing the Bakken shale.
- Canadian Crude Separators
Canadian Crude Separators
Canadian company engaged primarily in providing oilfield waste treatment, recovery and disposal services and secondarily in well servicing. First Reserve invested in Canadian Crude Separators in July 2000, making 2 add-on acquisitions during our investment period. First Reserve exited its investment via the public markets in May 2002.
- Canadian E&P
- CHA Consulting, Inc.
CHA Consulting, Inc.
CHA Consulting, Inc. (“CHA”) is a highly diversified, full-service engineering consulting firm providing a wide range of technology-enhanced planning and design services across a variety of end markets including utility infrastructure, downstream processing and logistics planning. With technical personnel and offices throughout the United States and Canada, CHA offers engineering, architectural, survey, and other services necessary to complete projects with a focus on asset integrity and safety.
- Chart Industries
Chart Industries
Chart Industries, Inc. (NASDAQ: GTLS), a global manufacturer of standard and custom engineered products and systems for a wide variety of cryogenic and heat transfer applications. First Reserve invested in Chart in October 2005 and took Chart public in July 2006. In June 2007, First Reserve exited its investment with a sale of its remaining position in Chart.
- CHC Group Ltd.
CHC Group Ltd.
CHC Group Ltd. (“CHC”; OTC:HELIQ) is a provider of helicopter transportation services primarily to the offshore oil and gas industry for exploration and production activities. One of the world’s largest commercial operators of medium and heavy helicopters, the company also provides helicopter transportation services for emergency medical and search and rescue activities. CHC’s Heli-One segment is a non-original equipment manufacturer helicopter support company, providing repair and overhaul services, parts sales and distribution, and other related services to both CHC and customers based primarily in Europe, Asia and North America.
- Chicago Bridge & Iron Company N.V.
Chicago Bridge & Iron Company N.V.
Chicago Bridge & Iron Company N.V. (NYSE:CBI), a global engineering and construction company specializing in the design and engineering, fabrication, field erection and repair of bulk liquid terminals, storage tanks, process vessels, low temperature and cryogenic storage facilities and other steel plate structures and their associated systems. In December 2000, First Reserve purchased 50% of Howe-Baker International common stock from the WEDGE Group. CBI, in turn, acquired Howe-Baker from WEDGE and First Reserve. In January 2001, First Reserve purchased shares of CBI common stock from WEDGE. In February 2001, First Reserve purchased CBI common stock to facilitate CBI’s acquisition of Pitt-Des Moines, Inc.’s Water and Engineered Construction divisions. First Reserve exited its investment during 2003 and early 2004.
- Chiles Offshore
- China Coal Energy Company Limited
China Coal Energy Company Limited
China Coal Energy Company Limited (“China Coal”) is the second largest coal company in China and fifth largest in the world, by coal reserves. The company was established in August 2006 through a restructuring by its parent company, China National Coal Group (CNCG), one of only two Chinese coal companies reporting directly to the central government. The restructuring included substantially all the CNGC’s assets, liabilities and interests related to coal, coking, coal mining equipment manufacturing, coal mine design and other related businesses.
- CiDRA
- Cobalt International Energy
Cobalt International Energy
Cobalt International Energy (“Cobalt”; NYSE:CIE) is an exploration and production company pursuing oil in the deep offshore waters of the Gulf of Mexico and West Africa, with an emphasis on sub-salt and pre-salt exploration, development, and production. Cobalt has accumulated a deepwater exploration portfolio that it believes rivals those of the major oil companies, with interests in the sub-salt Miocene and Inboard Lower Tertiary plays in the Gulf of Mexico and offshore West Africa along with pre-salt analogs to Brazil.
- Colt Resources
- Columbia Natural Resources
- Connect Resource Services
Connect Resource Services
Connect Resource Services (“CRS”) is a platform currently focused on the acquisition of Austral-Asian mining services companies. The portfolio currently consists of Calibre Group Limited (“Calibre”), an Australian project delivery group providing engineering, project management, automation and process control systems, safety and training services, industrial IT consulting and rail transport solutions to the resources and infrastructure industries.
Headquarters: Brisbane, Australia
Investment Date: May 2010
- Crestwood Equity Partners LP
- Deep Gulf Energy
Deep Gulf Energy LP, Deep Gulf Energy II, LLC and Deep Gulf Energy III, LLC
Deep Gulf Energy LP, Deep Gulf Energy II, LLC and Deep Gulf Energy III, LLC (together “Deep Gulf”) are exploration and production companies established to fund the development of oil and gas fields in the deepwater Gulf of Mexico. Deep Gulf targets undeveloped fields in water depths of 1,000 to 7,000 feet with recoverable reserves of between 20 and 300 MMBOE. The management team focuses on fields owned by larger companies which are focused on other projects, and where there is the ability to tie back to existing infrastructure. The Deep Gulf team has executed over 20 such projects in the deepwater Gulf of Mexico while working at Mariner Energy and Deep Gulf.
