
Our Entities - Archived
Verdugo Energy, LLC
Verdugo Energy, LLC, ("Verdugo-Energy") was formed in the state of Texas in 2011. Verdugo Energy is in the business of exploration and production of oil and natural gas in the states of Texas and Oklahoma. Verdugo Energy owns Verdugo-Pablo Energy, LLC, and Pablo Energy II, LLC, and holds ownership interests in MSC Southridge, LLC and Coal County Gathering, LLC. Joseph F. Coyne, Jr. is the Chief Executive Officer of the company while Jerry Steed serves as the company's President and Chief Operating Officer. Verdugo Energy is actively seeking to obtain leasehold drilling rights for exploration and production purposes.
Verdugo-Pablo Energy, LLC
Verdugo-Pablo Energy, LLC, ("Verdugo-Pablo") was formed in the state of Texas in 2012. Verdugo-Pablo serves as an operating company for Verdugo Energy. Verdugo-Pablo is located in Amarillo, Texas and Jerry Steed serves as its Manager and President.
Pablo Energy II, LLC
Pablo Energy II, LLC, ("Pablo Energy II") was formed in the state of Texas in 2006. Pablo Energy II serves as operator of numerous oil and gas producing assets and has a full staff of geologists, engineers, land professionals, and accountants. Pablo Energy II is located in Amarillo, Texas and Jerry Steed serves as its Manager and President.
MSC Southridge, LLC
MSC Southridge, LLC, ("MSC Southridge") was formed in the state of Texas in 2012. MSC Southridge owns interests in horizontal Woodford Shale wells located in the Arkoma Basin in SE Oklahoma. MSC Southridge is located in Amarillo, Texas and Jerry Steed serves as its Manager and President. Pablo Energy II serves as operator for MSC Southridge.
Coal County Gathering, LLC
Coal County Gathering, LLC, ("Coal County Gathering") was formed in the state of Texas in 2012. After purchasing the pipeline assets of Payco in August 2012, Coal County Gathering continues to operate its natural gas gathering system in Coal County, Oklahoma and serves as the gathering company for MSC Southridge. Coal County Gathering's offices are located in Amarillo, Texas, and Jerry Steed serves as its Manager and President.
Southridge Energy, LLC
Southridge Energy, LLC ("Southridge Energy") was formed in the state of Texas in 2008. It is a large producer of oil and natural gas in the Woodford Shale in the Arkoma Basin in SE Oklahoma. Southridge Energy is located in Amarillo, Texas and Jerry Steed serves as its Manager and President. Pablo Energy II serves as operator for Southridge Energy.
Pablo Gathering, LLC
Pablo Gathering, LLC, ("Pablo Gathering") was formed in the state of Texas in 2006. In December 2006 Pablo Gathering and Enogex, Inc. (currently Energy Transfer, LP) formed Atoka Midstream, LLC (“Atoka Midstream”) in a 50/50 partnership. Energy Transfer, LP operates the Atoka Midstream gathering and transmission system which gathers natural gas for Southridge Energy and offset operators in portions of Coal and Atoka Counties in Oklahoma.
Verdugo-Caddo, LLC
Verdugo-Caddo, LLC, ("Verdugo-Caddo") was formed in September, 2013 in the state of Texas. In October of 2013, Verdugo-Caddo purchased a 60% interest in 40,000 acres of leasehold property located in Baylor County, Texas. Verdugo-Pablo serves as operator for this project which will consist of the drilling of horizontal wells on the site through the Caddo Limestone formation. In March of 2014 Verdugo-Caddo commenced drilling operations on this project.
Verdugo AB San Andres Partners, LLC
Verdugo San Andres Investors, LLC
Verdugo San Andres Investors, LLC (VSAI) was formed in February of 2016 for the purpose of organically developing a new project in the prolific oil-producing San Andres formation located in the Northern Permian Basin in Yoakum County, Texas.
After VSAI's land position was secured, in May of 2017, the Members of VSAI entered into a transaction with AllianceBernstein's AB Energy Opportunity Fund L.P. to finance the development of the position. A new entity known as Verdugo AB San Andres Partners, LLC (VABSAP) was formed to facilitate this financial arrangement. In this transaction, the AB Energy Opportunity Fund took a significant position in VABSAP, and retained our operating unit, Verdugo-Pablo, LLC. (VP) to operate and manage drilling of the project. Development activities commenced in July 2017.