GulfTex Energy Closes $1.0 Billion Recapitalization, Led by Endurance Investment Partners

SAN ANTONIO--(BUSINESS WIRE)--GulfTex Energy today announced the closing of the recapitalization of GulfTex Energy V (“G5”) into newly formed GulfTex Energy VI (“G6”), led by Endurance Investment Partners (“Endurance” or “EIP”) with additional commitments from GulfTex Management, PGIM Energy Partners, and other minority investors. The transaction includes substantial unfunded equity commitments to support future M&A and continued growth.

The transaction marks an important milestone for GulfTex Energy, a San Antonio-based oil and gas exploration, production and development company with a long-established track record in the Eagle Ford in South Texas. Since entering the Eagle Ford in 2006, GulfTex Energy has leased over 100,000 net acres and drilled more than 150 horizontal wells, building a reputation for disciplined execution, technical excellence and long-term value creation.

“GulfTex Energy VI represents an exciting next chapter for our company,” said Brad Jauer, Founder, Chairman and Chief Executive Officer of GulfTex Energy. “We are proud of the foundation we have built across prior GulfTex Energy vehicles and are excited to partner with Endurance as we move forward. Their deep energy expertise, partnership-oriented approach, and willingness to provide additional growth capital to support our business makes them the ideal lead investor for this recapitalization.”

Endurance is a Dallas-based energy and infrastructure investment platform focused on providing strategic liquidity solutions to maximize the value of private assets.

“What Brad and the GulfTex Energy team have built is exceptional,” said Trey Hatcher, Co-Founder and Partner at Endurance Investment Partners. “Their 20-year track record across six distinct partnerships is phenomenal, and we are excited to support a team that has consistently demonstrated the ability to create value in the Eagle Ford over multiple cycles.”

“GulfTex Energy VI is exactly the kind of opportunity we look for at Endurance—a high-quality Eagle Ford platform backed by a best-in-class management team with deep technical and operating expertise,” said John Spradling, Co-Founder and Partner at Endurance Investment Partners. “Just as importantly, there is strong alignment in this transaction, with the team reinvesting meaningful capital alongside us.”

Mitchell Energy Advisors acted as financial advisor to GulfTex Energy on the transaction. Willkie Farr & Gallagher LLP served as legal counsel to GulfTex Energy on the transaction and GulfTex Energy Management team matters. Kirkland & Ellis LLP served as legal counsel to Endurance.

About GulfTex Energy

GulfTex Energy is a San Antonio-based oil and gas exploration, production and development company focused on the Eagle Ford. GulfTex Energy has built its business through disciplined acquisition, development and operational execution across South Texas. For more information, please visit www.gulftexenergy.com.

About Endurance Investment Partners

Endurance Investment Partners LLC is a Dallas-based energy and infrastructure investment platform that provides flexible, strategic partnership capital to sponsors and management teams to extend duration and maximize the value of private assets. Endurance has a strategic partnership with Rice Investment Group, a multi-strategy investment fund for the Rice family. For more information, please visit www.enduranceip.com.