Formentera Partners LP
About
Formentera Partners is an energy-focused, private equity strategy founded by Bryan Sheffield, Blake London and Paul Treadwell in 2020, based in Austin, Texas. Formentera responsibly acquires and optimizes producing oil and gas assets in onshore U.S. basins. The Formentera team leverages substantial experience in operations, engineering and finance and utilizes strict diligence criteria, hedging, streamlined structure and new-age technology to produce visible and predictable income returns.
Editor's note: Updated Nov. 12, 2021.
Headquarters Address
303 Colorado St., Suite 2050
Austin, TX 78701
United States
Website
formenterapartners.comMain Phone Number
News
EOG Resources Pulls Permit for Third Pearsall Shale Test
EOG Resources’ newest well, combined with those by Formentera Partners, could take delineation of the new oil play to 70 sq miles.
Formentera Drilling Two More Pearsall Wildcats After Initial Success
In their first 2.5 months online, Formentera Partners’ initial two tests are averaging more than 1,000 boe/d, according to Texas Railroad Commission data.
‘Just Frac It:’ E&Ps Find Oil, Gas Treasure Remaining in L48 Basins
Wildcatters are finding success in new Lower 48 plays including the Eagle Ford’s Pearsall, the Midland Basin’s Dean and the Utica. Continental Resources’ Harold Hamm said some plays have been picked over with little success but, “that doesn’t mean it’s not there.”
E&P Startups X2, Rockcliff Hunt for Large-Scale M&A Amid Price Volatility
Private capital is flowing back into shale, with new teams Rockcliff III and X2 Resources zeroing in on overlooked assets in Texas and beyond.
Tamboran to Sell Beetaloo Acreage to Formentera’s Daly Waters for US$15MM
Tamboran is selling interest in 100,000 acres to Daly Waters Energy for US$15 million as part of a deal to finalize the checkerboard of their joint acreage position in Australia’s Beetaloo Basin.
Second Pearsall Wildcat in Frio County IPs 1,300 bbl/d
Formentera Partners’ second Pearsall well joins Indio Tanks-Pearsall Field’s first modern frac job Hurrikain Cat I-STX, which IP’ed 1,499 bbl earlier this year.
Formentera Partners’ Pearsall Wildcat IP’s 1,499 bbl in Frio County
Formentera Partners’ 1.5-mile Hurrikain Cat I-STX #S731H’s lateral was made in Pearsall at about 10,000 ft, updip of where past Pearsall tests results were mostly gassy.
Formentera Joins EOG in Wildcatting South Texas’ Oily Pearsall Pay
Known in the past as a “heartbreak shale,” Formentera Partners is counting on bigger completions and longer laterals to crack the Pearsall code, Managing Partner Bryan Sheffield said. EOG Resources is also exploring the shale.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.
Exclusive: Sheffield Clears the Air, Formentera is Not Just a PDP Buyer
Formentera Founder and Partner Bryan Sheffield delves into the company's drilling operations including the unique history of how Formentera took up assets in Australia's Beetaloo, in this Hart Energy Exclusive interview.
Beetaloo Juice: US Shale Explores Down Under
Tamboran Resources has put together the largest shale-gas leasehold in Australia’s Beetaloo Basin, with plans for a 1.5+ Bcf/d play. Behind its move now to manufacturing mode are American geologists and E&P-builders, a longtime Australian wildcatter, a U.S. shale-rig operator and a U.S. shale pressure-pumper.
Bryan Sheffield: Asset Sellers Need Bid/Ask Therapy
Advisers need to sharpen their pencils at the negotiation table, E&P operator Bryan Sheffield said — because “all you're going to do is upset your seller by promising a market that isn't there. No one's going to pay you.”
Oil and Gas Private Capital: Family Funded
As traditional public and private sources of capital step back, family offices are stepping in to fund selective oil and gas deals. The question is, what attracts them and can they fill the gap?