Permian Basin Study Group - TAKING THE RIGHT NEXT STEP: BUILDING AN UPSTREAM OIL AND GAS M.L.P

Speaker Steve Pruett
President & CFO Legacy Reserves LP Steven H. Pruett has served as President & CFO of Legacy Reserves LP since its founding in 2005. Prior to co-founding Legacy, Steve was briefly a Managing Director and Venture Partner focused on forming upstream MLPs at Quantum Energy Partners, an E&P private equity firm. ...

President & CFO
Legacy Reserves LP


Steven H. Pruett has served as President & CFO of Legacy Reserves LP since its founding in 2005. Prior to co-founding Legacy, Steve was briefly a Managing Director and Venture Partner focused on forming upstream MLPs at Quantum Energy Partners, an E&P private equity firm. For two years prior to joining Quantum, he was the President of Petroleum Place, an acquisition and divestment advisor and broker, and was President of its subsidiary, P2 Energy Solutions, an oil & gas accounting and land software systems and outsourcing provider.  Prior to P2, Mr. Pruett was President & CEO of First Permian LLC until he helped sell it in 2002.  From 2000 to 2001, Mr. Pruett worked at Enron, where he managed 12 active oil and gas partnerships and served as chairman of CGAS, an Appalachian gas company.  In 1995, Steve joined First Reserve Corporation, an energy private equity investment firm, opening their Texas office as Vice President focused on E&P investments.  While at First Reserve, he co-founded and became President & CEO of First Reserve Oil & Gas, a Permian Basin and Mid-Continent secondary recovery-focused oil company which he helped sell in early 2000.  Prior to First Reserve, Steve worked for a year in New York and Houston as an oil & gas investment banking associate with CS First Boston.                                                   Mr. Pruett has a Bachelor of Science in Petroleum Engineering, with high honors, from the University of Texas at Austin in 1984.   Following graduation, he worked for ARCO for five years as an operations/analytical engineer in Tulsa, Denver and Midland, focused on EOR while earning a Professional Engineer registration in Texas.  Pruett left ARCO to pursue an MBA at The Harvard Business School where he graduated as a Baker Scholar in1991.  Following business school, Mr. Pruett worked for Amoco in planning and economics in Denver and business development in Houston and Mexico.                                                                                                                      Pruett serves on the Board of Trustees of Midland Memorial Hospital, Trinity School of Midland, the Executive Advisory Committee of the University of Texas at Austin Department of Petroleum and Geosystems Engineering.  He is a Vice President and Director of the Permian Basin Petroleum Association, is active as a deacon in the First Presbyterian Church of Midland, and enjoys being an instrument-rated private pilot. Steve has been married to Debbie for 23 years and is blessed with two children, Morgan and Sam. 

Full Description
 
Abstract:
 
               Executing a successful acquisition strategy in a seller’s market in a volatile industry requires solid values and a clear sense of your direction.  Legacy Reserves LP is an independent oil and natural gas limited partnership headquartered in Midland, Texas, and is focused on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Mid-Continent and Rocky Mountain regions of the United States.  Since its first public offering in 2006, Legacy has demonstrated persistent pursuit of a growth path through the ups and downs of commodity prices with an enviable track record of performance for its owners.
 
This is a SPE Permian Basin Study Group Luncheon
Organizer Indira saripally

When?

Tue, May. 17, 2011
11:30 a.m. - 1 p.m. US/Central

How Much?

A $5 donation for the SPE-GCS Scholarship Fund has automatically been added to the registration fee. Use OptOut in the Discount Code field if you do not wish to donate at this time.
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Where?

Westlake Club
570 Westlake Park Blvd
houston, Tx 77079
USA

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