HighPeak Energy Secured $450 Million Investment

The Fort Worth-based firm reached a deal with Indonesian investors to bolster its balance sheet and Permian Basin assets.

Updated on Oct. 6, 2026 in Oil and Gas

Isometric editorial illustration of an industrial pumpjack, representing the energy sector infrastructure mentioned in the report. — HighPeak Energy has finalized a $450 million investment deal and an $800 million credit facility to restructure debt and expand Permian Basin operations. AI Illustration. Upload story photo >

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HighPeak Energy has secured a $450 million investment from Danantara and Energi Mega Persada to help refinance its debt and expand operations. The company also entered into a new $800 million credit facility with Citibank and Fifth Third Bank.

Why it matters

The capital injection allows the company to retire a $1.17 billion term loan while providing international investors with exposure to domestic energy assets. HighPeak plans to utilize the funds to further develop its holdings in the Permian Basin.

The deal involves the issuance of 450,000 Series A 6% Perpetual Convertible Preferred Shares at $1,000 each. The initial 6% annual dividend rate is set to scale up to 7.5% between the second and fifth years.

The players

HighPeak Energy

This independent oil and natural gas company is headquartered in Fort Worth, Texas, and focuses on developing resources in the Permian Basin.

Citibank

This multinational financial services corporation is acting as a lender in the new $800 million reserve-based credit facility.

Fifth Third Bank

This diversified financial services company is participating as a lender in the new debt facility secured by HighPeak Energy.

The details

HighPeak Energy headquartered in Fort Worth intends to use the combined equity and debt proceeds to restructure its balance sheet. PT Danantara Energy International and PT Tunas Harapan Perkasa will each gain the right to appoint one individual to the company's board as part of the agreement.

October 6, 2026: HighPeak Energy filed an 8-K form detailing the transaction.
2025: The Permian Basin accounted for 48% of all oil production in the United States.
Q4 2026: The investment transaction is expected to officially close.
Year 3: HighPeak becomes eligible to redeem the issued preferred shares.
Year 5: The dividend rate on preferred shares increases to 10%.

Market Landscape

This move reflects the ongoing trend where major Permian Basin assets remain the focal point for international investors looking to tap into US energy production. By securing these partnerships, HighPeak aligns itself with foreign capital to maintain competitiveness against larger domestic rivals.

For customers and stakeholders, this refinancing signals a move toward long-term operational stability for the Fort Worth-based firm. The partnership also includes plans for worker training programs, potentially impacting future labor development in the sector.

The takeaway

The deal underscores how capital-intensive energy firms increasingly turn to preferred equity to balance their books without diluting common shareholders. Investors should monitor how the addition of board members from Indonesian firms influences the long-term strategic direction of the company.