Close-up shot of a row of seven large, metal, red-and-silver, hand-turn valves; sunrise in the background

Funding the Future of Natural Resources

$25B

In Capital Investments to Date

>430

Natural Resources Transactions Since Inception

11

Natural Resources IPOs Completed Since 2014

Our Active Portfolio Companies

Logo of Aspen Energy Partners, a natural resources portfolio company

Aspen Energy Partners

Investing in small‐ to mid‐cap oilfield services and technology companies
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Focus

Energy Technology and Services

Headquarters

Denver, Colorado

Areas of Operations

United States

Year of Investment

2016

Logo of Avad Energy, a natural resources portfolio company

Avad Energy Partners

Upstream oil and gas acquisition and development
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Focus

Oil and Gas Acquisition and Development

Headquarters

Dallas, Texas

Areas of Operations

United States

Year of Investment

2016

Axia Energy III

Company focused on the acquisition and development of oil and gas assets
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Focus

Oil and Gas Acquisition and Development

Headquarters

Highlands Ranch, CO

Areas of Operations

Anadarko Basin

Year of Investment

2021

Logo of Blackbeard Operating, a natural resources portfolio company

Blackbeard Operating

Acquiring, operating and developing high‐quality, mature energy‐producing properties
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Focus

Oil and Gas Acquisition and Development

Headquarters

Fort Worth, Texas

Areas of Operations

Permian Basin, Western Anadarko Basin and Arkoma Basin; Midstream and Infrastructure

Year of Investment

2014

Logo of Camino, a natural resources portfolio company

Camino Natural Resources

Independent oil and natural gas acquisition and development company
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Focus

Oil and Gas Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

SCOOP and Merge plays of Central Oklahoma

Year of Investment

2017

Logo of CH4 Energy, a natural resources portfolio company

CH4 Energy Six

Independent company engaged in the acquisition and development of oil and gas properties
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Focus

Oil and Gas Acquisition and Development

Headquarters

Fort Worth, Texas

Areas of Operations

Uinta Basin

Year of Investment

2017

Logo of Confluence Resources, a natural resources portfolio company

Confluence Resources

Private oil and gas company capturing opportunities, enhancing value and achieving profitable returns
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Focus

Oil and Gas Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

Denver‐Julesburg (DJ) Basin

Year of Investment

2016

Crown Oil Logo

Crown Oil Partners VII

Private company focused on opportunistic acquisitions of oil and gas assets
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Focus

Non-operated and operated Oil and Gas Assets; Mineral and Royalty Interests

Headquarters

Midland, Texas

Areas of Operations

Permian; United States

Year of Investment

2022

Cygnet Energy

Privately held oil and gas company focused on developing unconventional reserves in Western Canada
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Focus

Oil and Gas Acquisition and Development

Headquarters

Calgary, Alberta

Areas of Operations

Montney and Duvernay Basins

Year of Investment

2023

Ensign Logo

Ensign Natural Resources

Privately held oil and gas company focused on large-scale acquisition in core U.S. basins
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Focus

Oil and Gas Acquisition and Development

Headquarters

Houston, Texas

Areas of Operations

Eagle Ford Shale; United States

Year of Investment

2024

Logo of Elk Range Royalties, a natural resources portfolio company

Elk Range Royalties

Active buyer of producing mineral and royalty interests in the United States
Visit Website

Focus

Mineral and Royalty Interests

Headquarters

Dallas, Texas

Areas of Operations

Permian Basin, United States

Year of Investment

2020

Foundation Minerals Logo

Foundation Minerals II

Private company focused on acquiring mineral and royalty interests across the United States
Visit Website

Focus

Mineral and Royalty Interests

Headquarters

Midland, Texas

Areas of Operations

United States

Year of Investment

2022

Logo of Greenlake Energy, a natural resources portfolio company

Greenlake Energy

Responsible development of oil and natural gas assets
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Focus

Oil and Gas Acquisition and Development

Headquarters

Austin, Texas

Areas of Operations

Permian Basin

Year of Investment

2021

Logo of Hibernia resources, a natural resources portfolio company

Hibernia Resources

Exploration, growth and production of oil and natural gas assets

Focus

Oil and Gas Acquisition and Development

Headquarters

Houston, Texas

Areas of Operations

Permian Basin

Year of Investment

2017

Logo of Infinity Natural Resources, a natural resources portfolio company

Infinity Natural Resources

Privately held oil and gas company focused on developing unconventional reserves in Appalachia
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Focus

