Indianola Energy upstream strategy earns $100 million equity commitment

HOUSTON - Indianola Energy announced a $100 million equity commitment from members of the management team and Kayne Anderson Energy Fund VIII, L.P. Indianola is being formed to pursue a new upstream strategy designed to provide both capital and an industry-leading execution team to help producers accelerate value on undeveloped acreage in highly-proven resource plays across North America.

“We believe the Indianola business model is well-suited to capture compelling opportunities in today’s environment and are thrilled to be establishing this platform with this team.”

The Indianola management team is led by Chapman Amend and Todd Burgamy. Amend started his career at El Paso E&P ,and subsequently built and led operations teams for two private oil and gas companies. Burgamy previously worked as an investment professional in the energy private equity group of Kayne Anderson, where he was involved in upstream and midstream investments across Kayne Anderson’s portfolio.

Amend commented, “We are excited to partner with Kayne Anderson to deploy our strategy, which is centered on operations and execution capabilities. As the market has shifted to placing a preference on living within cash flow, we believe Indianola’s strategy is helpful to the industry today by providing creative solutions to offer value for non-producing assets in highly proven basins. Indianola will seek to implement this strategy through both outright acquisitions and partnership structures designed to accelerate value for operators.”