Oil and Gas Investments

With a decade of experience in identifying oil and gas opportunities, the sector remains at the core of Locke Capital’s investment strategy, creating value for both Locke and its partners. Browse our funds below.

Areas of Interest

Locke has strategically positioned itself in key basins across the United States, focusing on high-value assets. Our investments are in many of the nation’s most prolific shale plays, working with reputable operators in each play to maximize potential.

Map showing major oil and gas shale basins in the US

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Open Funds

Locke has assembled a team of industry professionals who leverage their extensive network and expertise to acquire both Non-Operated Working Interests and Royalty Interests in many of the most active basins across the United States.

Locke Funds IV

Type:
Non-Operated Working Interest

Open Date:
September 2022

Closed Date:
Active

Location:
Reeves County, TX; Martin County, TX

Basin:
Delaware and Midland (Permian)

Formation:
Bone Spring, Wolfcamp and Spraberry

Cash Yield:
87.53%

Locke Funds V

Type:
Non-Operated Working Interest

Open Date:
September 2023

Closed Date:
Active

Location:
Howard County, TX; Loving County, TX

Basin:
Delaware and Midland (Permian)

Formation:
Bone Spring, Wolfcamp and Spraberry

Cash Yield:
81.57%

Locke Funds VI

Type:
Non-Operated Working Interest

Open Date:
December 2023

Closed Date:
Active

Location:
Williams County, ND

Basin:
Williston

Formation:
Bakken

Cash Yield:
50.05%

Locke Funds VII

Type:
Non-Operated Working Interest

Open Date:
May 2024

Closed Date:
Active

Location:
Loving County, TX

Basin:
Delaware (Permian)

Formation:
Wolfcamp and Bone Spring

Cash Yield:
34.64%

Locke Funds VIII

Type:
Non-Operated Working Interest

Open Date:
October 2024

Closed Date:
Active

Location:
Mountrail County, ND

Basin:
Williston

Formation:
Bakken

Cash Yield:
33.83%

Locke Funds IX

Type:
Non-Operated Working Interest

Open Date:
December 2024

Closed Date:
Active

Location:
Howard County, TX

Basin:
Midland (Permian)

Formation:
Spraberry and Wolfcamp

Cash Yield:
5.26%

Locke Funds X

Type:
Non-Operated Working Interest

Open Date:
Actively Fundraising

Closed Date:
Active

Location:
McKenzie County, ND

Basin:
Williston

Formation:
Bakken

Closed Funds

Locke has successfully initiated and managed ten transactional fundraises, with three funds fully liquidated, underscoring our ability to execute and manage successful transactions.

Locke Funds I

Type:
Royalty Interest

Open Date:
March 2019

Closed Date:
June 2020

Location:
Reeves County, TX

Basin:
Delaware (Permian)

Formation:
N/A

Investor IRR:
35.16%

Locke Funds II

Type:
Non-Operated Working Interest

Open Date:
April 2021

Closed Date:
May 2023