Titanium Exploration Partners

Managing Partners Bryan Moody and Chris Horgan jointly lead the firm's investment strategy and underwriting. Both were energy investment bankers — Moody at JPMorgan and Horgan at Goldman Sachs — prior to founding Titanium in 2014. Their deal decisions combine financial structuring with subsurface technical evaluation, leveraging an in-house team of reservoir engineers.

Titanium launched with a $350 million equity commitment from NGP Energy Capital Management, a Dallas-based natural resources investment firm. NGP has been the primary financial sponsor of Titanium since inception. The firm has not publicly announced a second fund, suggesting subsequent capital may come through direct co-investment structures alongside NGP.

Titanium focuses on mature, producing conventional oil and gas assets with established production histories, rather than frontier exploration or shale development. The firm seeks assets that larger operators divest to streamline portfolios. Its acquisitions have included Permian Basin and East Texas Basin properties.

Yes, Titanium operates the properties it acquires. The firm employs technical staff including engineers and landmen to manage day-to-day field operations and to plan incremental drilling programs that extend asset life. This operating capability allows Titanium to pursue deals that passive financial buyers cannot underwrite.

Unlike many energy PE firms that focus on unconventional shale plays requiring continuous drilling, Titanium targets conventional reservoirs with predictable decline curves. The firm also stands apart through its permanent capital backing from NGP, which removes the forced exit timeline that fund-structured peers face. This allows Titanium to hold assets through commodity cycles.