Terra Energy Partners (“Terra”) is a privately-held oil and gas exploration and production company headquartered in Houston, Texas. Terra was founded in early 2015 by Michael S. Land and a senior management team whose many decades of collective industry experience includes M&A, business development, engineering and operations leadership across multiple U.S. basins.
In early 2016, Terra management partnered with Kayne Anderson and Warburg Pincus to acquire the WPX Energy Piceance Basin assets in Colorado. Terra currently produces over 500 MMcfe per day of natural gas and associated liquids and is one of the largest producers of natural gas in Colorado and one of the largest privately-held natural gas producers in the United States.
Even through challenging price environments, Terra continues to perform well. Terra’s management has positioned the Company to withstand an extended period of lower natural gas prices by pursuing opportunities to lower operating costs and improve margins while maintaining conservative financial leverage. We encourage our employees to bring innovative ideas and an entrepreneurial mindset to the forefront, and therefore continue to find savings and further efficiencies.
Terra continuously evaluates business development prospects that would enhance the Company’s scale in the United States and diversify its commodity or basin exposure.
