Prepared for: Sales & Business Development
Industry: Upstream Oil & Gas – Conventional Oil & Gas Operator
Headquarters: Dallas, Texas
Corporate Overview
Rising Star Energy Partners II, LLC is a privately held independent oil and gas operator focused on acquiring and operating mature conventional oil and gas assets. The company follows a growth strategy centered on purchasing producing fields and associated infrastructure from established operators, then extending asset life through operational optimization, infrastructure ownership, and selective low-risk development rather than large-scale exploration.
Recent activity indicates the company is expanding its asset base through acquisitions that include both producing wells and the supporting surface facilities required to efficiently operate mature fields.
Well Permit & Activity Summary (Since 2019)
Overall Activity
| Metric | Count |
|---|---|
| Total Well Permit Records | 19 |
| Records with an Activity Date | 14 |
The permit history indicates modest but consistent drilling activity focused on redevelopment of mature conventional reservoirs rather than continuous unconventional drilling programs.
Geographic Focus
Permit Activity by County
| County | Well Permits |
|---|---|
| Irion County | 11 |
| Refugio County | 8 |
Primary Operating Areas
Irion County
- Permian Basin
- Conventional Spraberry development
- Mature field redevelopment
Refugio County
- Texas Gulf Coast
- Mature conventional oil fields
- Long-life production assets
Primary Plays / Fields
| Play / Field | Permits |
|---|---|
| June Ann (Pennsylvanian) | 8 |
| La Rosa (Consolidated Oil) | 8 |
| Spraberry Trend Area | 2 |
| Wildcat | 1 |
Development Focus
- June Ann (Pennsylvanian) – Mature conventional oil reservoir redevelopment.
- La Rosa Consolidated Field – Legacy South Texas producing field with long-life production potential.
- Spraberry Trend – Limited conventional Permian development.
Recent Asset Expansion – Chambers County
Recent regulatory filings show Rising Star Energy Partners II has assumed ownership of four air-permitted facilities previously operated by Texas Petroleum Investment Company. These facilities are located in Chambers County, Texas, near the Anahuac Field, and represent an expansion of the company’s Gulf Coast operations.
Air Permit Transfers
| Facility | County |
|---|---|
| Anahuac Central Treating Station | Chambers |
| Anahuac Compressor Station | Chambers |
| Anahuac Oil Facility | Chambers |
| Anahuac SWD Facility | Chambers |
The transferred assets include:
- Central Treating Station
- Compressor Station
- Oil Production Facility
- Salt Water Disposal (SWD) Facility
Strategic Significance of the Chambers County Expansion
Although Chambers County is outside Rising Star’s historical operating footprint in Irion and Refugio counties, the acquisition aligns closely with the company’s established business strategy of acquiring mature producing assets and optimizing their long-term value.
Rather than representing a new exploration initiative, the Chambers County acquisition appears to add the infrastructure required to support an existing producing asset base. The inclusion of treating, compression, oil handling, and produced-water disposal facilities suggests Rising Star acquired an integrated production package rather than standalone facilities.
The expansion also broadens the company’s Gulf Coast presence while remaining focused on mature conventional oil and gas operations. By owning key production infrastructure, Rising Star can improve operating efficiencies, reduce reliance on third-party service providers, and better control production and field operations.
From a business perspective, the acquisition demonstrates a continued emphasis on:
- Acquiring mature, cash-flowing assets
- Expanding infrastructure ownership
- Maximizing value through operational efficiencies
- Diversifying its conventional asset portfolio across multiple Texas producing regions
Sales Opportunities
The Chambers County acquisition expands Rising Star’s needs beyond drilling-related services into ongoing facility operations and production support.
Potential opportunities include:
Production Operations
- Artificial lift
- Production chemicals
- Well servicing and workovers
- Flow assurance
Surface Facilities
- Tank batteries
- Separators and treaters
- Compressor maintenance
- Electrical and instrumentation
- Automation and SCADA
Water & Environmental
- Saltwater disposal services
- Water transfer and handling
- Emissions monitoring
- LDAR compliance
- Air permitting support
- Environmental consulting
Asset Integrity
- Corrosion monitoring
- Pipeline integrity
- Mechanical maintenance
- Facility inspections
- Reliability and preventative maintenance
Key Takeaways
- Private operator focused on acquiring and optimizing mature conventional oil and gas assets.
- 19 well permits since 2019, with 14 reflecting active drilling or development activity.
- Core operating areas are Irion County (Permian Basin) and Refugio County (Texas Gulf Coast).
- Primary development targets include the June Ann (Pennsylvanian) and La Rosa Consolidated fields.
- Recent acquisition of four air-permitted production facilities in Chambers County expands the company’s Gulf Coast infrastructure footprint and supports its strategy of acquiring integrated producing asset packages.
- The company’s acquisition model creates ongoing opportunities for suppliers of production equipment, facility services, environmental compliance, automation, water management, and maintenance solutions.
Author: phinds