From 1985 to 2005, Five States Energy Company, LLC formed 28 limited partnerships to acquire producing oil and gas assets. In late 2007, Five States sold more than $200 million of its oil and gas assets under management. Since that time, Five States has shifted toward a focus on energy capital financing and these funds have since closed and are now legacy partnerships.
The Limited Partnerships were organized in the state of Texas to acquire interests in producing oil and natural gas properties. Five States Energy Company, LLC (“General Partner”) is the general partner of the Limited Partnerships.
The Limited Partnerships currently consist of the following entities:
- Five States Consolidated I, Ltd.
- Five States Consolidated II, Ltd.
- Five States Consolidated III, Ltd.
(collectively, the “Limited Partnerships”)