Blackjack Natural Resources Secures Equity Commitment
Deal News | Jul 17, 2025 | Pearl Energy Investments
Blackjack Natural Resources, LLC, a newly established upstream oil and gas company headquartered in Oklahoma City, has secured an equity commitment from Pearl Energy Investments and its management team. Blackjack aims to explore upstream investment opportunities focusing on the greater Mid-Continent region. The founding partners Jeff Wampler, Andrew Haraway, and Grant Sykes, who all previously worked together at 89 Energy, bring extensive experience in oil and gas, covering engineering, finance, and operations. Andrew Haraway, Co-CEO of Blackjack, expressed excitement about combining Pearl's financial expertise with Blackjack's skillset to execute its investment strategy. Pearl's Partner, Steven Cobb, emphasized the unique investment perspective of Blackjack's team for the Mid-Continent region. Legal advice in the formation of Blackjack was provided by Haynes and Boone, LLP for Blackjack, and Willkie, Farr & Gallagher, LLP for Pearl.
Sectors
- Oil and Gas
- Private Equity
Geography
- United States – Both Blackjack Natural Resources and Pearl Energy Investments are based in the United States, specifically focusing on opportunities in the Mid-Continent region.
- Oklahoma – Blackjack Natural Resources is headquartered in Oklahoma City, indicating a primary geographical focus.
Industry
- Oil and Gas – The article involves companies engaged in the upstream oil and gas sector, focusing on exploration and production services.
- Private Equity – Pearl Energy Investments' involvement as a financial backer classifies the article under the Private Equity sector.
Financials
- Equity Commitment – Financial backing provided by Pearl Energy Investments to Blackjack Natural Resources
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blackjack Natural Resources, LLC | Target Company | Company | A newly formed upstream oil and gas company exploring opportunities in the Mid-Continent region. |
| Pearl Energy Investments | Bidding Company/Financial Backer | Company | A private equity firm providing financial backing to Blackjack Natural Resources. |
| Jeff Wampler | Co-CEO | Person | Co-CEO of Blackjack Natural Resources, previously involved with 89 Energy. |
| Andrew Haraway | Co-CEO | Person | Co-CEO of Blackjack Natural Resources, previously involved with 89 Energy. |
| Grant Sykes | EVP, Operations | Person | Executive Vice President of Operations at Blackjack Natural Resources, with past experience at 89 Energy. |
| Steven Cobb | Partner | Person | Partner at Pearl Energy Investments. |
| Haynes and Boone, LLP | Legal Advisor to Blackjack | Company | Legal advisory firm for Blackjack in the formation process. |
| Willkie, Farr & Gallagher, LLP | Legal Advisor to Pearl | Company | Legal advisory firm for Pearl Energy Investments in the formation process. |