Formentera Operations

A New Approach to Energy Investment

About Us

Formentera Operations LLC is the operator for Formentera Partners, an energy-focused, private equity strategy founded by Bryan Sheffield and Blake London in 2020. Paul Treadwell and Stephanie Reed joined the firm in 2021 and 2022, respectively, and together, the partners have worked closely with one another for more than a decade.

Based in Austin, Texas, Formentera responsibly acquires and optimizes producing oil and gas assets in onshore United States basins. To date, Formentera owns around 3,200 wells producing approximately 50,000 barrels of oil equivalent per day through the expertise of over 200 employees in Texas, Oklahoma, North Dakota, Louisiana, and Mississippi.

Owner Relations

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Welcome to Formentera

The SADDLEBACK assets are now operated by Formentera Operations, LLC ("Formentera"). Formentera will begin distributing revenues to owners commencing with revenue payments in August 2024. Here's our Welcome Letter, which contains a change of address form and information on accessing the New Owner Portal on MineralAnswers.com.

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JIB Statements & Revenue

Login to EnergyLink or MineralAnswers to access Joint Interest Billings and Revenue Check Detail. If you're new to EnergyLink, please signup for an EnergyLink account.

Frequently Asked Questions

Don't see the answer to your question? Email us at ownerinquiry@formenteraops.com and we'll be in touch soon.

  1. Your revenue/production statements (both electronic and paper format)
  2. Your revenue check attachment (next to "Payee ID" in the top right corner)

Email communication to ownerinquiry@formenteraops.com allows us to track correspondence and address your questions/issues much faster, but there is a phone number to call.

(512) 646-0881

Please be aware that contacting us via phone will most often result in delayed response times as we receive numerous calls daily.

No, checks are still an available form of payment.

To sign up for direct deposit, please visit our owner portal at MineralAnswers.com/owner-portal/formentera.

Before contacting our revenue department, please consider that direct deposit should be received by the last day of the month and paper check should be received within the first week of the following month depending on location and banking policies.

Formentera will void outstanding checks 45 days after the issue date in order to give lost mail a chance to be delivered. If you request a check to be voided, please allow 60 days (two revenue cycles) for the voided funds to be reissued.

E-mail the revenue team at revenue@formenteraops.com.

Include the following information:

  • Name on Account, Owner Number/Payee ID
  • The last four digits of the tax ID associated with the account for security purposes.
  • Current Mailing Address
  • Month(s)/Year check was distributed.

To update the mailing address associated with your account, please complete a "Change of Address" form, and return it to us by:

Email (faster processing): ownerinquiry@formenteraops.com

USPS:
Formentera Operations
Attn: Owner Relations
300 Colorado Street, Ste 1900
Austin, TX 78701

Please contact ownerinquiry@formenteraops.com about the transfer of interest.

The transfer process takes approximately 90 days to complete upon submission of all required documents.

To transfer the estate, we will need the following information:

  • If the owner died with a will (testate) and the estate has been probated, please provide RECORDED COPIES (that are recorded in the county/counties in which the deceased owned property) of the following:
    • Death Certificate
    • Last Will and Testament
    • Order Admitting Will to Probate
    • Letters Testamentary
    • Final Decree of Distribution
  • If the owner died without a will (intestate) or you will not be probating the estate, please provide RECORDED COPIES (that are recorded in the county/counties in which the deceased owned property) of the following:

We will also need completed W-9 Forms from any beneficiaries/heirs.

Please contact ownerinquiry@formenteraops.com to notify us immediately.

We will temporarily suspend your owner account so that no further payments are disbursed. Our new owner portal will allow you to update your bank information as soon as you have a new account.

Please understand that we are often inundated with calls, emails, and letters. Repeated attempts to contact us will not expedite your case and will likely extend the wait time for every owner needing assistance.

Please contact ownerinquiry@formenteraops.com with "Mineral Interest" as the subject line and include the name on the account, Owner Number/Payee ID, and brief description of your interest that you would like to sell.

Contact Us

For more information, please call (512) 646-0881 or email us at ownerinquiry@formenteraops.com.