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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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To be a pioneer in an industry where the frontiers of seismic exploration are responsibly expanded without harm to our world. To achieve this vision we are committed to being at the leading edge of maritime and technological innovation, and have set ourselves an ambitious environmental agenda that aims to minimize our environmental footprint through a combination of reduction, recycling and emissions indexing. We have invested in the latest new-build vessel designs and the most technologically advanced seismic and navigation systems available today to ensure that our seismic fleet is one of the most modern and advanced fleets in the world, able to meet the current and projected future needs of the industry. We believe that our operations are amongst the cleanest in the offshore seismic industry, and capable of working in the broadest range of operating environments.