Piedra Resources

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Piedra Resources - overview

Established

2004

Location

-, TX, US

Primary Industry

Oil & Gas

About

Piedra Resources, LLC specializes in oil and gas exploration, offering comprehensive resource extraction solutions and management services to clients in the energy sector. Founded in 2004 in Midland, US, Piedra Resources focuses on oil and gas exploration and management. The company has undergone strategic developments, including its acquisition by EnCap Flatrock Midstream in 2011. As of now, it has completed one deal, with no subsidiaries mentioned.


Piedra Resources, LLC focuses on oil and gas exploration, providing comprehensive solutions for resource extraction and management in the energy sector. Their core offerings include geological assessments, drilling services, and land management, which are instrumental in identifying potential reserves and optimizing extraction processes. The company caters primarily to oil and gas operators and developers seeking to enhance their resource portfolios in strategic markets, including the Permian Basin and other energy-rich regions across the United States. Their expertise in title management and contract negotiations further simplifies the operational challenges faced by clients, enabling efficient access to vital resources.


Piedra Resources aims to deliver reliable and tailored services that meet the unique demands of its diverse client base, ultimately supporting sustainable energy initiatives. Piedra Resources, LLC generates revenue through a structured model primarily centered on B2B partnerships and service agreements with oil and gas operators. The company's transactions involve direct service contracts, where clients engage Piedra for exploration and drilling services in exchange for fees based on project scope and duration. These agreements also incorporate land management services, ensuring compliance and operational efficiency.


While specific pricing plans for their offerings are not disclosed, the revenue model aligns with industry standards, emphasizing both upfront project costs and potential performance-based incentives. The company's focus on reliability and expertise positions it as a trusted partner within the sector, fostering long-term relationships that contribute to sustained financial growth. Looking ahead, Piedra Resources is strategizing to expand its reach into new markets, particularly targeting emerging energy regions across the United States by 2025. Recent funding from the acquisition in 2011 will support these growth initiatives, enabling the development of new services aligned with advancing technologies in oil and gas extraction.


The company aims to enhance its product offerings while maintaining its commitments to sustainable practices.


Current Investors

EnCap Investments

Primary Industry

Oil & Gas

Sub Industries

Oil & Gas Exploration and Production

Website

http://www.piedrallc.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Piedra Resources - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedPiedra Resources-

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Piedra Resources - employee data

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