Contact Information

  • Scott Herstein
    (817) 368-1288

Industry

E&P

Location

Dallas

Experience

Chisholm Energy Holdings, LLC, Fort Worth, Texas (June 2016 to November 2020)

Vice President of Business Development

• Responsible for sourcing core basin asset opportunities.
• Negotiated Purchase and Sales Agreements for multiple transactions.
• Pursued strategic trades with third parties.
• Reviewed and negotiated Confidentiality Agreements for data room access.
• Supervised the due diligence process for acquisitions.
• Asserted defects and negotiated purchase price adjustments.
• Built and managed the Land Department consisting of seven staff members.

Accomplishments

Led the acquisition of more than 36,000 net acres in the Northern Delaware Basin, which included producing and non-producing assets in Lea and Eddy Counties, New Mexico. Screened in excess of 100 opportunities, and successfully closed on more than 10 transactions.

U.S. Energy Development Corporation, Arlington, Texas (May 2015 to June 2016)

Land Manager

• Managed multiple in-house and contract land personnel.
• Identified staffing needs and recruited talent for new Texas office.
• Reviewed and negotiated contracts for securing assets.
• Coordinated title opinions and associated curative.

Accomplishments

Reduced land brokerage costs by 10% during the first two months of employment. Selected and initiated the installation of a new Land software system for improvement of efficiencies and monitoring obligations.

EXCO RESOURCES, INC., Dallas, Texas (September 2013 to February 2015)

Vice President of Business Development

• Assisted senior executive team with strategic initiatives.
• Negotiated agreements for the acquisition and divestiture of properties.
• Managed multi-disciplined Evaluation Team consisting of Reservoir Engineer, Engineering Tech, and Director of Business Development.

Accomplishments

Closed the acquisition of 18 wells and associated assets in East Texas. Screened and evaluated more than twenty acquisition targets for the corporate entity and the Master Limited Partnership. Negotiated joint venture agreement covering assets in North Louisiana Haynesville.

QUICKSILVER RESOURCES INC., Fort Worth, Texas (2000 to 2013)

Vice President of Acquisitions and Divestitures

• Assisted senior executive team with planning and securing strategic transactions.
• Negotiated agreements for the acquisition and divestiture of properties.
• Prepared and conducted presentations for Joint Venture opportunities.
• Managed landmen and technical staff on multiple projects.

Accomplishments

Negotiated and closed the sale to Tokyo Gas of an undivided 25% working interest in the Barnett Shale ($485 Million); Completed Joint Venture with a major company in the Sandwash Basin; Acquired 150,000 net acres located in the Sandwash Basin; Pursued Joint Venture opportunities with multi-national organizations culminated with Eni JV; Organized acquisition of Barnett Shale assets ($1.3 Billion); Assisted in the divestment of assets in the Antrim and New Albany Shales ($1.47 Billion); Supervised the acquisition of 200,000 net acres in the Barnett Shale.

Sr. Landman - Manager of Land Administration (2000 to 2003)

• Organized and integrated property acquisitions.
• Developed staff of Land Professionals and administered departmental goals.
• Coordinated data conversions for land systems, including the automation of lease rental payments and other obligations.

Served in a dual role, which included a wide array of land related projects, while supervising a team of Land Administration employees, and consulting landmen. Organized the integration of a major property acquisition.

UNION PACIFIC RESOURCES COMPANY, Fort Worth, Texas (1997 to 2000)

Divestitures Coordinator – Corporate Development: Negotiated transactions involving the sale of producing oil and gas properties.

• Organized data rooms for due diligence, which included the merger with Anadarko Petroleum Corp.
• Reviewed and prepared documentation for title transfers.
• Administered goals for staff members.

Project Coordinator – Asset Recovery Team: Coordinated land-related issues on a multidiscipline team that recovered over $5,000,000 in missing revenues.

• Developed a database for tracking and recovering suspended funds held by numerous operators and purchasers.
• Conducted reviews of Union Pacific Resources’ fee mineral position within numerous States in order to identify outstanding revenue.
• Created Control Reports for Land Administration data cleanup.

Team Leader- Land Administration: Supervised team of Land Professionals that handled Acquisitions and Divestitures of oil and gas properties.

• Supervised the setup and integration of more than 20 Acquisitions.
• Organized the Divestiture Process for Land Administration.
• Developed departmental strategies and goals.

KAISER-FRANCIS OIL COMPANY, Tulsa, Oklahoma (1989 to 1997)

Landman – Coordinator of land titles due diligence for acquisitions.

• Reviewed and analyzed vendors’ files for potential title defects affecting property purchases
• Prepared and organized Closing Documentation.
• Supervised and trained landmen in title reviews.

Title reviews covered oil and gas properties located in more than ten U.S. States, and the Provinces of Alberta and British Columbia, Canada.

ENERGY LAND SERVICES, Dallas, Texas (1983 to 1989)

Landman – Assisted in the management of a contract land service.

• Negotiated and acquired oil and gas leases.
• Conducted title searches on mineral and surface rights.
• Created status reports and corresponding maps.
• Supervised landmen in the field.

Initially designated as a field landman checking records in numerous courthouses across the United States. Duties were expanded to include various administrative functions, which eventually led to overseeing the daily operations of the company.

Skills

Thirty-seven years of experience in the oil and gas industry, including extensive experience in the coordination of projects related to Acquisitions, Divestitures and Strategic Trades of assets. An effective problem solver and collaborator.

Education

The University of Texas at Austin (1979 to 1983)
Degree: Bachelor of Business Administration
Major: Petroleum Land Management