In February, 2007 Grenadier Energy Partners, LLC signed a definitive term sheet with two private equity partners with substantial experience in energy investments. Together with management, EnCap Investments, LP, and Kayne Anderson Capital Advisors have committed to fund Grenadier with $100 million of initial equity capital. Closing of this transaction took place on April 20, 2007.


Grenadier’s current banking relationship is with Woodforest National Bank in The Woodlands, Texas. The Company anticipates expanding its banking relationships to include other energy banks as the need to secure additional capital arises, as part of the Company’s growth strategy.