Houlihan Lokey Advises Ares Energy

Houlihan Lokey is pleased to announce that Ares Energy (Ares) has agreed to sell interests in its Pradera Fuego Permian oil and gas assets to FireBird Energy II LLC (FireBird). Pradera Fuego, LP (Pradera Fuego) is a Texas limited partnership owned and operated by Ares Energy, LTD.

Ares is a privately owned upstream oil and gas company headquartered in Midland, Texas, targeting exploration and development of the Barnett/Woodford zones in Ector County, Texas. The company has delivered peer-leading well results in an increasingly active play in the Central Basin Platform of the Permian Basin.

FireBird is an upstream oil and gas company based in Fort Worth, Texas, with equity backing from Quantum Capital Group (Quantum). FireBird was formed following the sale of FireBird Energy LLC to Diamondback Energy in 2022. Quantum is a leading provider of private capital to the global energy and energy transition industry, having managed together with its affiliates more than $32 billion in equity commitments since inception.

The targeted marketing process generated robust interest from a broad range of buyers, including both offset strategics and private-equity-backed operators.

Houlihan Lokey advised Ares in all aspects of marketing, structuring, and negotiating the transaction.

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