- Destiny Resource Services
Destiny Resource Services
Independent oil and gas company operating in the Appalachian, Southwestern and Gulf Coast regions of the United States. First Reserve invested in Destiny Resource Services in May 1999, making 4 add-on acquisitions during our investment period. First Reserve exited its investment with a sale of its remaining position in September 2003.
- Diamond S Shipping Inc.
- DOF Subsea
DOF Subsea
DOF Subsea is a provider of offshore survey, construction support, and subsea services, operating a global fleet of modern construction support vessels. DOF Subsea’s fleet consists of owned subsea vessels, chartered-in vessels, vessels under construction, and submersible remote operated vehicles (ROVs). DOF Subsea is established in numerous key offshore markets with operations in Brazil, West Africa, Australia and the North Sea.
- Domain Resources
Domain Resources
Independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties, principally in the Gulf Coast region of the United States. First Reserve invested in Domain Resources in December 1996, making 4 add-on acquisitions during our investment period. First Reserve exited its investment via the public markets in May 2000.
Headquarters: United States
Investment Date: December 1996
- Dominion Midstream Partners
- Dresser Utility Solutions, LLC
Dresser Utility Solutions, LLC
Dresser Utility Solutions, LLC (fka Dresser Natural Gas Solutions) is a global original equipment manufacturer of commercial and industrial natural gas meters and pipeline repair products, encompassing trusted, recognized brands with a 135+ year history. The company has highly accurate, scalable manufacturing capabilities for meter, instrument and pipeline solutions products serving gas distribution utilities. Dresser Utility Solutions also has a history of innovation and capitalizes on industry trends of smart grid adoption, upgrade of aging infrastructure, asset integrity and safety.
First Reserve knows Dresser Utility Solutions well, having previously owned the business for ~10 years when it was part of Dresser, Inc., an FR portfolio company sold in 2011.
- Dresser, Inc.
Dresser, Inc.
Dresser, Inc., designer, manufacturer and marketer of highly engineered equipment and services. Dresser was formed by a First Reserve led management buyout from Halliburton in April 2001. First Reserve exited this investment in May 2007. Subsequently, the buyer invited First Reserve to join them in the investor group going forward. First Reserve made this subsequent equity investment in May 2007 and exited its investment in February 2011.
- Dresser-Rand
Dresser-Rand
Dresser-Rand (NYSE:DRC), among the largest global suppliers of custom-engineered rotating equipment solutions for long-life, critical applications in the oil, gas, petrochemical, and process industries. First Reserve purchased Dresser-Rand from Ingersoll-Rand in October 2004. First Reserve took Dresser-Rand public in August 2005. In March 2007, First Reserve exited its investment with a sale of its remaining position in Dresser-Rand.
- Dublin Waste to Energy
Dublin Waste to Energy
Dublin Waste to Energy is a partnership with Covanta, a leading global owner, operator and developer of waste-to-energy facilities, to invest in one of their recent waste to energy projects. When complete, the project is expected to be a ~69 MW capacity plant in Dublin, Ireland, processing ~600,000 metric tons of waste per year and ultimately supplying clean, renewable power to approximately 80,000 homes.
- Eagle Infrastructure Services, Inc.
Eagle Infrastructure Services, Inc.
Eagle Infrastructure Services, Inc. is a provider of third party inspection, integrity management, environmental, survey, qualification testing and NDE (non-destructive examination) auditing services for pipeline and related facilities infrastructure in transmission, gathering, utility, LDC (local distribution company), storage and downstream markets.
- Energy Credit Partners
Energy Credit Partners ("ECP")
Energy Credit Partners, L.P. (“ECP”) is an energy-focused investment vehicle focused on syndicated bank loans and other corporate debt. ECP is owned by First Reserve in partnership with Silvermine Capital Management (“Silvermine”), a well-established bank loan asset manager. Silvermine manages the day to day administration of the portfolio, but investment decisions are made jointly by First Reserve and Silvermine.
Headquarters: Stamford, Connecticut, U.S.
Investment Date: February 2008
- Entech II
- EnTech Industries/Dresser
EnTech Industries/Dresser (RingO)
Manufacturer and marketer of highly engineered equipment and provider of services for the energy industry in flow control, measurement and power. First Reserve invested in Entech Industries (RingO) in May 1997, making 8 add-on acquisitions during our investment period. First Reserve exited the investment with a sale of its remaining position in May 2007.
- Expanse Energy Solutions
Expanse Energy Solutions
Expanse Energy Solutions (“Expanse”) is a provider of electrical infrastructure, automation and maintenance services and materials to the oil and gas and commercial and industrial industries. Expanse operates as a network of companies across the United States with a wide scope of offerings that service the electrical demands of automation, artificial lift and enhanced oil recovery. Expanse offers turn-key solutions by providing a national reach with local service capabilities, supply chain management and around-the-clock maintenance.
