Resource Energy Partners LLC (“Resource Energy”) is an upstream energy development company formed in 2015 to acquire, joint venture, and farm-in existing producing properties by providing expertise and capital to optimize production. The Resource Energy team has decades of combined experience in resource play evaluations, capture, testing and development in over 15 resource basins in the US and internationally. The team is dedicated to using state of the art evaluation, drilling, and completion technologies while providing financial discipline to optimize production revenues in a challenging price environment. The team has a long standing reputation for conducting resource operations in a cost effective, safe, and reliable manner.
Prior to the formation of Resource Energy, the team built Source Energy which was started in 2010 to pursue shale resources in Europe. Source Energy secured 380,000 acres in Poland and 80,000 acres in Germany. Source Energy successfully monetized both assets in late 2011 as the company shifted its focus and established investments in Colombia, South America and the Mississippi Lime, Woodford and other shallow producing formations principally in Kansas and Colorado.
Between 2011 and 2014 Source Energy secured over 350,000 acres and operated total fluid production of 35,000 bbls/day in the Mississippi Lime play located in Kansas. The company owned a total of 48 wells (Horizontal, Vertical & Water Disposal wells), installed 22 miles of formation water infrastructure, and acquired over 350 sq. miles of state of the art 3D seismic data. In Colombia South America, Source amassed over 300,000 acres with 425 square miles of 3D seismic, 2,800 miles of linear 2D seismic, multiple well logs and core analysis in what is known to be a world class generating shale of the Middle Magdalena – La Luna resource play. The Colombia asset has secured an additional line of equity from the previous investor group and is pursuing unconventional partnerships under the name La Luna Resources LP.
April 26, 2017 - Resource Energy Can-Am LLC and Blue Ridge Mountain Resources, Inc. Sign Asset Purchase Agreement for Williston Basin Assets in Divide County, ND
Resource Energy Can-Am LLC (“Resource Energy”) and Blue Ridge Mountain Resources, Inc. (“Blue Ridge Mountain Resources”) announced today that they have entered into a definitive Asset Purchase Agreement whereby Resource Energy will acquire Blue Ridge Mountain Resources’ Divide County, North Dakota properties in the Bakken play.
March 16, 2017 - CEO Paul Favret Participates in 2017 DUG Conference Tech Roundtable
November 7, 2016 - Resource Energy Can-Am LLC Completes Purchase of Samson Resources’ Williston Basin Assets