About Us

Formentera Partners is a private investment firm focused on energy. We buy, operate, and improve unconventional oil and natural gas assets in the United States and strategic international shale basins.

Based in Austin, Texas, we are backed by more than $2.8 billion in total investor commitments. We focus on responsibly operating mature production with priority on generating free cash flow, providing reliable distributions, and creating long-term value. We produce nearly 70,000 barrels of oil equivalent each day from roughly 3,900 wells, with a balanced production mix.

We directly employ more than 300 employees who support our operations in Texas, Oklahoma, North Dakota, Louisiana, Mississippi, and Pennsylvania.

Formentera, and its wholly owned subsidiary, Daly Waters Energy, announced a strategic joint-venture partnership with INPEX, one of the world's leading LNG providers, to develop world-scale natural gas resources in Australia's Beetaloo Basin. The collaboration brings together Formentera's leading shale expertise and INPEX's global LNG capabilities to establish a new domestic natural gas source for Australia and support future LNG exports to premium markets around the world.

Formentera was started in 2020 by Bryan Sheffield and Blake London and later joined by partners Paul Treadwell and Stephanie Reed. This experienced partnership has worked together for more than a decade. The team brings deep experience across operations, engineering, and finance, and uses comprehensive data analysis, modern technology, and disciplined financial practices to deliver steady, reliable returns.