- First Caribbean Power and Midstream
First Caribbean Power and Midstream
First Caribbean Power and Midstream was a platform to own contracted power and midstream assets in the Eastern Caribbean. The platform consisted of a majority stake in Trinity Power Limited (“Trinity”), a 225MW natural gas fired power generation facility providing power under a long-term power purchase agreement.
Headquarters: Greenwich, Connecticut, U.S.
Investment Date: January 2012
- First ECA Midstream
First ECA Midstream
First ECA Midstream is a joint venture formed with Energy Corporation of America (“ECA”) to own natural gas gathering systems serving the Marcellus Shale. The two initial pipelines, newly constructed by ECA in Greene and Clearfield counties in Pennsylvania, operate under long-term, fixed-rate take-or-pay contracts. The company also owns a third pipeline system in West Virginia which also provides a small amount of revenues from long-term customers utilizing the system.
Headquarters: Charleston, West Virginia, U.S.
Investment Date: October 2011
- First Reserve Momentum
- First Reserve Oil & Gas
First Reserve Oil & Gas
Owner and operator of gas storage systems for natural gas producers, pipeline companies and end users, principally local utilities and industrial customers. First Reserve invested in First Reserve Oil & Gas in December 1995, making 6 add-on acquisitions during our investment period. First Reserve exited its investment with a sale of its remaining position in May 2000.
- First Reserve Sustainable Growth Sponsor LLC
First Reserve Sustainable Growth Sponsor LLC
For information on First Reserve Sustainable Growth Sponsor LLC please visit http://www.frsgcorp.com.
- Fort Detrick Energy
Fort Detrick Energy
Fort Detrick Energy owns a central utility plant for a critical United States government facility, providing conditioned electricity, steam, and chilled water. It operates under long-term contracts with the U.S. Government.
Headquarters: Frederick, Maryland, U.S.
Investment Date: July 2011
- Foundation Coal Corporation
Foundation Coal Corporation
Foundation Coal Corporation, a large American coal mining company. First Reserve sourced and co-led the acquisition of Foundation with American Metals & Coal International (“AMCI”) in July 2004, later inviting another private equity firm to participate. Prior to the acquisition, Foundation was a subsidiary of RAG AG. First Reserve, along with its partners, took the company public in 2004. First Reserve exited its position in Foundation Coal in January 2006.
- FR Midstream Holdings, LLC
FR Midstream Holdings, LLC
FR Midstream Holdings, LLC (“FR Midstream”) is a platform to invest in midstream energy companies such as U.S. pipelines, terminals and associated midstream assets. FR Midstream has deployed capital into midstream energy companies with, in our view, long-term growth prospects, providing talented management teams with growth capital and financing solutions at a time when existing capital providers may be constrained. FR Midstream’s portfolio currently consists of investments in Crestwood Equity Partners LP (“Crestwood” NSYE:CEQP), an MLP focused on the gathering, processing, storage and transportation of crude oil, natural gas and natural gas liquids from North American shale plays, and KA First Reserve, a partnership with Kayne Anderson Capital Advisors.
Headquarters: Houston, Texas, U.S.
Investment Date: March 2008
- FR Risk Management
- FR Warehouse
FR Warehouse
FR Warehouse Holdings LLC (“FR Warehouse”) is an investment in the Comanche project, a 120MW solar PV facility located in Colorado that benefits from a 25-year, fixed price power purchase agreement. FR Warehouse is wholly owned by First Reserve and co-investors.
Headquarters: Greenwich, Connecticut, U.S.
Investment Date: August 2015
- FREIF North American Power I
FREIF North American Power I ("NAP I")
FREIF North American Power I (“NAP I”) was a platform to own a portfolio of contracted power generation assets in the United States. The portfolio consisted of 13 facilities located in California, Texas, New Mexico, and Connecticut, that generated a total of ~1,500 MW net to NAP I. All 13 facilities operated under contracts with utilities that provided long-term investment protection. In November 2016, NAP I sold 12 of the facilities. The remaining facility is located in California and generates a total of nearly 220 MW net to NAP I.
Headquarters: Greenwich, Connecticut, U.S.
Investment Date: March 2012
- GenPower Holdings
GenPower Holdings
GenPower holds Longview Power, a newly constructed 7 MW supercritical coal-fired power generating facility in West Virginia, and Mepco, a West Virginia based coal mining operation. First Reserve invested in GenPower Holdings, L.P. in October 2008 and exited the investment in September 2013.
Headquarters: United States
Investment Date: October 2008
- Glencore plc
Glencore plc
Glencore is one of the world’s largest global diversified natural resource companies and is one of the ten biggest companies within the FTSE 100 Index. The Group’s industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. Its diversified operations are comprised of over 150 mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities.
- Greystone Petroleum, LLC
Greystone Petroleum, LLC
Greystone Petroleum, founded in 1994 to pursue acquisitions of producing gas properties with development potential in the western interior seaway of North America. In March 2002, First Reserve invested in Greystone to facilitate its acquisition of Devon Energy Corporation’s interest in the Sligo Field of North Louisiana. First Reserve exited its investment in June 2004.
