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Home Greenlake Energy Announces Formation of Greenlake Energy II with a Capital Commitment from NGP and Expands Portfolio with Strategic Acquisition in the Delaware Basin

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Greenlake Energy Announces Formation of Greenlake Energy II with a Capital Commitment from NGP and Expands Portfolio with Strategic Acquisition in the Delaware Basin

Distributed by Business Wire6 May 2025

AUSTIN, Texas--(BUSINESS WIRE)--Greenlake Energy is proud to announce the formation of its newest E&P acquisition platform, Greenlake Energy II, LLC (“Greenlake II”), backed by over $200 million in equity commitments from funds managed by NGP Energy Capital Management, LLC (“NGP”) and Greenlake’s management team. Greenlake II is led by current President and CEO, Matt Gallagher, who previously served as the CEO of Parsley Energy until its sale to Pioneer Natural Resources in 2021. The new ca...

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