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- Sabalo Energy
Sabalo Energy Acquisition, Valuation, Funding & Investors
Sabalo Energy was acquired by Vital Energy for $715M in May 2021.
Sabalo Energy acquisition price
$715M
Acquired by Vital Energy · May 2021
Cumulative funding Sabalo Energy raised
$300M
across 1 funding round
Key investors in Sabalo Energy
EnCap Investments
About Sabalo Energy
Sabalo Energy is a privately held exploration and production company investing in oil and gas assets. Headquartered in Corpus Christi, Texas, it develops properties with partnerships among service providers, E&P firms, and financial backers via sabaloenergy.com.
Founded
2014
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$715M (acquired May 2021)
Sectors
Sabalo Energy Acquisition
Sabalo Energy was acquired by Vital Energy for $715M on 9 May 2021.
Before the acquisition Sabalo Energy had raised $300M across 1 funding round.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 9 May 2021 | Strategic M&A | $715M |
Sabalo Energy Funding History
Sabalo Energy has raised a total of $300M across 1 funding round.
Sabalo Energy funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2021 | Undisclosed stage | EnCap Investments (lead) | $300M | Sabalo Energy II, LLC, led by President Barry K. Clark, is an upstream exploration and production company focused on acquiring and developing large-scale unconventional oil and gas assets in premier U.S. basins to generate significant cash flow. On September 22, 2021, it closed an initial $300 million equity commitment from EnCap Investments L.P., a provider of growth capital to the U.S. energy sector's independent players. This follows their prior partnership where the Sabalo team acquired over 21,000 net acres in the Midland Basin, grew production to 14,500 Boe/d, and sold those assets to Laredo Petroleum on July 1, 2021, for $715 million in cash and stock. The prior Sabalo Energy entity, also backed by EnCap, demonstrated value creation by building and divesting large-scale asset packages in key development areas like the Midland Basin's Howard County. Laredo Petroleum's acquisition closed with aggregate consideration of $606 million in cash and 2.507 million shares after adjustments, adding oil-weighted leasehold and 14,500 Boe/d production from 21,000 contiguous net acres estimated to hold 30 million Boe P2P reserves. Initial announcements valued the deal around $640-715 million including cash and equity components. EnCap's renewed commitment underscores confidence in the Sabalo team's track record across market cycles, operational expertise in oil and gas basins, and ability to leverage past technological learnings for stakeholder returns with ESG focus. Legal counsel included Vinson & Elkins for EnCap and Bracewell for Sabalo. |
Who has invested in Sabalo Energy?
1 investor has backed Sabalo Energy across its funding rounds, including EnCap Investments.
Lead investors include EnCap Investments.
Sabalo Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Sabalo Energy investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSabalo Energy Competitors
Sabalo Energy competitors include listed companies like Hallador Energy, Liaoning Energy Industry, GeoPark and Vitesse Energy, and private ones like Petronas (50% stake in two Brazil offshore fields) and PURE Technologies LLC.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $469M | $99M | $715M | 1.6x | ||
| Publicly listed | $699M | $83M | $723M | - | ||
| Publicly listed | $493M | $208M | $724M | 1.9x | ||
| Publicly listed | $274M | $175M | $747M | 3.1x | ||
| Private | - | - | $900M | - | ||
| Private | $92M | $15M | $397M | 4.3x |
Sabalo Energy Public Comps
Sabalo Energy is no longer listed, but its public comps include Hallador Energy, Liaoning Energy Industry, GeoPark, Vitesse Energy, IsoEnergy, Naphtha Israel Petroleum, Viridien, EnQuest, VAALCO Energy and WhiteHawk Minerals.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $469M | $99M | 1.6x | 1.6x | 7.4x | 14.7x | |||
| $699M | $83M | 1.3x | - | 10.8x | - | |||
| $493M | $208M | 2.1x | 1.9x | 5.0x | 3.5x | |||
| $274M | $175M | 3.3x | 3.1x | 5.2x | 5.6x | |||
| - | ($4M) | - | - | (145.4x) | (49.0x) | |||
| $812M | $280M | 1.9x | - | 5.4x | - | |||
| $1.1B | $272M | 1.6x | 1.5x | 6.1x | 3.4x | |||
| $1.1B | $894M | 1.4x | 1.3x | 1.7x | 2.5x | |||
This data is available for Pro users. Sign up to see all Sabalo Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sabalo Energy
| When was Sabalo Energy founded? | Sabalo Energy was founded in 2014. |
| Where is Sabalo Energy headquartered? | Sabalo Energy is headquartered in Corpus Christi, TX, United States. |
| Is Sabalo Energy publicly listed? | No, Sabalo Energy was acquired by Vital Energy in May 2021. |
| Who acquired Sabalo Energy? | Sabalo Energy was acquired by Vital Energy in May 2021. |
| How much was Sabalo Energy acquired for? | Sabalo Energy was acquired for $715M in May 2021. |
| How much funding has Sabalo Energy raised? | Sabalo Energy has raised $300M across 1 funding round. |
| What was Sabalo Energy's last funding round? | Sabalo Energy's last funding round was a $300M undisclosed-stage round in September 2021, led by EnCap Investments. |
| Who are Sabalo Energy's investors? | Sabalo Energy's investors include EnCap Investments. |
| Which companies are comparable to Sabalo Energy? | Companies comparable to Sabalo Energy include Hallador Energy, Liaoning Energy Industry, GeoPark, Vitesse Energy, Petronas (50% stake in two Brazil offshore fields) and PURE Technologies LLC. |
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