Partners Petroleum is a private, return-driven oil and gas company established to provide sustainable cash distributions with underlying capital preservation and appreciation throughout industry cycles. The leadership team has proven and successful track records spanning decades.
Investor / Managing Member
Frank A. Lodzinski is an investor and Managing Member of Partners Petroleum, with over 50 years of experience in the oil and gas industry. He has a strong history of organizing, building, managing, and successfully exiting upstream oil & gas companies.
Most recently, Mr. Lodzinski served as Executive Chairman of Earthstone Energy Inc. from 2020 until its sale to Permian Resources Corporation in November 2023. He organized the predecessor entity, Oak Valley Resources, LLC in 2012, merged it into Earthstone in 2014, and served as President and Chief Executive Officer until 2020.
In a similar manner, Mr. Lodzinski served as Chairman, President and Chief Executive Officer of GeoResources, Inc. from 2007 until its sale to Halcón Resources Corporation in 2012, after acquiring control of the company through a reverse merger.
Prior to 2007, he organized, managed, and successfully sold several public and private upstream companies, generating substantial returns for investors.
He holds a BSBA degree in Accounting and Finance from Wayne State University in Detroit, Michigan and is a CPA (retired) in both Michigan and Texas.
President
Anthony C. “Tony” Schnur is President of Partners Petroleum. He brings more than 35 years of professional experience, with deep expertise in developing and implementing strategic plans, executive management, finance and operations.
In 2021, Mr. Schnur was selected to lead the formation of Fortify Energy, which was established to consolidate the assets of six distressed E&P portfolio loans of a U.S. based high yield credit fund. He successfully drove operational optimization, cost reductions, and meaningful returns of capital to investors.
His prior experience includes serving as Chief Restructuring Officer of BJ Services Inc., a $1 billion privately held oil field services company. He has also served as Chief Executive Officer of two publicly traded E&P companies and as Chief Financial Officer of four companies, both private and public.
He has served as a Director on the boards of two public companies and six private E&P companies.
Tony earned a BSBA in Finance from Gannon University in Erie, Pennsylvania, and an MBA from Case Western Reserve University, Weatherhead School of Management in Cleveland, Ohio.
History
Partners Petroleum is the private continuation of four decades of successful oil & gas investing, led by Frank Lodzinski and supported by the Vlasic family. Prior companies consistently adapted to evolving industry practices and technology and successfully navigated through every major commodity price downturn. These investments have been made through multiple private and publicly traded entities, culminating with the sale of Earthstone Energy to Permian Resources.
Tony Schnur has joined Partners Petroleum as President to lead the strategic plan and direct day-to-day acquisition, operating and financial activities.
Our “Partner” philosophy remains fundamental to our success. Management is fully and properly aligned with all stakeholders – including investors, employees, joint owners, bankers, and service providers – to ensure shared benefits and long-term value creation.
Strategy
We acquire proved developed producing (PDP) oil & gas assets that offer operating and development upside. We then grow production, reserves, cash flow and value through improved operations and targeted remedial operations, re-engineering and development activities.
We are focused on technical excellence, balance sheet strength, rigorous cost-control, superior operational and capital efficiency. Our goal is to maximize corporate cash flow in order to deliver consistent cash distributions while providing capital appreciation over the long term.
Every acquisition is conservatively underwritten with low leverage and integrated price hedging. Distributions are funded from free cash flow, not borrowed money.
Opportunity
Industry consolidation will continue to cause large company divestitures of quality assets in major oil & gas producing basins as they reduce debt, rationalize assets and focus financial and human capital on higher priority properties. Smaller properties are becoming available at attractive valuations due to limited equity availability. In turn, competition for those assets is also being limited. Such assets are frequently under-managed, capital-constrained and lack the operational attention needed to maximize their potential. These are precisely the conditions that Partners Petroleum will exploit.
Contact Us
Partners Petroleum invites investors seeking direct access to oil and gas assets to connect with us. If you are considering selling properties, seeking a partnership, or exploring other opportunities, please get in touch.
