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Upstream

Exploration & Production.
How can you optimise your wells without draining your pocket? Are you capable of delivering the greatest possible ROI with the lowest possible risk and operational costs? Allow us to help fund and assist your Exploration and Production.

One-third of our energy portfolio is upstream investments, and we have the capacity and appetite to invest in all levels of the capital structure with no fund holding requirements.

Based in Dallas, Texas, our Energy Finance team includes:
  • 13 investment professionals – focused on midstream & upstream
  • Core energy investment managers average more than 15 years of experience
  • New investment appetite of approximately US$1 billion, annually
  • Offer decentralised, streamlined authority to structure and price new financings and modify terms after closing
We work directly with management teams and executives to tailor financing solutions for their companies, which span from small mom-and-pop establishments to large A-rated utilities.
our people

Helping you weather the storms.

“More than anything else, we want to be a trusted advisor, so borrowers can pick up the phone when things don’t go as planned, get our opinion, and learn how to tactically solve whatever stands in their way.”

CHRIS HALLORAN
Senior VICE PRESIDENT
ENERGY - DIRECT LENDING
Typical size
  • Senior Debt: US$10 - US$400 million
  • Mezzanine Debt: US$10 - US$50 million
  • Equity: US$10 - US$50 million
Scale & commitment
  • 13 experienced investment professionals
  • Average tenure of investment staff is 15 years
  • Committed capital through all market cycles
  • Debt and equity appetite in excess of US$1 billion, annually
Structural characteristics
  • Investment grade and below investment grade debt; typically, fixed-rate, long-term senior notes, and floating-rate financings
  • Secured or unsecured financing ability
  • Tenor beyond traditional bank market capacity
  • Junior capital: second lien, mezzanine, and non-control equity investment capacity
  • Energy infrastructure, project finance, joint venture, financing, and equity participation capabilities
Issuer benefits
  • Single-source financing relationship, which allows for post-closing continuity
  • Can receive both debt and equity capital in the same transaction
  • Broad investment interest allows participation in project, joint venture and structured financings
  • Can receive financing on either an asset- or cashflow basis
  • Long-term investment horizons
Portfolio Companies
We have an investment portfolio of US$9.2 billion in the oil & gas industry as of 31.12.20.
Meet the team
Brittany Braden, CFA
Vice President
+1.214.720.6277
oil & gas
Email
Callie Hamilton, CFA
Vice President
+1.214.720.6232
oil & gas
Email
Brian Lemons, CFA
Senior Vice President
+1.214.720.6276
oil & gas
Email
Pricoa Private Capital (‘PPC’) is a trading name of PGIM, Inc. (‘PGIM’), the principal asset management business of Prudential Financial, Inc. ('PFI'), and it is also a trading name of PGIM Private Capital Limited and PGIM Private Capital (Ireland) Limited. In the United Kingdom, information is issued by PGIM Private Capital Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Private Capital Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 172071) and registered in England No. 1331817. In the European Economic Area (“EEA”), information is issued by PGIM Private Capital (Ireland) Limited with registered office: Pramerica Drive, Letterkenny Business and Technology Park, Letterkenny, Co Donegal, F92 W8CY, Ireland. PGIM Private Capital (Ireland) Limited is authorised and regulated by the Central Bank of Ireland and registered in Ireland under company number 635793 operating on the basis of a European passport. In certain EEA countries, information is, where permitted, presented by PGIM Private Capital Limited in reliance of provisions, exemptions or licenses available to PGIM Private Capital Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Private Capital Limited and/or PGIM Private Capital (Ireland) Limited to persons who are professional clients as defined  under the rules of the FCA and/or to persons who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II).