LEADING THE WAY IN THE OIL & GAS INDUSTRY OF TOMORROW
Funds managed by Blackstone and Jay Still formed Guidon in April of 2016 with the intent of building a significant independent shale development company focused on the Midland Basin. Guidon and Blackstone Energy Partners recently announced their first acquisition of approximately 22,000 gross acres (16,000 net acres) in the core of the Midland Basin. Guidon continues to make accretive acquisitions.
Guidon’s objective is to optimally develop its leasehold through manufacturing styled horizontal well development. By capitalizing on the team’s unique operational excellence, track record, and capital resources, Guidon expects to continue to grow its acreage position and to drive best-in-class well results while maintaining a strong health, safety and environmental culture.
ABOUT BLACKSTONE
Blackstone Energy Partners is Blackstone’s energy-focused private equity business, with a successful record built on our industry expertise and partnerships with exceptional management teams. Blackstone has invested approximately $11 billion of equity globally across a broad range of sectors within the energy industry.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $360 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.
GUIDON - MEANING OF THE NAME
Guidon (guide-on): In the United States Army, Navy, Marine Corps, Coast Guard and Air Force, a guidon is a military standard that company or platoon-sized elements carry to signify their unit designation and corps affiliation. A basic guidon can be rectangular, but sometimes has a triangular portion removed from the flag (known as “swallow-tailed”).
The significance and importance of the guidon is that it represents the unit and its commanding officer. When the commander is in, his or her guidon is displayed for everyone to see. When the commander leaves for the day, the guidon is taken down. It is an honor to be the guidon carrier for a unit, known as a “guidon bearer” or “guide”. He or she stands in front of the unit alongside of the commander (or the commander’s representative), and is the rallying point for troops to fall into formation when the order is given. In drill and ceremonies, the guidon and commander are always in front of the formation.
The name represents the culture of our company; unity, comradery and esprit de corps. The company strives to lead the way in the oil and gas industry of tomorrow.
