History of Plantation Petroleum Companies
Plantation Petroleum Corp. (2001-2002)
Plantation Petroleum Corp. was acquired by Tom Meneley in August of 2001 with the intent of it functioning as a “shell” from which to build. It held a small working interest position in a handful of wells. This corporation became the “spring board” to the subsequent LLC entities.
Plantation Petroleum Holdings, LLC (2002-2003)
Plantation Petroleum Holdings, LLC (PPH) was formed in early 2002 by the combined funds of Plantation Petroleum Ventures, LLC, EnCap Investments, LP and Liberty Energy Holdings, LLC.
A syndicated bank group including Bank of Texas, N.A., Comerica Bank and Union Bank of California supplied debt financing to PPH.
On July 17, 2002, PPH closed on the acquisition of Maynard Oil Company of Dallas, Texas. Formerly a public company, Maynard was taken private at closing by PPH, who operated the company under the name of Maynard Oil Company until it was sold to Forest Oil Corp. of Denver, Colorado. The closing date of the sale transaction was December 31, 2003.