keynote speaker - ipaa...private capital markets. avtar joined lmi after having worked most recently...

Jay Graham Chairman, CEO and Co-Founder WildHorse Resource Development Corp. Jay Graham is the Chairman, CEO and co-founder of WildHorse Resource Development Corporation (“WRD”-NYSE) which went public in December 2016. WRD operates premier assets in the East Texas Eagle Ford and the over-pressured Cotton Valley in North Louisiana. Over the past year, WRD has consolidated several Natural Gas Partners backed companies and acquired approximately $1 billion of assets located in the East Texas Eagle Ford. Along with the acquisitions, WRD has issued $500 million in high yield bonds, $435 million of

convertible preferred equity and increased activity from one to seven rigs. WRD has revitalized the East Texas Eagle Ford with the introduction of high intensity fracs. This new completion design has led to industry leading performance and returns in an area that had been previously undervalued. In the last three years, WRD has built the second largest Eagle Ford position and is anticipated to deliver more than 100% production growth in 2017.

Previously, Jay was the CEO and Co-Founder of WildHorse Resources, LLC and WildHorse Resources II, LLC. WildHorse Resources was founded in 2007 and ultimately, through acquisitions and the drill bit, provided assets for three public companies: Memorial Production Partners LP (“MEMP”) in December 2011, Memorial Resource Development Corp. (“MRD”) in June 2014, and PennTex Midstream Partners, LP (“PTXP”) in June 2015. Jay served as CEO and a member of the Board of Directors of Memorial Resource Development Corp from January 2016 until the merger with Range Resources in September 2016.

Jay has been in the oil and gas business since 1993, holds a BS in Petroleum Engineering from Texas A&M University (Class of 1992) and is a member of the Petroleum Engineering Academy of Distinguished Graduates. He also serves on the Petroleum Industry Advisory Board and the College of Engineering Advisory Council at Texas A&M University. Mr. Graham is a co-founder and advisor of the Petroleum Ventures Program at Texas A&M which is a collaboration between the Department of Petroleum Engineering and the Mays Business School. Jay and his wife April are the founders of the April and Jay Graham Fellowship for Military Service Initiatives at the George W. Bush Institute.

KEYNOTE SPEAKER

I N D E P E N D E N T P E T R O L E U M A S S O C I AT I O N O F A M E R I C A | W W W . I PA A . O R G

New Capital Sources | SPEAKERS

George McCormick Co-Founder and Managing Partner, Outfitter Energy Capital Mr. McCormick is a Co-Founder and Managing Partner of Outfitter and is a member of the investment committee. Prior to co-founding Outfitter in late 2016, Mr. McCormick served as a founding member and the Managing Partner of TPH Partners, the legacy private equity business of Tudor, Pickering, Holt & Co., and was a member of the investment committee. Before helping start TPH Partners in early 2008, Mr. McCormick was head of M&A for BHP Billiton’s global oil and gas business, responsible for corporate and asset acquisition and divestiture activities. Prior to BHP Billiton, Mr. McCormick was Managing Director of the Enron

estate’s Corporate Development group and a member of the post-bankruptcy management committee. Mr. McCormick led the formation and sale of the two most valuable surviving business platforms of the estate, CrossCountry Energy Corp. and Prisma Energy International Inc. Mr. McCormick has over 22 years of energy investment experience across equity, mezzanine and debt strategies, and has led over $700 million of direct energy investments. [Mr. McCormick currently serves on the boards of directors of Antioch Energy, LLC, BlueRock Energy Capital II, LLC, Elk Meadows Resources LLC, Elm Grove Resources, LLC, Laurel Mountain Energy, LLC, and Principle Petroleum Partners LLC.] Mr. McCormick holds a B.A. in Economics from Vanderbilt University and was a Sord Scholar at the University of Texas at Austin, where he earned his MBA with a concentration in Finance and Investments.

Robert Cabes Head of Investment Management, Intrepid Financial Partners Robert Cabes is a Managing Director at Intrepid Financial Partners and head of its investing business. Robert is based in Houston.

Prior to joining Intrepid, Robert was a Managing Director at White Deer Energy, responsible for making private equity energy investments. Before that, Robert had similar responsibilities as a Partner at Avista Capital Partners and as a Principal at DLJ Merchant Banking Partners. Earlier in his career, Robert was an investment banker at both Donaldson, Lufkin & Jenrette

and Prudential Securities where he led numerous strategic and financing transactions for energy clients. Robert is a former Director of several private and public energy companies including Copano Energy, Eco-Stim Energy Solutions, Hi-Crush Partners, Laramie Energy, Laredo Energy, Manti Exploration, Ultra Tech Frac Services and two unconventional oil and gas development joint ventures with Carrizo Oil and Gas. While at prior firms, Robert was substantially involved with 23 direct energy sector equity investments representing $1.9 billion of invested capital which generated attractive realized and unrealized returns.

