TEXAS SHALE
NEWS
IRVING, Texas--(BUSINESS WIRE)-Natural Gas Partners, through its most re-
port so that oilfield services professionals can build
cent fund, NGP Natural Resources X, L.P.,
companies in their areas of expertise, without devoting
and NGP Energy Technology Partners II,
precious time and resources establishing the 'back of-
L.P. (collectively “NGP”) have made a sig-
fice.' Catapult will enable Affiliate CEOs to focus on the
nificant capital commitment to establish The
activities that are most crucial to the success of their
Catapult Group (“Catapult”). Catapult in-
business, such as corporate strategy, procuring equip-
vests primarily in start-up oilfield services
ment, securing and servicing customers, hiring employ-
companies (“Affiliates”) established by ex-
ees, managing vendors, etc. As the name implies,
perienced, entrepreneurial managers.
Catapult is able to launch entrepreneurs into business
quickly and efficiently with minimal back-office effort
“Catapult will be an attractive venue for
Picture taken by: Philip Wade Permian Basin Petroleum Museum
on the part of the entrepreneurial teams.”
oilfield services managers to pursue their
entrepreneurial ambitions in the same
manner that the E&P community has
By providing these services and resources, Catapult
“Catapult will be an attractive venue for oilfield services
allows the senior management of its Affiliate companies
managers to pursue their entrepreneurial ambitions in
to place their primary focus on what matters most in op-
the same manner that the E&P community has been
erating their company, particularly their customers, em-
building companies with NGP for decades,” said Ken-
ployees, services, equipment and safety.
neth A. Hersh, CEO of NGP Energy Capital Manage-
been building companies with NGP for
decades”
In addition to providing startup capital to
ment. Phil Deutch, Managing Partner of NGP Energy
Affiliates to fund general overhead and capital expenditures, Catapult will provide back-
Catapult is led by Gregory D. Laake, an experienced oil-
office services such as systems and consult-
field services executive with a track record of adding
ing in accounting, finance, human resources,
value in the oilfield services sector. Mr. Laake has a suc-
IT, legal, HSE and risk management services. These services help accelerate th R?V?6???bF?R'W6??W72?B6W'fR2&W6?W&6RF???6W76gV?&6?w&?V?BFWfV????r?B??v??r&6???b??FV6?????w?'F?W'2?FFVB?( ?vR????f?'v&BF?v?&???rv?F?w&Vr?B6FV?N( ?2ff??FR4T?2F???G&?GV6R&W7B???6?72&?GV7G2?B6W'f?6W2F?F?R???bv0???GW7G'??( ??f?6R??g&7G'V7GW&RFW6?v?VBF?V???6RF?R6&??F?W0??b???f?V?B6W'f?6W2?W&F???2?&??"F???????r6FV?B???F?FFR?6FV?B?2gV?FVBW?W&?V?6VB??vV?V?@????W2?6FV?B?6?&?f?FW2&?&B??WfV????"???R6W'fVB26??Vbf???6???ff?6W"?BF?&V2??FV?2F?'V??BvV??FW7F??r6?????B6???VBGV"??7W?'BF?&?Vv??WBF?R?fR?bF?Rff??FR???F?"?b5$2?Wf?2?V??R??FW&?F??????2????u ????r6W'f?6R6??????6??6FV?B6??F??VW2F?'V??@???WfW&v??r?fb?bF?RW?W&?V?6R?B???v???7??6?&VB6????v??6?v26??BF?7F??W?&?6?`???WBFV??bf???6???66?V?F??r??2dR??B??f?&???VFvR?bF?R6FV?BFV???F?W"ff??FW0??FV6?W"6????#?&??"F?5$2?Wf?2??"???P??F???FV6?????w??VFW'2F?&?f?FR7W?'B6W'f?6W2?@???B?u??V?Bf???6??&??W2B?F???????vV??f&6??vVF?W"??wV?F?6RF?W??7F??r?BgWGW&R6FV?Bff??FW2?76?7Bff??FW2??F?Rw&?wF??bF?V?"6????f?&B??FW&?F?????V?FW'&?B66??V?&W&vW"?( ??W?G&V?V??V6VBF??VBF??2????fF?fR?ufV?GW&R?( ??6??F7G0??6?B?"???R?( ?6FV?B?2vV????6?F???VBF?'F?W ??6FV?BV?W&w?6W'f?6W2w&?W???0??v?F?V?G&W&V?WW&??????FVB???f?V?B6W'f?6W2&?fW2??w&Vv?'?B???R??3"?cR?3cc ??6????26?F?BF?W?v????fRF?R??v?W7B6??6R?b7V2???GW&?v2'F?W'0??6W72v?F?F?V?"?Wv?W7F&?6?VB6????W2??W"v???0??F??V?v??F???s2?Ss??Ss#P??F?&?f?FRf?'7B?6?72?&?6W72?G&?fV?7?7FV?2?B7W???uV?W&w?FV6?????w?'F?W'0??6?V??T&?W&vV??2?SB?S?b?3?C???`??GfW'F?6??r6??#??S2?#0???