Grace Petroleum, L.P. is a privately-owned exploration and production (E&P) company headquartered in Midland, TX. It is focused on the development and acquisition of oil and gas resources located in the Permian Basin area of Texas and New Mexico. The company specializes in all phases of oil and gas production, including drilling, development, evaluation, consulting, and other related services. Grace Petroleum also has operations in Virginia and is led by J. Ross Lacy