Oil and Gas Acquisition and Development

Headquarters

Morgantown, West Virginia

Areas of Operations

Appalachian Basin

Year of Investment

2017

Logo of Iron Horse Midstream, a natural resources portfolio company

Iron Horse Midstream

Providing natural gas gathering, processing, compression, treating and transmission services
Visit Website

Focus

Midstream Acquisition and Development

Headquarters

Dallas, Texas

Areas of Operations

SCOOP and Merge plays of Central Oklahoma

Year of Investment

2018

Iron Oak Energy Solutions

Leading supplier of high quality, cost effective regional frac sand
Visit Website

Focus

Energy Services

Headquarters

The Woodlands, TX

Areas of Operations

United States

Year of Investment

2016

Mesa Minerals Partners

Active consolidator of mineral and royalty assets in the Haynesville and Permian Basin
Visit Website

Focus

Mineral and Royalty Interests

Headquarters

Houston, Texas

Areas of Operations

Haynesville Shale and the Permian Basin

Year of Investment

2021

Mora Energy Logo

Mora Energy

Energy company focused on developing and acquiring critical energy infrastructure
Visit Website

Focus

Midstream Acquisition & Development

Headquarters

Dallas, Texas

Areas of Operations

United States

Year of Investment

2025

OneOK Logo

OneOK

Joint venture with a publicly traded midstream oil and gas company in the Delaware Basin
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Focus

Midstream Acquisition and Development

Headquarters

Tulsa, Oklahoma

Areas of Operations

Delaware Basin Midstream JV

Year of Investment

2016

Logo of Titus Oil gas, a natural resources portfolio company

Titus Oil and Gas

Upstream oil and gas company focused on acquiring and developing assets
Visit Website

Focus

Oil and Gas Acquisition and Development

Headquarters

Fort Worth, Texas

Areas of Operations

Permian Basin

Year of Investment

2017

Logo of Tap Rock Resources, a natural resources portfolio company

Tap Rock Resources

Private exploration and production company focused on acquiring and developing oil and natural gas assets
Visit Website

Focus

Oil and Gas Acquisition and Development

Headquarters

Golden, Colorado

Areas of Operations

Permian Basin

Year of Investment

2016

Wellspring Energy Resources

Private company investing in yield-oriented opportunities in oil and gas

Focus

Non-Operated and Structured Investments in Oil and Gas Assets

Headquarters

Dallas, TX

Areas of Operations

United States

Year of Investment

2023

Logo of Wing Resources LLC, a natural resources portfolio company

Wing Resources

Private company focused on acquiring mineral and royalty interests
Visit Website

Focus

Mineral and Royalty Interests

Headquarters

Dallas, Texas

Areas of Operations

Permian Basin

Year of Investment

2016

Logo of WRC Energy, a natural resources portfolio company

WRC Energy

Independent producer and provider of oil and gas resources and exploration services
Visit Website

Focus

Oil and Gas Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

Powder River Basin

Year of Investment

2013

Aspen Energy Partners

Investing in small‐ to mid‐cap oilfield services and technology companies

Focus

Energy Technology and Services

Headquarters

Denver, Colorado

Areas of Operations

United States

Year of Investment

2016

Visit Website

Avad Energy Partners

Upstream oil and gas acquisition and development

Focus

Oil and Gas Acquisition and Development

Headquarters

Dallas, Texas

Areas of Operations

United States

Year of Investment

2016

Visit Website

Axia Energy III

Company focused on the acquisition and development of oil and gas assets

Focus

Oil and Gas Acquisition and Development

Headquarters

Highlands Ranch, CO

Areas of Operations

Anadarko Basin

Year of Investment

2021

Visit Website

Blackbeard Operating

Acquiring, operating and developing high‐quality, mature energy‐producing properties

Focus

Oil and Gas Acquisition and Development

Headquarters

Fort Worth, Texas

Areas of Operations

Permian Basin, Western Anadarko Basin and Arkoma Basin; Midstream and Infrastructure

Year of Investment

2014

Visit Website

Camino Natural Resources

Independent oil and natural gas acquisition and development company

Focus

Oil and Gas Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

SCOOP and Merge plays of Central Oklahoma

Year of Investment

2017

Visit Website

CH4 Energy Six

Independent company engaged in the acquisition and development of oil and gas properties

Focus

Oil and Gas Acquisition and Development

Headquarters

Fort Worth, Texas

Areas of Operations

Uinta Basin

Year of Investment

2017

Visit Website

Confluence Resources

Private oil and gas company capturing opportunities, enhancing value and achieving profitable returns