Robert is a Chartered Financial Analyst and holds a BBA in Finance from Southern Methodist University.

New Capital Sources | SPEAKERS

Justin Moers Managing Director, Munich Re Trading LLC Mr. Moers joined Munich RE in 2016 and is a Managing Director in the oil and gas lending group, where he is responsible for all aspects of the deal process, including transaction sourcing, structuring, negotiation and execution, while also serving as an integral part of the firm’s business development efforts. Prior to Munich RE, he held various positions with GulfStar Group, a Houston-based middle market investment bank, providing M&A advisory and financing services, primarily to private energy companies. He began his career as a CPA in Ernst & Young’s assurance and business advisory practice. Mr. Moers received his Bachelor

of Business Administration and Master of Public Accounting degrees from The University of Texas at Austin.

Avtar Vasu Head of Global Private Investments, Liberty Mutual Investments (LMI)Avtar Vasu, Head of Global Private Investments: Avtar joined Liberty Mutual Investments (LMI) in June 2016. He has over 18 years of investment experience, majority of it in the private capital markets. Avtar joined LMI after having worked most recently as the interim Chief Investment Officer (CIO) at the UAW Retiree Medical Benefits Trust, overseeing a portfolio of ca. $60 billion. Prior to the Trust, he worked as a Managing Director at the Harvard Management Company (HMC) managing investments in the Natural Resources and Special Situations areas. He joined HMC from Wood Creek Capital Management, LLC, a firm he

co-founded to invest in tangible (real assets), intangible (intellectual property), and non-financial security market based investments (shipping, trade finance, weather, etc.). He started his investment career at Deutsche Bank after spending five years designing and building highways and bridges in the State of New York. Avtar holds an MBA from the University of Chicago Booth School of Business; an MS in Geotechnical Engineering from the State University of New York at Buffalo; and a Bachelor of Engineering in Civil Engineering from the Delhi College of Engineering, India. He is also a Chartered Financial Analyst.

Consolidations, Acquisitions and Divestitures | SPEAKERS

Craig Lande Managing Director, RBC Richardson BarrCraig Lande, a managing director of RBC Richardson Barr, has more than 20 years of experience in the U.S. A&D market, involving company research, corporate and asset valuation, and business development. Prior to joining RBC Richardson Barr in 2005, Lande was with asset marketer Waterous & Co. as a vice president and was creator and editor of Quarterly Market Review, a newsletter focusing on upstream A&D valuations and trends. Previously, he was a senior analyst with energy investment-banking firm Cornerstone Ventures LP. He holds a B.S. in Business Management and Marketing from Tulane University.

Chuck Yates Managing Partner, Kayne Anderson Capital Advisors, L.P. Chuck Yates is a managing partner for Kayne Anderson Capital Advisors’ energy private equity activities. He focuses on identifying investment opportunities as part of Kayne Anderson’s emphasis on energy transactions.

Prior to joining Kayne Anderson in 2001, Mr. Yates was a senior vice president at Stephens Inc., an integrated merchant and investment bank.

Mr. Yates earned a B.A. in Political Science in 1991 and an M.B.A. in Finance in 1994 from Rice University.

Industry Veterans’ 2019 Outlook | SPEAKERS

Ron Dierker Managing Director, JPMorgan Ron is a Managing Director in the Energy Group primarily responsible for the upstream segment In addition, he served as Head of Energy Restructuring for the Corporate Bank during the most recent downturn.

He has been financing the energy sector since 1987, with a primary focus on the debt capital marketss. He joined First Chicago in 1985 and has been with successor organizations since then, relocating to Houston in 1995.

Ron holds a Bachelor of Arts in Finance from the University of Illinois and a Master of Management from the J. L. Graduate School of Management at Northwestern University. He also serves on the Board of Directors of Small Steps Nurturing Center in Houston.

Ron and his wife, Lisa, live in Houston and have two college age children.


Chris Miller Managing Director and Head of North American Energy Investment Banking, CitiChristopher Miller is a Managing Director and Head of North American Energy Investment Banking at Citi. Mr. Miller has worked with Citi’s Global Energy Group since May 2006, and has been an energy investment banker for 25 years. Mr. Miller has worked with a number of different companies on a variety of capital markets and financial advisory transactions. Since 1993, Mr. Miller has advised on over 100 financial advisory transactions representing in excess of $100 billion in aggregate deal volume, and over 200 capital markets transactions raising over $125 billion in aggregate. He is focused on North American oil and natural gas

companies. Prior to graduate school, Mr. Miller was a banking officer at First Interstate Bank in Houston, Texas. Mr. Miller holds a M.B.A. with honors from the University of Chicago and a B.B.A. in Business Administration from Southern Methodist University. Mr. Miller is Treasurer and a board member for the Midtown Arts & Theatre Center – MATCH; he is on the Finance Committee at River Oaks Baptist School; and he serves on the Advisory Board of the Don Jackson Center for Financial Studies at the SMU Cox School of Business.

