Chiron Financial LLC served as investment banker to Pitchfork Cattle Company LLC (known as "Pitchfork Ranch") in the sale of substantially all of its assets to a large oil and gas company with operations in the region. The ranch operations included their oilfield fracking water supply and disposal operations.
Pitchfork Ranch covers approximately 30,000 acres in southern Lea County, NM, in the core of the New Mexico Delaware Basin, one of the most active oil and gas development areas in the world. It derives revenue from the water supply in support of the oilfield fracking, disposal of both frack water and produced water, as well as sales of caliche for road and drilling pad construction, landfills, wellsite access, and locations for logistical support of drilling operations.
Chiron team members included Managing Director Scott W. Johnson and Vice President Colby Gibbins.
About Chiron Financial LLC
Chiron Financial LLC is an investment banking firm that arranges private placements of debt and equity capital as well as mergers, acquisitions and sales for middle market companies. We raise start-up capital and growth capital, and assist with refinancing, financial restructuring, and other special situations. Chiron’s clients have included companies in oil and gas, oil service and equipment, midstream and downstream energy, power, building products, basic materials, health care, real estate, retailing, light and heavy manufacturing, and non-profits.