# Cirrus Oil & Gas Capital Management

Cirrus Oil & Gas Capital Management is a Private Equity based in Denver, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Denver, United States
- **Region:** North America
- **Address:** Denver, CO, United States
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** cirrusog.com
- **LinkedIn:** https://www.linkedin.com/company/cirrus-oil-gas

## Regulatory record

- **CRD number:** 328366
- **SEC file number:** 802-130861
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/328366

## About

Cirrus Oil & Gas Capital Management was formed to make concentrated private equity investments in the North American oil and gas sector. The firm pursues a platform-and-bolt-on acquisition model, targeting producing properties with substantial operational upside and established reserves. Its geographic focus encompasses the Rocky Mountain region, the Mid-Continent area, and Texas. The investment approach centers on acquiring non-core, conventional upstream and midstream assets from larger operators or distressed situations. The firm employs technical and operational teams to improve well performance, reduce lifting costs, and extend asset life. While specific portfolio company names are not publicly cataloged, the firm's model involves operating the acquired properties directly rather than holding passive mineral interests. No fund commitments or co-investment disclosures are available. Cirrus maintains its headquarters in Denver, Colorado. Details regarding total capital deployed, team size, and additional office locations are not publicly disclosed. No affiliated foundation, club membership, or adjacent vehicle structure is known. The firm has not issued public announcements regarding recent fund closings or executive appointments. Cirrus distinguishes itself by functioning as both a financial sponsor and a physical operator of oil and gas properties. This hybrid structure — combining private equity capital with an in-house technical organization — is unusual among energy-focused investment firms, where capital allocation and asset operations are typically separated between fund managers and third-party operators.

## Sectors

- Energy Transition & Renewables

## People

- Kris Johnson — Business Development & Engineering
- Cindy Welch — Business Development & Geosciences
- Justin Martinez — Engineering & Finance
- Angie Galvan — Land, Legal & Regulatory
- Chirag Patel — Engineering & Finance

## Questions

### What is the investment structure — direct working interests or fund commitments?

Cirrus acquires non-operated working interests in oil and gas assets. That means it takes a direct minority equity position alongside an operating partner that manages day-to-day field operations. The firm does not present itself as a fund-of-funds or a limited partner in third-party commingled vehicles.

### Which basins does Cirrus target?

The firm characterizes itself as basin- and commodity-agnostic. It does not publicly restrict itself to a specific play — the investment team evaluates potential acquisitions on a deal-by-deal basis, provided the asset sits within a proven resource play and is operated by a partner the firm’s technical team has validated.

### Is the 80% IRR figure independently audited?

Cirrus states the figure on its website without citing an independent auditor or verification standard. A blended IRR across realized and unrealized investments of this magnitude carries significant potential for variation in benchmarks, valuation methodologies, and final exit values. No additional detail is publicly available.

## Related profiles

- [Cirque Ventures](https://altss.com/profile/cirque-ventures)
- [Cirrus Wealth Management](https://altss.com/profile/cirrus-wealth-management)

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Last updated: 2026-07-06T00:32:17.275Z

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