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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.
At Select Energy Services, we hold the highest regard for our customers` unique oilfield business needs as well as the safety and well-being of our Select family. Since our inception in 2007, Select has built a team of nearly 5,000 employees that service over 400 customers nationwide. We provide products and services to our customers in the oil and gas industry, including both major integrated oil companies and independent oil and gas producers. Select operates through three divisions-water solutions, oilfield chemicals, and wellsite services-providing comprehensive oilfield solutions for the entire process of a well`s life cycle in all major basins throughout the United States. Our focus on advancements in technology has led to the creation of Aquaview, an innovative line of market products for the oil and gas industry.
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