Saxet Petroleum, Inc. - Market Research Report

Overview

Saxet Petroleum, Inc. is an established oil and gas exploration and production company based in Houston, Texas. Founded in 1992, Saxet focuses on domestic projects in the onshore Gulf Coast and South Texas. Over the years, the company has evolved to emphasize mineral/royalty acquisition and management. The company's operations are managed by a team with extensive experience across various disciplines, including management, finance, land, and accounting.

Key Personnel

Robert E. O’Brien

Title: President
Email: [robrien@saxetco.com](mailto:robrien@saxetco.com)
Phone: (713) 243-8400

Robert E. O’Brien is the co-founder and President of Saxet Petroleum, Inc. With over 32 years of experience in the oil and gas industry, Robert has founded several successful start-up ventures. He oversees the daily operations and strategic direction of Saxet, including land, engineering, business development, and accounting. Robert holds a B.B.A. in Business Finance from Southern Methodist University.

Sia M. Wells

Title: Chief Financial Officer
Email: [swells@saxetco.com](mailto:swells@saxetco.com)
Phone: (713) 243-8413

Sia joined Saxet in 2014 and has held various accounting and finance roles before becoming CFO. She is responsible for evaluating potential acquisitions, monitoring asset performance, and preparing financial reports for investors and management. Sia graduated cum laude with a B.B.A. in Accounting from the University of Houston-Downtown in 2010.

Amy Pearman

Title: Controller
Email: [apearman@saxetco.com](mailto:apearman@saxetco.com)
Phone: (713) 243-8408

Amy has been with Saxet since 1996. As Controller, she manages the accounting staff and oversees day-to-day accounting functions such as revenue entry, accounts payable, payroll, and year-end audits. She holds a B.B.A. in Accounting from the University of Houston-Downtown.

Jake Smith

Title: Vice President - Land and Legal
Email: [jsmith@saxetco.com](mailto:jsmith@saxetco.com)
Phone: (713) 243-8422

Jake joined Saxet in 2019 and works on various land and royalty projects, providing legal counsel and assisting in acquisitions. He has a diverse background as a Landman and legal advisor, having worked previously at Contango Oil & Gas Company and ConocoPhillips. Jake holds a Bachelor of Arts from Sam Houston State University and a Doctor of Jurisprudence from Thurgood Marshall School of Law.

Emily Qualls

Title: Sr. Accountant
Email: [equalls@saxetco.com](mailto:equalls@saxetco.com)
Phone: (713) 243-8404

Emily has been with Saxet since 2005 and is responsible for processing and reconciling revenue payments, accounts payable, payroll, and bank reconciliation. She provides quarterly financial analysis for management reporting. Emily holds a B.A. in Psychology from Texas A&M University and a B.B.A. in Accounting from the University of Houston-Downtown.

Lauren Heitmann

Title: Executive Assistant
Email: [lheitmann@saxetco.com](mailto:lheitmann@saxetco.com)
Phone: (713) 243-8403

Lauren joined Saxet in 2015. Her duties include office management and supporting senior executives. Lauren previously worked as a healthcare information systems consultant and an academic educator. She holds a B.S. in Biomedical Engineering cum laude from Texas A&M University.

Historical and Strategic Developments

Saxet's notable milestones include multiple partnerships and restructuring efforts aimed at strengthening its focus on mineral/royalty acquisition:

1998: Partnered with Quantum Energy Partners to form Saxet Energy, Ltd.

2005: Formed Saxet Energy II, LP, focusing on non-operated exploration and development.

2010-2013: Transitioned focus from exploration to mineral/royalty acquisition.

2014-2016: Formed various partnerships, including Saxet I Minerals, LLC.

2017-2018: Established Saxet II and III Minerals, LLC, investing in multiple U.S. basins.

2022: Created SRO 22, LLC, for investments in the Utica/Point Pleasant play in Eastern Ohio.

Current Operations

Saxet manages minerals/royalties spanning 6 states and 75 counties. The company's expertise in upstream exploration and production (E&P) is a significant asset in its mineral/royalty acquisition strategy. Saxet's team, with its extensive experience, remains committed to navigating industry cycles and exploiting opportunistic market conditions.

For more information about Saxet Petroleum, Inc., please refer to their [website](https://www.saxetco.com/).

Competitor Profile

Overview

Saxet Petroleum, Inc., headquartered in Houston, Texas, is a privately-held company founded in 2008 specializing in the oil and gas industry. The company emphasizes mineral and royalty acquisitions and has significant expertise in this domain due to a collective experience of over 200 years among its team members. The company is actively seeking mineral/royalty acquisitions across the United States, leveraging its extensive industry experience.

Key Contact Information:

Phone: +1 713-783-4883

Website: [riplpsaxet.com](http://riplpsaxet.com)

Primary Location: 510 Bering Drive, Suite 600, Houston, TX 77057, US

Financial Review

Annual Revenue: $25 million

Total Funding: $100 million, with the last funding round being a private equity round on September 20, 2018, backed by Post Oak Energy Capital.

Employee Metrics

Total Employees: 7

Employee Retention: 0.0%

1 Year Growth: -16.7%

Technologies Utilized

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Google Analytics (Analytics and Tracking)

Apache (Load Balancers)

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Mobile Friendly (Other)

Competitors and Market Position

Saxet Petroleum operates within a highly competitive landscape in the oil and gas sector. The information gathered indicates major competitors include:
1. Crownrock LP
2. Atomic Capital
3. Wapiti Energy
4. Southern Newspapers, Inc.
5. Buffalo Bayou Holdings
6. Mesa Minerals Partners III, LLC
7. XCL Resources

Competitive Insight

Competitor Focus: Competitors like Crownrock LP, Atomic Capital, and Wapiti Energy are also entrenched in the oil and gas sector, particularly in mineral and royalty acquisitions. Observations detail noteworthy overlaps in service offerings and target markets with Saxet Petroleum.

Innovative Edge: The Houston-based team brings over 200 years of accumulated expertise in the mineral/royalty acquisition sphere, suggesting a profound understanding of commodity cycles and long-term market strategies.

Productivity: The latest available data highlighted an increment in production metrics for some competitors, such as a 0.3% increase noted for Saxet Oil.

Strategies and Business Practices

Long-Term Focus: The Saxet team emphasizes a long-term approach to commodity cycles, positioning themselves as resilient and adaptable to market shifts.

Acquisition Guidelines: Detailed acquisition guidelines are published on their website, which may be crucial for maintaining transparency and attracting potential partners and clients.

Notable Alumni

Several former employees have proceeded to influential positions in other organizations, exemplifying the high caliber of professionals associated with Saxet Petroleum: