Capital for owners and operators, from a single AFE to a full development program.
We buy non-operated working interests, fund drilling partnerships, and provide structured capital, mainly in upstream.
- Investment size
- $2mm to $100mm+
- Who we work with
- Operators, asset sellers, and their brokers and advisors
- Where
- The major US onshore basins, with select midstream, power, and infrastructure deals
What we invest in
See how we partnerNon-op interests
Producing and undeveloped working interests, acreage, and single-well AFEs, for cash or on a carry.
Drilling partnerships
Drillcos and development JVs that fund a defined drilling or recompletion program alongside an experienced operator.
Structured capital
Credit, preferred equity, and asset-level financing for acquisitions, development, recapitalizations, and infrastructure.
Why Wellspring
Operating experience
We've sat on your side of the table. The team has started and run operated, non-op, and minerals companies. Land, engineering, and finance review every deal together.
Custom structures
We can use a carry, a reversion, or a step-down interest, and we'll work with your existing investors and lenders.
Committed capital
Our capital is an equity commitment from funds managed by NGP, not raised deal by deal.
Where we invest
Non-op and development deals across the major US onshore basins, plus select midstream, power, and infrastructure opportunities tied to production.
See focus areasTarget basins
Backed by NGP.
Wellspring is backed by an equity commitment from funds managed by NGP, an energy private equity firm investing since 1988.
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