Source Energy Holdings, an upstream exploration and development company was started in 2010 to pursue shale resources in Europe. Source Energy secured 380,000 acres in Poland and 80,000 acres in Germany. Source Energy successfully monetized both assets in late 2011 as the company shifted its focus and established investments in Colombia, South America and the Mississippi Lime, Woodford and other shallow producing formations principally in Kansas and Colorado.
Source Energy Holdings secured a line of equity from an experienced syndicate group led by Pine Brook Road Partners. Pine Brook Road Partners lays a solid foundation of strategic and financial guidance coupled with the scientific and operational expertise of Source Energy, creating a platform to support and drive a successful company.
Between 2011 and 2014 Source Energy secured over 350,000 acres in Kansas in the Mississippi Lime play. The company owns a total of 48 wells (Horizontal, Vertical & Water Disposal wells), installed 22 miles of formation water infrastructure, and acquired over 350 sq. miles of state of the art 3D seismic data. Source Energy plans to continue to produce from the productive wells while evaluating new development opportunities that meet our investment criteria.
In Colombia South America, Source amassed over 250,000 acres with 425 square miles of 3D seismic, 2,800 miles of linear 2D seismic, multiple well logs and core analysis in what is known to be a world class generating shale of the Middle Magdalena – La Luna resource play. The Colombia asset has secured an additional line of equity from our current investor group and is pursuing unconventional partnerships under the name La Luna Resources LP.