- GridTek Utility Services
GridTek Utility Services
GridTek Utility Services (formerly referred to as Power Corporation of America) is a leading provider of electrical transmission and distribution maintenance services for utility infrastructure, primarily serving the Southeast, mid-Atlantic and Southwest regions of the United States.
Headquarters: Melbourne, FL
Investment Date: December 2020
- Highland Energy
Highland Energy
Highland Energy, created in January 1999 to capitalize on opportunities to acquire and develop natural gas reserves in the southern North Sea. First Reserve invested in two stages to fund acquisitions, beginning in April 2000. The company was sold by First Reserve in January 2002 and, given the structure of the consideration, First Reserve exited its investment in February 2003.
- Hoover Circular Solutions Ltd.
Hoover Circular Solutions Ltd. ("Hoover CS")
Hoover Circular Solutions Ltd. (“Hoover CS”, fka Hoover Ferguson Group) is an integrated service provider of chemical tanks, catalyst bins, and other related rental products and services to the energy, petrochemical and general industrial end markets. With history dating back to 1911, Hoover CS provides its customers with comprehensive specialized container solutions as well as a range of complementary services including cleaning, refurbishment, recertification and logistics. The company is focused on promoting environmental responsibility by making sustainable packaging the standard in the industries it serves.
- INGENCO
- Intero Integrity Services
Intero Integrity Services
Intero Integrity Services is a global inspection and industrial services provider to the oil, gas, refining, and petrochemical industries. The company provides technology-driven services to enhance the integrity and performance of critical midstream and downstream assets during their life cycle, particularly for the inspection of challenging high angle and small diameter pipeline infrastructure.
- IOG Resources
IOG Resources
IOG Resources, LLC and IOG Resources II, LLC are non-operated exploration and production companies focused on partnering with operators to provide drilling capital to acquire working interests in oil and natural gas assets across multiple core hydrocarbon basins in North America (each distinct asset investment a Development JV or PDP acquisition).
IOG Resources II, LLC closed on April 13, 2022.
- IRISNDT Inspection & Engineering Inc.
IRISNDT Inspection & Engineering Inc.
IRISNDT Inspection & Engineering Inc. (“IRISNDT”) is a leader in providing advanced and general non-destructive testing (NDT), inspection, engineering, heat treatment, and specialized software solutions to the refining, petrochemical, utility, pipeline and industrial markets. The company was founded in 1953 and provides a full suite of NDT services to downstream end-markets with locations across the U.S., Canada and the UK. Driven by advanced technology, IRISNDT’s asset integrity evaluations are mission-critical to the owners of energy infrastructure, promoting efficient and safe operations, minimizing unplanned downtime, and increasing runtimes.
- James River
James River
Producer of low sulfur steam and metallurgical coal to United States utility, industrial and steel users. First Reserve invested in James River in May 1994, making 6 add-on acquisitions during our investment period. First Reserve exited its investment with a sale of its remaining position in June 2002.
- KCA Deutag
- Kenersys
- Kingfisher Wind
Kingfisher Wind ("Kingfisher")
Kingfisher Wind (“Kingfisher”) is a 298MW wind farm located outside Oklahoma City, Oklahoma, which First Reserve believes is supported by a strong, consistent wind resource. The project was built with Apex Clean Energy (“Apex”), an independent renewable energy developer, serving as the construction and asset manager. Kingfisher benefits from a 20-year, fixed-price electricity and renewable energy credit hedging agreement and will connect to the Southwest Power Pool electricity market.
Headquarters: Oklahoma, U.S.
Investment Date: January 2015
- KrisEnergy Ltd.
KrisEnergy Ltd. ("KrisEnergy")
KrisEnergy Ltd. (“KrisEnergy”; SGX:SK3) is an independent oil and gas exploration and production company operating in Southeast Asia. The company holds a portfolio of assets diversified throughout the exploration and development life cycle. KrisEnergy has operational offices throughout Southeast Asia, reflecting its broad regional footprint.
- La Bufa Wind
La Bufa Wind
La Bufa Wind is a partnership with Mexico Power Group (“MPG”), a leader within the renewable energy industry, to build a 130MW wind farm in Zacatecas, Mexico. Upon completion, the project will benefit from long-term contractual protections, selling its generated power to Volkswagen de México under a 20-year, inflation-linked, fixed-price, US-dollar denominated power purchase agreement. It is anticipated by Volkswagen de México that the clean energy consumed by the plant will be equal to the electricity used by 162,000 households in Mexico.
