Carnelian Energy Capital

Parallax Energy is an exploration and production company based in Canada, specializing in the acquisition, development, and operation of energy assets. The company focuses on upstream activities, engaging in energy exploration and production services to optimize operational efficiency and profitability. Through its commitment to identifying and developing strategic opportunities, Parallax Energy aims to enhance its portfolio and deliver value in the evolving energy market.

Alta Mar Energy is a full-cycle, upstream company that specializes in non-operated investments.

Bison Oil & Gas is an exploration and production company founded in 2015 and based in Denver, Colorado. The company is focused on acquiring and developing oil and gas properties primarily in the Rocky Mountain region, particularly in the DJ Basin located in Colorado and Wyoming. Bison Oil & Gas aims to enhance its market position through leasing, acquisition, and joint ventures. Committed to responsible and ethical development, the company utilizes advanced technology to optimize operations and deliver value to both shareholders and stakeholders.

Hawthorne Energy is a privately held oil and natural gas exploration and production company that focuses on the acquisition of assets. The company was founded in 2020 and is headquartered in Stamford, Connecticut.

SandPoint Resources, LLC is an independent oil and gas company based in San Antonio, Texas, founded in 2018. The company specializes in acquiring and developing upstream oil and gas assets, focusing on select onshore North American basins. SandPoint Resources employs various technologies to drill and complete horizontal wells, aiming to maximize value for its stakeholders through effective resource management and development strategies.

Catena Resources, LLC is an independent oil and natural gas company based in Houston, Texas, specializing in the acquisition, development, and operation of oil and natural gas properties across North America. Founded in 2018, the company focuses on unconventional resource development, leveraging its expertise to manage and enhance the value of its energy assets.

Driftwood Energy is an upstream oil and gas company based in Dallas, Texas, that specializes in the acquisition and horizontal development of operated properties, particularly in the Permian Basin. Founded in 2017, Driftwood Energy focuses on maximizing the potential of its assets through strategic development and operational efficiency.

Grit Oil & Gas is an upstream company focused on creating value through the acquisition, development and operation of oil and gas assets. Grit is partnered with Carnelian Energy Capital, a Houston-based energy private equity firm.

Percussion Petroleum II, LLC is an oil and gas company based in Houston, Texas, that specializes in the acquisition and development of onshore basins in North America. Established in 2015, the company targets various opportunities for exploitation within these basins, enhancing its portfolio through strategic acquisitions.