HISTORY OF ENERFIN RESOURCES
EARLY YEARS
Enerfin’s origin can be traced back to 1986 when its predecessor company, Energy Finance
Corporation, was founded in Houston, Texas to invest in domestic oil and gas
production and reserves.
In 1987, Enerfin purchased its first natural gas midstream
assets, the gas gathering and processing facilities of Farmland Industries, Inc.
(Kansas City, Missouri). An experienced management team was assembled to
operate and manage the assets located in West Texas, East Texas and the Powder
River Basin of Wyoming under the name Enerfin Gas Processing Corporation.
The 90s
In late 1989, several members of the Enerfin management
team reorganized the business and in 1991, Enerfin purchased the first
components of its Oklahoma midstream pipeline systems, operating under the name
Enerfin Resources Company. The Company began a measured growth strategy in the
midstream business with a focus on expanding field services, asset optimization
and turnaround management in conjunction with additional midstream asset
acquisitions.
By 1992, Enerfin had expanded its operations into
production wells and gas transmission lines with asset holdings in Texas,
Alabama and the Houston Ship Channel. The Company also successfully managed the
turnaround and sale of certain gathering and interstate gas pipeline systems
located in northwest Louisiana.
In 1995, Enerfin acquired its first significant
exploration and production properties from Nahama & Weagant Energy Company
(Bakersfield, California). The E&P properties are located in California and Oregon.
From the mid 1990’s Enerfin continued to add to its
Oklahoma midstream holdings by acquiring a series of contiguous pipeline
gathering systems and began drilling and developing its West Coast oil and gas
properties.
The 2000s
In early 2000, Enerfin commenced with a strategy of
joining independent operators in select oil and gas development programs behind
its gas pipeline systems with the formation of Capital Energy, LLC.
In 2004, Enerfin restructured its partnership and business
entities to support a more significant growth and investment plan in the natural
gas midstream and upstream sectors. This led to the commitment of significant
capital resources to expand its existing midstream pipeline business, acquire
new pipeline systems in growth areas around its existing assets and to
aggressively operate and invest in unconventional reservoir development behind
its midstream systems.
In 2005 thru 2007, Enerfin acquired over 700 miles of
pipeline systems in several emerging areas in Texas and Louisiana with the
commitment to provide quality service to natural gas producers.
As Enerfin enters its twenty-third year of business, the
company will continue to work through its extensive industry relationships and
reputation as an exceptional operator and strong financial partner, to carry
forward its history of success in the energy industry.