Headquarters: Mexico City, Mexico
Investment Date: December 2015
- Lackawanna Energy Center
Lackawanna Energy Center ("Lackawanna")
Lackawanna Energy Center (“Lackawanna”) is a 1,485 MW combined-cycle natural gas-fired power plant under construction in Lackawanna County, Pennsylvania. The project is being developed in partnership with Invenergy LLC, a clean energy and natural gas-fired power developer, owner and operator. Upon its completion, Lackawanna is expected to generate electricity for the Pennsylvania-New Jersey-Maryland (“PJM”) Interconnection electricity market in the United States.
Headquarters: Jessup, Pennsylvania, United States
Investment Date: December 2016
www.lackawannaenergy.com - Lamons
- LineStar Integrity Services, LLC
LineStar Integrity Services, LLC
LineStar Integrity Services, LLC (“LineStar”) is a platform committed to the safe delivery of non-discretionary, recurring and essential pipeline integrity, maintenance and repair services and small, recurring capital projects to the midstream and downstream value chain. LineStar provides a comprehensive suite of solutions that includes midstream integrity maintenance, corrosion and cathodic protection, coatings, GIS, SCADA, remote monitoring / control room operations, measurement and automation, and O&M compliance. The company helps its clients manage risk and enhance safety and environmental best practices and compliance by providing services to maintain the integrity of pipeline and midstream facility assets throughout their life cycles.
- Los Ramones II
Los Ramones II
Los Ramones II Norte and Sur (“Los Ramones II”) consists of a 744-kilometer pipeline that is expected to transport up to 1.4 billion cubic feet per day of natural gas from near the Texas border to Guanajuato, near Mexico City, traversing growing demand centers in Mexico’s industrial heartland. The pipeline holds a 25-year take-or-pay contract and is the first major midstream asset sponsored by Petroleos Mexicanos (“Pemex”), the national oil company of Mexico, to be built in partnership with foreign capital since the approval of Mexico’s historic Constitutional Energy Reform in 2013.
Headquarters: Mexico City, Mexico
Investment Date: December 2015
- M Group Services
M Group Services
M Group Services (formerly known as Morrison Utility Services) is a provider of utility infrastructure services in the United Kingdom. With history dating back to 1884, the company services electricity, gas and other companies throughout the UK. The company provides recurring maintenance, enhancement, expansion and renewal services to utilities and infrastructure assets.
- Mariah North Wind
Mariah North Wind
Mariah North Wind is a 230MW wind project in Parmer County in West Texas. The project was developed and built in partnership with the experienced development and construction management team of Mariah Acquisition and Harvest Energy Services, Inc. The project benefits from a strong, historically consistent wind resource; a 13-year, fixed-price hedge for much of its power production; and turbine supply and long-term O&M services from General Electric.
Headquarters: Houston, Texas, U.S.
Investment Date: February 2016
- Mexico Clean Fuels Infrastructure
Mexico Clean Fuels Infrastructure
Mexico Clean Fuels Infrastructure owns an Ultra-low Sulphur Gasoline (“ULSG”) processing plant, part of an existing and essential group of assets used to produce gasoline in compliance with Mexico’s environmental standards. Already in service, the ULSG plant operates under a 20-year fixed payment contract with Petroleos Mexicanos (“Pemex”), the national oil company of Mexico.
Headquarters: Mexico City,
Mexico
Investment Date: July 2016
- Midstates Petroleum
Midstates Petroleum ("Midstates")
Midstates Petroleum (“Midstates”; NASDAQ:MPOYQ) is an independent exploration and production company operating primarily in Oklahoma and Texas. Midstates’ strategy is to grow
- Midstream Enterprises
Midstream Enterprises ("ME")
Midstream Enterprises (“ME”) is a platform to invest in the energy midstream sector through the acquisition of companies or assets. The portfolio currently consists of a 5.9% General Partner interest in Plains All American (“PAA”), a $16 billion publicly traded master limited partnership engaged in the transportation, storage, terminalling, and marketing of crude oil, refined products and LPG.
Headquarters: Houston, Texas, U.S.
Investment Date: December 2010
- National Oilwell, Inc
National Oilwell, Inc
National Oilwell, Inc. (NYSE:NOI), comprehensive systems and components used in oil and gas drilling and production. First Reserve, Inverness Partners and management purchased National in January 1996 from USX and Armco Steel and subsequently took the Company public in October 1996. National acquired 13 companies during the period of First Reserve’s investment. First Reserve exited its investment in February 2001.
- Natural Resource Partners
- Navigator Energy Services, LLC
Navigator Energy Services, LLC
Navigator Energy Services, LLC (“Navigator”) is a midstream company constructing crude oil gathering and transportation assets in the core of the Midland Basin, located in Texas. Ultimately, the system is expected to total approximately 580 miles. It is supported by long-term ship-or-pay and acreage dedication contracts from multiple customers.
- New World Resources B.V.
New World Resources B.V.
New World Resources Plc (LSE: GBp, PSE:CZK, WSE:PLN) is a Central European coal and coke producer. First Reserve invested in NWR in October 2005. NWR became a publicly listed company in May 2008 joining the London, Prague and Warsaw Stock Exchanges. The company was noted as the largest Initial Public Offering on the London Stock Exchange in 2008. First Reserve exited its investment in July 2009.
