Sequitur Energy Resources

What Sequitur Energy Resources does

Sequitur Energy Resources, LLC is a private, growth-oriented independent oil and gas exploration and production company headquartered in Houston, Texas, with additional operations offices in Midland and Tyler. The company was founded in 2010 by former Mariner Energy executives following Mariner's $4B+ merger with Apache Corporation, and is principally sponsored by ACON Investments. Its core business is the acquisition and operated development of producing properties and contiguous acreage in the Southern Midland Basin of West Texas, targeting the Wolfcamp formation across approximately 88,000 net acres in Reagan, Irion, Crockett, Upton, and Schleicher Counties, with additional East Texas exposure to the Buda-Rose play.

The company's underlying asset base comprises ~19 MMBOE of PDP reserves, 200+ future development locations on 880' well spacing, and substantial gas and water gathering infrastructure connected to multiple third-party processing facilities. Net production stands at approximately 35,000 Boepd (roughly 40% oil and 68% total liquids), with operations conducted at effectively 100% working interest and a ~77% average working interest across acquired assets. Through its affiliate Sequitur Permian, LLC it has executed two material acquisitions since 2016, including a $264.6 million purchase of Callon Petroleum's Reagan and Upton County properties effective January 1, 2019. It also operates a royalty owner services platform via SEM Operating Company LLC, handling division orders, joint interest billings, and revenue distribution.

Sequitur's revenue model is the direct sale of produced oil, gas, and natural gas liquids to refineries, gas processors, and midstream purchasers through standard industry channels, funded for acquisitions and development through ACON-provided equity and a Wells Fargo-led revolving credit facility. Its customer base is institutional oil and gas investors and downstream commodity purchasers; pricing is not publicly disclosed. The management team, led by CEO Scott D. Josey, is the company's principal differentiator, with track record of scaling Mariner Energy from $300M enterprise value to a $4B+ exit.

Name

Sequitur Energy Resources

Legal name

Sequitur Energy Resources, LLC

Website

https://sequiturenergy.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Sequitur Energy Resources is a private Houston-based independent oil and gas producer that acquires and develops operated Wolfcamp-focused properties in the Southern Midland Basin of West Texas, selling crude, gas, and NGLs to downstream buyers with backing from ACON Investments.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH)

akta.pro secondary industry

Brownfield Expansions & Sustaining Capital Projects (Debottlenecking, Upgrades) (IMAKAOAJ)

Keywords

• Oil and gas exploration
• Upstream production operations
• Permian Basin drilling
• Producing asset acquisition
• Royalty management services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Infrastructure

Revenue model

1. Oil and Gas Production Revenue: Revenue generated from production and sale of oil, gas, and natural gas liquids from operated properties in the Permian Basin. Net production of approximately 35,000 Boepd with approximately 40% oil composition.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Sequitur Energy Resources is a private, growth-oriented independent oil and gas exploration and production company that acquires and develops producing oil and gas properties, primarily in the Southern Midland Basin (Permian Basin) of West Texas. The company's core operations target the Wolfcamp formation across approximately 84,000–88,000 net acres in Reagan, Irion, Crockett, Upton and Schleicher Counties, producing more than 35,000 Boepd (~40% oil). It also provides royalty owner services such as division order processing, joint interest billings, and revenue distribution through its affiliate SEM Operating Company LLC.

Product overview

Sequitur Energy Resources LLC is a private, growth-oriented independent oil producer operating primarily in the Southern Midland Basin of West Texas. The company's core business is the acquisition and development of oil and gas assets, with approximately 84,000 net acres concentrated in Reagan, Irion, and Crockett counties where the Wolfcamp formation is the primary drilling target. The company also supports royalty owner services through its affiliate SEM Operating Company LLC, handling division orders, joint interest billings, and revenue distribution from its Tyler, Texas office. Current operations produce in excess of 35,000 Boepd across the Permian Basin and East Texas positions.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Asset Acquisition and Development
• Royalty Owner Services

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered supporting and transactional.

• Vinson & Elkins LLPsupportingImplementation/ SI/ Consulting Partner · 1 January 2019Legal advisor to Sequitur for the Reagan and Upton Counties acquisition transaction.
• Simmons Energy, a division of Piper JaffraysupportingImplementation/ SI/ Consulting Partner · 1 January 2019Acted as transaction advisor to Sequitur for the Reagan and Upton Counties acquisition from Callon Petroleum Operating Company.
• Callon Petroleum Operating CompanytransactionalStrategic or Co-development Partner · 1 January 2019Seller of producing properties located in Reagan and Upton Counties, Texas in a $264.6 million transaction effective January 1, 2019.
• Vinson & Elkins LLPsupportingImplementation/ SI/ Consulting Partner · 1 January 2016Legal advisor to Sequitur for the Southern Midland Basin assets acquisition.

Scale indicators11 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Apache Corporation: Acquired Mariner Energy in a $4B+ transaction led by Sequitur's current CEO. Apache operates in the Permian Basin and is highly relevant as the counterparty benchmark for the same management team's prior exit.
• EOG Resources: Large-cap independent with a meaningful Permian Basin position alongside other US shale plays. While diversified beyond the Permian, EOG's Wolfcamp development and bolt-on acquisition strategy in the basin is comparable to Sequitur's approach.
• Devon Energy: Large-cap US independent with a focused Permian Basin position complemented by other plays. Devon's operated, contiguous-acreage strategy in the Delaware Basin is comparable in operational philosophy to Sequitur's Southern Midland Basin model.
• Coterra Energy: Large independent with a Permian Basin position (Cabot Oil & gas merger heritage) and a multi-basin portfolio. Coterra's Permian development and acquisition-driven growth model is comparable to Sequitur's approach.

Direct peers

• Centennial Resource Development: Pure-play Permian Basin (Delaware) E&P with a focus on horizontal Wolfcamp development. While geographically Delaware-focused, Centennial is a highly comparable pure-play Permian independent at a similar scale to Sequitur.
• Pioneer Natural Resources: Large-cap Permian-focused independent with material Southern Midland Basin exposure targeting Wolfcamp and Spraberry intervals. Pioneer's operating playbook—operated, contiguous, low-cost Permian development—is directly comparable to Sequitur's strategy at scale.
• Diamondback Energy: Permian Basin-focused independent E&P with concentrated acreage in the Southern Midland Basin and similar Wolfcamp/Spraberry targets. Diamondback is a scaled public version of Sequitur's pure-play Permian model, making it a highly comparable operating and valuation benchmark.
• Laredo Petroleum: Permian-focused independent operating in the Midland Basin targeting the Wolfcamp and other stacked pays. Closely comparable in scale, basin focus, and acquisition-driven growth orientation to Sequitur.
• Callon Petroleum: Permian Basin-focused independent that divested Reagan/Upton County assets to Sequitur for $264.6M in 2019. Callon's remaining Permian operations and its prior footprint make it a directly comparable Permian peer.

Emerging players

• Viper Energy: Permian-focused mineral and royalty acquisition company (now public) with an acquisition-driven, sponsor-backed model. Viper's strategy of acquiring non-operated interests in the Permian is adjacent to Sequitur's operated acreage approach but reflects the same underlying asset-acquisition thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sequitur-energy-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sequitur Energy Resources