Greg Mccabe
President
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- Full Name
- Greg McCabe
- Title
- President of McCabe Ventures, LLC; Chairman and CEO of Next Bridge Hydrocarbons, Inc.
- Firm
- McCabe Ventures, LLC / Wildcatters Network
- Firm Type
- Private investment firm / angel and direct-investment network
- Investment Stage
- Private placements, direct investments, and high-risk/high-reward accredited-investor opportunities
- Target Company Profile
- Energy, real estate, entertainment/media, and other businesses where McCabe or Wildcatters Network can participate as early/direct investors
- Sector Focus
- Oil and gas, real estate, entertainment and Broadway productions, Texas media/film incentives, cybersecurity/technology
- Geographic Focus
- Texas, especially West Texas/Permian Basin; broader U.S. opportunities
- Location
- Midland, Texas
Background
Greg McCabe is a Midland, Texas-based investor and oil-and-gas operator. SEC filings identify him as President of McCabe Ventures, LLC, whose principal business is “investments in various energy, real estate and other businesses,” with a business address at 500 West Texas Ave., Suite 890, Midland, Texas 79701.
McCabe has been active in oil and gas since the 1980s. Next Bridge Hydrocarbons stated in June 2023 that he had almost 40 years of experience, formed McCabe Petroleum Corporation in October 1984, and still owns and manages it. The same announcement said he was active with geologist Rich Masterson in the early development of the Wolfbone play in the Delaware Basin and that their work helped shape their theories about the Orogrande Basin.
McCabe graduated from Sul Ross State University with a B.S. in Geology in 1984. In addition to McCabe Petroleum, Next Bridge disclosed active ownership in oil-and-gas entities including Manix Royalty, Texas Rock Oil, and TRO-X.
Wildcatters Network appears to be McCabe’s public investment-community platform. Its stated purpose is to connect like-minded investors, review and participate in investment opportunities, and give members a vehicle to submit investment ideas to a group of investors.
Investment Thesis & Focus
- McCabe Ventures’ SEC-described mandate is broad: investments in “various energy, real estate and other businesses.”
- Wildcatters Network frames its model around accredited investors and “high-risk high-reward deals.”
- The platform emphasizes network-driven deal flow: it describes itself as a “vehicle to submit your investment ideas to a group of investors of a similar mind.”
- Energy is a core competence: McCabe’s operating background is in oil and gas, including the Wolfbone play, Orogrande Basin, McCabe Petroleum, and Next Bridge Hydrocarbons.
- The portfolio is opportunistic beyond energy, including Broadway productions, film/media-related projects, cybersecurity, and real estate/hospitality.
- McCabe’s own public comment on Next Bridge emphasizes domain expertise and long-term asset development: he said his Orogrande Basin background would support Next Bridge’s “significant and opportunistic growth.”
Notable Investments
- Torchlight Energy Resources / Meta Materials: McCabe was a major Torchlight shareholder and reporting person in SEC filings; a 2021 Schedule 13D/A reported beneficial ownership of 19.6 million shares and noted conversion of McCabe and McCabe Petroleum notes into common stock.
- Next Bridge Hydrocarbons: McCabe became Chairman in June 2023 and CEO in January 2024; the company focuses on oil and gas assets including 134,000 gross acres in the Orogrande Basin in Hudspeth County, Texas.
- Hazel Prospect: Wildcatters Network said it put together the 12,000-acre Hazel Project in the Midland Basin portion of the Permian Basin, operated by Maverick Operating.
- LEO Cyber Security: Wildcatters Network described itself as an early investor; the company was named the fastest-growing technology company in North Texas at the 2019 Tech Titans Awards, with reported revenue growth of about 3,000% from 2016 to 2018.
- The Outsiders on Broadway: Wildcatters Network posted in April 2024 that “we are so excited for this investment” and attended the investors’ opening of the Broadway musical.
- Merrily We Roll Along, Here Lies Love, and Bob Fosse’s DANCIN’ on Broadway: Wildcatters Network lists these as active investment posts.
- Media for Texas: Wildcatters Network stated in June 2024 that it is an investor in Media for Texas, which advocates for stronger Texas film and media production incentives.
- 12 Mighty Orphans: A Wildcatters Network post quoting Variety identifies Greg McCabe as an executive producer of the film, which Sony Pictures Classics acquired for worldwide distribution.
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