Vortus invests $50 mln in SND Energy

SND Energy has received a $50 million commitment from Vortus Investments. Headquartered in Dallas, SND is a domestic onshore upstream firm.


FORT WORTH, July 16, 2014 – Vortus Investments, L.P. (“Vortus”) completed its second investment with a $50 million commitment to SND Energy (“SND” or the “Company”). Vortus formed a partnership with SND’s existing management for development drilling on the Company’s 45,000 net acres located in East Texas and Northern Louisiana as well as for potential add-on acquisitions.

SND was founded in 1989 by L. Ali Sheikh and is headquarters in Dallas, Texas. The Company is a domestic onshore upstream company with a core asset of approximately 45,000 net acres in East Texas and Northern Louisiana. SND was formed by an experienced group of industry professionals led by an owner/operator with more than 40 years of experience and demonstrated expertise in operating both oil and gas properties.

Jeffrey Miller, Managing Partner at Vortus, commented, “The SND team has many years of development drilling experience with a focus on low-cost conventional natural gas production in East Texas. Ali and his team have a long history and an outstanding reputation as a successful operator in the region.

Through this partnership, Vortus gains an attractive entry point into an exciting, low-cost region of domestic onshore natural gas production growth. SND has demonstrated its ability to effectively create value through redevelopment opportunities combined with a large inventory of development prospects given the multi-stacked pay potential in the area.”

“We are pleased to welcome Vortus as a partner. They are an experienced team of energy investment professionals with a proven track record of strong, consistent performance over their careers. Together, we will work closely to embark on the next phase of growth at SND through low-cost development and acquisition of assets with comparable low risk attributes,” said L. Ali Sheikh, President of SND.

Vortus Investments was founded by Jeffrey W. Miller and Brian C. Crumley in late 2012 and is headquartered in Fort Worth, Texas. Vortus is an energy private equity firm focused on partnering with successful owner/operators to provide development capital in the lower middle market onshore U.S. upstream sector. For more information, visit www.vortus.com.

SND Energy is a privately held company headquartered in Dallas, Texas. SND is a domestic onshore upstream company with operations focused in five gas fields in East Texas and Northern Louisiana.