Treadstone Energy Partners, LLC was founded by Frank McCorkle, Key Sanford and Gene Roberts in March 2011 with financial support from Kayne Anderson Capital Advisors.
The primary objective of the company is to acquire properties with production and reserves growth opportunities through a mix of mature field well optimization, infill drilling and recompletions, to new reservoir play development. Investment will be focused on company operated assets to ensure aggressive, cost efficient and value optimized development and production operations. Treadstone will aggressively appraise and develop properties to maximum asset value. Property development is expected to be primarily focused on implementing new technology in vertical and horizontal well multi-staged fracturing application.
The acquisition portfolio may include producing properties, farm-ins and leasing, as the flexible capital structure allows Treadstone to consider a wide range of oil and gas opportunities with respect to size and structure. Treadstone will be primarily focused in the Mid-Continent and Texas regions, looking to build a balanced portfolio of gas and liquids assets.
Treadstone Energy Partners was formed on a foundation of:
Treadstone Energy Partners II is currently looking for additional investment opportunities. Our initial acquisition consists of approximately 40,000 HBP acreage in the legacy Austin Chalk trend.
Treadstone Energy Partners I has producing assets remaining in Leon county, Texas, consisting of 5500 HBP acres, 80 boed, and 24 wells (including a waterflood pilot project). These assets are being considered for divestment in early 2016 as Treadstone I is winding down.
Treadstone Energy Partners is a privately held company engaged in the acquisition and development of oil and natural gas reserves. Treadstone was founded in March 2011 as a Kayne Anderson Energy Funds portfolio company.