- Osage Bio Energy
- Pacific Energy Partners
- Patina Oil & Gas
Patina Oil & Gas
Growing mid-size independent energy company engaged in the acquisition, development and exploitation of oil and natural gas properties in the continental U.S. First Reserve invested in Patina Oil & Gas in October 1997, making 4 add-on acquisitions during our investment period. First Reserve exited its investment via the public markets in December 2000.
- PBF Energy Company LLC
- Petrocorp
- PetroFirst Infrastructure Limited
PetroFirst Infrastructure Limited
PetroFirst Infrastructure Limited (“PFIL”) and PetroFirst Infrastructure 2 Limited (“PFIL 2”) are companies formed as a joint venture with Petrofac, an international service provider to the oil and gas production and processing industry. PFIL owns Petrofac’s former fleet of two vessels that process and store oil in support of offshore production and PFIL 2 owns the Lewek EMAS floating production storage and offloading vessel.
Headquarters: Jersey, United Kingdom
Investment Date: June 2014
- Lucero Energy Corp.
Lucero Energy Corp.
Lucero Energy Corp. (“Lucero”; TSXV:LOU), formerly known as PetroShale Inc., is a growing oil exploration and production company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken and Three Forks formation, with a focus on the Fort Berthold area which First Reserve believes is the most economic portion of the play.
- Phillips 66 Partners LP
Phillips 66 Partners LP
Phillips 66 Partners LP (“PSXP”, NYSE: PSXP) is a growth-oriented public master limited partnership sponsored by Phillips 66 (NYSE: PSX). PSXP owns, operates, develops and acquires predominantly fee-based crude, refined products, and NGL midstream assets, many of which have take-or-pay contracts associated with them. PSX is the largest customer of PSXP, and we believe that PSXP’s assets are integral to the ongoing operation of PSX’s assets. First Reserve is pleased to be partnering with what we believe is a strong, supportive sponsor capable of providing long-term growth visibility.
- Phoenix Energy Services
Phoenix Energy Services
Producer of low sulfur steam and metallurgical coal to United States utility, industrial and steel users. First Reserve invested in Phoenix Energy Services in January 1995, making 17 add-on acquisitions during our investment period. First Reserve exited its investment with a sale of its remaining position in November 1999.
Headquarters: United States
Investment Date: January 1995
- Picus Petroleum
- Pine Mountain Oil & Gas
Pine Mountain Oil & Gas
Pine Mountain Oil & Gas, established in 1984 as a wholly-owned subsidiary of Pittston Coal Company, to identify, consolidate and manage Pittston’s oil and gas resources. First Reserve acquired Pine Mountain from Pittston Coal Company in August 2003. First Reserve exited its investment in December 2004.
- Plains All American Pipeline, L.P.
Plains All American Pipeline, L.P.
Plains All American Pipeline, L.P. (“Plains”; NASDAQ: PAA) is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas and refined products. Plains owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the U.S. and Canada.
- Plasco Energy Group
Plasco Energy Group
Waste-to-energy company with patented technologies for converting municipal garbage into clean materials for alternate use. First Reserve invested in Plasco Energy Group in November 2007 and exited the investment in September 2013.
Headquarters: Canada
Investment Date: November 2007
- Power Well Services
Power Well Services
Power Well Services, established in March 2004 when First Reserve acquired Power Chokes. In July 2004, First Reserve purchased the surface well testing assets of Halliburton Company and merged it with Power Chokes to form Power Well Services. First Reserve exited its investment in December 2006.
- Pride International, Inc.
Pride International, Inc.
Pride International, Inc. (NYSE:PDE), an international provider of contract drilling and associated services related to the oil and gas exploration and production industry, both onshore and offshore. First Reserve first invested in Pride International in April 1999. In September, 2001, Pride merged with Marine Drilling Companies, Inc. and First Reserve exited its investment in May 2005.
- PrimeLine Utility Services
PrimeLine Utility Services (formerly "USA")
PrimeLine Utility Services LLC (“PrimeLine”)
,is a turnkey provider of a full range of critical maintenance and repair services for electric and gas transmission, substation, and distribution infrastructure across the Midwest, Eastern, and Southern regions of the United States. Demand for the company’s highly recurring maintenance services is driven by routine system expenditures and regulatory mandates for system upgrades due to increased reliability and safety standards. PrimeLine has over 60 years of experience in the electric and gas utility services industry and has developed a long-standing reputation for highly innovative solutions and exceptional service for utilities’ most demanding and complex infrastructure needs. - Quanta Services
Quanta Services
Quanta Services (NYSE: PWR), an S&P 500 company and a provider of specialized contracting services, delivering infrastructure solutions for the electric power, natural gas and pipeline and telecommunication industries. First Reserve invested in Quanta Services in December 2002 and exited its investment in June 2005.
