Description
This event caters to the budding E&P entrepreneurs outlining the challenges faced by first-time backed teams, all the way from securing the initial investment to the final sale.
Proceeds from this event will benefit the SPEGCS scholarship fund.
Agenda
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Time (CST) |
Segment |
Description |
Speaker(s) |
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7:30 – 8:30 |
Registration & |
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8:30 - 9:15 |
Keynote |
The Everchanging Oil & Gas Market and Factors Influencing Start-ups (A Historical Perspective) |
Dan Pickering – Pickering |
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9:15 - 9:45 |
Networking Break |
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9:45 - 10:30 |
1. Formation |
● Building the right team ● Partnership considerations ● Picking a strategy ● Sourcing capital |
Moderator: Jamey Brumley – Patrick Lissonnet – Kayne Mike Piazza - Willkie Farr & Travis Windholz – Jumar Boyd Heath – Rockcliff Energy |
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10:30 - 11:00 |
Networking Break |
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11:00 - 11:45 |
2. Entry |
● Deal sourcing ● Structuring offers / bids ● Sourcing capital ● Resources / technologies |
Moderator: Andrew Schaper - SIPC Mark Clemans – Carrier Heather Powell – Ventana Bill McCartney – Flat Rock |
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11:45 – 13:00 |
Lunch - Basin Overview |
An activity update on major US shale basins and other themes facing the A&D market include |
Derek Detring – Detring Energy Advisors |
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13:00 - 13:45 |
3. Execution |
● Shale 1.0 vs. 2.0 - ● Growing cash flow vs. ● Budget focused operations ● Emerging Technologies/ |
Moderator: Zach Fenton – UpCurve Energy Basak Kurtoglu – Quantum James Wallis - NGP Hossein Rokhsari – Darcy Energists |
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13:45 - 14:15 |
Networking Break |
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14:15 - 15:00 |
4. Exit |
● Types of exits - private, ● IPO considerations (stocks ● Timing the exit ● Dealing with a challenging ● Non-traditional exits ● What’s next? |
Moderator: Chris Atherton Juan Diego Vargas – First Austin Lee - Bracewell Craig Lande – RBC Howard Barnwell – BMO |
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15:00 - 15:30 |
Networking Break |
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15:30 - 16:30 |
Success Stories |
Panel featuring multiple successful E&P entrepreneurs |
Moderator: Phil Dunning Karl Brensike – Haymaker John Campbell III – David Ramsden-Wood - Leanne Churchward – Three |
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16:30 - 20:00 |
Networking Reception |
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SPEAKERS
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Dan Pickering - Pickering Energy Partners Dan Pickering is the Chief Investment Officer of Pickering Energy Partners LP. Prior to PEP, Pickering served as President of Tudor, Pickering, Holt & Co. and Chief Investment Officer of TPH Asset Management. Pickering has previously served as Director of Research and Head of Securities for Tudor, Pickering, Holt & Co. Securities, Inc. Prior to founding TPH in 2003 (as predecessor firm Pickering Energy Partners), Pickering was an Engineer and Financial Analyst with ARCO Alaska, a Portfolio Manager for Fidelity Investments, managing $1 billion of energy sector funds, and Head of Research at Simmons & Company. Pickering holds an MBA from the University of Chicago and a BS in Petroleum Engineering from the University of Missouri-Rolla. |
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Jamey Brumley - Auburn Energy Management Jamey Brumley currently serves as the Director of Auburn Energy Management (AEM). AEM’s teams support contract operations in multiple states for clients including public E&P’s, equity backed teams, and financial institutions. Over the past 3 years, AEM’s programs have executed $100’s MM in capital on exploration, new development and production-based assets. AEM’s team also provide interim contract operating services on distressed assets, bankruptcy processes, and receiverships. Jamey has served in the oil and gas industry for almost 20 years. He began his career in 2001 with Halliburton. Jamey earned his B.S. in Chemistry from Harding University and his Masters (with Thesis) in Engineering Systems from the Colorado School of Mines. He has served on SPE and AADE boards in Denver, and he is a member of the Dallas ADAM group. He has chaired industry meetings including Tight Oil and Water Management conferences, and he has spoken at the Colorado School of Mines for their Unwritten Rules of Engineering class for Petroleum Engineers for many years. He and his wife recently moved to Dallas from Denver. They have been married 22 years and have 3 children. |
