Petrie Partners
Petrie Partners is a private energy-focused investment banking firm providing M&A advisory, strategic advisory, and financing services to public, private, and sovereign energy companies. Founded in 2006, the Houston-based firm has advised on transactions exceeding $250 billion in aggregate value.
- Company typePrivate
- Founded2006
- HeadquartersDenver, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Petrie Partners does
Petrie Partners is a private investment banking advisory firm founded in 2006 that provides mergers and acquisitions, acquisitions and divestitures, strategic advisory, and financing services exclusively to public, private, and sovereign energy companies. The firm is co-led by Jon Hughes (Chairman and CEO) and Mike Bock (President and CFO), supported by Vice Chairman Jim Rogers and a small senior team totaling 11-50 employees across offices in Houston (headquarters) and Denver. The firm's service offering spans public company combinations, mergers of equals, asset transactions, private placements, drilling joint ventures, IPOs, project finance, fairness opinions, valuation opinions, and special committee assignments, with stated cumulative activity of more than $20 billion raised through financings and senior-leadership aggregate advised transaction value exceeding $250 billion. Notable engagements include advising Pioneer Natural Resources on its $65 billion all-stock merger with ExxonMobil (the largest upstream transaction of the 21st century), Civitas Resources on its $12.8 billion merger with SM Energy, California Resources on its merger with Berry Corporation, and various energy-transition mandates including CCS, helium, and hydrogen projects.
Petrie Partners firmographics
Firmographics- Name
- Petrie Partners
- Legal name
- Petrie Partners
- Website
- https://petrie.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Petrie Partners is a private energy-focused investment banking firm providing M&A advisory, strategic advisory, and financing services to public, private, and sovereign energy companies. Founded in 2006, the Houston-based firm has advised on transactions exceeding $250 billion in aggregate value.
- Ownership category
- akta.pro rank
Petrie Partners industry classification
Industry- Product category
- Energy Investment Banking
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC)
- akta.pro secondary industries
- Public & PIPE Capital Raising Intermediation (IPO Follow-ons/Convertibles/PIPES) (FSAEALAL), Strategic Partnerships, Alliances & JVs Advisory (BPAHADAI)
Keywords
Where Petrie Partners is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Petrie Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Strategic Advisory Services: The firm provides advisory services including fairness opinions, valuation opinions, special committee assignments, and strategic consulting to energy companies of all sizes. Revenue is generated through advisory fees associated with these engagements.
- M&A and Transaction Advisory: The firm advises on public company combinations, public/private consolidations, and mergers of equals, generating success-based fees upon transaction completion. The team has experience across the full transaction lifecycle from initial advisory through closing.
- Financing Services: Petrie has raised more than $20 billion through private placements, drilling joint ventures, and IPOs. The firm generates fees from capital raise advisory, project financing, and arranging drilling joint ventures for energy clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom advisory engagement pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Petrie Partners product offering
Product offeringCore offering
Petrie Partners is an investment banking advisory firm that provides specialized advice on mergers, acquisitions, divestitures, asset transactions, financings, and valuations to public, private, and sovereign energy companies. Core service lines include Mergers Advisory, Acquisitions & Divestitures, Strategic Advisory (including fairness and valuation opinions and special committee assignments), and Financings (private placements, drilling joint ventures, and IPOs). The senior team has advised clients in more than 200 successful energy transactions with aggregate value exceeding $250 billion and has raised more than $20 billion through private placements, drilling joint ventures, and IPOs.
Product overview
Petrie Partners is a strategic advisory firm specializing in investment banking services for the energy industry. The firm operates as a single, unified advisory service rather than a platform with modular products. Its core service lines—Mergers Advisory, Acquisitions & Divestitures, Strategic Advisory, and Financings—work together to serve clients across the full spectrum of M&A, asset transactions, and capital raising. The firm serves public, private, and sovereign energy entities, advising on both traditional oil and gas and emerging energy transition sectors including carbon capture and storage (CCS), battery storage, and hydrogen.
Differentiator
Problem solved
Functional benefit
Products and services
- Mergers Advisory Advisory services on public company combinations, public/private consolidations, and mergers of equals, delivered by a team of investment bankers and technical personnel. Targeted at boards of directors, management teams, and key decision-makers of energy industry clients.
- Acquisitions & Divestitures Advisory on operated and non-operated asset transactions, including structured non-op deals such as drilling joint ventures, large-scale farm-ins, and alternative financing structures. For energy industry buyers, sellers, and joint venture partners on individual asset and corporate-level A&D mandates.
- Strategic Advisory Independent advice on strategic options for boards of directors, special committee assignments, fairness and valuation opinions, and international energy initiatives. For boards, special committees, and senior decision-makers at public, private, and sovereign energy companies.
- Financings Capital raising services including private placements, drilling joint ventures, initial public offerings (IPOs), and project finance for natural resources companies. The team has raised more than $20 billion through these instruments across traditional oil and gas and emerging energy transition sectors (carbon sequestration, battery storage, hydrogen).
