Bandera is an energy investment firm focused on minerals and royalties in oil and gas. Our team has experience acquiring, managing and divesting minerals and royalties at scale. We also have extensive experience in the upstream, midstream and downstream sectors of energy, having seen each through the lens of our time at operating companies, private equity firms or investment banks. We believe this provides a unique advantage to our ability to understand the risks and opportunities. As energy-focused professionals, we are constantly seeking avenues to leverage our experience and relationships to generate attractive, risk-adjusted returns.
Emory Peak Minerals
Bandera manages several joint venture partnerships backed by funds managed by affiliates of Apollo Global Management, Inc. Through our JVs with Apollo we have acquired a balanced mix of oil and gas properties across multiple basins the U.S.

EPM
Established in 2021, focused on Appalachian minerals and royalties
EPM II
Established in 2023, focused on Appalachian and MidContinent minerals and royalties
EPM III
Established in 2023, focused on Eagle Ford minerals and royalties
EPM IV
Established in 2024, focused on Eagle Ford minerals and royalties
EPM V
Established in 2025, focused on Permian minerals and royalties
EPM VI
Established in 2025, focused on MidContinent minerals and royalties
