GulfTex Energy recently announced the closing of a $1 billion recapitalization of GulfTex Energy V into a newly formed entity, GulfTex Energy VI, marking a significant step in the company’s continued growth strategy. The transaction was led by Endurance Investment Partners, with additional commitments from GulfTex management, PGIM Energy Partners, and other minority investors.
The recapitalization includes substantial unfunded equity commitments that will support future mergers and acquisitions as well as ongoing operational expansion. The deal reflects strong investor confidence in GulfTex’s established position in the Eagle Ford shale region of South Texas.
Founded in San Antonio, GulfTex Energy has built a long-standing presence in the Eagle Ford since 2006. Over that period, the company has leased more than 100,000 net acres and drilled over 150 horizontal wells. Its strategy has focused on disciplined execution, technical expertise, and long-term value creation across multiple market cycles.
Endurance Investment Partners, based in Dallas, focuses on providing strategic liquidity solutions to maximize the value of private energy and infrastructure assets. The firm partnered with GulfTex as lead investor in this recapitalization, aligning with management through reinvestment and long-term capital support.
Support: Mitchell Energy Advisors served as financial advisor to GulfTex Energy on the transaction. Legal counsel was provided by Willkie Farr & Gallagher LLP for GulfTex and Kirkland & Ellis LLP for Endurance.
KEY QUOTES:
“GulfTex Energy VI represents an exciting next chapter for our company. We are proud of the foundation we have built across prior GulfTex Energy vehicles and are excited to partner with Endurance as we move forward. Their deep energy expertise, partnership-oriented approach, and willingness to provide additional growth capital to support our business makes them the ideal lead investor for this recapitalization.”
Brad Jauer, Founder, Chairman And Chief Executive Officer, GulfTex Energy
“What Brad and the GulfTex Energy team have built is exceptional. Their 20-year track record across six distinct partnerships is phenomenal, and we are excited to support a team that has consistently demonstrated the ability to create value in the Eagle Ford over multiple cycles. GulfTex Energy VI is exactly the kind of opportunity we look for at Endurance, a high-quality Eagle Ford platform backed by a best-in-class management team with deep technical and operating expertise. Just as importantly, there is strong alignment in this transaction, with the team reinvesting meaningful capital alongside us.”
Trey Hatcher, Co-Founder And Partner, Endurance Investment Partners; John Spradling, Co-Founder And Partner, Endurance Investment Partners
