Non-Operated Working Interests
Our core focus. We own working interests directly alongside experienced operators, gaining exposure to high-quality assets without the cost and complexity of running field operations.
A Dallas-based energy investment and management company.
Calvary Energy Corporation places capital and manages assets — acquiring and managing non-operated working interests and select operated positions alongside proven operators across leading U.S. oil and gas basins.
Experienced team. Direct asset ownership. Disciplined capital.
How Calvary places capital — and why.
Our core focus. We own working interests directly alongside experienced operators, gaining exposure to high-quality assets without the cost and complexity of running field operations.
Selectively, we take operated positions through carefully aligned partnerships — pairing our capital discipline and underwriting with partners' proven operational expertise.
We acquire and manage oil and gas assets directly rather than through layered fund-of-fund structures, keeping interests aligned and capital working efficiently.
Calvary's team brings together professionals whose backgrounds span more than 25 years of leadership in the energy sector, including over 15 years in the domestic and international oil and gas industry across both conventional and unconventional resources.
The team's experience covers executive leadership of private energy companies, corporate and business development, mergers and acquisitions, and corporate and capital markets finance, as well as corporate finance, investment banking, restructuring, and energy-sector financing.
This combination of operational and financial discipline is the foundation for how Calvary accesses opportunities, evaluates assets, structures deals, and manages capital through the cycle.
Calvary's experience and relationships give it access to premier non-operated and partnered-operated opportunities — many of them not widely marketed. We are highly selective about where we place capital, underwriting every opportunity rigorously and pursuing only those that meet our standards.
How Calvary sources, underwrites, structures, and manages every position.
Read more →Three complementary channels for participating across the capital spectrum.
Read more →Deal structure and active oversight that protect capital over the life of each investment.
Read more →Premier U.S. basins, strong operators, and well-structured deal terms.
Read more →Decades of combined experience across operations, finance, capital markets, and M&A.
Read more →Calvary is built to place capital efficiently — owning assets directly and aligning closely with the operators who develop them.
A direct, single-structure model avoids the layered promotes and fees of traditional fund-of-fund arrangements.
Direct working-interest ownership keeps our interests aligned with operators and limits exposure to any single operating company's cost structure or balance sheet.
Participating selectively, deal by deal, lets us stay disciplined when others can't and lean in when opportunities are strongest.
Calvary is built on a simple conviction: the best outcomes in upstream energy come from owning the right assets directly, alongside the right operators, on well-structured terms.
Rather than build large operating infrastructure, we partner — selectively and with discipline — so that every position reflects rigorous diligence. That partnership-first approach lets us stay flexible across the commodity cycle and concentrate on what drives value: asset quality, operator quality, and deal structure.
To connect with the Calvary team, reach us below.