Energy Domain — a tech-enabled online marketplace that integrates data, analytics and alerts to improve the way oil and gas properties are bought, sold and leased — has formed a partnership with Palace Road Partners, to serve as an outsourced valuation team for shared clients, providing investment banking–level service with improved efficiency at greatly reduced costs for deals valued between $5 million and $100 million or more.
“Now that we are facilitating larger transactions, we need to offer additional services to buyers and sellers with deals in the $5 million to $100 million range and beyond,” said Ben Heinzelmann, Energy Domain CEO. “High-value deals benefit from investment bank–grade underwriting, marketing and advisory services, but keeping investment bankers on retainer is not cost effective for many of our clients. Instead, many depend on the legacy advisory firms that charge a significant upfront retainer fee, which can also be cost-prohibitive. We b