About Us
Caprock Royalties, LP (“Caprock”) was founded in 2019 by Keegan Faudree and Harlan Coats with the purpose of acquiring minerals, royalties and overriding royalties throughout the United States with a focus in the Permian Basin. Caprock was founded as an affiliate to OWL Exploration, LLC, the operating entity of Coats and Faudree. Caprock’s mission is to build a portfolio of both producing and non-producing royalty assets that is bolstered by our technical expertise. We are dedicated to working with royalty owners to find a deal structure that works for their needs and to using our engineering-backed evaluation approach to provide competitive offers.
Our Team
KEEGAN FAUDREE
Keegan Faudree is the President and Co-Founder of Caprock, where he is responsible for the company’s Business Development and Land team. He began his business career working for Meritage Capital, LP, where he was a member of the investment team that oversaw the management and investment allocation of $1.2 billion of assets. Prior to teaming up with Coats, Faudree began his business career developing University of Texas residential real estate projects. In addition to his real estate and oil and gas pursuits, he is actively involved in a fifth-generation ranching business throughout West Texas. Faudree graduated with a B.A. in Finance and Accounting and a B.S. in Mechanical Engineering from Saint Louis University, where he was awarded the Oliver Parks Award from Parks College of Engineering. Faudree is a third-generation Midlander.
HARLAN COATS
Harlan Coats is the Chairman and Co-Founder of Caprock, where he is responsible for the engineering evaluation of all acquisitions and divestitures. Coats began his business career as a Production and Reservoir Engineer for Parsley Energy, Inc. During his tenure as a production engineer, he was a part of Parsley’s IPO in 2014 and its transition from a vertical to horizontal well development program. His responsibilities included engineering oversite of a portion of Parsley’s Midland Basin vertical production, horizontal development of their Delaware base and assets, and the Company’s produced water disposal operations. Towards the end of Coats’ tenure with Parsley, he worked on a small team responsible for the engineering-evaluation of the Company’s reserves and its efforts. He holds a B.S. in Petroleum Engineering from the Oklahoma University and is a third-generation Midlander, coming from a family of oil and gas businessmen.
Contact Us
P.O. Box 1610
Midland, TX 79702
info@caprockroyalties.com