With over $1B in assets under management, PEO’s proven approach towards the acquisition and development of high-quality reserves has resulted in the assembly of a well-diversified portfolio of assets, built to withstand commodity price volatility and to provide its partners with superior, risk-adjusted returns.

PEO is invested in nearly every onshore basin throughout the U.S. and is actively seeking non-operated working interests and development joint-ventures, with best-in-class operators and in regions that build upon its existing knowledge base and technical expertise.

Minerals

Mineral Management and Acquisition

Over the past 31 years, Providence has assembled a large and diverse portfolio of mineral and royalty interests across the country, with current ownership in and/or management of nearly 2 million gross acres of minerals. Providence’s mineral and royalty interests are managed by various entities, including Providence Minerals, LLC and Pennsylvania Mineral Group. Providence also provides professional mineral management services, including to Moore Minerals.

We readily pursue leasing opportunities with leading exploration and production companies.

Sierra

In 2021, Providence formed Sierra Energy Holdings, LLC (“Sierra”), a mineral and royalty acquisition company in partnership with Oaktree Capital Management, L.P. (“Oaktree”).

Sierra primarily focuses its acquisition efforts in the Haynesville Shale and Permian Basin. As of year-end 2024, Sierra has acquired over 27,500 net royalty acres (“NRA”), of which approximately 21,250 NRA are located in the Haynesville Shale and approximately 5,275 NRA are located in the Permian Basin. Sierra currently owns mineral and royalty interests in approximately 2,093 horizontal wells across all basins.

In June of 2024, Providence and Oaktree formed Sierra Energy Holdings II, LLC (”Sierra II”). Sierra II is capitalized with $500 million and seeks to employ a similar strategy as Sierra I.

Sierra is committed to excellence and to conducting our business efforts with integrity and, as we seek to provide financial solutions to landowners, mineral companies, high-net worth families and institutional mineral owners.

POCO Operating

POCO is a privately held exploration and production company with operations in the Denver-Julesburg Basin focused in Adams and Weld Counties. We are committed to creating value for our partners, to enhancing the well-being of the communities in which we operate, and to the safe and responsible production of natural energy resources.

Since its inception, POCO has been committed to reducing its facility footprint and eliminating VOC and related emissions through our unique facility design and by delivering product directly to pipelines.

POCO has received high praise for the cleanliness, maintenance and environmentally conscious surface facilities. Moreover, and an achievement of which we are very proud, our facilities are virtually zero emission. To achieve that result, POCO’s facilities have fewer pressure vessels, connection points and emission sources than are typically or traditionally seen throughout the DJ Basin. POCO utilizes various technologies which provide us with 24/7 real-time air monitoring, leak detection and site security, thereby enabling us to respond in a prompt and expeditious manner to any changes in our site operations. In addition, POCO is certified “Platinum” through the Project Canary TrustWell process on many multi-well pads and continues to work towards certification as new pads are brought online or acquired.

Select members of Providence’s renewable energy staff are engaged in POCO’s oil and gas projects and actively seek ways to utilize renewable energy resources to power POCO’s projects and reduce our Scope 2 emissions profile. One of our primary goals is to apply renewable or environmentally friendly resources, whether those be on-site implementations and/or “off-site” Renewable Energy Credits (RECs), to achieve a Net Zero Emissions profile in all our activities in the State of Colorado.

Renewables

Renewable Energy sources are growing and progressing rapidly as technological advancements and cost reductions continue to push the sector forward. Providence has and continues to invest in economically viable renewable and alternative energy assets and technologies that create a cleaner environment and provide cheaper and more reliable energy to society.

Providence’s Commitment to Sustainability

Oil and natural gas are the essential, bedrock fuels that power our modern economy. Oil and natural gas provide electricity, transportation fuels and petrochemicals used to create thousands of products critical to our everyday lives, including: medicines and medical equipment, plastics, fertilizer, consumer electronics, cosmetics, toiletries, detergents, clothing and home appliances.

Every time you to turn the lights on in your house, open your refrigerator, heat or cool your home, run water, drive a car, or fly in a plane, you are able to do so because of cheap, abundant oil and natural gas.

The demand for energy is only increasing, and we believe all forms and sources are necessary to meet the growing need.

Over the last decade, Providence has invested in a variety of renewable energy projects, including in wind, hydro-electric, biomass and recycling. As technology continues to advance, we hope to increase our involvement in the renewable energy industry.