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Luxe Minerals LLC is a privately owned Austin, Texas-based company that acquires mineral and royalty interests in premium unconventional liquids-rich basins throughout the United States. Luxe Minerals was formed in March 2017 with an approximately $254 million equity commitment from NGP through Natural Resources XI, L.P. and the Luxe Minerals management team. Co-Founders A. Lance Langford and Jeff Larson, have worked together for over 25 years at Burlington Resources, Brigham Exploration, and Statoil. While at Brigham and Statoil, Lance and Jeff served as executives, and drove both companies` success and significant growth in the Bakken, drilling and completing more than 500 horizontal wells with 10,000 foot laterals. In May of 2015, Lance and Jeff founded Luxe Energy LLC with a $500 million equity commitment from NGP through Natural Resources XI, L.P. Eighteen months from formation, and after spending a portion of their original commitment, Luxe Energy divested its Delaware Basin assets to Diamondback Energy, Inc. for $560 million. In October 2016, Luxe Energy announced a new $524 million equity commitment from NGP and the Luxe management team. The Luxe Energy team is currently seeking investment opportunities in large-scale operated positions in the same seven oily basins as Luxe Minerals.
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STATS Group are market leaders in the supply of pressurised pipeline isolation, hot tapping and plugging services to the global oil, gas and petrochemical industries. STATS DNV GL type approved isolation tools provide leak-tight double block and bleed isolation that enables safe and efficient maintenance and repair of onshore, topsides and subsea pipeline infrastructure. Our Process Plant Solutions offer hot-work barriers and localised hydrostatic weld test tools to verifying the integrity of welds or fittings, reducing system downtime, minimising environmental impact and increasing worksite safety. Mechanical pipe connectors replace the need for welding, significantly reducing expenditure and associated risks with hot-work.