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Patrick Lissonnet - Kayne Anderson Patrick Lissonnet is a managing director for Kayne Anderson’s private equity activities in the energy space, where he focuses on identifying and analyzing investment opportunities and ongoing oversight of existing investments and sits on the firm’s investment committee. Prior to joining Kayne Anderson in 2013, Mr. Lissonnet was a reservoir engineer with 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. Mr. Lissonnet began his career in the oil and gas industry in 2003 with Exxon Mobil Corporation, U.S. Production where he held various reservoir and operations assignments. Mr. Lissonnet earned a B.S. in Mechanical Engineering from Oklahoma State University in 2003 and an M.B.A. from the University of Texas at Austin in 2008. |
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Mike Piazza - Willkie Farr & Gallagher LLP Michael De Voe Piazza is a partner in the Corporate & Financial Services Department and the co-head of Willkie’s energy practice, focusing on a wide variety of transactions in the financial, oil and gas and electric power industries. Michael represents clients in transactions that feature oil and gas exploration and production (including upstream, midstream and downstream), electric utilities, commodity trading, joint venture arrangements, structured finance, leveraged finance, project finance and project development. He also regularly represents private equity funds in leveraged buyouts, portfolio company investments and fund formation projects. In 2015, Michael was one of only seven lawyers under the age of 40 to be named a “Rising Star” by Law360 in the area of Energy. It was Michael’s third consecutive “Rising Star” honor. In 2013, Michael has also been named a “Legal Leader on the Rise” by Texas Lawyer. Chambers USA (2018) ranks Michael among the leading individuals practicing in the area of Energy: Oil & Gas (Transactional) in the United States, and recognizes him among the leading individuals practicing Corporate/M&A law in Texas. He is also nationally recognized in the Legal 500 for Energy Transactions: Oil and Gas, M&A: Large Deals, Private Equity Funds and Private Equity Buyouts. According to the Legal 500, Michael is “exceptional.” Clients singled out Michael for his “outstanding ability to see transactions through his client’s eyes and do everything possible to secure a maximum beneficial outcome.” |
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Travis Windholz - Jumar Energy Capital Travis Windholz is the Founder and Managing Director of Jumar Energy Capital. Mr. Windholz brings over 16 years of risk management and finance experience in upstream oil and gas and the merchant energy sector. Prior to forming Jumar, Mr. Windholz was Managing Director and CFO at Atinum Energy Investments, LLC, a large, private Korean energy investment fund with approximately $1.5 billion in upstream energy investments. Previously, Mr. Windholz was a Director for Akeida Capital Management where he was responsible for managing Akeida’s direct energy investments. Mr. Windholz began his career at El Paso Corporation, where he worked in the merchant energy division, responsible for deal structuring, valuation and risk management. Mr. Windholz has a BBA in Finance with Honors from Texas A&M University, and an MBA from The Wharton School at the University of Pennsylvania, and is a CFA Charterholder. Mr. Windholz currently serves on the regional board of HOPE International. |
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Boyd Heath - Rockcliff Energy Boyd Heath is the Co-founder and CFO of Rockcliff Energy. Prior to co-founding Rockcliff Energy, Boyd served as the Chief Financial Officer of Quantum Resources. He has over twenty years of experience in oil and gas, finance, operations, and strategic planning. Boyd joined Quantum Resources in 2011 from Network International (“NI”), where he served as Chairman & CEO prior to a successful exit by selling the company to Liquidity Services. Boyd’s leadership was instrumental in building and growing NI from an energy services start-up company backed by Morgan Stanley, Goldman Sachs and Warburg Pincus into a highly profitable, market-leading enterprise conducting business in over 80 countries with the leading upstream, midstream and downstream companies. Boyd joined NI as Vice President of Corporate Development in 2000 and over a 12-year period went on to serve as VP of Finance, CFO, and President before assuming the roles of Chairman & CEO. Boyd holds a B.B.A. in Business Administration from The University of Texas.
