TPH Partners launches Elk Meadows Resources

Houston-based TPH Partners, the private equity arm of Tudor, Pickering, Holt & Co., has formed Elk Meadows Resources. The launch was done in partnership with a management team led by Terry Dobkins. No financial terms were disclosed for TPH Partners’ investment in Elk Meadows. Headquartered in Denver, Elk Meadows is an upstream company focused on acquiring and developing onshore oil and gas assets across the Permian Basin and the Rockies.

PRESS RELEASE

HOUSTON–(BUSINESS WIRE)–TPH Partners, the middle-market energy private equity funds manager, has partnered with a seasoned management team led by Terry Dobkins to form Elk Meadows Resources LLC, an independent upstream company headquartered in Denver, Colorado. Elk Meadows is focused on the acquisition and development of onshore oil and gas properties across the Permian Basin and the Rockies.
Terry Dobkins, President and CEO of Elk Meadows, has led successful exploration and development in multiple basins across the United States over his thirty-four year career in the oil and gas industry. In 2007, Terry co-founded and served as CEO of a private equity-backed upstream company. Prior to co-founding that company, Terry was an engineering and operations senior executive at multiple well-regarded Rockies and unconventionally focused companies. In addition to Mr. Dobkins, the management team includes Tony Martin, CFO, and Gary Alsobrook, Vice President of Land and Business Development, who each have over twenty-five years of experience in the oil and gas industry.
“We have identified several attractive oil exploitation investment opportunities across multiple basins, and we are confident that the strength of our team, starting with Tony and Gary, and including professionals to handle all phases of prospect evaluation and acquisition, financial analysis and operations, will create attractive avenues for growth,” said Terry Dobkins, President and CEO of Elk Meadows. “With TPH Partners’ support and industry fire power, we believe that we have a great opportunity for success.”
Pat O’Brien, a 40-year veteran of the oil and gas business and former CEO of American Oil & Gas, LLC, will also serve as an Advisor and member of the Board of Managers of Elk Meadows. “After a working relationship of several decades, I am extremely proud to be associated with both Elk Meadows and TPH Partners,” commented Mr. O’Brien. “I have quite a high regard for the professionalism and accomplishments of the principals of both groups.”
George McCormick, Managing Partner of TPH Partners and a member of the Elk Meadows Board of Managers added, “This investment is consistent with TPH Partners’ strategy of partnering with seasoned management teams to execute targeted upstream strategies. Terry, Tony and Gary each have significant technical, financial and managerial experience in the industry, and we are fortunate to have the opportunity to put capital to work with them. This transaction is the product of multiple years of relationship building by Terry’s team and ours, which I believe will make for a great partnership.”
About TPH Partners
TPH Partners, based in Houston, Texas, is the private equity arm of Tudor, Pickering, Holt & Co., LLC, an integrated energy investment and merchant bank. TPH Partners makes private investments in the upstream, oilfield service and midstream subsectors of the energy industry. For more information on TPH Partners, please visit www.tphpartners.com.
About Elk Meadows Resources LLC
Elk Meadows Resources LLC is an independent upstream company based in Denver, Colorado. For more information on Elk Meadows, please contact Terry Dobkins at tdobkins@elkmeadowsenergy.com.