Independent capital for independent producers.

Overview and History


For more than 30 years, Five States has been a classic value investor, focusing on long-term, income-generating opportunities in the energy sector. With roots in the acquisition and financing of conventional oil and gas resources, Five States focuses on independent, onshore operators and working interest owners in Texas, the Mid-Continent, Appalachian Basin and Rocky Mountain regions.

We recognize that unconventional resource plays create tremendous opportunities and participate as an active, non-operator investor and partner with solid independents.

In addition to oil and gas acquisitions, Five States provides mezzanine growth capital to independent producers and equity funding for midstream facilities. Our flexible structures provide an attractive, customized option that allows producers to do more and invest more in their own projects.

In short, we help our partners accelerate development while enhancing their rate of return.