Pacific Petroleum Completes Acquisition of U.S. Oil & Gas Assets from a portfolio company of a prominent private equity group

ANACORTES, Wash., July 24, 2025 /PRNewswire/ -- Pacific Petroleum Operating, LLC ("Pacific Petroleum"), a fund of Pacific Bays Capital, announced the completion on June 11, 2025 of its acquisition alongside its business associate VCP Operating, LLC of a portfolio of oil producing assets located in Wyoming from a portfolio company of a prominent private equity group, for a total purchase price of $9.65 million USD.

This acquisition by Pacific Petroleum Holdings, LP, a Delaware-based investment vehicle was backed by institutional investors from Japan. The structure for Pacific Petroleum leverages a U.S. tax blocker (Pacific Petroleum Blocker, LLC) to facilitate cross-border efficiency for its overseas investors. Pacific Petroleum Management, LLC serves as the general partner for Pacific Petroleum. Field operations will be managed by VCP Wyoming, LLC, an affiliate of VCP Operating and a subsidiary of VCP Michigan, a proven operator with experience in Michigan, Texas, and multiple North American basins.

The acquired assets span multiple actively producing fields, including the Hunt, Rose Creek, Shoshone North, and West Oregon Basin fields. The properties are characterized by stable base production, low decline rates, and near-term optimization opportunities.

Future Technology Integration Plan
Pacific Petroleum's acquisition framework benefits from the expertise of Koji Muto, General Partner of Pacific Petroleum Management, LLC, and Geoff Masaaki Ayres, CEO of O-DE Capital Partners (Hong Kong), who jointly oversee the fund's cross-border capital structuring and long-term digital innovation initiatives. O-DE Capital, a specialist in Web3 and fintech-enabled asset management, is advising on the potential integration of next-generation technologies—including real-world asset (RWA) tokenization—to enhance operational transparency and investor liquidity.

Comments from Stakeholders
Jason Nye, Managing Director of Pacific Petroleum Management, LLC, stated:
"We are proud to have completed this strategic acquisition that represents a major step forward in our U.S. energy investment strategy. Together with a strong and experienced business associate in VCP Operating, we aim to deliver sustainable value and dependable returns."

Toby Darden, Founder of VCP Operating, LLC, commented:
"VCP brings over three decades of field-level operational experience. We are excited to collaborate with Pacific and leverage our on-the-ground capabilities to unlock further value from this portfolio."

Koji Muto, General Partner of Pacific Bays Capital/ Director of O-DE Capital, commented:
"This fund represents the 'stability' component of Pacific Bays Capital's core philosophy of 'balancing innovation with stability.' While oil & gas PDP (Proved Developed Producing) assets are legacy investments generating reliable cash flows, their tangible nature makes them exceptionally compatible with digital asset innovations like RWA tokenization. We believe technological advancement could transform these assets into new financial infrastructure. O-DE Capital will fully support the implementation of Web3 technologies to enhance transparency and facilitate secondary market liquidity.

Furthermore, PDP investments have traditionally been a 'closed' market accessible only to seasoned operators and select private equity funds. Through the combination of technology and institutional framework design, we aim to lower barriers to entry and transform this exclusive domain into an open, accessible market."

Market Outlook
This acquisition in Wyoming's prolific resource base comes at a strategically advantageous time.  Given the current strength in WTI and the economic resilience of these mature Wyoming oil assets, we see this acquisition as a compelling opportunity to enhance operating margins and long-term project value.  Added pressures to global markets from expanding international security risks, especially in the Middle East, could further increase pricing.  Forward-looking statements are based on current market data as of June 2025 and are subject to change.

Market Commentary
Wyoming's mature oil assets remain compelling investments, offering stable production and low breakeven costs that withstand market volatility. As energy security concerns grow, these conventional reserves maintain strategic relevance during the global energy transition. Pacific Petroleum further enhances the portfolio's resilience through technology—including data-driven field management and potential RWA tokenization—bridging traditional energy investing with next-generation transparency and efficiency tools.

- Pacific Bays Capital GP Jason Nye -

About VCP
Founded by industry veterans Jeff Cook and Toby Darden, VCP has developed and operated over 64,000 acres in the Michigan Basin, reaching production rates of over 10,000 MCFD within its first year of operation. VCP is committed to safe, responsible, and efficient development of oil and gas assets with a focus on field-level excellence.

