Lithos Resources
With headquarters in Denver, Lithos Resources II is built on a foundation of deep Permian Basin operating experience. Our team has a proven history of identifying high-quality opportunities, executing efficient development programs, and driving sustained value across the upstream sector. We continue to focus on disciplined operations, thoughtful investment, and long-term performance.
Area of Focus
Lithos' position is comprised of approximately 16,000 net leasehold acres in the northern Midland Basin across Martin and Dawson Counties, Texas. Our contiguous acreage position, high-quality assets, and substantial inventory depth support a disciplined, high-return development program focused on maximizing capital efficiency and shareholder returns. Core development targets include the prolific Spraberry, Dean, and Wolfcamp intervals. In parallel, Lithos continues to pursue accretive acquisitions to expand and enhance our Midland Basin footprint.
16K
Net Acres
+80%
Operated
5
Target Zones
Lithos Resources
Strategic Opportunity
A number of factors are converging to make this a uniquely attractive time to deploy capital in the domestic upstream space including
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Energy demand, particularly for fossil fuels, will continue to grow for decades to come, driven by growth in developing countries and developed country power generation needs
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The consolidation wave which occurred in the upstream space over the last 24 to 36 months has resulted in larger companies high-grading the larger portfolios creating attractive investment opportunities for new entrants.
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Depressed natural gas pricing will benefit from growing domestic and international demand combined with a new administration in the US which is more supportive of infrastructure build out
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History of Value Creation
The Lithos management team has worked together in various combinations for nearly two decades, with a proven track record of creating value through various commodity price and economic cycles and in numerous US onshore basins.
02
Unique Market Backdrop
The recent wave of consolidation in the upstream sector has led larger companies to high-grade their portfolios, creating development-ready opportunities for smaller entrants like Lithos. As capital discipline intensifies and rig counts flatten, many quality assets will be deprioritized by larger firms—yet remain attractive for others to pursue.
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Natural Gas Opportunities
Natural gas will continue to play an important role both domestically and internationally as demand for energy, especially electricity, continues to accelerate and before renewable fuels are ready to take on a more significant role in meeting these needs. Additionally, the current administration is more aggressively promoting the build out of pipelines, natural gas fired electricity generation and LNG export terminals.
Lithos Resources
Core Values
Lithos’ Core Values serve as the foundation for how we operate and make decisions. They shape our culture, guide our actions, and anchor the strategic framework that supports Lithos’ long-term vision.
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Integrity
At Lithos, we believe our greatest strength lies in how we treat people. We act ethically, operate with transparency, and do right by others. We embrace differences in perspectives, experiences, and backgrounds, and build trust through mutual respect. Integrity and respect form the foundation of our relationships and guide every decision we make.
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Operational Excellence
Operational excellence at Lithos is driven by four pillars: safety, efficiency, optimization, and reliability. The safety of our people and the communities where we operate comes first. We continuously seek efficiency in our operations and uphold the reliability of our performance.
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Financial Discipline
Lithos makes decisions that support the long-term strength of our balance sheet and align with stakeholder expectations. Disciplined financial management through cost control, strategic planning, and responsible execution ensures lasting stability.
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Teamwork
We believe the strongest results come from collaboration. The collective expertise and shared experience of our team improves productivity, encourages continuous learning, and reinforces accountability.
Our History
Lithos Resources I:
Shortly after its founding, Lithos Resources I entered into a business combination transaction with Legacy Reserves and as a result the Lithos management team took over Legacy Reserves shortly following its emergence from Chapter 11 reorganization proceedings. The company was then renamed Revenir Energy. Over the following four years the management team continuously high-graded its asset bases through a combination of 50+ acquisitions, 20+ divestitures and countless leasing transactions to build one of the most attractive asset bases in the Permian and East Texas. At the direction of its majority shareholders, the company then disposed of all of its assets and returned the net proceeds to its shareholders reflecting attractive gains.
Lithos Resources II:
Following the successful sale of Revenir Energy, the Lithos management team has reunited and is actively pursuing opportunities and investments in the upstream energy sector. With over 20 years of collaboration in various capacities, the team brings extensive experience in value creation, particularly in the Permian Basin. Our collective expertise spans finance, land, business development, engineering, and geology, along with deep knowledge of both private and public markets. This integrated perspective positions us to identify and capitalize on compelling opportunities across the energy landscape.