Houston, Texas - TPH Partners II, L.P., a middle-market energy private equity fund, is pleased to announce the formation of its partnership with Big Horn Energy Services (Big Horn or the Company), an oilfield service company headquartered in Midland, Texas. Big Horn provides oilfield water solutions in the Permian Basin, including real-time high-volume water transfer in support of hydraulic fracturing operations. Timely, high quality delivery of this critical path capability is essential to successful and cost effective operations for Big Horn’s exploration and production client base.
Big Horn is led by an experienced management team, anchored by President and Chief Executive Officer, John Nava. Prior to forming Big Horn, Mr. Nava spent more than a decade with Halliburton and most recently served as the company’s Regional Business Development Manager in the Permian Basin.
“We are really excited to partner with John and his high-quality team at Big Horn,” said George McCormick, Managing Partner of TPH Partners. “Water usage by E&P companies has obviously increased dramatically over the last several years due to longer horizontal laterals, more fracturing stages and larger volumes per stage, creating the need for experienced water solution providers like Big Horn. The team’s deep relationships and oilfield experience in the Permian Basin were critical to our investment decision and we look forward to growing the business together.”
“We are excited to have found a partner like TPH Partners who can support our growth plans as well as provide valuable industry relationships, expertise and market knowledge to our team.” said John Nava. “We believe that the increased demand for water services combined with our capabilities provides Big Horn with tremendous growth opportunities.”
About TPH Partners II, L.P.
TPH Partners, based in Houston, Texas, is the private equity arm of Tudor, Pickering, Holt & Co., LLC, an integrated energy investment and merchant bank. TPH Partners makes private investments in the upstream, oilfield service and midstream subsectors of the energy industry. For more information on TPH Partners, please visit www.tphpartners.com.
About Big Horn Energy Services