About Us

Formentera Partners buys and operates unconventional oil and natural gas assets in the United States and internationally capturing value from existing shale basins and pioneering new deposits.

Based in Austin, Texas, we are backed by more than $2.9 billion in total investor commitments. We focus on rapidly advancing U.S. shale, capitalizing on our deep drilling and completions expertise to provide reliable distributions and create 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 is also a leader in unlocking international shale, currently developing 1.9M net acres in the Beetaloo Basin of Australia. Along with its wholly owned subsidiary, Daly Waters Energy, we announced a strategic joint-venture partnership with INPEX, one of the world's leading LNG providers, to develop world-scale natural gas resources. 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 battle-tested leadership skills and deep experience across operations, engineering, and finance, and uses comprehensive data analysis, modern technology, and disciplined financial practices to deliver steady, reliable returns.