First Reserve

First Reserve, established in 1983, is a global private equity firm headquartered in Stamford, Connecticut. With over $32 billion raised and 40 years of industry expertise, the firm specializes in investing in the energy sector, focusing on energy-related manufacturing, services, reserves, renewables, and infrastructure. First Reserve's investment strategy spans across North America, Central Asia, and China, targeting companies with enterprise values ranging from $300 million to $4 billion. The firm aims to create value through operational improvements, add-on acquisitions, and strategic repositioning, ultimately generating returns for its investors.

Thomas Amburgey

Managing Director

Edward Bialas

Managing Director

Adi Blum

Managing Director

William Brown

Managing Director

Wesley Fischer

Vice President

Larry Henry

Managing Director

Yuri C. Larrabee

Director

Nick Lednicky

Vice President

Jonathan T. Lee

Vice President

Ryan Nicholson

Vice President

Eduard Ruijs

Managing Director

Blake H. Seline

Vice President

Dmitry Serov

Associate

Sukant Sethi

Associate

Paul Steen

Managing Director

Todd Tomlin

Managing Director and Co Head of Capital Formation

Alex Williams

Managing Director

Neil A. Wizel

Managing Partner

Past deals in Fossil fuels

Palmdale Oil Company

Private Equity Round in 2023
Palmdale Oil Company is a wholesale distribution firm specializing in petroleum fuels and lubricants. The company provides comprehensive services to meet commercial fuel requirements, including the delivery of various fuels and lubricants. Its product offerings encompass a full range of gasohol and distillate products, as well as essential chemicals such as diesel exhaust fluid, coolants, solvents, degreasers, brake cleaners, and soaps. By addressing the diverse needs of its clients, Palmdale Oil Company enables businesses to efficiently manage their fuel and lubricant supplies, while also reducing the potential for misuse.

Phillips 66

Post in 2022
Phillips 66 is a diversified energy company that operates across the downstream sector. It owns and operates 11 refineries with a combined crude oil processing capacity of 1.8 million barrels per day, producing a range of fuels and petrochemical products. The company's midstream segment includes extensive transportation and natural gas liquids (NGL) processing assets, with DCP Midstream, a 50% owned joint venture, being one of the largest NGL producers and pipeline operators in the U.S. Phillips 66 also has a significant chemicals business, CPChem, which produces olefins and polyolefins. The company's business model is further supported by Phillips 66 Partners, a master limited partnership that provides fee-based transportation and processing services, primarily to Phillips 66.

Lamons

Acquisition in 2019
Lamons is a manufacturer in the oil and energy sector, focusing on industrial sealing solutions for the petroleum refining, petrochemical, and oil field markets. The company specializes in producing gaskets, fasteners, hose assemblies, and specialty bolts, all of which are designed to meet the needs of mission-critical applications. Lamons ensures that its products are readily available for immediate delivery, providing clients with efficient access to essential equipment. Through its commitment to quality and reliability, Lamons plays a vital role in supporting the operational demands of the energy industry.

Lucero Energy

Post in 2018
Lucero Energy is an independent oil company that specializes in the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations located in the Williston Basin of North Dakota. The company is engaged in consolidating interests in these formations, focusing on enhancing its operational efficiency and maximizing resource extraction. Through its strategic initiatives, Lucero Energy aims to capitalize on the rich hydrocarbon potential of the region, positioning itself as a significant player in the North Dakota oil industry.

Lucero Energy

Post in 2018
Lucero Energy is an independent oil company that specializes in the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations located in the Williston Basin of North Dakota. The company is engaged in consolidating interests in these formations, focusing on enhancing its operational efficiency and maximizing resource extraction. Through its strategic initiatives, Lucero Energy aims to capitalize on the rich hydrocarbon potential of the region, positioning itself as a significant player in the North Dakota oil industry.

Amromco Energy

Private Equity Round in 2011
Amromco Energy LLC is an independent exploration and production company headquartered in Houston, Texas, with additional offices in New York and Romania. The company specializes in enhancing existing oil and gas fields, primarily in emerging markets such as Romania, where it has made significant contributions to hydrocarbon production. Amromco is notable for being the first private entity to produce hydrocarbons in Romania in fifty years, having commenced gas production in June 2003. It operates enhancement activities across twenty-eight gas fields in Romania and is actively seeking further opportunities in Romania and other Central and South East European countries. The company's operations encompass drilling, location preparation, and the management of natural gas production services.
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