Optimum Energy Partners Texas is a limited liability company (LLC) established in 2021 and based in Dallas, Texas. Operating in the oil and gas industry, the company focuses on exploration and production. This article provides a summary of information gleaned from a recent SEC filing, offering insights into Optimum Energy Partners’ operations, management, and financial standing.
Optimum Energy Partners: Business Operations and Key Personnel
Optimum Energy Partners LLC is headquartered at 5580 Peterson Lane, Suite 190, Dallas, Texas 75240. The company’s primary business activity falls under the Oil & Gas industry sector.
The leadership team at Optimum Energy Partners Texas consists of several executive officers, including:
- Derrick A. May: President
- John F. Griffin: Executive Officer
- Christopher T. Frusco: Executive Officer
- Chance Smith: Executive Officer
- Eugene A. McAdams: Executive Officer
- John Shelton: Executive Officer
- Daniel Hibbs: Executive Officer
These individuals are responsible for overseeing the company’s strategic direction and day-to-day operations. Their extensive experience in the energy sector likely contributes to Optimum Energy Partner’s expertise in oil and gas exploration and production in Texas.
Optimum Energy Partners: Financial Information and Investment Details
According to the SEC filing, as of October 22, 2021, Optimum Energy Partners Texas had not generated any revenue and reported no aggregate net asset value. The company offered equity securities with a minimum investment requirement of $31,250 USD for outside investors.
The total offering amount was $1,750,000 USD, with $385,000 USD already sold and $1,365,000 USD remaining to be sold. Nine investors participated in the offering, all of whom qualified as accredited investors. The offering did not involve any sales commissions or finder’s fees. The intended use of proceeds was for general corporate purposes, including operational expenses and potential acquisitions.
The company claimed exemptions under Rule 506(b) and Securities Act Section 4(a)(5) for this offering. This indicates that the offering was made to accredited investors and a limited number of non-accredited investors, complying with specific regulatory requirements.
Conclusion: Optimum Energy Partners’ Position in the Texas Energy Landscape
Optimum Energy Partners Texas represents a relatively new entrant in the Texas oil and gas market. While the company is still in its early stages of development, its leadership team possesses significant industry experience. With a focus on oil and gas exploration and production, Optimum Energy Partners aims to capitalize on the opportunities presented by the dynamic Texas energy sector. The information presented in this overview provides a foundational understanding of the company’s current status based on its SEC filing. Further research and analysis are recommended for a more comprehensive assessment of Optimum Energy Partner’s long-term prospects.
