Who We Are
Founded in Oklahoma. Fueling the Nation.
Based in America's Heartland, With Access To Our Key Energy Regions.
Protégé Energy III is an independent oil and gas exploration and production company based in Tulsa, Oklahoma. We pursue growth by strategically investing in key conventional and unconventional plays that yield the most attractive rates of return.
Our management team brings together diverse technical backgrounds in the acquisition, exploration, and development of oil and gas reserves, including: horizontal drilling, recompletions, reservoir stimulations, artificial lift, waterfloods and enhanced recovery in multiple basins.
With experience in numerous basins nationwide, we focus primarily on the Marcellus/Utica Shale plays in the Appalachian Basin, South Texas, the Permian Basin, and the Mid-Continent (Oklahoma & Texas Panhandle). We are seeking investment opportunities in these areas and strive to form mutually beneficial partnerships with leaseholders, mineral owners, other operators and partners.
Protégé III’s financial partner, EnCap Investments (www.encapinvestments.com), and Protégé management have provided a $500 million equity commitment, advancing the successful partnership that began in 2004 with the establishment of Protégé I.
Protégé I was founded in 2004 and Protégé II was founded in 2008. Both were incorporated as Delaware Limited Liability Companies by Martin Thalken, his management team and EnCap Investments.
Partnering with EnCap Investments, the companies pursued an acquire-and-develop strategy, as well as a lease-and-drill strategy. Protégé I made strategic acquisitions in the Anadarko and Arkoma Basins, while Protégé II made strategic acquisitions in southeast Ohio of the Appalachian Basin, each achieving value primarily through the drill bit.
Through strategic acquisitions and development drilling, Protégé I grew its production to nearly 4 Mmcfed, proved reserves to 43 bcfe and 3P reserves to 69 bcfe by mid-2008. Notable reservoir targets included the Granite Wash in the Texas Panhandle and the Woodford Shale in Eastern Oklahoma. In 2008, Protégé I sold the majority of its assets in several transactions to Forest Oil, EV Energy Partners and Newfield.
Protégé II formed a strategic partnership with a Columbus, Ohio-based producer, then pursued a lease-and-drill strategy for the liquids-rich Marcellus and Utica shale plays in southeast Ohio. Protégé II created a contiguous 20,000-acre lease position in one of the most abundant areas of the liquids-rich Marcellus, growing its 3P reserves to 1,300 bcfe by mid-2012. Protégé II sold its Marcellus/Utica assets to Statoil at year-end 2012.
To meet our experienced leadership team, please visit Our Team.