About Pacific Petroleum
Pacific Petroleum is a U.S.-based energy investment platform focused on the acquisition and optimization of mature oil and gas assets. Backed by institutional investors, Pacific integrates capital markets expertise with hands-on operational oversight to deliver long-term value.

About O-DE Capital Partners
O-DE Capital Partners is a venture builder and investment fund. We invest in and support a wide range of fields, including deep tech, Web3, and real assets. Beyond just providing capital, we take a hands-on approach—offering consistent support from strategy formulation and product development to global expansion. Our operations span globally, with strong presence in Japan, Hong Kong, and Dubai.

For inquiries, please contact:
Pacific Petroleum Management, LLC
Email: info@pacificbayscapital.com
Web: https://pacificbayscapital.com/

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Pacific Petroleum Completes Acquisition of U.S. Oil & Gas Assets from a portfolio company of a prominent private equity group

LOS ANGELES, Jan. 17, 2026 /PRNewswire/ -- From January 6–8, 2026, Arspura, a premium smart home appliance brand focused on healthier kitchen air, presented its latest IQV™ innovations at CES 2026 and hosted a three-day brand program in Las Vegas. Centered on exclusive technology, respiratory wellness, and user experience, the program brought together experts, product leaders, and real customers to spotlight how better cooking environments can start with better indoor air management.

At the heart of Arspura's CES showcase was its proprietary IQV™ Dynamic Particulate Capture Technology, designed to capture cooking smoke, grease particles, and odor at the source—helping reduce the common "smoke escape" problem many households experience with traditional ventilation. Through live demonstrations and deep-dive sessions, Arspura emphasized a clear brand promise for modern kitchens: Cook freely, breathe freely.

To watch highlights from Arspura's CES 2026 showcase, visit:

Day 1: Uncovering the Kitchen's Invisible Health Threats

On the first day of CES 2026, Arspura kicked off its brand program with a keynote by Professor Francesca Dominici of the Harvard T.H. Chan School of Public Health (Professor of Biostatistics & Data Science; Professor of Environmental Health).

Drawing on her research on air pollution and health, she highlighted the risks of fine particulate matter (PM2.5) and emphasized that even low-level exposure can make people sick. She noted that PM2.5 can be particularly hazardous for older adults, people with existing health conditions, and individuals with asthma, and stressed that preventing cooking-related PM2.5 from dispersing indoors and reducing exposure at the source is crucial for family health.

Reflecting on this message, Arspura underscored its commitment to helping more households—especially those with asthma or nasal sensitivities—cook with greater comfort by reducing smoke and odor irritation, so more people can truly cook freely and breathe freely.

Day 2: Redefining a New Standard for Smoke-Free Cooking

On the second day, Arspura's product manager led a technical session explaining how IQV™ airflow design works together with high-airspeed capture (up to 13 m/s) to deliver high capture performance with minimal smoke escape. The presentation framed Arspura's approach as more than a product: a combination of technology and daily usability designed to make healthy cooking feel effortless.

Arspura also welcomed a special on-site visit and interview from media figure Yang Lan, who explored the booth experience and shared positive feedback on IQV™ technology and the IQV Hood concept—particularly its relevance for people sensitive to cooking fumes who want a more comfortable kitchen environment.

Day 3: Bringing Healthy Kitchen Living Into Everyday Ease

Arspura closed out CES 2026 with strong momentum, earning five awards during the show. To cap the three-day program, the brand invited its first group of IQV Hood users for a face-to-face sharing session, paired with immersive, hands-on demonstrations. Through interactive experiences and practical use scenarios, attendees felt firsthand how the product can deliver "health protection" and "easy cleaning" simultaneously, translating the idea of a healthier kitchen into tangible everyday value.

Passionate home cooks also shared how they had previously tried multiple traditional range hoods yet still struggled with smoke escape and lingering odors, while Arspura's IQV™ performance provided noticeably improved smoke capture and deodorization—making cooking more enjoyable and inspiring friends and family to upgrade after seeing the results.

What's Next for Arspura

Backed by strong recognition at CES 2026 and reinforced by firsthand user stories, Arspura's IQV™ showcase signaled a growing shift toward kitchen ventilation solutions that prioritize both health and everyday usability. Building on this momentum, Arspura will continue to develop smarter, cleaner-air technologies for modern homes.

For more information, visit arspura.com.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Arspura's CES 2026 Showcase Advances Next-Gen Ventilation for a Healthier Kitchen