Ichthys Retains Core New Mexico Asset Base, Remaining Well Capitalized for Continued Growth and Development

Post Oak Energy Capital, LP (“Post Oak”) today announced that Ichthys Energy Partners, LLC (“Ichthys”) has completed the sale of a portion of its Permian Basin assets to multiple buyers.

Based in Dallas, Ichthys is an upstream company pursuing inventory aggregation and development strategies across the Northern Delaware Basin. Post Oak provided an equity commitment to Ichthys in October 2024.

“Ichthys’ monetization continues Post Oak’s strong track record of success and momentum in the Permian Basin,” said Ryan Walsh, Managing Director of Post Oak. “The Northern Delaware continues to be one of the most attractive regions for upstream capital investment in North America, and we look forward to continuing our partnership with Ichthys as it pursues additional opportunities in the basin.”

“These transactions reflect our commitment to maximizing risk-adjusted returns to investors through Ichthys’ proven strategy of aggregating and optimizing assets in the Northern Delaware Basin,” said Michael Poynter, Chief Executive Officer of Ichthys. “Our retained core New Mexico asset base, experienced team, and continued partnership with Post Oak have Ichthys poised for rapid growth, building on the momentum we’ve established.”

Ichthys remains well capitalized with a continued equity commitment from Post Oak to develop its existing assets and pursue additional operated and non-operated acquisitions across the Permian Basin.

TenOaks Energy Advisors served as financial advisor and Latham & Watkins served as legal advisor to Post Oak and Ichthys in connection with the transaction.

Terms of the transaction were not disclosed.

About Ichthys Energy Partners

Founded in 2024 and based in Dallas, Texas, Ichthys Energy Partners, LLC is an exploration and production company pursuing the aggregation and responsible development of Permian Basin inventory. The company targets operated and non-operated acquisitions and strategic partnerships across the Delaware and Midland Basins, and was formed in partnership with Post Oak Energy Capital. For more information, visit: www.ichthysenergy.com.

About Post Oak Energy Capital

Founded in 2006, Post Oak Energy Capital, LP, is a Houston-based private equity firm focused on the North American Energy sector. The firm’s senior leadership brings extensive industry experience, complemented by a team of investment professionals with deep networks and expertise across equity investments, operations, development, finance, acquisitions and divestitures. Post Oak primarily targets private investments in the upstream and minerals & royalty sectors and has raised over $3 billion of capital across five funds since its inception. For more information, visit: www.postoakenergy.com.

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