HOUSTON - Millennial Energy Partners, LLC announced today that it has closed Millennial PDP Fund V, LP through a private placement conducted under Regulation D. Millennial has organized Fund V primarily to acquire non-operated oil and gas working interests in various basins throughout the United States. Fund V will focus on leasehold and production acquisitions, strategic partnerships with operators and organic leasing opportunities ranging from $1 million to $30 million.
Since January 2013, Millennial principals have invested in non-operated oil and gas working interests in Texas, Louisiana and Wyoming through previous managed funds. Fund V is a continuation of this non-operated acquisition and development strategy.
Millennial is led by principals Drew Scoggins, Chief Executive Officer; Mike Roth, President and Chief Operating Officer; Phillip Gayle, Executive Vice President; and Martin Houston, Non-Executive Chairman.
Bracewell & Giuliani LLP provided legal representation to Millennial in connection with the closing of Fund V, led by partner Michael D. Piazza and associate Clay Brett.