Jetta Permian, LP (“Jetta Permian”) is a partnership between an affiliate of Jetta Operating Company, Inc. (“Jetta”) headquartered in Fort Worth, Texas and funds managed by Blackstone Energy Partners L.P. (“Blackstone”). Jetta Permian will target assets and leasehold in the Delaware Basin located in West Texas and southern New Mexico with $1.0 billion of capital committed from Blackstone and Jetta’s partners.
Blackstone Energy Partners is Blackstone’s energy-focused private equity business, with a successful record built on our industry expertise and partnerships with exceptional management
teams. Blackstone has invested over $9 billion of equity globally across a broad range of sectors within the energy industry.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $350 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
Jetta Operating Company, Inc. (“Jetta”) is a privately held oil and gas company founded in 1991 and headquartered in Fort Worth, Texas. Since its founding, Jetta has been involved in over 30 acquisitions and built a quality management and technical team focused on maintaining and growing reserves by exploiting opportunities determined from detailed reservoir analysis and through the drill bit. Jetta has been an active participant in the recent growth of the Delaware Basin, developing the Delaware interval, Bone Spring and Wolfcamp reservoirs. Since acquiring its first leasehold in the Basin in 2003, Jetta has drilled approximately 150 wells, both horizontal and vertical, in the Delaware along with the build out of the associated midstream gathering systems.