History

October 2006

Elephant Oil & Gas forms

Formed to pursue opportunities in emerging resources plays.

Grew primarily through internally generated prospects in North Texas and Permian Basin.

Created value through rapid identification and evaluation of prospective areas and execution of successful lease-and-drill programs.

June 2012

Talon Oil & Gas II acquires Elephant

Talon gained exposure to the Permian Basin and added team members with successful lease-and-drill track records.

Refocused company on non-operated JV in the Eastern Eagle Ford shale and divested Permian properties.

January 2015

Talon Oil & Gas III forms

Formed by legacy Elephant leadership in collaboration with Encap Investments L.P. to pursue acquisitions of operated properties in the U.S.

June 2017

Talon Oil & Gas III divests assets to Marathon
20,000 net acres in core of Northern Delaware Basin

Talon Oil & Gas II divests Eagle Ford assets to Armor
90,000 net acres in the Eastern Eagle Ford

February 2018

Elephant Resources forms

Formed by Elephant management in collaboration with Trilantic Capital Management to pursue targeted acquisitions of high quality oil and gas properties in emerging resource plays.

Consolidated several small operators in the heart of the Powder River Basin.

May 2022

RedElephant Resources forms

Formed by Elephant management in collaboration with RedBird Capital and family office investors to recapitalize the business through the buy-out of Trilantic Capital’s interest and create an upstream value acquisition platform.

Powder River assets are currently under active development.

Focused on scaling the business with value opportunities in non-op and operated asset classes as well as in minerals and royalties across all major U.S. basins.