Focus

Oil and Gas Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

Denver‐Julesburg (DJ) Basin

Year of Investment

2016

Visit Website

Crown Oil Partners VII

Private company focused on opportunistic acquisitions of oil and gas assets

Focus

Non-operated and operated Oil and Gas Assets; Mineral and Royalty Interests

Headquarters

Midland, Texas

Areas of Operations

Permian; United States

Year of Investment

2022

Visit Website

Cygnet Energy

Privately held oil and gas company focused on developing unconventional reserves in Western Canada

Focus

Oil and Gas Acquisition and Development

Headquarters

Calgary, Alberta

Areas of Operations

Montney and Duvernay Basins

Year of Investment

2023

Visit Website

Ensign Natural Resources

Privately held oil and gas company focused on large-scale acquisition in core U.S. basins

Focus

Oil and Gas Acquisition and Development

Headquarters

Houston, Texas

Areas of Operations

Eagle Ford Shale; United States

Year of Investment

2024

Visit Website

Elk Range Royalties

Active buyer of producing mineral and royalty interests in the United States

Focus

Mineral and Royalty Interests

Headquarters

Dallas, Texas

Areas of Operations

Permian Basin, United States

Year of Investment

2020

Visit Website

Foundation Minerals II

Private company focused on acquiring mineral and royalty interests across the United States

Focus

Mineral and Royalty Interests

Headquarters

Midland, Texas

Areas of Operations

United States

Year of Investment

2022

Visit Website

Greenlake Energy

Responsible development of oil and natural gas assets

Focus

Oil and Gas Acquisition and Development

Headquarters

Austin, Texas

Areas of Operations

Permian Basin

Year of Investment

2021

Visit Website

Hibernia Resources

Exploration, growth and production of oil and natural gas assets

Focus

Oil and Gas Acquisition and Development

Headquarters

Houston, Texas

Areas of Operations

Permian Basin

Year of Investment

2017

Infinity Natural Resources

Privately held oil and gas company focused on developing unconventional reserves in Appalachia

Focus

Oil and Gas Acquisition and Development

Headquarters

Morgantown, West Virginia

Areas of Operations

Appalachian Basin

Year of Investment

2017

Visit Website

Iron Horse Midstream

Providing natural gas gathering, processing, compression, treating and transmission services

Focus

Midstream Acquisition and Development

Headquarters

Dallas, Texas

Areas of Operations

SCOOP and Merge plays of Central Oklahoma

Year of Investment

2018

Visit Website

Iron Oak Energy Solutions

Leading supplier of high quality, cost effective regional frac sand

Focus

Energy Services

Headquarters

The Woodlands, TX

Areas of Operations

United States

Year of Investment

2016

Visit Website

Mesa Minerals Partners

Active consolidator of mineral and royalty assets in the Haynesville and Permian Basin

Focus

Mineral and Royalty Interests

Headquarters

Houston, Texas

Areas of Operations

Haynesville Shale and the Permian Basin

Year of Investment

2021

Visit Website

Mora Energy

Energy company focused on developing and acquiring critical energy infrastructure

Focus

Midstream Acquisition & Development

Headquarters

Dallas, Texas

Areas of Operations

United States

Year of Investment

2025

Visit Website

OneOK

Joint venture with a publicly traded midstream oil and gas company in the Delaware Basin

Focus

Midstream Acquisition and Development

Headquarters

Tulsa, Oklahoma

Areas of Operations

Delaware Basin Midstream JV

Year of Investment

2016

Visit Website

Titus Oil and Gas

Upstream oil and gas company focused on acquiring and developing assets

Focus

Oil and Gas Acquisition and Development

Headquarters

Fort Worth, Texas

Areas of Operations

Permian Basin

Year of Investment

2017

Visit Website

Tap Rock Resources

Private exploration and production company focused on acquiring and developing oil and natural gas assets

Focus

Oil and Gas Acquisition and Development

Headquarters

Golden, Colorado

Areas of Operations

Permian Basin

Year of Investment

2016

Visit Website

Wellspring Energy Resources

Private company investing in yield-oriented opportunities in oil and gas

Focus

Non-Operated and Structured Investments in Oil and Gas Assets

Headquarters

Dallas, TX

Areas of Operations

United States

Year of Investment

2023

Wing Resources

Private company focused on acquiring mineral and royalty interests

Focus

Mineral and Royalty Interests

Headquarters

Dallas, Texas

Areas of Operations

Permian Basin

Year of Investment

2016

Visit Website

WRC Energy

Independent producer and provider of oil and gas resources and exploration services

Focus

Oil and Gas Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

Powder River Basin

Year of Investment

2013

Visit Website
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