Piedra Resources III, LLC

Based in the US, Piedra Resources III, LLC specializes in oil and gas exploration and offers comprehensive services tailored for energy producers and stakeholders in the energy sector. Piedra Resources III, LLC focuses on oil and gas exploration, formed in 2004 and headquartered in Midland, US. EnCap Flatrock Midstream acquired the company in June 2014, though financial terms were not disclosed. The company has engaged in one deal to date.

Piedra Resources, LLC specializes in oil and gas exploration, providing comprehensive services that cater to the needs of energy producers and stakeholders in the energy sector. The company focuses on identifying and developing oil and gas reserves, employing advanced geological and engineering techniques to assess resource potential and feasibility. Their service offerings include land management, title and contracts negotiation, and operational support, which are essential for optimizing resource extraction and ensuring compliance with regulatory frameworks. The clientele primarily consists of energy companies and investors looking to enhance their portfolios through reliable resource development.

Piedra Resources operates primarily in key oil-producing regions across the United States, leveraging its expertise to serve clients engaged in both upstream and midstream activities. Piedra Resources, LLC generates revenue through a structured transaction model that includes partnerships and direct business-to-business engagements with clients in the oil and gas sector. The firm enters into agreements that may involve joint ventures and service contracts, enabling clients to access its expertise in exploration and land management. These transactions can encompass various pricing structures, including fixed fees for consulting services, revenue-sharing arrangements on resource extraction, and service retainers for ongoing operational support.

The company’s flagship offerings, which are designed for efficiency and compliance, form the foundation of its revenue model, positioning it as a key player in the competitive landscape of oil and gas exploration. Following its acquisition in 2014, Piedra Resources III, LLC aims to enhance its service offerings and expand its market presence. Current initiatives include developing new products and optimizing existing services in the oil and gas sector. Specific geographical markets targeted for expansion include various key oil-producing regions in the US.

The funding received from the acquisition is anticipated to support these growth strategies, allowing for enhancements in operational capabilities and service delivery.