Steward Energy

Steward Energy is an independent exploration and production (E&P) company engaged in the exploration, development, and acquisition of oil and gas properties located in the Permian Basin.  Founded in February of 2012, Steward Energy develops oil and natural gas reserves with a commitment to the Principles of Stewardship. These principles include responsibly and effectively utilizing all talents, assets, and resources entrusted to us.  Steward Energy greatly values our relationships with our investors, lessors, surface landowners, and vendors, and believes that solid partnerships are the best way to develop the oil and gas reserves entrusted to us.  Headquartered in Frisco, Texas, and currently holding over 100,000 acres in Texas & New Mexico, we are focused on creating value through the development of repeatable, low-cost drilling opportunities in North America’s premier basin.

Steward Energy was founded by Lance Taylor to acquire, operate, and develop onshore oil & gas properties with asymmetric return characteristics.  In August of 2012, Steward Energy, LLC (“Steward I”) partnered with Natural Gas Partners and built a 10,000-acre position in the southern Delaware Basin in West Texas targeting the exciting Wolfbone resource play.  Strategic appraisal well drilling identified over ten potential horizontal drilling targets in the 3,500’ vertical oil column across the largest contiguous acreage.  Steward I marketed and sold the coveted position in late 2014.  Following the successful exit of Steward I, founder Lance Taylor and an enhanced team reformed Steward Energy II, LLC (“Steward II”) with a specific strategy for the oil and gas market conditions in 2014. This includes a specific investment discipline that emphasizes downside protection and the preservation of capital by opportunistically pursuing transactions where reserves have been overlooked.

Strategy

Steward focuses on exploration and exploitation of oil and gas reserves with reservoir characteristics similar to those of nearby proven producing properties.  By focusing on areas with an in-depth understanding of the geologic and petrophysical properties, Steward is able to identify bypassed petroleum reserves and operational upside in the shadows of some of the Permian Basin’s most storied oil fields.