Fivestones Energy LLC is a Midland, Texas based company actively engaged in the exploration, development and production of oil and natural gas in the Permian Basin of West Texas.  Founded in December 2007 by a team of highly experienced and successful energy professionals, the overwhelming success of its first three projects, the Goliath Prospect, the Big Amigo Prospect, and the New Amigo Prospect, has propelled Fivestones into the forefront as being one of the great success stories of West Texas.  With a business plan that focuses on identifying areas of missed opportunities in established, low risk, resource play areas, and then, using sound geological and engineering practices, optimized drilling and completion techniques, and low cost operations to exploit these missed opportunities, Fivestones has quickly developed a reputation for creating value and growth through finding strong, stable, long life and low risk, PDP and PUD reserves for the industry.


Headquartered in Midland, Texas, Fivestones Energy LLC used the success of its initial projects to establish a new partnership with Energy Trust Partners in 2012.  This partnership, FSE Partners I LLC, is focused on exploiting the expertise of the management team to establish long-lived assets with significant development potential in the Permian Basin and other areas of prior experience. 


Fivestones Energy LLC is pursuing properties throughout the Permian Basin and is actively engaged in executing its current drilling program. 

 Areas of Activity




                Fivestones currently has drilling, completion, and operations as well as oil & gas interests in the following counties:

  • Andrews
  • Glasscock
  • Irion
  • Midland
  • Reeves
  • Throckmorton
  • Yoakum






The Team

Alan D. Peters, Presiden

BS Petroleum Engineering, University of Texas at Austin

Over 28 years experience in various aspects of oil industry engineering, operations, proprietary technology development, business development, that includes eight US patents, multiple business start-ups and supply of products and services.  He is founder of Tarpon Engineering and Tarpon Pipe and Supply.  He is a Founder and Director of Composite Lining Systems, Patagonia Steel; Energy America, Fivestones Energy and Fivestones Ventures. He has many years of experience as an investment partner in a wide variety oil and gas drilling and production programs.

Earl Levea, Engineering

BS Petroleum Engineering, Marietta College

35 years of experience in the drilling, completion, and production of oil and gas wells.  30 years of experience specifically in the Permian Basin.  Over 20 years of experience drilling, completing, and producing Spraberry wells across the Basin along with managing a successful, growing oil and gas business actively engaged in drilling "Wolfberry" type wells in the Spraberry.  Responsible for all facets of managing an active oil and gas company including drilling, completions, operations. Additional expertise includes drilling and completing horizontal wells and operating wells requiring high volume lift equipment.

Jack Erwin, Geology

BS Geology, Stephen F. Austin University

Over 30 years of experience in generating exploration & development prospects, with a heavy influence of acquisitions.  Primary experience has been in the Permian Basin with some experience in the Rockies, Oklahoma and Texas Gulf Coast.

All experience has been with small independents where responsiblties included all phases of exploration and development, from generation of the prospect to logging the well. 

 Tim Spencer, Finance

BBA Accounting, Texas Tech University

Over 30 years of finance and accounting and business management.  He has served in executive management positions in Fortune 500 to start-up companies, including public accounting (KPMG Peat Marwick), banking (First American Bank and Bank One), real estate and manufacturing.  Tim is a CPA and has been involved in all sizes of capital funding and equity structures.

 Charlie McMillian, Land 

Over 5 years experience in management of oil and gas properties.  Acquiring and negotiation of mineral leases.  Extensive knowledge of surface damages and settlement terms.

 L.J. Glass, Accounting

BBA / MPA Accounting, West Texas A&M University 

Over 8 years experience in all aspects of oil and gas accounting, joint interest billing, lease operations expense allocation and audit functions 

and settlement terms.

Kevin Levea, Engineering

BS Mechanical Engineering, Texas Tech University



Contact Information

                               Physical Address:                                                        Telephone:                            

                                               Fivestones Energy LLC                                                                                 Office: 432-618-9929
                                               5211 Preston Dr.                                                                                             Fax: 432-617-2586
                                               Midland, Texas 79707 


                              Mail Address:                                                                 E-mail Contacts:

                                             Fivestones Energy LLC                                                                                    Alan Peters -
                                             PO Box 51082                                                                                                    Earl Levea -
                                             Midland, Texas 79710                                                                                      Jack Erwin -
                                                                                                                                                                           Tim Spencer -