- Quintana Canada
- Quintana Maritime Limited
Quintana Maritime Limited
Quintana Maritime (NASDAQ: QMAR), an international provider of dry-bulk cargo marine transportation services including coal and iron ore. With its partner Quintana Minerals, First Reserve invested in Quintana Maritime in April 2005 and exited its investment in October 2007.
- R&B Falcon
- RC2
- Red Technology Alliance
Red Technology Alliance
Focused on technically demanding exploration and exploitation projects primarily in the Rocky Mountains and Offshore Gulf of Mexico using Halliburton’s industry knowledge and expertise. First Reserve invested in Red Technology Alliance, LLC in December 2006, making 4 add-on acquisitions during our investment period. First Reserve liquidated its investment in March 2010.
- Refinery Services
- Refuel
- Remora Energy International, L.P.
- Renovalia Reserve
Renovalia Reserve
Renovalia Reserve is a joint venture formed with Renovalia Energy to own and operate a portfolio of onshore wind farms. The portfolio currently consists of two wind farms in Mexico, six in Spain, and one in Hungary, with approximately 500MW of combined capacity. Revenue is derived principally from long-term agreements and other structural features that we believe provide for long-term investment protection.
Headquarters: Madrid, Spain
Investment Date: December 2011
- RKI Exploration & Production, LLC
RKI Exploration & Production, LLC
RKI Exploration & Production, LLC (“RKI”) is a privately held company owning oil and gas assets in the Powder River basin. First Reserve made its original investment in RKI in November 2011. The remainder of the company, excluding the Powder River Basin assets, was sold to WPX Energy in August 2015.
- Sabine Oil & Gas
Sabine Oil & Gas (formerly, NFR Energy LLC)
Sabine Oil & Gas (formerly, NFR Energy LLC) is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. Sabine has three established core operating areas in East Texas (Cotton Valley/Haynesville), in the Eagle Ford Shale and in the Anadarko Basin (Granite Wash and Cleveland).
- Sable Permian Resources, LLC
Sable Permian Resources, LLC
Sable Permian Resources LLC (“Sable Resources”), formerly known as Permian Resources, LLC, is an exploration and production company focused on the development of oil and natural gas in the Permian Basin. The company is led by an independent management team who has experience in unconventional resource development.
- Saxon Energy Services
Saxon Energy Services
Saxon Energy Services (“Saxon”) is a provider of international land drilling services, operating rigs in the U.S., Mexico, Colombia, Australia, Peru, Venezuela, and other North and South American locations. The company operates a young, technologically advanced fleet focused on complex development drilling, employing many of its assets under long-term contracts.
- Southern Cross Coal Holdings
Southern Cross Coal Holdings
Southern Cross Coal Holdings (“Southern Cross”) is a platform for investments in coal mining operations and resources in Australia. Our partner in Southern Cross is our long-term strategic partner in the coal industry, American Metals & Coal International (“AMCI”). The holdings currently consist of stakes in Whitehaven Coal (ASX: WHC) and Aquila Resources (ASX: AQA).
- Stone Mountain Resources
Stone Mountain Resources
Growth-driven E&P platform focused on acquisitions and exploration in the Western Canadian Sedimentary Basin. First Reserve invested in Stone Mountain Resources, Ltd. in March 2006, making 6 add-on acquisitions during our investment period. First Reserve made a final exit from the investment in April 2011.
- SunReserve
SunReserve
SunReserve is a platform to own operating solar photovoltaic power generation facilities in Europe and North America. Before the sale of its Italian PV assets in August 2016, the portfolio consisted of 21 facilities with approximately 255MW of generation capacity. The portfolio currently consists of 12 facilities in Europe and North America, with more than 150MW of generation capacity. SunReserve is 100% owned by First Reserve.
Headquarters: Greenwich, Connecticut, U.S.
Investment Date: June 2010
- Superior Energy Services, Inc.
- T-3 Energy Services, Inc.
T-3 Energy Services, Inc.
T-3 Energy Services, Inc. (NASDAQ: TTES), formed in February 2000 by First Reserve and management as an acquisition vehicle to consolidate high-end equipment repair and specialty machining operations focused in the Gulf of Mexico. First Reserve exited its investment in April 2007.
- Templar Energy
Templar Energy ("Templar")
Templar Energy LLC (“Templar”) is an oil and natural gas exploration and production company primarily focused on investing in the Mid-Continent Region of the U.S., while also evaluating opportunities outside the region which fit its economic criteria. Templar primarily targets mature well-understood regions that are liquids-rich, have stacked multiple development pay zones, and are expected to offer attractive full-cycle development returns. Templar’s executive management team has diverse experience, with core competencies in horizontal drilling and multi-stage completion techniques, having drilled hundreds of horizontal wells in the Mid-Continent Region.
Headquarters: Oklahoma City, Oklahoma, U.S.
Investment Date: December 2012
- Texas American Resources Company
- Texas American Resources Company II, LLC
- TNT Crane & Rigging, Inc.
