Formentera Partners

About Formentera Partners

Formentera Partners is an energy-focused private equity firm founded in 2020 by Bryan Sheffield and Blake London, based in Austin, Texas. The company responsibly acquires and optimizes producing oil and gas assets in onshore U.S. basins, managing over $1.9 billion in cumulative capital commitments. With a team of over 300 employees, they operate approximately 2,900 wells, producing around 60,000 barrels of oil equivalent per day.

Products & Services

Oil and Gas Asset Management:Acquiring and optimizing mature, low-decline producing oil and gas assets in various U.S. basins with a balanced commodity profile.

Specialties

Oil and Gas Asset Optimization Hedging Strategies New-Age Technology in Operations Operational Efficiency Environmental Impact Reduction

Funding History

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#	Type	Amount Fields	Date Fields	Investors
1	RT: Private Equity Fund T: - FT: Private Equity Fund	A: 934800000 MR: - FA: 934.8 million FAN: 934800000	D: 2025-10-29 FD: 2025-10-29	-
2	RT: Fund II (Private Equity Fund) T: - FT: Fund II (Private Equity Fund)	A: 828500000 MR: - FA: $828.5 million FAN: 828500000	D: 2023-07-10 FD: 2023-07-10	6 investors

Private Equity Fund Latest

2025-10-29

$934.8M

Fund II (Private Equity Fund) 2023-07-10

$828.5M

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

B

Bryan Sheffield

Managing Partner

B

Blake London

Managing Partner

P

Paul Treadwell

Partner

S

Stephanie Reed

Partner and Chief Commercial Officer

J

Jordan Steinberg

Vice President

L

Lindsey Heintz

Chief of Administration

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