Promethean Energy

Promethean Energy is an oil & gas operator aiming to address the world's energy needs in the era of energy transition. Founded in 2017, the company has a clear vision to contribute to an orderly energy transition by producing low-cost, low-carbon oil & gas with minimal environmental impact. Their mission involves developing, producing, and decommissioning mid- to late-life oil & gas assets in a cost-effective and sustainable manner. The company's thesis is driven by the market opportunity in the Gulf of Mexico, where they see the potential for significant development upside by applying capital, technology, and best practices to underdeveloped, low-risk assets. Their strategy includes selecting producing assets in the GoM with infrastructure and development upside, optimizing integration of data, technologies, and best practices, executing a staged development model with minimal capex, and capturing value via near-term optimization and enhancement of discovered resources. Promethean Energy aims to deliver low cost of supply, low greenhouse gas emissions/intensity, and a small environmental footprint while extending the life of assets. Their integrated approach to the development, production, and decommissioning of mature assets sets them apart as a pioneering, disruptive, transition-era development & production company in the oil & gas industry. As they continue to leverage technology, risk management, and best practices, the company is uniquely positioned to aggregate assets in the Gulf of Mexico, presenting an attractive proposition for potential venture capital investors looking to support the energy industry's transition to a low-carbon era.