Quantifiable outcome
- Over $250 billion in aggregate transaction value advised by senior leadership
- +2 more outcomes
Companies that use Petrie Partners
Customer profileNamed customers21 records
Segments3 records
Ideal customer profiles3 records
Petrie Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Petrie Partners partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Warwick Investment GroupcoreWarwick Investment Group formed a $150MM development joint venture with CPX Energy for drilling in the Delaware Basin. Drilling commenced immediately and is expected to continue for 12-18 months. Petrie advised CPX on this transaction.
- JapexcoreJapex provided strategic investment to Blue Spruce for development of a large helium deposit and related CCUS facility in Wyoming. The project offsets ExxonMobil's Shute Creek helium deposit and CCS facility. Petrie advised Blue Spruce on this placement.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Petrie Partners competitors and assessment
Company assessmentDirect peers
- Tudor, Pickering, Holt & Co. Houston-based energy-focused boutique investment bank and capital markets advisor. Direct competitor to Petrie Partners in upstream oil and gas M&A advisory and equity research, sharing a similar boutique model and senior-led engagement approach.
- Simmons Energy (Piper Sandler): Energy-focused boutique advisory franchise founded in Houston and now part of Piper Sandler. Competes directly with Petrie on upstream M&A, A&D, and energy capital markets mandates, and shares a senior-team-led service model.
Broad incumbents
- Jefferies Energy Group: Energy investment banking practice within Jefferies, a global investment bank. Competes with Petrie on upstream and midstream M&A, where several Petrie alumni (e.g., Austin Hughes) previously worked.
- Greenhill & Co. Independent global advisory firm that previously ran a Houston energy practice led by Jim Rogers before he joined Petrie. Competes with Petrie on M&A and special committee assignments in energy.
- Deutsche Bank Energy Investment Banking: Global bank where Jim Rogers led North American Energy Investment Banking before moving to Petrie Partners. Bulge-bracket competitor offering balance-sheet financing alongside M&A advice.
- RBC Capital Markets Energy: Energy investment banking practice of Royal Bank of Canada with strong North American upstream coverage. Competes with Petrie on oil and gas M&A and equity offerings.
- Guggenheim Securities Energy & Power: Investment banking advisory business with an energy and power practice that competes with Petrie on upstream and midstream transactions, including financings and M&A.
- Lazard Energy: Global advisory firm with a dedicated energy practice handling upstream, midstream, and energy transition M&A. Competes with Petrie for premium M&A and strategic advisory mandates.
- Centerview Partners: Independent advisory firm active in large-cap energy M&A and special committee assignments. Competes with Petrie on premium energy transactions where independent, conflict-free advice is valued.
- Moelis & Company Energy: Global independent advisory firm with an active energy practice. Competes with Petrie on upstream M&A, capital raises, and special committee mandates for public and private energy companies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Petrie Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Petrie Partners leadership team
Management profileNumber of profiles
Profiles6 records
Petrie Partners subsidiaries and ownership
Company hierarchySubsidiaries1 record
Petrie Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Petrie Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Petrie Partners
What does Petrie Partners do?
Petrie Partners is an investment banking advisory firm that provides specialized advice on mergers, acquisitions, divestitures, asset transactions, financings, and valuations to public, private, and sovereign energy companies. Core service lines include Mergers Advisory, Acquisitions & Divestitures, Strategic Advisory (including fairness and valuation opinions and special committee assignments), and Financings (private placements, drilling joint ventures, and IPOs). The senior team has advised clients in more than 200 successful energy transactions with aggregate value exceeding $250 billion and has raised more than $20 billion through private placements, drilling joint ventures, and IPOs.
Is Petrie Partners a public or private company?
Petrie Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Petrie Partners founded?
Petrie Partners was founded in 2006. It employs 11 to 50 people.
Where is Petrie Partners based?
Petrie Partners is headquartered in Denver, United States, in the North America region.
How does Petrie Partners make money?
Three revenue lines are on record. Strategic Advisory Services are the primary driver. The others are M&A and Transaction Advisory and financing Services.
Who are Petrie Partners's main competitors?
Direct peers on record are Tudor, Pickering, Holt & Co. and Simmons Energy (Piper Sandler). Broad incumbents are Jefferies Energy Group, Greenhill & Co., Deutsche Bank Energy Investment Banking, RBC Capital Markets Energy, Guggenheim Securities Energy & Power, Lazard Energy, Centerview Partners and Moelis & Company Energy.
Does Petrie Partners have an API?
No public API is recorded for Petrie Partners.
What industry is Petrie Partners in?
Petrie Partners's product category is Energy Investment Banking. Its primary akta.pro industry code is FSAEAGAC, Capital Raising Advisory (Equity & Equity-Linked), with a secondary code of FSAEALAL, Public & PIPE Capital Raising Intermediation (IPO Follow-ons/Convertibles/PIPES). Its SIC code is 6211.