Adobe Stock
Energy Domain of Fort Worth — a tech-enabled online marketplace that integrates data, analytics, and alerts to improve the way oil and gas properties are bought, sold, and leased — has joined with Palace Road Partners, a private capital advisory firm, in a partnership designed to disrupt the oil and gas transaction space.
The alliance will deliver investment bank-grade underwriting, marketing, and advisory services at greatly reduced costs to client transactions in the $5 million to the $100 million-plus range.
“We have an experienced management team, great technology, a revolutionary platform, and a lot of hard-earned trust in the space,” Energy Domain CEO Ben Heinzelmann said in a statement. “But now that we are facilitating larger transactions, we need to offer additional services to buyers and sellers with deals in the $5MM–$100MM range and beyond.
Founded in 2021 by Ryan Vinson and the 5Ms Technologies team that created MineralWare and Energy Freelance (now EnergyHire), company officials said that Energy Domain has already achieved “significant traction.”
The company has facilitated more than 150 transactions since launching and is on track for a second consecutive year of triple-digit growth, officials said.
“High value deals benefit from investment bank-grade underwriting, marketing, and advisory services, but keeping investment bankers on retainer is not cost effective for many of our clients,” Heinzelmann said. “Instead, many depend on the legacy advisory firms that charge a significant upfront retainer fee, which can also be cost-prohibitive. We believed there had to be a better way.”
“Energy Domain has successfully bypassed the traditional oil and gas markets, getting deals up on their site quickly and efficiently,” Palace Road Partners co-founder Blake Van Patten said. “At PRP, we share a similar mindset, as we’ve found innovative ways to navigate around the inefficiencies in the private capital advisory space.”