TNT Crane & Rigging, Inc.
TNT Crane & Rigging, Inc. is a crane service provider in North America focused on the energy infrastructure, upstream and industrial end markets with a footprint spanning the Gulf Coast, Rocky Mountains and Southeast United States up to Canada. Founded in 1985, the company operates a fleet of mobile cranes, and provides its services to a diverse set of customers. Demand for the company’s services is primarily driven by regularly scheduled turnaround and maintenance activities within large facilities including refineries, petrochemical facilities and power plants as well as throughout the well lifecycle in the upstream end market.
- Torus Insurance
Torus Insurance
A diversified insurance company with a focus on onshore and offshore energy assets and other large, complex and niche specialty risks. First Reserve invested in Torus Insurance in June 2008 and exited the investment in March 2014.
Headquarters: United Kingdom
Investment Date: June 2008
- TPC Group Inc.
TPC Group Inc.
TPC Group Inc. (“TPC”) is a fee-based processor and service provider of value-added products derived from natural gas based petrochemical raw materials. TPC owns and operates two manufacturing facilities and a marine loading facility along the U.S. Gulf Coast and is a supplier of fuel and lubricant additives and an independent producer of butadiene.
- TransMontaigne
- Trillium Flow Technologies
Trillium Flow Technologies
Trillium Flow Technologies is a global designer, manufacturer and aftermarket services provider of engineered valves and pumps used in energy and broader industrial applications. Its portfolio of established brands serves diverse customers in the power generation, oil and gas, water and wastewater, mining, and industrial sectors.
- Tri-Point Oil and Gas Production Systems
Tri-Point Oil and Gas Production Systems
Tri-Point Oil and Gas Production Systems provides differentiated solutions centered on production and process equipment and services, capitalizing on an environment where First Reserve believes that oil and gas operators are increasingly focused on quality, efficiency, and single-source suppliers.
- United Production Partners, LLC
United Production Partners, LLC
United Production Partners, LLC, formerly known as Saddle Barnett Resources, LLC, is a natural gas-weighted E&P company, focused on the optimization of largely proven, producing assets in the Barnett Shale and Southwest Texas regions of the U.S.
Headquarters: Houston, Texas, U.S.
Investment Date: December 2016
- USA DeBusk LLC
- Utica Minerals Development
- Vallourec
- Venterra Group Plc
Venterra Group Plc
Venterra Group Plc (“Venterra”) is a UK-based infrastructure services business which provides design, construction and maintenance support services primarily focused on the global offshore wind sector.
Headquarters: Sheffield, United Kingdom
Investment Date: February 2022
https://www.venterra-group.com/ - Vista Proppants and Logistics, LLC
Vista Proppants and Logistics, LLC
Vista Proppants and Logistics, LLC is an in-basin provider of frac sand solutions for oil and gas well completions in producing regions in Texas and Oklahoma. Through its vertically integrated logistics network of transload terminals and fleet of “last-mile” transport vehicles, the company offers mine-to-wellhead frac sand supply chain solutions and security of supply in some of the most active oil and gas regions of the United States, including the Permian Basin, Eagle Ford Shale and SCOOP/STACK.
- Weatherford International, Inc
Weatherford International, Inc
Weatherford International, Inc. (NYSE: WFT), providing innovative mechanical solutions, technology and services for the drilling, completion and production sectors of the oil and gas industry. In May 1988, First Reserve invested in the platform build-up of two separate companies, one in the gas compression sector and the other in oil field equipment, and First Reserve merged the entities to form Total Energy Services, Inc. (“Total”). During the process of Total’s public offering, First Reserve generated an offer from Enterra, Inc. to merge Total into Enterra at a premium to Total’s expected IPO price. First Reserve and Enterra management agreed to a subsequent merger with Weatherford International, Inc. to create Weatherford Enterra, Inc. In May of 1998, Weatherford Enterra, Inc. and EVI, Inc. merged to form Weatherford International, Inc. First Reserve exited its investment in June 1999.
- Western Gas Partners
Western Gas Partners
Western Gas Partners, L.P. (“Western”; NYSE:WES) is a publicly traded master limited partnership formed by Anadarko Petroleum Corporation (“Anadarko”) to own, operate, acquire, and develop midstream assets. Western gathers, processes, compresses, treats and transports natural gas, condensate, natural gas liquids and crude oil for Anadarko and third parties. Western has a substantial presence in basins with historically strong producer economics with core positions located across the United States. First Reserve is pleased to be partnering with what we believe is a well-capitalized midstream entity with a growth-oriented mandate.
- White Rose Energy Ventures
White Rose Energy Ventures (“White Rose”)
White Rose Energy Ventures (“White Rose”) is an exploration and production company focused on onshore and offshore basins in West Africa. The management team seeks to build a portfolio of assets, geographically diversified across multiple jurisdictions, and diversified by stage across exploration, development, and production.
