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Felix Energy
1530 16th Street Suite 500 , Denver, Colorado, United States

Memberships : NA
Industry : Renewable Energy
Basic Member
Since Mar, 2018
About Company

Based in Denver, Felixs diverse team of talented professionals has extensive knowledge of unconventional reservoirs and has directed thousands of unconventional horizontal wells across numerous basins with the largest and best operators in the industry. We use a technically rigorous approach to identify and develop a portfolio of oil and gas assets across multiple domestic basins.

The Felix team has a proven track record of building a concentrated position and strong execution, which resulted in the successful sale of the Anadarko Basin assets for over $2 billion. Felix is now focused on developing its position in the oil-rich Delaware Basin. We deliver results and have the resources and the operational expertise to effectively develop large-scale projects, creating value for our investors and stakeholders.Felixs strategy is to drill industry-leading wells that offer the best rates of return. We focus on controlling operating and capital costs and maximizing reserve recoveries. The company emphasizes the drilling of internally generated prospects in order to find and develop low-cost reserves.

History

Felix Energy, LLC (“Felix I”) was formed in April 2013 with a $400 million equity commitment from EnCap Investments, L.P. The commitment was subsequently expanded to $500 million. Over a three-year period Felix I:

  • Assembled more than 80,000 net acres in the core of Oklahomas STACK play through a combination of strategies including ground-floor leasing, farm-in opportunities and acquisitions.
  • Participated in ~100 horizontal wells in the STACK including drilling more than 30 wells, operating more than 60 vertical wells and participating in more than 70 non-operated wells, growing production to ~14,500 BOEPD.

In January 2016, Felix I was sold to Devon Energy (NYSE: DVN) for total consideration of $1.9 billion. Additionally, Felix I had a significant ownership interest in TOM-STACK, LLC, a subsidiary of Tall Oak Midstream that sold to EnLink Midstream for total consideration of $1.55 billion.

The Felix management team was able to create significant value for its stakeholders during challenging market conditions. The team was built to identify and capture quality assets and successfully grow production, reserves and cash flow to demonstrate the resource potential of its position. The Felix team re-formed as Felix II to advance the Felix growth story in the Permian Basin with a $500 million commitment from EnCap Investments L.P.

Responsibility

  • Providing a safe and healthy work environment for our employees, contractors, landowners and the communities where we operate is our top priority. We continuously enhance our operations, train our employees and improve contractor oversight through our safety programs.

  • Felix is committed to protecting the environment and continuously improving our operations to minimize all surface and subsurface impacts. Throughout our operations, we implement the latest technologies and most advanced practices to reduce the environment impact.
  • Felix has a high ethical standard for the conduct of our employees and partners. We value open and honest communication, mutual respect and commitment to our obligations.
  • Felix is committed to improving the communities where we operate by creating a mutually beneficial partnership complete with open communication and a positive economic impact.
Company NameFelix Energy
Business CategoryRenewable Energy
Address1530 16th Street Suite 500
Denver
Colorado
United States
ZIP: 80202
PresidentSkye A. Callantine
Year Established2013
EmployeesNA
MembershipsNA
Hours of OperationNA
Company Services
  • Exploration
  • Production
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***President and Chief Executive OfficerLocked content
***Vice President – ExplorationLocked content
***Vice President – OperationsLocked content
***Vice President – EngineeringLocked content
***Executive Vice President – Land and A&DLocked content
***Vice President, LandLocked content
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