KEYFACT Energy
Everard Energy
Description
Everard Energy Limited, formerly named HH LAPS Limited, was purchased from Avista Capital Partners in December 2019 by John Martin, Patrick Kennedy, Simon Lunn and Simon Tortike who were the former management team of Hansa Hydrocarbons. HH LAPS was a wholly-owned UK subsidiary of Hansa Hydrocarbons, a private company founded in 2007 to pursue a strategy of developing stranded gas assets in the Southern Permian Basin of NW Europe. Avista Capital Partners provided an initial funding of $100 million in July 2008. In 2013 Hansa Hydrocarbons purchased the interests in the Malory, Lancelot and Guinevere fields from Noble Energy. With the exception of its UK subsidiary (HH LAPS), Hansa Hydrocarbons was sold to Discover Exploration in 2018.
Hansa Hydrocarbons was named after the Hanseatic League, which was a medieval trading alliance founded on the principals of cooperation and with a similar geographical footprint. To continue the Hanseatic theme, the company is named after Edward Everard (1699-1769), who was an important merchant, brewer and Mayor of King’s Lynn in the 18th Century. With the decline of the influence of the Hansa, in 1751 Everard bought the Hanseatic Warehouse in Kings Lynn from the Mayor of Lubeck for £800 and he subsequently largely rebuilt the site in c. 1755. The company logo is a modern, dynamic, reinterpretation of the traditional estoile that appears commonly in heraldry of the time, including featuring in the coat of arms of Edward Everard.
Everard Energy has a strong management team with extensive international oil and gas experience, including over over 50 years of collective experience in the Southern Permian Basin of NW Europe. Working together over this period they have delivered significant value to shareholders including the play opening Ruby (N05-1) gas discovery in the Netherlands.