Tennor Global Acquires 65% Stake in Alpha Energy's International Expansion

Houston-based Alpha Energy has established Alpha Energy International to spearhead its global expansion, selling a 65% stake to Tennor Global LLC. With a $500 million funding facility from Tennor, the new company will target acquisitions in mature oil fields in countries like Venezuela.

Alpha Energy International will oversee Alpha's international operations, focusing on enhancing existing fields. Tennor's role as majority stakeholder includes leveraging its relationships within target countries to facilitate operations.

Alpha's leadership, with extensive experience, aims to apply their technical expertise to improve productivity from legacy fields. This strategic partnership aims to create an international oil company that maximizes existing resources.