ETX Energy

About ETX Energy

Trailblazer Energy Resources, formerly known as ETX Energy, is a private company that manages and operates upstream and midstream energy projects. Headquartered in Tulsa, Oklahoma, its primary focus is on oil and gas assets in southeast Texas, particularly in the Eastern Eagle Ford region. The company's business model centers on acquiring and consolidating assets, then developing them using technologies like horizontal drilling and multi-stage fracture stimulation. Trailblazer's growth strategy involves purchasing assets from other operators, as seen with acquisitions from companies like Burk Royalty Co., Ltd., and Midcoast Energy.

The company's operations are divided into two main segments. The upstream segment involves the exploration and production of oil and natural gas from reservoirs like the Eagleford Shale, Woodbine Sandstone, and Buda Limestone. The midstream operations include extensive gas and water gathering systems and saltwater disposal wells in several Texas counties. Trailblazer serves a variety of partners, including private landowners and public entities such as the Texas General Land Office.

Ralph A. Hill has served as Chairman and CEO since 2014. With over four decades in the oil and gas industry, Hill previously led the exploration and production division at The Williams Companies and was the CEO of WPX Energy following its spin-off. Danni Morris joined as Chief Financial Officer in September 2014, bringing over 20 years of experience from her tenure at The Williams Companies and WPX Energy, where she specialized in business development and finance. In August 2021, the company, then ETX Energy, completed a significant restructuring which included ending a volume commitment with Midcoast, purchasing its Eaglebine system, and receiving an equity injection from long-term holders Varde, Millstreet Capital, and Pennant Park, which eliminated approximately $60 million in obligations.