Dallas C. Salazar, a Texas-based investor who built his wealth in traditional hydrocarbons and was an early advocate for U.S. shale gas development and natural-resource finance, has launched a new family office, Two Texas Presidents, LLC, according to a statement released Thursday. The family office, headquartered in Austin, Texas, will manage and deploy capital sourced exclusively from Salazar and the Salazar family.
Salazar, who has built a reputation in oil and gas investment, private credit, and asset aggregation, has been associated with multiple large exits across the U.S. energy sector, with realized gains supported by working interest ownership, private credit structures, and equity positions in upstream and emerging resource companies. The Salazar family asset base is anchored by a large private portfolio of oil and gas assets, including working interests across the Haynesville, Utica, and Marcellus shales.
Two Texas Presidents will focus on expanding the Salazar family’s existing holdings in commodities, industrial assets, and natural resource technologies. The firm will also continue Salazar’s longstanding strategy of acting as a direct lender and principal investor in energy, industrial, and alternative energy ventures.
“The shale revolution created generational opportunities for families willing to take risk and stay patient,” Salazar said. “Two Texas Presidents allows us to formalize our prior strategies, deploy capital with greater precision, and continue backing the operators, technologies, and assets that will define the next generation of U.S. energy and industrial growth.”
Salazar has been active in the U.S. shale sector for more than a decade, with involvement in projects tied to the Haynesville Shale’s development and other unconventional basins. He has also led the monetization of several of his family’s portfolio companies through various go-public events.
The new family office will operate independently and will not raise outside capital, the company said. Two Texas Presidents recently announced that it is being advised by E.F. Hutton & Co., a full-service investment banking and advisory firm based in New York City, New York.
Two Texas Presidents is expected to announce additional investment initiatives later this year.
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