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

$20B

In Capital Investments to Date

390+

Natural Resources Transactions Since Inception

10

Natural Resources IPOs Completed Since 2010

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
Visit Website

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
Visit Website

Focus

Oil and Gas Acquisition and Development

Headquarters

Dallas, Texas

Areas of Operations

United States

Year of Investment

2016

Logo of Black Mountain Sand, a natural resources portfolio company

Black Mountain Sand

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

Focus

Energy Services

Headquarters

Fort Worth, Texas

Areas of Operations

Permian Basin, Eagle Ford and Mid‐Continent regions

Year of Investment

2016

Logo of Blackbeard Operating, a natural resources portfolio company

Blackbeard Operating

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

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
Visit Website

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 Catapult, a natural resources portfolio company

Catapult Energy Services

Oilfield services holding company formed to invest in North American companies
Visit Website

Focus

Energy Services

Headquarters

Houston, Texas

Areas of Operations

United States

Year of Investment

2013

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
Visit Website

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
Visit Website

Focus

Oil and Gas Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

Denver‐Julesburg (DJ) Basin

Year of Investment

2016

Cygnet Energy

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

Focus

Oil and Gas Acquisition and Development

Headquarters

Calgary, Alberta

Areas of Operations

Montney and Duvernay Basins

Year of Investment

2023

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

Logo of Greenlake Energy, a natural resources portfolio company

Greenlake Energy

Responsible development of oil and natural gas assets
Visit Website

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
Visit Website

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
Visit Website

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

Logo of Mallard Exploration, a natural resources portfolio company

Mallard Exploration

Upstream oil and gas exploration and production company
Visit Website

Focus

Oil and Gas Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

Denver‐Julesburg (DJ) Basin

Year of Investment

2017

Logo of Mesa Minerals Partners, a natural resources portfolio company

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

Logo of Outrigger Energy, a natural resources portfolio company

Outrigger Energy

Private, full‐service midstream energy company specializing in greenfield project development
Visit Website

Focus

Midstream Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

Williston Basin

Year of Investment

2018

Logo of Permian Resources, a natural resources portfolio company

Permian Resources

Responsible acquisition, optimization and development of high‐return oil and natural gas properties
Visit Website

Focus

Oil and Gas Acquisition and Development

Headquarters

Midland, Texas

Areas of Operations

Permian Basin

Year of Investment

2016

Logo of Steward Energy, a natural resources portfolio company

Steward Energy II

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

Focus

Oil and Gas Acquisition and Development

Headquarters

Frisco, Texas

Areas of Operations

Permian Basin

Year of Investment

2015

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

Black Mountain Sand

Leading supplier of high quality, cost effective regional frac sand

Focus

Energy Services

Headquarters

Fort Worth, Texas

Areas of Operations

Permian Basin, Eagle Ford and Mid‐Continent regions

Year of Investment

2016

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

Catapult Energy Services

Oilfield services holding company formed to invest in North American companies

Focus

Energy Services

Headquarters

Houston, Texas

Areas of Operations

United States

Year of Investment

2013

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

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

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

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

Visit Website

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

Mallard Exploration

Upstream oil and gas exploration and production company

Focus

Oil and Gas Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

Denver‐Julesburg (DJ) Basin

Year of Investment

2017

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

Outrigger Energy

Private, full‐service midstream energy company specializing in greenfield project development

Focus

Midstream Acquisition and Development

Headquarters

Denver, Colorado

Areas of Operations

Williston Basin

Year of Investment

2018

Visit Website

Permian Resources

Responsible acquisition, optimization and development of high‐return oil and natural gas properties

Focus

Oil and Gas Acquisition and Development

Headquarters

Midland, Texas

Areas of Operations

Permian Basin

Year of Investment

2016

Visit Website

Steward Energy II

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

Focus

Oil and Gas Acquisition and Development

Headquarters

Frisco, Texas

Areas of Operations

Permian Basin

Year of Investment

2015

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
Wide shot of a multiple, white, red-tipped wind turbines in action above a large body of water with a gentle, cloudy sky in the background

Accelerating the Transition to a More Sustainable Energy Future

80

Years of Cumulative Team Experience in Energy Transition

$1B

In Capital Commitments to Date

> 20

Energy Transition Investments

Our Active Portfolio Companies

Aclima

Roving and stationary sensors that measure air quality and emissions with block-by-block resolution
Visit Website

Focus

Air Quality & Emissions Monitoring

Headquarters

San Francisco, CA

Areas of Operations

United States

Year of Investment

2021

Logo of Anew, an energy transition portfolio company

Anew

Experienced developer and marketer of carbon offsets and credits
Visit Website

Focus

Carbon Emissions Reduction

Headquarters

Houston, Texas

Areas of Operations

United States and Canada

Year of Investment

2022

CO280

Carbon negative project developer seeking to deploy cutting-edge, low-cost carbon capture technologies at scale
Visit Website

