Vortus Investment Advisors LLC and Fort Worth, Texas-based Roxo Energy, an oil and gas acquisition and development company, have formed a partnership that will focus on buying, leasing and developing oil and natural gas assets in the Permian Basin. No financial terms were disclosed.
FORT WORTH, Texas, Oct. 5, 2017 /PRNewswire/ — Roxo Energy LLC (“Roxo”), of Fort Worth, Texas, announces it has partnered with private equity firm Vortus Investment Advisors, LLC, also of Fort Worth. The partnership will focus on acquiring, leasing, and developing oil and natural gas assets in the Permian Basin where Roxo has significant operational experience.
The Roxo team has strategically assembled over 4,600 contiguous net acres of core Howard County acreage and a meaningful overlapping mineral ownership position despite the spotlight focus on the area for new development driven by increasingly attractive well results. The company continues to add to its position in the basin.
Jeffrey Miller and Brian Crumley, the Managing Partners at Vortus commented, “We are excited to have partnered with Roxo in building and developing this tremendous asset base in an evolving multi-horizon stacked play. Roxo’s diligent work in successfully pursuing its grass roots strategy in an area of significant activity by larger players drives our confidence in the team and optimism for a successful partnership between Vortus and Roxo.”
Roxo Energy was formed in December 2015, by Todd Fitzgerald, James Vess and J.W. Wilson. The seasoned management team collectively brings together over 40 years of oil and gas experience. Their friendship, individual goals and united vision led to the creation of Roxo. They also recently added industry veterans Isaac House and Kevin Donahue to their team.
“Roxo is extremely excited to work with Vortus and we share their desire to create significant value in the Northern Midland Basin with an initial focus in Howard County,” said Wilson. “We will utilize our relationships, technology, and creativity to develop our asset to its fullest.”
About Roxo Energy
Roxo Energy, LLC is a Fort Worth-based oil and gas acquisition and development company focused in the Permian Basin. Roxo is led by CEO Todd Fitzgerald, President J.W. Wilson, Chief Geologist James Vess.
For additional information please contact Caroline Dorris at (817) 439-9220 or visit www.roxoenergy.com.
About Vortus Investments
Vortus Investment Advisors, LLC is a Fort Worth-based private equity firm focused on the lower to middle market upstream energy industry in North America. Vortus’ asset-based investment strategy provides development capital in partnership with successful owner/operators in the North American onshore upstream industry. Vortus targets privately negotiated transactions in the lower to middle market requiring approximately $25 million to $75 million of equity capital.
For additional information: www.vortus.com.