Oil and Gas
WHO WE ARE
Vision
To generate consistent, sustainable and long-term best in class returns in oil and gas by living our core values and emphasizing technology
Core Values
1. Integrity – To be honest and adhere to moral principles
2. Respect - Treat others the way we want to be treated
3. Dedication – Wholly committed to a course of action
4. Commercial Focus - Main emphasis is pursuit of profit
5. Philanthropy - Promote the welfare of others
Looking For
Our goal for 2020-2021 is to establish deal flow to acquire properties with the following characteristics
Base production -> not looking to materially pay for upside development potential)
Onshore US -> Nothing international
Scalable and Lendable -> Traditional RBL financing
Commodity agnostic -> i.e. no preference to oil or gas
Recovery agnostic -> i.e. open to conventional and unconventional as well as 2nd or tertiary recovery
Material -> $1-50M valuation
Strategy
1. Identify value-add potential, such as:
Production uplift and optimization
3D Seismic leveraging
Modernization of energy (onsite electric generation, etc.)
Downside risk mitigation (i.e. MIT/P&A risk)
Optimization of risk/reward (i.e. “shape of the bet)
2. Key strategy drivers:
Establish strategic relationships with operators, consultants and capital providers
Disciplined in strategically deploying capital for longer-term market cycles
Deploy technology and analytics to uncover values
Karl Umland
Former director of engineering at Arsi, a gas company backed by the Koch Brothers
Previously engineering manager for S&A backed by Denham Capital for $150M
Previously petroleum engineer at Anadarko for 8 years ending with a team lead position
BS in petroleum engineering from the Colorado School of Mines
Licensed professional petroleum engineer in CO
Limited Partner in the $5M Rockies Venture Club Fund I
Founder of Coneg LLC, which since 2011 has grown to $4.3M under management and revenues of $300K/year
Barrett Lavergne
Former director of geoscience at Arsi, a gas company backed by the Koch Brothers
Previously geoscience manager for ARC in Permian Delaware basin
Previously geoscientist and co-founder of S&A
Previously geoscientist for NE Appalachia Operations at Inflection Energy
Integrated seismic and geosteering disciplines for optimal wellbore targeting in structurally complex setting
Koch Brothers -> Bill Koch -> Gunnison Energy
Rockies Venture Club Fund 1
https://www.rockiesventureclub.org/
