A New Opportunity in Proven U.S. Oil & Gas Assets: US Capital Global Securities Announces $37 Million Thresher Energy Offering
Explore an investment opportunity in Thresher Energy, an independent U.S. oil and gas producer focused on unlocking value from proven conventional assets across Kansas, Oklahoma, and Texas.
US Capital Global Securities LLC, the SEC-registered broker-dealer affiliate of the global financial group US Capital Global, is pleased to present eligible investors with the opportunity to participate in a $37 million financing for Thresher Energy, Inc. (“Thresher” or the “Company”), comprising preferred stock and joint venture equity.
Headquartered in Houston, Texas, Thresher is a privately held upstream oil and gas exploration and production company with operations across Kansas, Oklahoma, and Texas. The Company currently produces approximately 170 net barrels of oil equivalent per day (BOE/D), with approximately 75% of production weighted toward oil and liquids, and operates approximately 98% of its wells.
Thresher’s principal asset is the Maddix Field in Cowley County, Kansas, where the Company controls approximately 3,300 acres in the Mississippian Lime formation. Together with directly offsetting acreage in the surrounding Extension area, this position represents the cornerstone of Thresher’s development strategy. Thresher and its predecessors have drilled 30 wells in the Maddix Field and nine wells in the Extension, providing the Company with an extensive body of operating, geological, and subsurface data to guide future development.
A significant portion of this reserve base remains undeveloped. Approximately 77% of Thresher’s proved reserve value is classified as proved undeveloped, and the Company has identified more than 50 proven undeveloped drilling locations on acreage already held by production. These locations can therefore be advanced without the requirement to secure additional leases, providing Thresher with a defined inventory for potential future development.
“Our strategy is focused on applying modern technology, detailed subsurface knowledge, and disciplined capital allocation to conventional oil and gas assets that we know exceptionally well,” said Keith Fite, President and CEO of Thresher. “We have spent more than two decades developing our understanding of the Maddix Field and surrounding acreage, building a substantial technical dataset and identifying a repeatable inventory of development opportunities. This financing is intended to strengthen our balance sheet and provide the capital needed to advance that inventory and pursue the next stage of Thresher’s growth.”
Thresher’s near-term development program includes returning five currently shut-in wells to production. The Company’s broader strategy is centered on conventional, technically understood basins and assets held by production. Rather than relying exclusively on higher-cost unconventional development, Thresher seeks to combine its existing geological data with reservoir modeling, optimized completion techniques, workovers, horizontal applications, and targeted acreage acquisitions to unlock additional value from mature and underdeveloped fields.
“Thresher Energy presents investors with an opportunity to participate in the redevelopment of established U.S. oil and gas assets supported by existing production, a substantial reserve base, and an identified inventory of future drilling locations,” said Charles Towle, CEO of US Capital Global Securities LLC. “The Company’s high degree of operational control, long-standing knowledge of its core Kansas assets, and focus on lower-cost conventional development distinguish its strategy within the upstream energy sector. We are pleased to be assisting Thresher with this $37 million offering and invite eligible investors to learn more about the opportunity.”
About Thresher Energy
Thresher Energy, Inc. is a privately held independent oil and gas exploration and production company headquartered in Houston, Texas, with operations in Kansas, Oklahoma, and Texas. The Company focuses on conventional oil and gas assets in established producing basins, applying modern geological, reservoir, and completion techniques to identify and develop underutilized resources. Thresher operates approximately 98% of its wells, with its principal asset centered on the Maddix Field and surrounding acreage in Cowley County, Kansas.
About US Capital Global
US Capital Global Securities LLC (“USCGS”) serves as the FINRA-member broker-dealer division of US Capital Global, specializing in facilitating growth-stage investments. Since 1998, US Capital Global has been dedicated to providing lower middle market businesses and investors with sophisticated investment opportunities. For further details about this investment opportunity, contact Ish Spencer, Managing Director and Partner, at ish@uscapital.com.
Disclaimer: USCGS or its affiliates may provide advice to, be compensated by, have other business relationships with, or may from time to time acquire, hold, or sell a position in the securities of the issuers mentioned herein. Any offer or solicitation shall be made only pursuant to the confidential private placement memorandum. View USCGS’ Form CRS at www.uscapglobalsecurities.com/crs.html.
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Media Q&A / FAQs
What is this announcement about?
This press release announces that US Capital Global Securities LLC is presenting eligible investors with the opportunity to participate in a $37 million financing for Thresher Energy, Inc., comprising preferred stock and joint venture equity.
What does Thresher Energy do?
Thresher Energy is a privately held upstream oil and gas exploration and production company headquartered in Houston, Texas, with operations across Kansas, Oklahoma, and Texas.
How much oil and gas does Thresher currently produce?
Thresher currently produces approximately 170 net barrels of oil equivalent per day, with around 75% of production weighted toward oil and liquids.
Where is Thresher Energy’s principal asset?
Thresher’s principal asset is the Maddix Field in Cowley County, Kansas, where the Company controls approximately 3,300 acres in the Mississippian Lime formation.
How extensive is Thresher’s operating history in the Maddix Field?
Thresher and its predecessors have drilled 30 wells in the Maddix Field and nine wells in the surrounding Extension area, creating a substantial body of geological, operating, and subsurface data to guide future development.
How much of Thresher’s reserve base remains undeveloped?
Approximately 77% of Thresher’s proved reserve value is classified as proved undeveloped, giving the Company a significant inventory of potential future development opportunities.
How many future drilling locations has Thresher identified?
Thresher has identified more than 50 proven undeveloped drilling locations on acreage already held by production, allowing these locations to be advanced without the need to secure additional leases.
What is Thresher’s near-term development plan?
Thresher’s near-term program includes returning five currently shut-in wells to production as part of its broader strategy to redevelop conventional oil and gas assets.
How does Thresher seek to improve the value of mature oil and gas assets?
The Company combines existing geological and subsurface data with reservoir modeling, optimized completion techniques, workovers, horizontal applications, and targeted acreage acquisitions to identify additional development opportunities.
What will the $37 million financing be used for?
The financing is intended to strengthen Thresher’s balance sheet, provide capital to advance its identified drilling inventory, and support the next stage of the Company’s growth.
What distinguishes Thresher’s strategy within the upstream energy sector?
Thresher focuses on conventional, technically understood producing basins, maintains a high degree of operational control, and applies modern technology and detailed subsurface knowledge to assets where it has extensive operating experience.
How can eligible investors learn more about the offering?
Eligible investors can use the investment-information link provided in the press release or contact US Capital Global Securities LLC for further information about Thresher Energy and the applicable offering materials.
Who is the contact for further information?
The press release lists Ish Spencer, Managing Director and Partner at US Capital Global Securities, as the contact for further details about the investment opportunity.
Are there important offering and risk disclosures?
Yes. The press release states that any offer or solicitation shall be made only pursuant to the confidential private placement memorandum. Prospective investors should review the applicable offering documents, eligibility requirements, risk factors, and disclosures before making an investment decision.