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Andrew Schaper, P.E. - SIPC Andrew Schaper is the Founder and Principal of Schaper International Petroleum Consulting (SIPC). Andrew has over 10 years of diverse experience with independent E&P companies and financial institutions. His core competencies are assessing the reserves and value of oil and gas properties, advising clients contemplating oil and gas asset transactions and facilitating direct investments in upstream projects. Most recently, Andrew acted as the Head of Americas A&D Origination at Bank of America Merrill Lynch in Houston, Texas. In total, Andrew has advised oil and gas clients on more than $25 billion of aggregate M&A and capital markets transactions. Prior to his time at Bank of America Merrill Lynch, Andrew held positions with Citigroup, Quantum Resources Management LLC and Newfield Exploration Company. He spent the first five years of his career acting as a reservoir engineer in both development and exploratory capacities focused in several domestic basins. Andrew graduated Summa Cum Laude from Texas A&M University with a Bachelor of Science degree in Electrical Engineering and a Master of Engineering degree in Petroleum Engineering. He also holds a Master in Business Administration degree from The University of Texas at Austin. Andrew is a licensed Professional Engineer in the States of Texas, Oklahoma and Colorado and is a Certified Petroleum Engineer (SPEC) with the Society of Petroleum Engineers. |
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Mark Clemans - Carrier Energy Partners Mark Clemans is the President and Chief Executive Officer and an original founder of Carrier Energy Partners. He has over 30 years of experience in upstream oil and gas evaluations, operations, and investing. Mark founded Carrier Petroleum in 2009, a company that built a non-operated portfolio of oil and gas assets for a Fortune 200 company. Prior to forming Carrier Petroleum, Mark was a Vice President with the E&P Capital team of Goldman, Sachs & Co. for five years. In addition, he was previously with the firms of Netherland, Sewell & Associates and Sproule Associates as a Senior Consulting Engineer. His professional career started with Exxon-Mobil where he held assignments in reservoir engineering, production operations, and project management. Mark received a Bachelor of Science Degree with honors in Petroleum and Natural Gas Engineering from The Pennsylvania State University, and has an MBA from The University of New Orleans. He holds P.E. Licenses in the states of Texas and Louisiana. Mark is a member of the Society of Petroleum Engineers, Society of Petroleum Evaluation Engineers, Houston Producers’ Forum, Houston Energy Finance Group, and ADAM-Houston. |
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Heather Powell - Ventana Exploration and Production Heather Powell serves as Co-Founder, President & CEO and leader of acquisition efforts at Ventana Exploration and Production in Oklahoma City. Ventana is focused on acquiring non-operated interests and minerals in the STACK/SCOOP/MERGE plays of the eastern Anadarko Basin in Central Oklahoma. Ventana launched its organic acquisition strategy in late 2016 building a portfolio of over 5,000 net acres and 750+ horizontal wells. Earlier this year the company closed a new round of equity capital and has raised over $150 million to date. Heather previously managed various functions across land, business development and regulatory for RKI Exploration and Production, LLC, which merged with WPX Energy, Inc., in 2015 for $2.35 billion. She began her career in 2004 as a landman at Chesapeake Energy where her passion for A&D began. As an avid user of energy, she is committed to playing a part in America’s energy independence and educating the public of the importance of producing oil and natural gas in our country. Heather is a Certified Professional Landman and is active with the Oklahoma City Association of Professional Landmen, the Petroleum Alliance of Oklahoma, ADAM-OKC and Oklahoma Energy Explorers. When she isn’t working, Heather loves to spend time with her family, read & explore the world. |
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Bill McCartney - Flat Rock Energy Bill McCartney is the CEO of Flat Rock Energy. Flat Rock’s vision of building a sustainable company in central Appalachia that can provide a positive economic impact on our region is led by Bill McCartney. With strong natural gas market and pricing expertise, Bill has managed more than $250 million of natural gas storage and transportation assets for Vitol Group, an industry leader in the global energy market with revenues of more than $200 billion. Originally from Bridgeport, West Virginia, Bill began his career as a system planning engineer with CNG Transmission (now Dominion Transmission), and later began trading natural gas at CNG Energy Services. While at El Paso Merchant Energy, he managed the one of the largest storage and transportation trading books, worth more than $1 billion. Bill serves on the Board of Directors of the West Virginia University Foundation. He has a bachelor of science degree in chemical engineering from West Virginia University. |
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Guy Oliphint - Jefferies Guy Oliphint is a Managing Director with Jefferies LLC in the Energy Investment Banking Group and joined the firm in 2003. Mr. Oliphint specializes in mergers and acquisitions, public and private financings and financial structuring. Mr. Oliphint graduated from the University of Texas at Austin in 2003 with a B.B.A. in Business Honors / Finance.
