Tracker Resource Development II
Tracker Resource Development II was a Denver-based, independent oil and gas company focused on creating value through the acquisition and development of leasehold and producing properties. Tracker was led by a highly experienced team of professionals with extensive oil and gas related experience with both major and independent companies, with a historical track record of creating value in the Rocky Mountain region.
Since formation in May 2006, Tracker acquired and developed a 150,000-net-acre position in the Bakken Shale in North Dakota. The company successfully established a significant reserve base across its position through drilling more than 40 operated wells utilizing enhanced horizontal drilling techniques. Through its development, Tracker partnered with Red Arrow Energy, another EnCap portfolio company, as well as a large third-party investor through an entity they jointly formed, TRZ Energy. In December 2010, TRZ sold its Bakken assets to Hess Corporation (NYSE: HES) for approximately $1.1 billion of cash consideration.
EnCap currently is partnered with the same Tracker management team through Tracker Resource Development III.