jeff voncannon, redman management company - adams energy forum september 2014

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Jeff Voncannon President & CEO

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Jeff Voncannon Speaks at the Adam's Energy Forum in September 2014 about the new GSO Blackstone Redman Management Company partnership. Learn about F-250 LLC and the changes happening with the Redman Team.

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Page 1: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Jeff Voncannon

President & CEO

Page 2: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Who am I?

• 22 years running the Redman name w/ 60% IRR on 28 investments

• Portfolio approach to direct participation in oil and natural gas reserve development opportunities

Page 3: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Jeff, What on earth have you been up to?

Page 4: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

• Est. Nov 2013. A company powered by Redman, fueled by GSO Blackstone

• Second entrant model into emerging exploitation of unconventional and conventional resources plays.

Page 5: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Target Investments

• Typical entrant point is $25mm - $100mm of capital.

• Target out-of-favor basins, distressed assets;• Create opportunities from restructuring and

divestures; • Use proven technologies in new or novel ways

to create value. • Establish long term relationships with younger

management teams to joint venture.

Page 6: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

What we’ve done in 10 months

Page 7: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

WyCross Acquisition Dec. 2013

• F-250 closes on Abraxas Petroleum Corp's Eagle Ford assets at WyCross in Northern McMullen County, TX for $73 Million.

• 6000 Acres • 13 wells drilled • Net production at 500 BOEPD• average WI: 21.875% and NRI: 16.401%. • 80 plus development wells on 40 ac. spacing.

Page 8: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Tullos Acquisition May 2014

• F-250 Executed definitive Agreement to Purchase conventional oil assets in Louisiana from Quantum Resources

• 1540 net contiguous acres • 100% HBP, 100% WI and 80% NRI • Field has produced 20MMBO from the Wilcox

formation. Field gross production at ~ 700 BOEPD.

• 235 gross drilling locations.

Page 9: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Prospect Name: “Miss Piggy” Sep. 2014

• F-250 closes on development AMI in West Texas. Initial wells to be drilled 1st quarter 2015.

• Multiple objectives, potential of 200 locations. 80% Working Interest.

• We wanted all of it, but Pigs get fat and Hogs get slaughtered!

Page 10: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014
Page 11: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

What’s Next

• F-350 – Company formed around acquired properties that need general production enhancements

• F-450 - The Dump Truck Vehicle where we deposit F-250 and F-350 company assets into a private MLP

• F-150 - Projects which are pure exploration in nature when warranted, and are risk adjusted.

Page 12: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Two Ways to transact with RMC/F-250

•Help F-250 get gassy! • Join RMC Team!

Page 13: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Help F-250 Get Gassy!

• Want to trade?• Non-op interest at Wycross or a portion

of it, for a gas dominate asset with similar production or producing profile.

• The cash flow from the F-250 WyCross asset will totally fund a one rig continuous pad drilling program with 70 plus locations.

Page 14: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Join RMC Team!

• We at Redman are intentional at mentoring the next generation of energy industry leaders

• We develop FAT people • Faithful • Available • Teachable

Page 15: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the present

Page 16: Jeff Voncannon, Redman Management Company - Adams Energy Forum September 2014

Reach Out To Us

[email protected]

F250LLC.com