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Derek Detring - Detring Energy Advisors Derek’s career has been fully devoted to energy advisory, where he has completed over $7.5 billion in capital raising and M&A advisory transactions. Derek spent the first four years of his career at Merrill Lynch, where he primarily focused on capital raising and M&A assignments for large, publicly-listed companies, followed by four years at Integral Advisors, a boutique A&D advisory firm he co-founded in 2009. Most recently, Derek served within Wells Fargo’s A&D group, where he helped package, market and close several transactions. Derek graduated summa cum laude and first in his engineering class from Vanderbilt University and attended the Wharton Executive Education Program, where he passed with honors. |
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Zach Fenton - UpCurve Energy Zach is co-founder and COO of UpCurve Energy, a private equity-backed company with an operated 9,000 acre position in Reeves county in the Delaware Basin. The company was founded in 2015 with a $120 million commitment from Post Oak Energy Capital. Since then, UpCurve has continued to execute on its development plan, is currently producing ~10,000 bbls/d gross, and is looking for new growth opportunities. Zach previously worked as a Reservoir Engineer in ConocoPhillips’ Eagle Ford Development organization. Prior to that, he spent several years at ConocoPhillips in various strategy, economics and executive support positions, between both Houston and Aberdeen. Before joining ConocoPhillips, Zach worked as an Associate at the NY-based private equity firm Lindsay Goldberg and as an Analyst in Morgan Stanley’s Investment Banking Division, where he focused primarily on energy industry M&A and financings. Zach received an MBA with honors from the Wharton School and a Certificate in Petroleum Engineering from Texas A&M. He graduated cum laude from Duke University with a BA in Economics and is a member of the Society of Petroleum Engineers.
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Basak Kurtoglu - Quantum Energy Partners Basak is currently a Senior Vice President for Quantum Energy Partners. Her primary duties include technical, operational, strategic, and financial analysis of emerging plays, potential and existing projects as well as due diligence and operational/technical support for both existing portfolio companies and potential new investments. Prior to joining Quantum, Basak was a Director with Citi on their A&D team, where she worked on numerous assignments throughout the U.S. and Canada. Prior to Citi she was with Marathon where she worked as an Integrated Project Team Manager in the Eagle Ford Asset. During her time at Marathon she also worked in the Upstream Technology Department providing technical service to onshore and offshore assets. Her numerous publications range from pore scale to reservoir scale analyses with an emphasis on increasing resource potential. She served as a SPE Distinguished Lecturer for the 2016 – 2017 season focusing on unconventional development. She currently serves as a Chairman in the SPE Forum Implementation Committee. She also serves on the several SPE Committees including RD&D, M&I and Completion. She is an honorary journal editor for Elsevier and SPE Journals. Basak holds a Ph.D. and a Master of Science in Petroleum Engineering from Colorado School of Mines. She earned a Bachelor of Science in Petroleum Engineering and a minor degree in Chemical Reaction Engineering from Middle East Technical University in Turkey.