Stuart Page Managing Director, The Carlyle Group Stuart Page is a Managing Director in the Energy Credit group and is focused on Oilfield Services and Equipment. He is based in Houston.

Prior to joining Carlyle, Mr. Page was Chief Executive Officer of Glori Energy, an oil production and technology company that he took public on NASDAQ in 2014. Prior to this, he led M&A at IHS Energy. During his 30-year career in the industry, Mr. Page has led upstream oil and gas businesses in seven countries on four continents.

Mr. Page received his MBA from the Harvard Business School and his Bachelors and Masters degrees in Engineering from the University of Oxford.


Alan Smith President & CEO, Rockcliff Energy LLC

Alan has been in the oil and gas business for over 32 years and is currently the President and CEO of Rockcliff Energy, a privately-held independent oil and gas company headquartered in Houston, Texas. He began his career in the East Texas Field in 1986 and after multiple stops at larger E&P companies, he followed his entrepreneurial spirit and founded Chalker Energy Partners in 2003. Over the past 14 years, he has founded or led six companies to successful outcomes for his investors. He founded Rockcliff Energy in January of 2015 with $700 million in private equity commitments, led by Quantum Energy Partners, with the company’s focus being in the Ark-La-Tex and Delaware basin areas.

Prior to Rockcliff Energy, Alan served as both the CEO of Quantum Resources Management, a direct investment private equity fund, and QR Energy, a publicly traded MLP. He previously was a Managing Director at Quantum Energy Partners, where he actively worked with portfolio companies on strategic, operational and other value-building activities. Prior to


Non-Traditional Financing Sources | SPEAKERS

Scott Segal Managing Director, MSD Partners L.P. Mr. Segal joined MSD Partners in 2006. He is a Managing Director in the firm’s credit group. Over his 12 years at MSD, Mr. Segal has invested in public and private opportunities including senior loans, mezzanine loans, and structured equity, across a broad range of sectors, including all areas of energy and power.

Prior to joining MSD, Mr. Segal was a management consultant at the Boston Consulting Group, and an investment professional at HarbourVest Partners. Mr. Segal began his career as an analyst at Salomon Brothers.

Quantum Energy Partners, Alan served as Founder, President and CEO of Chalker Energy Partners, was Chairman of Chalker Energy Partners II and Lead Board Member of Chalker Energy Partners III. Prior to Chalker, Alan held positions of increasing responsibility at Ocean Energy, XPLOR Energy, Ryder Scott Company, Burlington Resources and ARCO Oil and Gas Company.

Alan is presently a District Vice President for the Upper Gulf Coast of the Texas Oil and Gas Association (TXOGA) and is a member of the US Oil & Gas Association’s (USOGA) Board of Directors and Executive Committee. He serves as a board member for the Southeastern Region IPAA and is on the Petroleum Advisory Board for the Texas Tech Department of Petro-leum Engineering. He is a board member of the Center for Hearing and Speech and an elder at Christ the King Presbyte-rian Church. He holds a B.S. in Petroleum Engineering from Texas Tech University.

Austin Elam Partner, Haynes and Boone, LLP As a leader in Haynes and Boone’s Oil and Gas Practice Group, Austin Elam maintains a broad transactional energy practice with an emphasis on complex upstream and midstream oil and gas transactions, including acquisitions, dispositions, joint ventures and financings of oil and gas properties and energy assets across the broader energy spectrum. Austin’s recent transactions include secured reserve based financings, project development and project finance, and purchase and sale agreements, farmout agreements, participation agreements, joint development agreements and a variety of other transactions ranging from gathering,

transportation and marketing agreements to ISDA Master Agreements and Schedules.

Austin has represented clients in connection with virtually every active oil and gas play in the United States, including Eagle Ford, Bakken, Niobrara, Haynesville, Marcellus and Utica Shales, the Permian Basin of Texas and New Mexico, the SCOOP and STACK plays in Oklahoma and the state and federal waters of the Gulf of Mexico. He also has experience in the alternative energy arena, including solar energy project financing and financings in connection with oil recycling refineries. Austin was also a member of the Haynes and Boone team that counseled an international developer in its public-private partnership to develop an $850 million water pipeline in central Texas.

Austin was selected for inclusion in Texas Super Lawyers Rising Stars, Thomson Reuters, for Energy and Natural Resources, 2015-2018.

