Luxe Minerals LLC

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Latest News & Activity




Capital Raised


Announced DateAmount($MM) Type Headline
Mar-13-2017 Equity Commitment Luxe Minerals Scores $254 Million From NGP
Total
More Financing...


About


Luxe Minerals LLC (“Luxe Minerals”) is a privately owned Austin, Texas-based company that acquires mineral and royalty interests in premium unconventional liquids-rich basins throughout the United States. Luxe Minerals was formed in March 2017 with an approximately $254 million equity commitment from NGP through Natural Resources XI, L.P. and the Luxe Minerals management team. Co-Founders A. Lance Langford and Jeff Larson, have worked together for over 25 years at Burlington Resources, Brigham Exploration, and Statoil. While at Brigham and Statoil, Lance and Jeff served as executives, and drove both companies’ success and significant growth in the Bakken, drilling and completing more than 500 horizontal wells with 10,000 foot laterals.

In May of 2015, Lance and Jeff founded Luxe Energy LLC with a $500 million equity commitment from NGP through Natural Resources XI, L.P. Eighteen months from formation, and after spending a portion of their original commitment, Luxe Energy divested its Delaware Basin assets to Diamondback Energy, Inc. for $560 million.

In October 2016, Luxe Energy announced a new $524 million equity commitment from NGP and the Luxe management team. The Luxe Energy team is currently seeking investment opportunities in large-scale operated positions in the same seven oily basins as Luxe Minerals.



6500 River Place Blvd
Bldg 5, Ste 150
Austin Texas 78730
Phone Number
(512) 640-7073






Personnel (7 people)

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CEO
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COO
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CFO
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VP Reservoir Engineering
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VP Business Development
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VP & General Counsel
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President
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Frist Name Last Name Title Email Phone
A. Lance Langford CEO LLangford@LuxeEnergy.com
Jeffery E. Larson COO JLarson@LuxeEnergy.com
Kris A. Simpson CFO KSimpson@LuxeEnergy.com
Michael A. Thibodeau, P.E. VP Reservoir Engineering MThibodeau@LuxeEnergy.com
Russell R. Rankin VP Business Development RRankin@LuxeEnergy.com
Sam D. Patranella VP & General Counsel SPatranella@LuxeEnergy.com
Ted Williams President TWilliams@LuxeEnergy.com

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