Tri-C Energy Partners, LLC

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Tri-C Energy Partners, LLC - overview

Established

1985

Location

Houston, TX, US

Primary Industry

Oil & Gas

About

Tri-C Energy Partners, LLC is focused on the acquisition and operation of conventional oil and gas properties in the Gulf Coast, primarily in Texas. The company emphasizes strategic asset management for enhanced production and cash flow generation. Tri-C Energy Partners, LLC was founded in 1985 and is headquartered in Houston, US, specializing in the energy sector with a focus on oil and gas properties. The company has engaged in a single investment deal, with Post Oak Energy Capital investing in June 2017.


Scott Cone, the founder, has a history in energy investments and management. Tri-C Resources specializes in acquiring and managing conventional oil and gas properties along the Gulf Coast, focusing on producing assets in Texas. The company leverages a privately funded group of investors to generate cash flow from its operations, which includes drilling and production of hydrocarbons. Its primary clientele includes regional and national oil refineries and other energy companies requiring crude oil and natural gas for refining and distribution, with a strategic operational footprint across various locations in Gulf Coast, Texas.


Tri-C Resources earns revenue from its oil and gas operations, particularly through ongoing cash flow from producing properties. The company's revenue model revolves around B2B transactions with stakeholders in the oil and gas sector, ensuring efficient distribution of its products through production agreements and partnerships with refineries and energy companies. By maintaining operational efficiency, Tri-C aligns its financial returns to meet market demands and investor expectations. In 2017, Tri-C Energy Partners received investment from Post Oak Energy Capital, although financial terms were not disclosed.


The company plans to utilize recent funding to enhance operational capabilities and potentially explore new geographic regions for expansion. Specific targets for growth are not detailed in the available information, but the focus remains on strengthening existing operations and maximizing cash flow generation.


Current Investors

Post Oak Energy Capital

Primary Industry

Oil & Gas

Sub Industries

Oil & Gas Equipment and Services, Oil & Gas Exploration and Production

Website

http://www.tricresources.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Tri-C Energy Partners, LLC - 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)
GrowthCompletedTri-C Energy Partners, LLC-

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