TenOaks Energy Advisors, LLC: Company Profile
Background
Overview
TenOaks Energy Advisors, LLC, established in January 2015, is an independent advisory firm specializing in divestitures, mergers and acquisitions (M&A), and capital raising services for energy companies across the oil, gas, and renewable sectors. The firm is headquartered in Addison, Texas, and has a team of approximately 23 employees.
Mission and Vision
TenOaks is committed to assisting clients in achieving their transaction objectives through meticulous execution, upholding a high standard of integrity and service. The firm emphasizes the importance of relationships and trust in delivering results, tailoring each mandate with a hands-on, customized approach.
Primary Area of Focus
The firm's primary focus encompasses divestitures, M&A, and capital raising advisory services within the upstream, midstream, and oil field service sectors of the energy industry. Additionally, TenOaks has expanded its expertise into the renewable and sustainability sectors, reflecting its adaptability to evolving market dynamics.
Industry Significance
Since its inception, TenOaks has completed over 400 transactions with an aggregate value exceeding $8 billion, underscoring its significant presence and credibility in the energy advisory sector.
Key Strategic Focus
Core Objectives
TenOaks aims to provide independent, best-in-class advisory services, focusing on delivering customized solutions that maximize value for clients in the energy sector.
Specific Areas of Specialization
- Divestitures and M&A Advisory: Guiding clients through the sale and acquisition of assets, ensuring optimal transaction outcomes.
- Capital Raising: Assisting companies in securing necessary capital to support growth and operational needs.
- Renewable and Sustainability Advisory: Expanding into renewable energy and sustainability sectors, offering advisory services tailored to these emerging markets.
Key Technologies Utilized
While specific proprietary technologies are not detailed, TenOaks leverages a combination of financial, technical, and market intelligence to inform its advisory services.
Primary Markets or Conditions Targeted
TenOaks serves clients across the continental United States, focusing on both conventional oil and gas and renewable energy sectors, adapting to the evolving energy landscape.
Financials and Funding
Funding History
As a privately held firm, specific details regarding TenOaks' funding history are not publicly disclosed.
Total Funds Raised
The firm has not publicly disclosed the total funds raised.
Notable Investors
Information about individual investors is not publicly available.
Intended Utilization of Capital
Capital raised is likely utilized to support the firm's advisory operations, expand service offerings, and invest in technological and human resources to enhance service delivery.
Pipeline Development
Key Pipeline Candidates
TenOaks has been involved in various advisory roles for asset sales and acquisitions, including:
- Hunt Oil Co. Diversified Mineral and Royalty Acquisition Opportunity: Marketed in June 2024.
- KJ Energy Operated Portfolio in East Texas: Marketed in April 2024.
- Henry Resources Non-Operated Melinda Asset, Midland Basin: Marketed in October 2022.
- Rising Phoenix Diversified Mineral, Royalty Divestiture: Marketed in October 2022.
- EOG Resources Operated Texas Panhandle Properties: Marketed in September 2022.
Stages of Clinical Trials or Product Development
As an advisory firm, TenOaks does not engage in clinical trials or product development.
Target Conditions
The firm's advisory services target various conditions within the energy sector, including asset divestitures, mergers, acquisitions, and capital raising initiatives.
Relevant Timelines for Anticipated Milestones
Specific timelines for individual transactions are determined by client needs and market conditions, with details provided during the engagement process.
Technological Platform and Innovation
Proprietary Technologies
TenOaks does not publicly disclose proprietary technologies.
Significant Scientific Methods
The firm employs a combination of financial analysis, technical evaluations, and market intelligence to inform its advisory services.
AI-Driven Capabilities
There is no public information indicating the use of AI-driven capabilities within TenOaks' operations.
Leadership Team
Key Executive Profiles
- Jason Webb: Partner at TenOaks Energy Advisors, leading various advisory engagements.
- Lindsay Sherrer: Partner, focusing on divestiture and M&A advisory services.
- B.J. Brandenberger: Partner, specializing in capital raising and advisory services.
- Clayton Snyder: Director of Geology, providing technical evaluations for advisory services.
- Jeevak Mattamana: Partner of Engineering, offering engineering insights for asset evaluations.
- Carson Riggan: Vice President, leading the firm's sustainability practice.
In 2023, TenOaks expanded its service offerings by launching an energy sustainability practice, led by new partner Eric Wenick, who brings 25 years of experience in investment banking and private equity.
Competitor Profile
Market Insights and Dynamics
The energy advisory market is characterized by a diverse range of firms offering services in divestitures, M&A, and capital raising. The sector is experiencing growth due to increased activity in both traditional oil and gas and renewable energy markets.
Competitor Analysis
Key competitors include:
- Detring Energy Advisors: Specializes in energy advisory services with a focus on the lower middle market.
- EnergyNet.com: Provides online auction platforms for energy assets, facilitating transactions in the sector.
- Meagher Energy Advisors: Offers advisory services in the energy sector, focusing on asset divestitures and acquisitions.
Strategic Collaborations and Partnerships
TenOaks has engaged in various partnerships to enhance its service offerings, including:
- Rising Phoenix Royalties: Collaborated to market a diversified mineral and royalty portfolio in October 2022.
- NativState: Acted as the exclusive advisor in a partnership with THE INLANDSIS FUND to support nature-based carbon removal projects.
Operational Insights
TenOaks differentiates itself through a combination of financial, technical, and market intelligence, providing customized advisory services that maximize value for clients. The firm's expansion into renewable and sustainability sectors positions it to capitalize on emerging market opportunities.
Strategic Opportunities and Future Directions
The firm's strategic roadmap includes:
- Expansion into Renewable Energy: Enhancing advisory services in the renewable and sustainability sectors to meet evolving market demands.
- Leveraging Technical Expertise: Utilizing in-house technical evaluations to provide comprehensive advisory services.
- Strengthening Client Relationships: Continuing to build trust and deliver customized solutions to clients across various energy sectors.
Contact Information
Official Website
tenoaksenergyadvisors.com
Social Media Profiles
- LinkedIn: TenOaks Energy Advisors
Note: Specific contact details such as email addresses and phone numbers are not publicly disclosed.
