Peak 10 Energy Announces $500 Million Acquisition Finance Facility with U.S. Bank

Detailed summary

Debt Facility Designed to Facilitate Producing Asset Consolidation Strategy, with Long-Term Financing Through Asset-Backed Securities Issuances HOUSTON, Texas, Nov. 12, 2026…

Debt Facility Designed to Facilitate Producing Asset Consolidation Strategy, with Long-Term Financing Through Asset-Backed Securities Issuances

HOUSTON, Texas, Nov. 12, 2026 /PRNewswire/ -- Peak 10 Energy ("Peak 10"), a Houston-based oil and gas company backed by Legacy Star Capital Partners, today announced the establishment of a strategic financing partnership with U.S. Bank, N.A. ("U.S. Bank"). U.S. Bank created an acquisition finance facility that provides Peak 10 with up to $500 million to fund the acquisition of oil and gas asset packages across the United States that are primarily proved developed producing ("PDP").

"This partnership with U.S. Bank represents a transformational step in Peak 10's evolution," said Kyle McQuire, CEO of Peak 10 Energy. "Despite our successful acquisitions to date, there were additional asset packages that we would have been able to capture in 2026 had this facility already been in place. This facility and our commodity hedging relationship with U.S. Bank give us the financial firepower to close acquisitions at a scale that matches the opportunity we see in the market and on a timeline that positions us for success."

"Peak 10 has built an exceptional track record, and this partnership with U.S. Bank is a direct reflection of the quality of the team Kyle has assembled," said Russ Bruno, Managing Director at Legacy Star Capital Partners. "The PDP-focused consolidation strategy, with long-term financing from the ABS market, that Peak 10 is executing is exactly the type of differentiated, long-duration value creation opportunity Legacy Star was built to support, and we are excited about what lies ahead."

"We were pleased to work with Peak 10 to develop a tailored financing solution that supports the company's acquisition strategy and future growth," said William Eustis, Co-Head of Asset-Backed Securities at U.S. Bank.

Petrie Partners originated this transaction and served as financial advisor to Peak 10, Baker Botts served as legal…

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