Trailblazer is a leading operator primarily focused in South Texas in the Eagle Ford play in Atascosa and Frio counties. Trailblazer also has operations in southeast Texas in Burleson, Brazos, Grimes, Madison, Leon, and Houston Counties. Trailblazer’s headquarters are in Tulsa, Oklahoma and Field Offices are in Normangee, Lovelady and Pleasanton Texas.

Trailblazer has been a consolidator in its area of operations with purchases from: Petrohawk, Marlin Energy Resources, Burk Royalty, Sequitur Energy, Virtex and Pillar Oil and Gas. Trailblazer’s most recent acquisition of Pillar Oil and Gas was completed February 27, 2026. This acquisition of ~30,000 net acres in Atascosa County more than doubled Trailblazer’s Eagle Ford production and lease positions. It also added well over 100 future Eagle Ford drilling locations to our existing location inventory. Trailblazer began drilling in this new area in the third quarter 2026 and is embarking on a multi-year Eagle Ford drilling campaign which will significantly increase production, reserves, cash flow and ebitda while providing substantial value creation for the company. Trailblazer also intends to stay active in its role as a consolidator in the Eagle Ford.

Trailblazer works with numerous landowners, both private and public. Public partners in our oil and gas operations include the Texas General Land Office and Texas Department of Criminal Justice. Trailblazer has a constant focus on environmental and corporate governance, as well as a very strong performance history with the Texas Railroad Commission. Safety and environmental performance are hallmarks of our existence.
Trailblazer is also a midstream operator that includes local and regional gathering of both gas and water. Trailblazer has an extensive midstream gas gathering system spanning Houston, Leon, and Madison counties in Southeast Texas, as well as Frio and Atascosa counties in South Texas.

Trailblazer’s sponsor is Millstreet Capital Management, a Boston, MA based SEC registered investment adviser with approximately $5.2 billion of assets under management. Millstreet invests across the capital structure with a focus on the inefficient and overlooked small to mid-capitalization segment of the market across the entire range of performing, stressed and distressed credit.
Millstreet’s credit investments include high yield bonds and leveraged loans in both new issuances and the secondary market. Recent investments within the energy and resources space include Trailblazer, Canvas Energy, Tacora Resources and Jervois Global.