Bus. Devt: The acquisition trifecta: How valuations, reserve base lending and private equity impact M&A deals

David Iverson is a senior managing director for the Kayne Private Energy Income Fund and the Kayne Anderson Energy Funds.   He is responsible for investment origination, deal analysis/structuring, technical due diligence and ongoing oversight of existing investments in the firm’s energy private equity portfolio.  Prior to joining Kayne Anderson in 2006, Iverson was a senior vice president of Netherland, Sewell & Associates, Inc., a Texas-based oil and gas consulting firm that provides a complete range of professional reservoir engineering, geophysical and geological services to the worldwide petroleum industry.  He began his career in the oil and gas industry in 1988 with ARCO Oil & Gas Company and later Vastar Resources, where he held various reservoir and facilities engineering and corporate finance positions. Iverson earned a BS in Chemical Engineering, Magna Cum Laude, from the University of Tulsa in 1988 and an MBA, with Honors, from the University of Houston in 1994.

Mr. Malone has thirty years of energy related experience, primarily focused on reserve based lending (“RBL”). In his current role as Managing Director of Wells Fargo’s Houston RBL Team, Mr. Malone focuses on the financing of non-investment grade, public and private, exploration and production companies. His team manages roughly one hundred clients, serving as administrative agent on the majority of these relationships. Presently, his team manages over $10 billion of syndicated credit facilities. Prior to joining Wells Fargo in 2012, Mr. Malone was a founding member of BNP Paribas' Energy Group that was formed in 1991. BNP Paribas' Energy Group became the largest left lead arranger of reserve based syndicated credit facilities at the time of its sale to Wells Fargo in 2012. Mr. Malone started his energy banking career in 1989 with Chase Manhattan Bank. Prior to banking, Mr. Malone was a production/completion engineer with Exxon Company USA in its South Texas Division that managed the King Ranch interests. Mr. Malone graduated from the University of Texas with a MBA (1989) and a Petroleum Engineering Degree (1985).

Mr. Talley has twenty years of experience in various roles in the oil and gas sector.  He is currently Senior Vice President for Netherland, Sewell & Associates.  He joined NSAI in 2004 after serving as a Senior Engineer at ExxonMobil Production Company. He has significant experience with preparing reserves evaluations for conventional assets in all major United States producing basins, the Gulf of Mexico, and Israel. His work also includes evaluations for numerous tight gas and shale gas and oil basins in the United States and in Argentina. He holds an M.B.A. from Tulane University and a B.S. in Mechanical Engineering from the  University of Oklahoma.