Our mission is to be the most operationally and emissions efficient energy transition company in the United States.
Our business model declines oil and gas production and reduces emissions to support the IEA’s “Net Zero by 2050” roadmap. Since 2018 we have deployed $500MM in our strategy, and we’re just getting started.
Our mission is to be the most operationally and emissions efficient energy transition company in the United States.
Our business model declines oil and gas production and reduces emissions to support the IEA’s “Net Zero by 2050” roadmap. Since 2018 we have deployed $500MM in our strategy, and we’re just getting started.
Even the most optimistic cases for reduced fossil fuel consumption will rely on significant production through at least 2050
International Energy Agency’s “Net Zero by 2050” roadmap calls for the United States to produce at least 8 million barrels of oil equivalent (MMBoe) per day through 2050 to support the energy transition.
Currently, the US produces 25 MMBoe per day from 2 million onshore US existing wells.
Current production generates 300 million tons of CO2e per year.
Most oil and gas companies are still focused on maintaining or growing production through drilling, not reducing production along natural declines.
Optimized emissions on existing assets to prevent ~ 2.5 million tons of CO2e by 2030
Deployed $500mm to acquire interests in over 6,000 oil and gas wells
Managed oil and gas production decline consistent with IEA’s Net Zero by 2050 Roadmap
Issued the oil and gas industry’s first investment grade, sustainability linked bonds
Founded by Will Ulrich and Chris Hammack
Acquires MidStates Western Anadarko basin business
Acquires Apache’s Western Anadarko basin business
Acquires Templar Energy out of bankruptcy
Issues world’s first investment grade, sustainability-linked, asset backed securities by an oil and gas company
Expand our mission with acquisition of 200,000 additional oil and gas wells and associated emissions
Prevent 50 millions tons of CO2e emissions
Aid majors who have committed $100+ billion of asset sales to decarbonize and acquire smaller companies who lack our proprietary tech and scale
