Black Mountain Oil & Gas
500 Main Street, Suite 500, Fort Worth, Texas, United States

Black Mountain Oil & Gas is an upstream oil and gas company with deep experience sourcing and developing properties in hydrocarbon-rich basins throughout the lower 48. Our strong financial backing allows us to evaluate a broad opportunity set, delivering the agility needed to create value in the oilfield both through aggressive acquisition and through the drill bit.

Oil & Gas Acquisition & Development in the Lower 48

Black Mountain Oil & Gas combines expertise in geology, engineering, land, and A&D to target both conventional and unconventional oil and gas reservoirs, focusing primarily on acquiring operated opportunities that are held-by-production.

A History of Building Value

In its third iteration, BMOG is focused on creating sustainable, repeatable results with a broad opportunity set. The BMOG platform was born from an initial $150 Million equity commitment from NGP, where Black Mountain Oil & Gas assembled an ~18,000-net acre portfolio in West Texas, which was sold to Marathon Oil in 2017 for $700 Million.

Capturing High-Growth Upstream Energy Opportunities

Black Mountain Oil & Gas (BMOG) is an independent oil and gas company based in Fort Worth, Texas. From 2008 to 2012, the Black Mountain team leased and sold over 200,000 net acres in emerging shale plays, building up a knowledge base that led to its first $150 Million equity commitment with Natural Gas Partners (NGP) in February 2016. In just sixteen months, BMOG built a core position in the heart of the Northern Delaware Basin, aggregating a significant ownership block through 40 separate transactions. In addition to producing ~400 net Boe/d, this ~18,000-net acre portfolio featured significant running room across six de-risked zones with up to 10 target benches in approximately 5,000 feet of stacked pay.In March 2017, Black Mountain Oil & Gas sold this initial NGP-backed Permian Basin-based asset portfolio to Marathon Oil for $700 Million. We are currently building a second NGP-backed leasehold position in the Delaware Basin.

Southern Delaware Basin

At Black Mountain Oil & Gas, we focus on developing detailed subsurface expertise in our operating regions. This has allowed us to nimbly pursue opportunities, helping assemble asset portfolios that include both legacy cash flow and upside potential.  Building upon past successes, Black Mountain Oil & Gas is actively building a second leasehold position in the Southern Delaware Basin. Named one of the hottest oil plays in North America, the Southern Delaware Basin spans approximately 10,000 square miles across southern New Mexico and West Texas. The basin features multiple oil-weighted pay zones including the Delaware Basin, the Wolfcamp, and the Bone Springs. Our current focus is aggregating a significant, held-by-production acreage position with ample running room to support future development.