# Outfitter Energy Capital

Outfitter Energy Capital is a Private Equity based in Houston, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Houston, United States
- **Region:** North America
- **Address:** Houston, TX, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.outfitterenergy.com
- **LinkedIn:** https://www.linkedin.com/company/outfitter-energy-capital

## Regulatory record

- **Reports private funds:** No

## About

Outfitter Energy Capital is a Houston-based private equity group focused on lower, middle-market investment opportunities in the energy industry. It targets control investments primarily across the North American onshore upstream and midstream sectors of the oil and gas industry. The team has individual experiences spanning decades and a shared history of over fifteen years together investing in this space.

## Sectors

- Oil & Gas
- Infrastructure

## People

- George McCormick — Founder & Managing Partner
- Curt Schaefer — Founder & Managing Partner

## Questions

### Who makes investment decisions at Outfitter Energy Capital?

Founders George McCormick and Curt Schaefer collectively approve all investments. McCormick, who led almost $1 billion in energy private capital transactions before forming Outfitter, and Schaefer, a former Goldman Sachs natural resources banker, have worked together since founding TPH Partners in 2008. The firm operates with a flat decision-making structure typical of small, partnership-oriented energy PE groups.

### How does Outfitter Energy Capital source proprietary deal flow?

Outfitter targets the lower middle market where transactions are often bilateral negotiations rather than broad auctions. The firm leans on its principals’ 27-plus years of operator and banking relationships across U.S. onshore basins. Its senior advisor network — including the former CEO of Murphy Oil and the former CFO of Burlington Resources — provides additional origination reach into family-run and founder-owned energy businesses.

### What is Outfitter’s relationship with TPH Partners?

Outfitter’s founders were the founding members and managers of TPH Partners, the legacy private equity business of energy investment bank Tudor, Pickering, Holt & Co. When they formed Outfitter in December 2016, they retained management responsibility for the predecessor TPH funds. The firm describes itself as the successor platform that continues to manage those legacy vehicles alongside its own fund, which closed in September 2022.

### Does Outfitter Energy Capital invest outside North America?

No. The firm explicitly targets control investments in North American onshore upstream and midstream sectors. Its principals’ prior experience at BHP Billiton and Goldman Sachs involved global energy transactions, but Outfitter’s stated mandate is confined to the United States and, where appropriate, Canada.

### Which sectors does Outfitter Energy Capital avoid?

The firm’s mandate excludes oilfield services, downstream refining, and renewable energy generation. Its focus is confined to onshore upstream exploration and production and related midstream infrastructure, where its team’s geological and commercial underwriting skills are most directly applicable.

## Related profiles

- [Outerbound](https://altss.com/profile/outerbound)
- [Outlander VC](https://altss.com/profile/outlander-vc)

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Last updated: 2026-08-11T15:07:41.444Z

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