Lithos Resources
Lithos Resources II is a newly formed company, based in Denver, Colorado, focused on creating significant shareholder value through investments in and active management of assets in the upstream energy space. Committed to innovation and strategic growth, we will leverage our diverse expertise to navigate the complexities of the industry and drive sustainable success. Join us as we explore the next frontier in oil and gas.
Lithos Resources
Strategic Opportunity
A number of factors are converging to make this a uniquely attractive time to deploy capital in the domestic upstream space including
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Energy demand, particularly for fossil fuels, will continue to grow for decades to come, driven by growth in developing countries and developed country power generation needs
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The consolidation wave which occurred in the upstream space over the last 24 to 36 months has resulted in larger companies high-grading the larger portfolios creating attractive investment opportunities for new entrants.
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Depressed natural gas pricing will benefit from growing domestic and international demand combined with a new administration in the US which is more supportive of infrastructure build out
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History of Value Creation
The Lithos management team has worked together in various combinations for nearly two decades, with a proven track record of creating value through various commodity price and economic cycles and in numerous US onshore basins.
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Unique Market Backdrop
The recent wave of consolidation in the upstream sector has led larger companies to high-grade their portfolios, creating development-ready opportunities for smaller entrants like Lithos. As capital discipline intensifies and rig counts flatten, many quality assets will be deprioritized by larger firms—yet remain attractive for others to pursue.
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Natural Gas Opportunities
Natural gas will continue to play an important role both domestically and internationally as demand for energy, especially electricity, continues to accelerate and before renewable fuels are ready to take on a more significant role in meeting these needs. Additionally, the current administration is more aggressively promoting the build out of pipelines, natural gas fired electricity generation and LNG export terminals.
Our History
Lithos Resources I:
Shortly after its founding, Lithos Resources I entered into a business combination transaction with Legacy Reserves and as a result the Lithos management team took over Legacy Reserves shortly following its emergence from Chapter 11 reorganization proceedings. The company was then renamed Revenir Energy. Over the following four years the management team continuously high-graded its asset bases through a combination of 50+ acquisitions, 20+ divestitures and countless leasing transactions to build one of the most attractive asset bases in the Permian and East Texas. At the direction of its majority shareholders, the company then disposed of all of its assets and returned the net proceeds to its shareholders reflecting attractive gains.
Lithos Resources II:
Following the successful sale of Revenir Energy, the Lithos management team has reunited and is actively pursuing opportunities and investments in the upstream energy sector. With over 20 years of collaboration in various capacities, the team brings extensive experience in value creation, particularly in the Permian Basin. Our collective expertise spans finance, land, business development, engineering, and geology, along with deep knowledge of both private and public markets. This integrated perspective positions us to identify and capitalize on compelling opportunities across the energy landscape.
Market Outlook
Public markets favor larger companies, driving consolidation of small and midcap firms into bigger players. Acquirors focus on top assets, leaving Tier II assets with strong returns but less capital. These assets are now being sold, offering opportunities for startups and smaller PE-backed companies. Lithos Resources II aims to capitalize on this by leveraging its experienced team.