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James Wallis - NGP Mr. Wallis joined NGP in 2017 and serves as a Partner in the Houston office, where he concentrates on NGP’s transaction sourcing and execution as well as the monitoring of active portfolio companies. Previously, Mr. Wallis was a Managing Director with Lime Rock Partners, which he joined in 2007. His primary focus was on North American E&P and oilfield service opportunities. Prior to joining Lime Rock, Mr. Wallis worked in the energy investing banking groups of Merrill Lynch and Petrie Parkman & Co. Mr. Wallis received a B.B.A. in Finance from The University of Texas at Austin, where he was a member of the Business Honors Program. |
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Hossein Rokhsari - Darcy Partners Hossein has been investing in the O&G technology space since 2013, leading 20+ investments in collaboration with many E&P and OFS companies. His areas of diligence and investment include subsurface characterization and imaging, data analytics, oilfield water management, downhole tools, automation and mobile oil field solutions. Prior to Darcy, Hossein spent 8 years at McKinsey & Company, in the Energy and Oil & Gas practice. As a Partner, Hossein advised many CEOs and executives of Fortune 100 companies, private equity investors and sovereign wealth funds in North America, Europe, Middle East and Southeast Asia. |
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Micah Renfro - The Energists
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Chris Atherton - EnergyNet Chris Atherton is the President of EnergyNet, Inc. EnergyNet is an oil and gas asset acquisition and divestiture firm specializing in auction sales, sealed bid transactions and government lease sales. Chris has been part of the EnergyNet team since 2002. He has been actively involved as the firm has completed over $6B in transactions including sell-side mandates from thousands of Exploration and Production clients. Chris leads a multi-disciplinary team of 50 professionals specializing in engineering, land, technical, business development, marketing, IT and administration. Chris has 18 years of experience in the energy industry. Chris graduated from Texas State in San Marcos with a business management and marketing degree. Prior to EnergyNet, Chris worked at the Enron Corporation in Houston, Texas. Chris currently serves as the Chairman of the Wildcatter’s Host Committee for the Texas Alliance of Energy Producers. Chris served as the Chairman for the SPE-Gulf Coast Section Business Development Study Group for three years. He is also an active member of the IPAA, Texas Energy Alliance, ADAM Houston, ADAM Permian and Houston Producer's Forum. Chris holds series 39, 22 and 63 SEC licenses. |
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Austin Lee - Bracewell Austin Lee is a Partner in the business and regulatory section at Bracewell LLP. He focuses his practice on representing and counseling clients in transactions that involve upstream and midstream oil and gas assets, salt water disposal assets and other energy related infrastructure in transactions that include acquisitions and divestitures of assets and companies, drilling partnership and other joint venture arrangements, structured finance, and project development arrangements. He also assists clients with all aspects of oil and gas operational agreements, from production through sales, including the negotiation and analysis of joint operating agreements, joint development agreements, lease and wellbore trades, farmouts, gathering, transportation and production sales arrangements, and seismic data licenses and data trades. He has experience working in-house as upstream legal counsel at an independent oil and natural gas exploration and production company as well as experience working with a major oil and natural gas exploration and production company through a secondment in one of its onshore focused business units. Prior to entering legal practice, Austin worked as an Independent Petroleum Landman and as a Certified Public Accountant. |
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Juan Diego Vargas - First Reserve Juan Diego Vargas is a Director at First Reserve. He joined First Reserve in 2007 as an Associate and returned to First Reserve as a Vice President in 2012 after earning his M.B.A. Mr. Vargas’ responsibilities include investment origination and structuring, due diligence, execution and monitoring, focusing on the equipment, manufacturing and services sector, as well as the resources sector. Prior to joining First Reserve, he was an Analyst in the Financial Sponsors and Latin America Groups at Morgan Stanley. Mr. Vargas holds a B.B.A. from the University of Notre Dame and an M.B.A. from London Business School.
