BUSINESS
Tennor Global Acquires 65% Stake in Alpha Energy International With $500 Million Funding for Oil Expansion
Houston-based upstream oil and gas company, Alpha Energy, has launched a new international subsidiary, Alpha Energy International, to drive its expansion outside the United States, selling a 65% majority stake in the new entity to Tennor Global LLC.
The deal, announced on October 2, 2026, comes with a $500 million funding facility arranged by Tennor to enable rapid acquisitions in selected international markets, including Venezuela.Alpha Energy International will be responsible for all of Alpha Energy’s future activities and investments outside the US.
According to the company, the new venture will initially target mature producing fields and difficult-to-recover reserves, focusing on increasing recovery from existing conventional fields rather than greenfield exploration.
Under the structure, Alpha Energy’s leadership team will develop assets and run operations, while Tennor, as majority shareholder, will provide financial backing and leverage its network of relationships in target countries.
Founder of Tennor Global, Lars Windhorst, said Alpha’s expertise in turning around mature fields is what many producing countries need.
“Alpha’s team has a rare track record of turning around mature fields at scale, and we believe that expertise is exactly what many producing countries need today. Tennor’s role is to open doors and provide the capital to move quickly. Together, we intend to build an international oil company focused on getting more from existing fields, working in partnership with host governments and national oil companies,” Windhorst said.
Thomas Reed, Chief Executive Officer of Alpha Energy International and founder of Alpha Energy, who will run the new company from Houston, said the partnership creates a new type of international oil company.
“The combination of Alpha’s technical and operating expertise with Tennor’s financial support and deep knowledge of key international markets provides the basis for a new type of international oil company,” Reed said.
“Our strategy is simple. More oil remains in existing conventional fields than has ever been produced, and since the late 1980s, improvements in technology have added more recoverable barrels from existing fields than the industry’s total greenfield exploration success. Better recovery of the world’s existing oil and gas resources is Alpha’s fundamental value proposition,” he added.
Yukos Experience
Alpha Energy has a thirty-year history of conventional reservoir development across more than sixty fields, primarily on the US Gulf Coast and the shallow-water shelf of the Gulf of America.
The company’s executive team includes veterans of Yukos, Gazprom and Shell, with experience in large-scale field turnaround.
Its Chief Operating Officer spent more than a decade in Venezuela, including operating a producing joint venture on Lake Maracaibo at over 100,000 barrels per day.
Reed has 35 years of industry experience with Yukos, RusPetro and Texas Petroleum Investment Company.
The company’s Chief Technology Officer, Chris Hopkinson, has 38 years in the upstream business, including senior roles at Shell, BG Group and KazMunayGas.
All three built Alpha’s proprietary Alpha Technical Center based on performance engineering techniques that previously added nearly one million barrels per day of production in four years at Yukos, with a net reduction in well count.
Alpha Energy International said it will recover production by optimising asset performance from the wells up, using a value-driven technical limit approach, while working alongside national oil companies and training local engineers.
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