Focus

Carbon Emissions Removal

Headquarters

Vancouver, British Columbia, Canada

Areas of Operations

United States and Canada

Year of Investment

2023

Logo of Dandelion Energy, an energy transition portfolio company

Dandelion Energy

Helping homeowners transition to clean and sustainable geothermal heating and cooling
Visit Website

Focus

Electrified Heating and Cooling

Headquarters

Mount Kisco, New York

Areas of Operations

United States

Year of Investment

2022

Logo of Ev Realty, an energy transition portfolio company

EV Realty

Developing fast-charging sites for commercial EV fleets in grid-constrained urban cores
Visit Website

Focus

Fleet Charging Infrastructure Development

Headquarters

San Francisco, California

Areas of Operations

United States

Year of Investment

2022

Logo of Form Energy, an energy transition portfolio company

Form Energy

Novel, long-duration battery technology using abundantly available materials
Visit Website

Focus

Energy Storage

Headquarters

Somerville, Massachusetts

Areas of Operations

United States

Year of Investment

2020

Logo of Gridx, an energy transition portfolio company

GridX

Making it easy for utilities and their customers to budget clean energy choices in their electric bills
Visit Website

Focus

Utility Software-as-a-Service

Headquarters

Milpitas, California

Areas of Operations

North America

Year of Investment

2022

Infinitum

Leading developer of next generation electric motor technology producing highly efficient motors for a variety of applications
Visit Website

Focus

Next generation electric motor technology

Headquarters

Round Rock, TX

Areas of Operations

United States

Year of Investment

2023

Logo of LevelTen Energy, an energy transition portfolio company

LevelTen Energy

Helping renewable energy buyers, sellers, advisors and financiers transact efficiently
Visit Website

Focus

Renewable Energy Software

Headquarters

Seattle, Washington

Areas of Operations

North America and Europe

Year of Investment

2021

Mill Industries

In-home composting service that turns food waste into chicken feed, reducing landfill waste and resultant methane emissions
Visit Website

Focus

Composting/Waste-to-Value

Headquarters

San Francisco, CA

Areas of Operations

United States

Year of Investment

2020

noveon magnetics logo

Noveon Magnetics

The only high-performance rare earth magnet manufacturer in the U.S.
Visit Website

Focus

Rare earth magnet manufacturing

Headquarters

San Marcos, TX

Areas of Operations

United States

Year of Investment

2023

Logo of Ojjo, an energy transition portfolio company

Ojjo

Developing innovative products to construct utility‐scale ground‐mount solar
Visit Website

Focus

Utility-scale Solar Infrastructure

Headquarters

San Rafael, California

Areas of Operations

United States

Year of Investment

2021

Logo of Orennia, an energy transition portfolio company

Orennia

Providing leading edge data collection and analytics for the North American energy transition sector
Visit Website

Focus

Energy Transition Technology, Information and Software

Headquarters

Calgary, Alberta, Canada

Areas of Operations

North America

Year of Investment

2021

Logo of Persefoni, an energy transition portfolio company

Persefoni

Climate disclosure and carbon management solution
Visit Website

Focus

Carbon Management Software

Headquarters

Mesa, Arizona

Areas of Operations

United States and Japan

Year of Investment

2021

PhysicsX

Deploying AI-enabled engineering software for advanced physics simulation to provide a better route to product and machine optimization, with a strong focus on applications impacting the climate transition
Visit Website

Focus

AI-Enabled Simulation Engineering

Headquarters

London, England, United Kingdom

Areas of Operations

North America and Europe

Year of Investment

2023

Rubicon Carbon

Market-based carbon products and solutions that deliver meaningful climate impact at-scale
Visit Website

Focus

Carbon Offset Market

Headquarters

Marina del Ray, CA; New York City, NY

Areas of Operations

Global

Year of Investment

2023

Logo of Segue, an energy transition portfolio company

Segue Sustainable Infrastructure

Principal investment firm providing early development capital to renewable energy infrastructure and projects
Visit Website

Focus

Solar and Energy Storage Development

Headquarters

San Francisco, California

Areas of Operations

North America

Year of Investment

2021

Summit Nanotech

Developing a novel direct lithium extraction technology to sustainably meet the needs of the battery metal supply chain
Visit Website

Focus

Direct Lithium Extraction

Headquarters

Calgary, Alberta, Canada

Areas of Operations

South America, North America, Europe

Year of Investment

2023

Logo of Via Seperations, an energy transition portfolio company

Via Separations

Eliminating energy waste in industrial filtration processes
Visit Website

Focus

Industrial Energy Efficiency

Headquarters

Watertown, Massachusetts

Areas of Operations

United States

Year of Investment

2021

Logo of Voltus, an energy transition portfolio company

Voltus

Platform to connect and monetize distributed energy resources in wholesale energy markets
Visit Website

Focus

Grid Software and Services

Headquarters

San Francisco, California

Areas of Operations

United States

Year of Investment

2020

Aclima

Roving and stationary sensors that measure air quality and emissions with block-by-block resolution

