PL

Percussion Petroleum Iii, Llc

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Percussion Petroleum III, LLC - Company Research Report



Company Overview



Name: Percussion Petroleum III, LLC

Mission: No information is available

Founded: No information is available

Founders: No information is available

Key People:
  • John H. Campbell III - Chief Executive Officer

  • Background: Former Co-CEO of Percussion Petroleum II, LLC and CEO of Percussion Petroleum I, LLC. Previous roles at Rockcliff Energy, Quantum Resources Management, and El Paso E&P.

  • Education: B.S. in Petroleum Engineering from The University of Texas at Austin.

  • Andrew McCooey - Chief Financial Officer

  • Background: Former CFO at Percussion II, Vice President of Finance at Sabinal Energy, and investment banker at J.P. Morgan.

  • Education: B.A. in Biochemistry and an MBA from Rice University.

  • Jerick Yuen - Chief Accounting Officer

  • Background: Former VP of Accounting at Percussion II, Corporate Controller at Frostwood Energy, and Luxe Energy, LLC.

  • Education: B.B.A. and M.P.A. from The University of Texas at Austin. Certified Public Accountant.

  • Colby Carpenter - Executive Vice President of Subsurface

  • Background: Former Director of Engineering at Riverbend Energy Group, reservoir and completions engineer at Pioneer Natural Resources.

  • Education: B.S. in Petroleum Engineering from Texas A&M University, B.B.A. in Finance from Loyola University.

  • Andrew Pollack - Vice President of Geology

  • Background: Former Vice President at Citigroup, senior geologist at Venado Oil & Gas, and various roles at Devon Energy.

  • Education: B.S. in Geosciences from The Pennsylvania State University, M.S. in Geological Sciences from The University of South Carolina.


Headquarters: Houston, Texas

Number of Employees: No information is available

Revenue: No information is available

Known For: Acquisition and development opportunities in select onshore basins in North America.

Products



Product Portfolio



No information is available

Recent Developments



Recent Developments in the Company



  • Acquisition by Callon Petroleum: In May 2023, Callon Petroleum Company signed definitive agreements to acquire the membership interests of Percussion Petroleum Operating II, LLC in a cash and stock transaction valued at approximately $475 million with potential contingent payments up to $62.5 million.

  • Divestiture to Callon Petroleum: Callon Petroleum to acquire Percussion Petroleum Operating II, LLC assets with plans to solidify their operations in the Permian Basin, improving financial metrics and operational efficiencies.

  • Announcement with Carnelian Energy Capital: In March 2020, Percussion Petroleum II announced an equity commitment from Carnelian Energy Capital III, L.P. to pursue acquisition and development strategy in North American onshore basins.

  • Sale of Assets: In June 2019, Percussion Petroleum I divested its Northwest Shelf asset to Spur Energy Partners, which included 380 gross wellbores and 22,000 net Yeso acres in Eddy and Lea Counties, New Mexico.


New Products Launched



No information is available

New Features Added to Existing Products



No information is available

New Partnerships



No information is available




This report covers pertinent details about Percussion Petroleum III, LLC, gathered from the available data. For any fields where information is not provided, it is stated explicitly as "No information is available."