Texas American Resources Company (“Texas American” or the “Company”), along with its affiliated entities, is a privately held, independent oil and gas exploration and production company headquartered in Austin, Texas. Founded in 1990 by President and CEO, David E. Honeycutt, the Company has successfully owned and operated a number of oil and gas assets across multiple on-shore basins in the U.S. As a multi-disciplined team specializing in geology, engineering, finance, and land, Texas American uses a subsurface driven approach, utilizing modern technology to maximize the recovery of hydrocarbons in an efficient and a responsible manner.
In December 2016, Texas American partnered with First Reserve, a leading global private equity investment firm exclusively focused on energy, to form Texas American Resources I, LLC, in conjunction with acquiring an initial leasehold position in the black oil window of the Eagle Ford trend. In June 2018, the Company sold its Eagle Ford assets to an affiliate of Venado Oil & Gas LLC.
In September 2018, TARC and First Reserve continued their partnership with the formation of Texas American Resources II, LLC. With First Reserve, Texas American plans to continue to acquire and develop a portfolio of properties that combines existing production with significant remaining undrilled locations.