Focus areas
Where we invest
We invest primarily in upstream, across the major US onshore basins. Beyond that we look at midstream, power, downstream, oilfield services, and energy-transition deals case by case.
Uinta Basin, Utah
Target basins
- Permian (Midland and Delaware)
- Williston
- DJ
- Powder River
- Uinta
- Anadarko
- Eagle Ford
- Haynesville
- Appalachia
The team has worked in each of these basins in some capacity, through prior operating, land, engineering, and investing roles.
Core: upstream
- Non-op interests in development programs and producing assets, plus single-well AFEs.
- Drilling partnerships, including recompletion and lease-bank programs.
- Minerals and royalties when they're part of a larger package.
Beyond upstream, case by case
- Midstream and infrastructure. Gathering, water midstream expansion, and operator-owned facilities, for example through Buildco.
- Power. Generation for growing load.
- Downstream. Refining.
- Equipment. Asset-level financing for oilfield equipment businesses.
- Energy transition. Selected structures, such as tax-credit purchases.