Luxe Energy LLC (“Luxe Energy” or the “Company”) is an oil and gas company based in Austin, Texas. The Company was formed April 30, 2015, with a $500 million equity commitment from NGP Natural Resources XI, L.P. (“NGP”), and management.
In January, 2016, the Company purchased approximately 20,000 acres in the Delaware Basin. The company sold its Delaware Basin position on September 1, 2016 for $560 million to Diamondback Energy, Inc.
Most recently the Company announced in October 2016 a new approximately $524 million equity commitment from NGP and management.
The Company’s strategy is to acquire unconventional oil properties in liquids rich basins throughout the United States, and to apply innovative technologies to drive operational excellence.
Co-Founders A. Lance Langford and Jeff Larson, have worked together for over 25 years at Burlington Resources and more recently as executives at Statoil. Prior to joining Statoil, Lance and Jeff served as executives for Brigham Exploration (“Brigham”), and drove Brigham’s success in the Bakken. Lance and Jeff continued to manage Brigham’s significant growth in the play through the merger with Statoil in 2011, until leaving to form Luxe.
Pursue acquisitions and strategic partnerships in premium unconventional liquids rich basins
Our primary focus is on opportunities where our operational efficiency, reservoir management and geological expertise will enhance value and returns
Our track record of industry-leading horizontal operations, combined with our commitment to safety, make us an ideal partner for landowners and partners
We are committed to operating with the highest level of focus on the safety and the welfare of our personnel, landowners and our operating partners
Our top priority is the safety of our employees, protection of the environment, and the communities in which we live and work
Luxe Energy will acquire and develop unconventional oil properties in liquids rich basins throughout the United States. We will drive success by setting stretch goals and maintaining high expectations of our Leadership, employees, and contractors. Our core values guide us in our endeavor:
We are committed to a safe workplace and to minimizing our environmental footprint.
We are committed to conduct our business in an ethical, lawful, and transparent manner. We are accountable by taking responsibility for our actions and results.
We create a work environment that encourages teamwork, open communication, and cooperation while treating each other with respect and understanding.
We will encourage ingenuity while relentlessly pursuing excellence to create value.
We will build lasting relationships and contribute to the needs of communities we live and work in.