By Mari Nicholson, January 25, 2026

Waveland Energy Partners LLC – a private investment sponsor with 25 years of experience in the American energy sector – through its affiliate Waveland Bakken Holdings, has completed the sale of certain core Williston Basin non-operated working interest assets to Wellspring Energy Resources, and mineral interest assets to Mesa Minerals Partners, each a portfolio company of global private equity firm, NGP Energy Capital.

“This transaction reflects our continued focus on disciplined portfolio management and value realization,” said Vickie Greer, chief executive officer of Waveland Energy.

The transaction was completed at the end of 2025, and financial terms were not disclosed.

The assets were part of several Waveland funds: Waveland Resource Partners II, LP; Waveland Resource Partners III, LP; Waveland Resource Partners IV, LP; and Waveland Resource Partners V, LP. For each of those offerings, the objective is to deliver attractive, risk-adjusted returns by co-investing alongside experienced energy partners in drilling programs focused on proven domestic oil and gas reserves.

“The sale enabled us to return capital to our investors while crystallizing value from mature, non-operated assets, consistent with our objective of delivering strong cash yields and attractive, tax-advantaged outcomes across market cycles,” added Greer.

Stephens Inc. served as exclusive financial adviser to Waveland Energy Partners in connection with the transaction.

Waveland Energy Partners is a private investment sponsor with a record of delivering consistent income and long-term capital growth through direct ownership of American energy assets operated by leading oil and gas companies.

Despite a favorable environment for the oil and gas sector under the Trump administration – driven in part by expanded drilling permits and a massive expansion of liquid natural gas exports from the United States due to geopolitical events like the Russia-Ukraine war – the investment case for energy must be clear and paramount. During a fall 2025 webinar hosted by AltsWire, Adam Dooley, president of Waveland Capital Partners and an active sponsor of oil and gas investment programs, noted that while policy changes like that of the current landscape create “big tailwinds” and improve market access by reducing bottlenecks, they ultimately “adjust the map, but not the mission” of investment. Watch the webinar.

For more Waveland news, visit their directory page.

Continue reading here: AltsWire