Fulcrum Energy Capital Funds

Overview

Fulcrum Energy Capital Funds is a Denver, Colorado-based private investment firm focused on direct lower middle market oil and gas investment opportunities in North America. The firm targets privately-negotiated, structured equity, credit, and asset-level investments. Employing a value-oriented approach to upstream investing, Fulcrum seeks to create value through active ownership and leveraging unique industry relationships. The firm aims to take sizable positions in smaller oil and gas companies, enabling it to influence business strategy and operational efficiency through its in-house technical team. Investments are structured to maintain flexibility through varying market conditions, allowing Fulcrum to hold investments over a medium-term horizon or exit opportunistically to maximize value for stakeholders. The Fulcrum team possesses extensive experience in upstream oil and gas across investing, land, operations, engineering, and geoscience. This diverse set of technical skillsets helps inform and guide their investments into well-run companies and attractive underlying assets. Fulcrum has invested in onshore conventional and unconventional upstream oil and gas assets across the United States, along with several select upstream adjacent businesses. The firm operates and manages certain assets in-house on behalf of investors through an affiliate, Fulcrum Energy Operating, LLC. In 2019, Fulcrum announced the formation of Pachira Oil & Gas, a new portfolio company, and its acquisition of over 10,000 net acres of leasehold in the Eagle Ford Shale Play in South Texas. The assets include existing production comprised of approximately 90% oil, from more than 20 net operated horizontal wells. This acquisition provided Fulcrum increased exposure to the premium-priced Gulf Coast crude market, with Louisiana Light Sweet (LLS) crude trading more closely with the international Brent pricing benchmark than with West Texas Intermediate. The high-quality resource is also located near refining and export demand centers in the Gulf of Mexico. Fulcrum Energy Capital Funds continues to seek investment opportunities where it can leverage its strong reputation and operational expertise to invest in transactions in the lower middle market, where access to capital is limited, and the firm can optimize for strong returns at a lower risk. The firm's disciplined investment strategy is set to capitalize on opportunistic and special situation investing across the capital structure by implementing a value-oriented investment philosophy to an industry that is largely focused on growth. For more information, please visit fulcrumef.com.

Investment Focus

• Active ownership
• Operational expertise
• Medium-term investment horizon

Portfolio Companies