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Craig Lande - RBC Mr. Lande serves as managing director and Co-Head of RBC Richardson Barr where he helps run the U.S. A&D practice. He has over 24 years of broad experience in the U.S. acquisition and divestiture market which includes the sale of assets and companies, fairness opinions and general advisory. Prior to joining RBC Richardson Barr in 2005, Mr. Lande was a Vice President in the Houston office of Waterous & Co. and was actively involved in business development for the U.S. practice. Mr. Lande holds a Bachelor of Science degree in Business Management and Marketing from Tulane University.
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Howard Barnwell - BMO Capital Markets Howard Barnwell joined BMO Capital Markets in 2012 and serves as a business development and transaction manager and chief operating officer for the A&D group. Prior to joining BMO Capital Markets, Howard was an investment banker in the Global Energy and Mergers and Acquisition groups at UBS. Since joining BMO Capital Markets, Howard has successfully advised and executed on over $20 billion in M&A and financing transactions. His transaction experience includes all the major U.S. basins. Howard holds an M.B.A. with high honors from the University of Chicago Booth School of Business and a B.S. in Business Administration from the University of Tennessee at Chattanooga. He is also a CFA Charterholder, member of SPE and was previously recognized by Oil & Gas Investor as a “40 under 40” award winner. He is registered with Series 7 and 63 licenses. |
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Phil Dunning - Enverus Phillip is the Sr. Manager of Strategy at Enverus, focusing on acquisitions and integrations. He was selected to be an honoree for Hart Energy's 25 Impactful Veterans in Energy for 2019. Prior to joining the company in early 2016, Phillip worked as an asset development engineer in the Appalachian Basin and later as a Managing Director in an upstream private equity firm focusing on equity investments in unconventional plays, royalty and mineral acquisitions. Phillip has advised companies on deploying capital, raising money, acquisitions/divestitures, and has helped start up numerous oil and gas companies since 2013. Phillip holds a Bachelor of Science in Engineering from The Ohio State University and a Master of Science in Petroleum Engineering from the University of Louisiana.
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Karl Brensike - Haymaker Minerals and Royalties Karl Brensike is the CEO of Haymaker Minerals and Royalties.
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John Campbell III - Percussion Petroleum John H. Campbell III serves as Chief Executive Officer of Percussion. Prior to co-founding Percussion, Mr. Campbell was a Sr. Business Development Engineer at Rockcliff Energy where his responsibilities included acquisitions and divestitures, relationship management and proprietary deal sourcing. Prior to Rockcliff, Mr. Campbell was a production and completions engineer in the Ark-La-Tex, Mid-Con and Permian basins at Quantum Resources Management. Mr. Campbell began his career at El Paso E&P serving in various engineering roles. Mr. Campbell holds a B.S. in Petroleum Engineering from The University of Texas at Austin.
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David Ramsden-Wood - #hottakeoftheday, Investor in Franklin Mountain Energy David Ramsden-Wood was the Co-Founder and COO of OneEnergy Partners Creator of the #hottakeoftheday. David began his career in energy as a Reservoir Engineer for Anadarko in 2001. Throughout his career, he has held roles across the analytical spectrum, including Completion and Production Engineering and Business Development. One of David’s key skillsets is his ability to analyze the flow of funds throughout the opportunity set and to interpret market trends which has led to the founding and co-founding of multiple oil and gas teams and entities. David is passionate about the future and face of the oil and gas industry, and the evolution of the Energy Industry as a whole. David’s Daily #hottakeoftheday is seen by approximately 30,000 professionals and can be found on LinkedIn following the #.
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Leanne Churchward - Three Rivers Operating Leanne Churchward is the Co-founder and Vice President of Business Development for Three Rivers Operating Company IV. She has been with Three Rivers since its inception serving in Business Development and Finance roles throughout the company’s previous entities. A self-proclaimed deal junky, Leanne has spent the last 10 years delving into the Permian Basin through Three Rivers’ numerous A&D transactions, including their recent Delaware Basin sale of upstream and midstream assets located in Culberson County. Prior to joining Three Rivers, Leanne worked in the legal field focusing on complex real estate litigation. Leanne holds a Bachelor of Science in General Management and M.B.A. from Purdue University. |