Citizen Energy Ventures Debuts $20 Million Anadarko Basin Drilling Fund
Citizen Energy Ventures, a Tulsa-based affiliate of Citizen Energy, has launched a $20 million private placement offering, Citizen Energy 2025 Drilling Fund LP, designed to establish long-life oil and natural gas reserves through a drilling program in Oklahoma’s Anadarko Basin.
The launch marks Citizen Energy Ventures’ entry into the retail private placement marketplace.
“With the launch of this fund, we’re extending our reach beyond institutional capital to a broader network of financial professionals and their clients,” said James Woods, founder and president of Citizen Energy Ventures. “Entering the private placement marketplace is a strategic extension of our core capabilities in identifying, acquiring, and developing oil and gas leases in the Anadarko Basin.”
Covering nearly all of western Oklahoma, the Anadarko Basin is approximately 50,000 square miles in size, seven miles deep and crosses into four states. The 2025 Drilling Fund will consist of interests in eight wells in the basin’s Cherokee Formation, which is composed of conventional reservoirs and source rocks with proven reserves.
“This structure provides investors access to a fund managed by an experienced operating team with more than 10 years in the basin’s Cherokee Formation and other productive zones,” added Woods.
Prior to the launch of the fund, the management team raised more than $50 million from institutional and prior investors to supplement the drilling schedule, enhance well diversification, and drive operational cost efficiencies. Additionally, the management team has aligned the fund to deliver direct tax advantages for investors who come in as general partners.
Citizen Energy Ventures is a privately held oil and gas company headquartered in Tulsa, Okla. The company’s management team specializes in developing horizontal play concepts in the onshore United States, with a primary focus on the Anadarko Basin, where the team has drilled and completed more than 300 horizontal wells since 2012. Collectively, the management team has completed more than $7 billion in upstream, midstream and oilfield service transactions and brings deep technical expertise across the energy value chain, with operations having spanned across Oklahoma, Texas, Arkansas, and Louisiana.
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