NexPoint Forms Oil and Gas Platform NexEnergy, Names Blackwell President
NexPoint has hired Luke Blackwell as president of NexEnergy, a newly formed group within the Dallas-based alternative investment firm dedicated to oil and gas investment activity.
Blackwell will be responsible for sourcing, evaluating, and executing oil and gas investment opportunities, with an initial focus on mineral and royalty interests. He will also lead the development of investment solutions for financial advisers and their clients, expanding access to the NexEnergy platform through NexPoint’s distribution network.
The formation of NexEnergy represents a new investment vertical for NexPoint, which manages more than $34 billion (platform assets inclusive of NexPoint’s assets under management and the assets of NexBank) and has historically organized its businesses around real estate, corporate credit and equities, and retirement solutions. The firm said it has invested in the oil and gas sector through its corporate balance sheet, affiliated ownership structures, and personal capital commitments from NexPoint management, and described the new platform as a way to bring those activities into a dedicated structure accessible to a broader investor base.
“NexPoint has developed meaningful experience in the sector through direct exposure over time; now, NexEnergy brings that experience into a dedicated platform,” said Dustin Norris, president of NexPoint Securities. “Luke’s operational credibility and investment perspective will be invaluable as we scale this platform and create new opportunities for investors to access the sector.”
Blackwell brings more than 25 years of experience in energy and related industries, including more than a decade in executive leadership roles within the oil and gas sector. His background spans field-level operations, corporate finance, and capital formation, with extensive work in the Permian Basin and involvement in drilling programs across major U.S. basins. Prior to joining NexPoint, he held senior leadership roles in oilfield services and energy-related businesses.
“The firm’s investment and operational infrastructure, combined with its meaningful experience in the sector, creates a compelling foundation that I look forward to building upon through NexEnergy and across NexPoint’s broader energy investments,” Blackwell said.
The mineral and royalty interests market has drawn increased attention from alternative investment sponsors in recent years as a vehicle for delivering commodity-linked income to retail and high-net-worth investors. The segment offers returns tied to production revenue rather than operating risk, a structure that has made it a candidate for distribution through broker-dealer and registered investment adviser channels where NexPoint has an established presence.
NexPoint is based in Dallas and is organized around real estate, corporate credit and equities, and retirement solutions. NexPoint Securities Inc., a registered broker-dealer, serves as the distributor for investment products on the NexPoint platform.
In March 2026, the company launched NexPoint Waterford DST, a Delaware statutory trust offering seeking to raise nearly $31.4 million from accredited investors. The offering provides access to an apartment community located in one of North Carolina’s fastest-growing mid-sized markets.
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