Steward Energy was founded by Lance Taylor to acquire, operate, and develop onshore oil & gas properties with asymmetric return characteristics.
In August of 2012, Steward Energy, LLC (“Steward I”) partnered with NGP and built a 10,000-acre position in the southern Delaware Basin in West Texas targeting the exciting Wolfbone resource play. Strategic appraisal well drilling identified over ten potential horizontal drilling targets in the 3,500’ vertical oil column across the largest contiguous acreage. Steward I marketed and sold the coveted position in late 2014.
Following the successful exit of Steward I, founder Lance Taylor and an enhanced team reformed Steward Energy II, LLC (“Steward II”) with a specific strategy for the oil and gas market conditions in 2014. This includes a specific investment discipline that emphasizes downside protection and the preservation of capital by opportunistically pursuing transactions where reserves have been overlooked.