Representative Upstream Investments include:

  • STACK Operating Companies: MEP Mid-Con III, LLC and MEP Oklahoma, LLC
    • Operations in the western STACK over-pressured condensate window complemented by a substantial non-operated position in the core of the STACK volatile oil window
    • ~25,000 net leasehold acres and ~4,300 net royalty acres in Blaine, Custer, Dewey and Kingfisher Counties, Oklahoma
    • 35 operated or likely operated sections
    • Working interest in 120 wells to date
    • 8,500 boe/d current net production (June 2019)
    • Minority ownership of strategic gas gathering system in Northern Custer County
  • Ownership of common equity and convertible private placement notes in a public North Sea exploration and production company
  • Non-operated working interest owner in horizontal pad developments in multiple basins

Representative Midstream Investments include:

  • Common equity of a full-service midstream company developing a crude oil gathering, transportation and storage system in the Powder River Basin in Wyoming
  • Investment in convertible preferred stock in an LNG development company focused on LNG export projects and associated pipelines in Texas
Why Millennial Rig Sunset

Each Millennial investment:

  • Results from our extensive proprietary technical underwriting processes
  • Unlocks dislocated value from illiquid and special situations
  • Employs problem-solving capital structures
  • Minimizes commodity price exposure and maximizes alignment with operators through hedging and marketing activities