Carnelian Energy Capital Makes Equity Investment in Zavanna
September 24, 2024
Denver-based independent E&P company Zavanna received an equity investment from investment funds managed by Carnelian Energy Capital to recapitalize the business and fund development of its Williston Basin asset base. Management and founder Bill Coleman retain a significant ownership stake alongside Carnelian; the new capital will also support accretive bolt-on acquisitions and trades.
- Buyers
- Carnelian Energy Capital
- Targets
- Zavanna, LLC
- Industry
- Oil & Gas
- Location
- Colorado, United States
- Transaction Type
- Recapitalization
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