Focus

Air Quality & Emissions Monitoring

Headquarters

San Francisco, CA

Areas of Operations

United States

Year of Investment

2021

Visit Website

Anew

Experienced developer and marketer of carbon offsets and credits

Focus

Carbon Emissions Reduction

Headquarters

Houston, Texas

Areas of Operations

United States and Canada

Year of Investment

2022

Visit Website

CO280

Carbon negative project developer seeking to deploy cutting-edge, low-cost carbon capture technologies at scale

Focus

Carbon Emissions Removal

Headquarters

Vancouver, British Columbia, Canada

Areas of Operations

United States and Canada

Year of Investment

2023

Visit Website

Dandelion Energy

Helping homeowners transition to clean and sustainable geothermal heating and cooling

Focus

Electrified Heating and Cooling

Headquarters

Mount Kisco, New York

Areas of Operations

United States

Year of Investment

2022

Visit Website

EV Realty

Developing fast-charging sites for commercial EV fleets in grid-constrained urban cores

Focus

Fleet Charging Infrastructure Development

Headquarters

San Francisco, California

Areas of Operations

United States

Year of Investment

2022

Visit Website

Form Energy

Novel, long-duration battery technology using abundantly available materials

Focus

Energy Storage

Headquarters

Somerville, Massachusetts

Areas of Operations

United States

Year of Investment

2020

Visit Website

GridX

Making it easy for utilities and their customers to budget clean energy choices in their electric bills

Focus

Utility Software-as-a-Service

Headquarters

Milpitas, California

Areas of Operations

North America

Year of Investment

2022

Visit Website

Infinitum

Leading developer of next generation electric motor technology producing highly efficient motors for a variety of applications

Focus

Next generation electric motor technology

Headquarters

Round Rock, TX

Areas of Operations

United States

Year of Investment

2023

Visit Website

LevelTen Energy

Helping renewable energy buyers, sellers, advisors and financiers transact efficiently

Focus

Renewable Energy Software

Headquarters

Seattle, Washington

Areas of Operations

North America and Europe

Year of Investment

2021

Visit Website

Mill Industries

In-home composting service that turns food waste into chicken feed, reducing landfill waste and resultant methane emissions

Focus

Composting/Waste-to-Value

Headquarters

San Francisco, CA

Areas of Operations

United States

Year of Investment

2020

Visit Website

Noveon Magnetics

The only high-performance rare earth magnet manufacturer in the U.S.

Focus

Rare earth magnet manufacturing

Headquarters

San Marcos, TX

Areas of Operations

United States

Year of Investment

2023

Visit Website

Ojjo

Developing innovative products to construct utility‐scale ground‐mount solar

Focus

Utility-scale Solar Infrastructure

Headquarters

San Rafael, California

Areas of Operations

United States

Year of Investment

2021

Visit Website

Orennia

Providing leading edge data collection and analytics for the North American energy transition sector

Focus

Energy Transition Technology, Information and Software

Headquarters

Calgary, Alberta, Canada

Areas of Operations

North America

Year of Investment

2021

Visit Website

Persefoni

Climate disclosure and carbon management solution

Focus

Carbon Management Software

Headquarters

Mesa, Arizona

Areas of Operations

United States and Japan

Year of Investment

2021

Visit Website

PhysicsX

Deploying AI-enabled engineering software for advanced physics simulation to provide a better route to product and machine optimization, with a strong focus on applications impacting the climate transition

Focus

AI-Enabled Simulation Engineering

Headquarters

London, England, United Kingdom

Areas of Operations

North America and Europe

Year of Investment

2023

Visit Website

Rubicon Carbon

Market-based carbon products and solutions that deliver meaningful climate impact at-scale

Focus

Carbon Offset Market

Headquarters

Marina del Ray, CA; New York City, NY

Areas of Operations

Global

Year of Investment

2023

Visit Website

Segue Sustainable Infrastructure

Principal investment firm providing early development capital to renewable energy infrastructure and projects

Focus

Solar and Energy Storage Development

Headquarters

San Francisco, California

Areas of Operations

North America

Year of Investment

2021

Visit Website

Summit Nanotech

Developing a novel direct lithium extraction technology to sustainably meet the needs of the battery metal supply chain

Focus

Direct Lithium Extraction

Headquarters

Calgary, Alberta, Canada

Areas of Operations

South America, North America, Europe

Year of Investment

2023

Visit Website

Via Separations

Eliminating energy waste in industrial filtration processes

Focus

Industrial Energy Efficiency

Headquarters

Watertown, Massachusetts

Areas of Operations

United States

Year of Investment

2021

Visit Website

Voltus

Platform to connect and monetize distributed energy resources in wholesale energy markets

Focus

Grid Software and Services

Headquarters

San Francisco, California

Areas of Operations

United States

Year of Investment

2020

Visit Website

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