Wild Basin Energy Receives Commitment from Pearl Energy Investments To Bring Total to $100 million of Equity
Summary
AUSTIN, Texas, March 10, 2025--(BUSINESS WIRE)--Wild Basin Energy ("Wild Basin") is pleased to announce it has secured an equity commitment from Pearl Energy Investments ("Pearl") for an initial $60 million to continue acquiring minerals and royalties in the Haynesville of Louisiana and East Texas. Wild Basin has also received a strategic minority commitment that will bring the total to $75 million of new equity commitments alongside existing capital from management and existing investors.Wild Basin utilizes a technically focused approach to intentionally assemble and manage a premier portfolio of natural gas-focused minerals and royalties well positioned to benefit from structural growth in US LNG and the emerging domestic expansion of power generation driven by AI and data centers. Wild Basins skillset and past experience position the company to successfully deliver top tier risk-adjusted returns.Blake Williams, CEO, commented, "Our team has been hard at work building a premier asset of just over 4,000 net royalty acres in the core of the Haynesville. Our track record of success with large mineral assets, combined with Pearls financial strength and strategic expertise, creates a dynamic platform. The Wild Basin management team is comprised of key former employees of Brigham Minerals (NYSE: MNRL) and is led by Blake Williams (CEO), Jacob Sexton (CFO), Brad Burris (EVP of Land and Business Development), Debbie Brandes (VP of Reservoir Engineering) and Will Warren (VP of Geology).