Oil and Gas



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


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

Profile picture of Karl Umland

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

Profile picture of Barrett Lavergne

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

A picture of a pump jack on a coal bed methane well with the sun setting in the background

Picture of Karl Umland with hard hat and safety glasses with workover rig in the back ground.

Logo of Rockies Venture Club

Rockies Venture Club Fund 1


Logo of Denham Capital

Denham Capital Portfolio

S&A Rescources and Atlantic Resources