Trace Capital partners with Twin Trails
Twin Trails, an upstream company headquartered in Fort Worth, Texas, announced today a partnership with Trace Capital Management (“Trace”) to pursue the acquisition and development of operated and non-operated leasehold and mineral interests in the Permian Basin.
Twin Trails’ founding partners, Will Tindol and Patrick Leach, are energy industry veterans with a track record of success. Tindol most recently was the vice president, engineering, at Titus Oil & Gas (“Titus”) in Fort Worth, TX, a private equity backed upstream company in the Permian, where the team successfully raised, deployed, and exited on over ~$1.0bn of assets over two iterations. Leach was the CFO at Tumbleweed Royalty, VP Finance and Corporate Development for Double Eagle Energy III and Finance Associate for Double Eagle Energy II, where the team successfully raised, deployed, and exited on over $10bn of assets over the three iterations.
About Twin Trails
Twin Trails is a Fort Worth-based exploration and production company focused on acquiring and developing assets in the Permian Basin. For questions about Twin Trails, please visit www.twintrails.com.
About Trace Capital Management
Trace Capital is an energy focused private investment firm with $1.6 billion of committed capital under management. Trace invests primarily in North American upstream and midstream sectors, and typically targets opportunities between $50 million and $150 million. For additional information, please visit www.tracecapital.com.