FireBird Energy LLC
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FireBird Energy LLC - overview
Established
2019
Location
Fort Worth, TX, US
Primary Industry
Oil & Gas
About
FireBird Energy LLC is a company specializing in upstream oil and gas exploration and production, focusing on the development of resources in the Midland Basin using advanced drilling technologies. Founded in 2019 and headquartered in Fort Worth, US, FireBird Energy LLC engages in upstream oil and gas exploration and production. The company has conducted 2 deals, with a notable recent deal on October 11, 2022, when it was acquired by Diamondback Energy, Inc. for approximately USD 1.
6 bn. The CEO is Travis Thompson. FireBird Energy LLC specializes in upstream oil and gas exploration and production, primarily in the Midland Basin. The company develops oil and gas resources through advanced drilling technologies, including horizontal drilling and hydraulic fracturing, to optimize resource recovery.
Their products supply crude oil and natural gas to refiners and energy companies, serving a diverse clientele throughout the United States. FireBird Energy LLC generates revenue through direct sales of crude oil and natural gas to clients, structured in a B2B framework. Transactions typically involve long-term supply agreements with pricing based on market benchmarks. The company also engages in partnerships to enhance production capabilities, facilitating a steady revenue flow from its operations.
With the acquisition by Diamondback Energy, Inc. in October 2022, FireBird Energy LLC aims to strengthen its development pace and enhance its long-term cash return profile. Future growth plans include optimizing resource inventory and potentially expanding operations further into the Midland Basin.
Current Investors
Ontario Teachers' Pension Plan, RedBird Capital Partners
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production
Website
www.firebirdenergy.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
FireBird Energy LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | FireBird Energy LLC | - | ||||||||
| Buyout | Completed | FireBird Energy LLC | - |
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