Mark Tharp Head and Managing Director, ORIX Energy Capital Mark Tharp serves as Head and Managing Director of ORIX Energy Capital and is responsible for all aspects of oil and gas investments. With more than 18 years of experience in all phases of energy finance, Mr. Tharp focuses on leading and executing debt and equity financings as well as M&A transactions in upstream, midstream and oilfield services. His track record includes more than 125 transactions totaling in excess of $18 billion in value.

Prior to ORIX Energy Capital, Mr. Tharp was a Director at CLG Energy Finance, LLC, an affiliate of Beal Bank and Beal Bank USA, where he was responsible for all aspects of the oil and gas investment process. Prior to CLG, he held a variety of roles as both an investment banker and financial executive responsible for capital markets, corporate development and leveraged finance.Mr. Tharp received his Bachelor of Science from Texas A&M University in College Station, Texas.

Non-Traditional Financing Sources | SPEAKERS

Mid-Market Financing Options | SPEAKERS

Mark Green President, Madava FinancialMark Green is a 30 year + Energy Finance Veteran most recently with Wells Fargo Energy Capital. For the past 12 years he lead a team that deployed over $5 Billion across 250 debt and equity transactions. Mr. Green was a member of the leadership team for the Wells Fargo Energy Group, which is one of the largest capital providers to the sector with relationships that encompass public and private companies across the upstream, midstream, refining, services, power and utilities segments. Mr. Green led a team of investment professionals to provide acquisition and development capital to upstream and midstream companies in the U.S. and Canada. Primary products included development loans, unitranche loans and subordinated/2nd lien debt as well as common and preferred equity investments. Mr. Green served on the board of directors of several portfolio companies. His duties also included managing Wells Fargo’s investments in over 35 energy-focused private equity funds. Mr. Green holds an BBA in finance from the University of Texas at Austin and an MBA from Southern Methodist University.

Tim Murray Managing Director and Head of Energy Origination, Benefit Street Partners

Tim Murray is a Managing Director and Head of Energy Origination with Benefit Street Partners. He is based in our Houston office. Prior to joining BSP in 2015, Mr. Murray was a Managing Director and Manager of the Houston energy office for GSO Capital Partners since November 2011. He was responsible for investing and raising capital for the energy team at GSO. Prior to joining GSO, Mr. Murray was a Managing Director of Guggenheim Partners and opened the Houston office in September 2005. Prior to joining Guggenheim, Mr. Murray was an Executive Vice President and Manager of the Energy Group at Wells Fargo Bank and

the President of Wells Fargo Energy Capital. Mr. Murray was responsible for commercial banking and alternative invest-ments in the energy sector, managing offices in Dallas, Denver, and Houston. Prior to Wells Fargo, Mr. Murray was a Senior Reservoir Engineer for ARCO Oil and Gas Company and an Engineering Assistant at Atlas Processing, a Pennzoil-owned refinery. Mr. Murray has served as Chairman of the Capital Markets Committee and board member of the Finance Commit-tee of the Independent Producer’s Association of America. He is the former President and former Treasurer of the Houston


Mid-Market Financing Options | SPEAKERS Producers Forum. Mr. Murray has served for a number of years as an advisory board member of the Mays School of Busi-ness at Texas A&M University, and as an advisory board member of the Petroleum Ventures Program. Mr. Murray serves on the Finance Committee of the Twelfth Man Foundation at Texas A&M. He received a Master of Business Administration from Southern Methodist University and a Bachelor of Science in Chemical Engineering from Texas A&M University.

Johnnie Penton Managing Partner, Canaan Resource PartnersJohnnie K. Penton is a Managing Partner of Canaan Resource Partners and is a general partner of Canaan Resource Partners Drilling Fund LP, where he is actively involved in all aspects of fund management. Additionally, he is a general partner of Canaan’s Fund IX and Fund X, and serves as CEO of each fund’s respective operating company.

Mr. Penton’s investment management expertise has evolved over a 35 year energy career, and is complemented by a contact resource base that covers a wide variety of energy companies, brokers and financial institutions. In 1987, along with Leo E. Woodard, he co-

founded Coral Reserves Group, Ltd., which would become the first of a series of investment entities leading to the ultimate formation of Canaan Resource Partners. After the consolidation in 2000 of eight limited partnerships operating under the Coral Reserves name, Mr. Penton served as President of the resultant entity, Canaan Energy Corporation (Nasdaq:KNAN).

Mr. Penton earned a B.S. degree in economics from Oklahoma City University in 1978 and an MBA from the University of Central Oklahoma in 1980. He began his career with Hunt Energy Corporation in 1980, serving as a petroleum landman in the Oklahoma City office. In 1984, he formed Newport Resources, Inc., an energy investment company he owned and actively managed until his co-founding of Coral Reserves Group, Ltd. in 1987.

Charlie Thompson Partner, PinHigh Capital Partners Mr. