TenOaks Energy Advisors

Name

TenOaks Energy Advisors

Legal name

TenOaks Energy Advisors, LLC

Website

https://tenoaksenergyadvisors.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Energy Investment Banking

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Scientific and Technical Consulting Services (54169)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Treasury, Capital Structure & Liquidity Advisory (BPAHADAM)

akta.pro secondary industries

Renewable Energy Infrastructure (FSAAAKAG), Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

Keywords

• Oil gas M&A advisory
• Energy divestiture advisory
• Upstream capital advisory
• A&D investment banking
• Renewable energy advisory

Headquarters

HQ city

Addison

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. M&A Advisory Fees: Transaction-based fees for divestiture and acquisition advisory services. Principals have closed over 200 transactions with aggregate consideration exceeding $8 billion.
2. Capital Raising Advisory: Fees for debt, equity, and structured capital solutions in support of acquisitions, refinancings, and strategic initiatives. Eric Wenick has raised more than $2.4 billion of debt and $2.0 billion of equity for clients.
3. Seller M&A Advisory: Guiding owners through sale processes to maximize business or asset value.
4. Buyside and Strategic Advisory: Developing acquisition and growth strategies for companies across the sustainability landscape and executing transactions to support this strategy.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

TenOaks Energy Advisors is an independent financial advisory firm providing divestiture, acquisition, and capital-raising services to upper and lower middle-market oil and gas companies, private equity sponsors, and family offices across the continental United States. The firm operates three business lines: TenOaks A&D (Acquisitions & Divestitures), Capital Advisory, and Power & Infrastructure. Principals personally lead all transaction phases from engagement through closing, delivering M&A advisory, equity and debt financings, project finance, and strategic advisory services for upstream, midstream, oilfield service, and renewable/sustainability-focused energy companies.

Product overview

TenOaks Energy Advisors operates as a financial advisory firm with two distinct service lines: TenOaks A&D (Acquisitions & Divestitures) focuses on divestiture and advisory services for the lower middle market oil and gas sector, while TenOaks Power & Infrastructure serves the upper middle market and sustainability sectors with capital raising, M&A advisory, and strategic consulting. The firm offers four core service offerings—Growth Capital Raising, Project Finance Capital Raising, Seller M&A Advisory, and Buyside and Strategic Advisory—serving asset-based companies, emerging technology companies, and service companies in the renewable energy and decarbonization space.

Differentiator

Problem solved

Functional benefit

Brands

• RedOaks A&D: Providing divestiture and advisory services to the lower middle market oil and gas sector with a focus on operated, non-operated, and mineral/royalty assets.
• TenOaks Power & Infrastructure

Products and services

• TenOaks A&D (Acquisitions & Divestitures) Divestiture and advisory services for the upper middle market oil and gas sector, covering acquisitions, divestitures, equity/debt financings, and valuation opinions for publicly-traded, sponsor-owned, and privately-held companies across all major U.S. basins.
• RedOaks A&D Divestiture and advisory services for the lower middle market oil and gas sector with a focus on operated, non-operated, and mineral/royalty assets.
• TenOaks Power & Infrastructure Capital raising, divestiture, and acquisition advisory services for companies dedicated to reducing carbon and driving more sustainable resource usage across the Americas, Europe, and Asia.
• Growth Capital Raising

Quantifiable outcome

• Over 200 transactions closed with aggregate consideration exceeding $8 billion
• +3 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles5 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• FINRAcoreOthersMember of Financial Industry Regulatory Authority (FINRA), a self-regulatory organization for securities firms and brokers operating in the United States.
• SIPCcoreOthersMember of Securities Investor Protection Corporation (SIPC), which provides protection for customers of member brokerage firms in the event of firm failures.
• RedOaks Energy AdvisorscoreStrategic or Co-development PartnerAffiliate firm providing divestiture and advisory services to the lower middle market oil and gas sector, complementing TenOaks' upper middle market focus.
• TenOaks Power & InfrastructurecoreStrategic or Co-development PartnerIntegrated business unit providing capital raising, divestitures, and acquisition advisory to companies dedicated to reducing carbon and driving more sustainable resource usage.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Imperial Capital: Middle-market investment bank where TenOaks partner Lenny Bianco served as Managing Director in Energy Investment Banking. Comparable middle-market energy advisory platform with overlap in upstream and energy infrastructure clients.
• Tudor, Pickering, Holt & Co. Houston-based energy boutique investment bank focused on the upstream and energy services sectors. Now part of Perella Weinberg Partners; competes for the same middle-market A&D mandates TenOaks targets.
• MHT Partners: Middle-market investment bank co-founded by TenOaks partner Eric Wenick. Provides M&A, capital raising, and restructuring advisory across energy and infrastructure — directly comparable service offering and client profile.
• Petrie Partners: Energy-focused boutique investment bank advising on upstream M&A, capital raising, and A&D transactions for U.S. E&P and PE clients. Most direct competitor to TenOaks in the middle-market oil & gas advisory space.
• Energy Spectrum Advisors: Energy-focused investment bank where three of TenOaks' founders (Sherrer, Brandenberger, Webb) previously served as Senior VP, VP, and VP respectively. Closely comparable A&D advisory franchise serving U.S. upstream and midstream clients.

Broad incumbents

• Simmons Energy (Piper Sandler): Energy investment banking division of Piper Sandler (formerly Simmons & Company International). Established incumbent in U.S. energy advisory with broader institutional reach and capital markets capabilities than TenOaks.
• BOK Financial Energy Banking: Energy banking group where TenOaks founder Lindsay Sherrer previously served as Head of the Oklahoma City Energy Banking Group. Established regional player in upstream lending and advisory competing for similar middle-market clients.
• Wells Fargo Energy Investment Banking: Diversified energy M&A and capital markets franchise within a major U.S. bank. Competes for oil & gas mandates across the middle and upper-middle market and offers deeper balance-sheet capacity than TenOaks.
• RBC Capital Markets — Energy: Energy M&A franchise where TenOaks Director Neal Patel previously served as Vice President. Bulge-bracket-adjacent platform that competes for larger sponsor-backed energy mandates and middle-market deals.
• Lazard Energy Group: Global energy M&A advisory practice advising on upstream, midstream, and energy transition transactions. Overlaps with TenOaks on larger sponsor-backed mandates and brings international reach that TenOaks lacks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tenoaks-energy-advisors-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

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 TenOaks Energy Advisors