Roff Oil & Gas

What Roff Oil & Gas does

Roff Oil & Gas, Ltd. is a Houston-based family limited partnership founded in 1999 by Hugh, Andrew, and Charles Roff to invest in and operate oil and gas properties. Over a 25-plus-year operating history, the partnership has focused on upstream exploration and production in the Permian Basin (Martin, Dawson, and Nolan counties, Texas) and the Anadarko Basin (McClain County, Oklahoma), building a track record of distributions to family partners exceeding 25x originally invested capital. The firm's core technical work centered on the Spraberry and Wolfberry plays, including the assembly and development of the Mabee Breedlove field (a 4,500-acre position acquired in 2006) and the subsequent Breedlove field, which were monetized via divestitures to Diamondback Energy in 2013 and a private-equity-backed buyer in 2021.

Following co-founder Hugh Roff's death in 2019, the partnership transitioned to Andrew and Charles Roff and broadened its mandate beyond direct upstream operations. It launched Roff Capital Partners (RCP) as an energy and private-equity investment vehicle, with Fund Evaluation Group serving as a long-term portfolio advisor. The business model is a hybrid of direct operator economics (royalty and working-interest revenue from producing wells) and LP-style capital allocation (carried interest and co-investment returns from RCP's energy and PE portfolio). The customer base is a small group of family partners and co-investors, with output sold into commodity oil and gas markets.

The firm is privately held, with a disclosed headcount of 1-10 employees, reflecting the lean, family-partnership structure. There is no public disclosure of current production volumes, reserves, or revenue, and no indication of active drilling programs following the 2021 Breedlove divestiture, suggesting the partnership is now operating in a harvest-and-allocate mode rather than an active growth-drilling mode.

Name

Roff Oil & Gas

Legal name

Roff Oil & Gas, Ltd.

Website

https://roffoilandgas.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

Roff Oil & Gas is a Houston-based family limited partnership founded in 1999 that invests in and operates upstream oil and gas properties in Texas and Oklahoma, while building a private equity portfolio through Roff Capital Partners.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration and Production

NAICS

Oil and Gas Extraction (2111), Support Activities for Oil and Gas Operations (213112), Support Activities for Mining (2131)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Mineral Rights, Leasing & Land Management (EUALAAAB)

akta.pro secondary industries

Unconventional Gas E&P (Shale/Tight Gas) (EUAAAAAC), OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM)

Keywords

• Oil and gas exploration
• Energy investment services
• Private equity investing
• Petroleum property development
• Working interest partnerships

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Others

Revenue model

1. Oil and Gas Production: ROG generates revenue through ownership and operation of oil and gas wells in Texas and Oklahoma. The company produces and sells oil and gas resources from its operated properties in Martin, Dawson, and Nolan Counties, Texas, as well as non-operated investments in horizontal projects.
2. Private Equity Investments: The Roff family makes financial investments through ROG and Roff Capital Partners (RCP), building a private equity portfolio containing venture, growth, buyout and secondary private equity managers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Roff Oil & Gas, Ltd. is a family limited partnership whose primary business is investing in, owning, and operating oil and gas properties in Texas (Permian Basin – Martin, Dawson, and Nolan Counties) and Oklahoma (non-operated horizontal project in McClain County, among others). The partnership uses in-house resources to identify high-potential drilling programs, retains high percentage ownership in its properties, and also manages private equity investments through Roff Capital Partners (RCP).

Product overview

Roff Oil & Gas (ROG) is a family limited partnership that operates as a single unified investment platform offering two integrated service lines: Exploration and Production Services (core oil and gas operations in Texas and Oklahoma, including owned/operated wells and non-operated investments) and Investment Services (which encompasses both Energy Investment Services for working interests in the Anadarko and Permian Basins, and Private Equity Investment Services through Roff Capital Partners/RCP for diversified private equity portfolio management).

Differentiator

Problem solved

Functional benefit

Products and services

• Exploration and Production Services Core business segment focused on owning and operating oil and gas wells in Texas (Martin, Dawson, and Nolan Counties in the Permian Basin) and Oklahoma (including a significant non-operated horizontal project in McClain County), including property acquisition, petroleum exploration, development, and production activities.
• Energy Investment Services Co-investment offerings including working interests in drilling opportunities in the Anadarko and Permian Basins, non-operated working interest ownership in lateral drilling programs, vertical drilling prospects, and proved developed producing packages with waterflooding or infill drilling potential. Targeted at institutional and private investors seeking energy exposure.
• Private Equity Investment Services (Roff Capital Partners) Private equity portfolio containing venture, growth, buyout, and secondary private equity manager investments, managed in conjunction with the Roff Oil & Gas family investment vehicle and advised by Fund Evaluation Group.

Quantifiable outcome

• Over 25x returns on original investment over 25 years

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Fund Evaluation GroupcoreImplementation/ SI/ Consulting PartnerFund Evaluation Group, an investment consulting company based in Cincinnati, Ohio, advises ROG/RCP on the construction of their private equity portfolio and selection of managers. They provide guidance on building the venture, growth, buyout and secondary private equity manager portfolio.

Scale indicators3 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• Vital Energy: Permian Basin-focused E&P (formed via the Laredo Petroleum and Forge Energy mergers) operating in the Midland Basin. Comparable as a small-to-mid cap Permian operator pursuing similar horizontal development and property acquisition strategies.
• Diamondback Energy: Major Permian Basin pure-play operator that acquired ROG's Mabee Breedlove field in 2013 to launch its horizontal Wolfberry program. Directly comparable as a Permian-focused E&P operating in the same Martin/Dawson County core.
• Apache Corporation: Mid-cap independent E&P with Permian Basin and Anadarko Basin exposure (now APA Corporation after the Altus Midstream separation). Comparable as a multi-basin independent pursuing conventional and unconventional development in the same Texas/Oklahoma regions as ROG.
• Kimbell Royalty Partners: Permian-weighted mineral and royalty partnership that owns non-operated interests alongside operated working interest partners. Comparable to ROG's strategy of retaining high percentage ownership and partnering with operators on Permian drilling.
• Ring Energy: Small-cap pure-play Permian Basin operator focused on the Central Basin Platform and Northwest Shelf in Texas. Comparable in scale and basin focus, with operated wells acquired through property purchases like ROG's Breedlove strategy.
• Laredo Petroleum: Permian Basin operator (now part of Vital Energy) historically focused on the Midland Basin and Eastern Shelf. Comparable to ROG's Permian operations in Martin and Dawson counties and similar waterflood/horizontal development approach.
• Sitio Royalties Corp: Permian-focused mineral and royalty rights aggregator with exposure across the same Delaware and Midland sub-basins where ROG operates. Comparable as a small-cap, mineral-rights-heavy Permian owner-operator with diversified non-operated exposure.

Broad incumbents

• EOG Resources: Largest U.S. independent E&P with significant unconventional oil exposure including the Permian Basin and Eagle Ford. Comparable as a scaled unconventional operator pursuing horizontal development similar to ROG's Wolfberry program.
• Devon Energy: Large diversified U.S. E&P with substantial Delaware Basin position and Anadarko Basin exposure (including Oklahoma). Comparable given ROG's two-basin strategy spanning the Permian and Anadarko.
• Pioneer Natural Resources: Largest Permian Basin operator (now part of ExxonMobil) with dominant Midland Basin acreage including Martin County. Comparable as a major Permian incumbent whose horizontal program validated the play ROG identified in the Mabee Breedlove field.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Roff Oil & Gas