Danantara invests $250m in US oil producer HighPeak Energy
Indonesia’s publicly listed firm PT Energi Mega Persada, part of the Bakrie Group conglomerate, also joined the deal with a $200 million investment, bringing the total investment in the US company to $450 million.
Indonesia's publicly listed firm PT Energi Mega Persada, part of the Bakrie Group, has joined a $250 million investment in U.S. oil producer HighPeak Energy Inc. by PT Energi Mega Persada, part of the Bakrie Group, has joined a $250 million investment in U.S. oil producer HighPeak Energy Inc. by Danantara investment fund, marking a significant expansion of the company's global energy portfolio.
The investment, facilitated through Danantara Investment Management, will provide strategic access to HighPeak's oil assets in the Permian Basin, the largest oil-producing region in the U.S. PT Energi Mega Persada's $200 million contribution brings the total investment in HighPeak to $450 million, with the funds aimed at strengthening the company's financial position to support ongoing development and expansion of its drilling program.
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