Dallas-based Tailwater Capital, a growth-oriented energy and growth infrastructure private equity firm, has promoted two senior leaders.
Paul Lee, who previously served as entrepreneur-in-residence at Tailwater Capital, has been promoted to operating partner. In this role, he will continue to play an integral role across Tailwater's investment initiatives, with a particular focus on cultivating and evaluating operated upstream opportunities.
In addition, Doug Prieto, who previously served as president of Tailwater Royalties, has been appointed CEO of Tailwater E&P, a newly branded entity that combines its existing non-operated exploration and production (E&P) and royalties businesses. Tailwater E&P will manage Tailwater's existing non-operated E&P investment platform, an owner of non-operated working interests in high-quality upstream oil and gas assets, and Tailwater Royalties, a buyer of oil and gas mineral interests in the Lower 48. Tailwater E&P
