
Pontem Energy Closes $250M Non-Op Upstream Fund
Pontem Energy Capital has reached the final close of its second vehicle, Pontem Energy NonOp Fund II, hitting its $250 million target approximately six months after the fund’s first close in July 2025.
The fund will primarily invest in non-operated working interests across upstream oil, natural gas, and natural gas liquids assets throughout North America. Investments may include interests in producing properties as well as pre-drill opportunities.
Houston-based Pontem said it is targeting non-operated acquisitions ranging from $10 million to $100 million, with the ability to pursue larger transactions alongside affiliated vehicles.
Pontem’s non-operated strategy is supported by Alamo Resources, which brings more than 20 years of experience in acquiring and developing oil and gas assets.
“We continue to see a lot of opportunities in the oil & gas sector, and we are grateful for the support from existing and new limited partners in the Pontem funds,” said Jeff Bartlett, managing partner of Pontem Energy Capital.