Ensign Natural Resources (Ensign), an exploration and production company operating in the Eagle Ford Shale in South Texas, formed in 2017 in partnership with Warburg Pincus, is selling its assets to Marathon Oil, for a total cash consideration of $3.0 billion, including closing adjustments.
Warburg Pincus has invested in energy companies for over thirty years, investing or committing over $15 billion across more than 90 energy deals around the world. Ensign further secured an equity commitment from the Kayne Private Energy Income Funds, the energy private equity platform of Kayne alternative investment manager Anderson Capital Advisors.
Evercore and JP Morgan Securities LLC served as financial advisors to Ensign. Sidley Austin LLP served as legal advisor to Ensign.
Read more: Private Equity Wire
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