Le Lézard
Classified in: Oil industry, Business
Subject: JVN

Roxo Energy Announces Partnership With Vortus Investments

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.


SOURCE Roxo Energy

These press releases may also interest you

at 08:15
Six startup companies have been selected by Ameren Corporation to come to St. Louis to participate in the 2018 Ameren Accelerator, an innovative public-private partnership with the University of Missouri System, UMSL Accelerate and Capital...

at 07:30
: Eagle Energy Inc. ("Eagle") has completed its second horizontal well in North Texas.  It was drilled approximately 12 miles south of Eagle's initial horizontal well to assess the extent of this play.  The well has been on production for less than...

at 07:00
Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") is pleased to announce that it has entered into a fifteen-year liquids sale commitment with an investment grade counterparty, in exchange for an agreed upon liquids...

at 07:00
Ellomay Capital Ltd. ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced that its wholly owned Spanish subsidiary, Talasol Solar S.L....

at 06:50
Sempra LNG & Midstream, a unit of Sempra Energy , today announced that its wholly owned affiliate, Port Arthur LNG, LLC, has selected Bechtel as the engineering, procurement, construction and commissioning (EPC) contractor for the Port Arthur...

at 06:00
A new poll has found that 72% of Ontarians support extending the operating life of Ontario Power Generation's (OPG) Pickering Nuclear Generating Station. The telephone poll for the Canadian Nuclear Association (CNA) by the independent firm...

News published on 5 october 2017 at 11:13 and distributed by: