Working together for nearly a decade, the BlackBrush management team has been focused on the exploration, development and production of its upstream assets in South Texas.
The team is led by Scott Martin and Phil Mezey, who each have 32-plus years of experience in South Texas. Martin and Mezey were two of the founding partners of Flatrock Energy Partners in 2000 before founding BlackBrush Oil & Gas LP and TexStar Field Services (midstream) in 2004 with backing from HM Capital. From 2004 through 2006, management grew both businesses until it sold its midstream business to Regency Energy Partners for $350 million. In March 2011, EIG Global Energy Partners committed an additional $420 million of capital and, along with HM, approximately $600 million in aggregate funding to accelerate the development of the company’s oil and gas assets.
Today, BlackBrush operates over 300 oil and gas wells in south Texas and expects to drill 50 wells over the next year with a capital program in excess of $200 million.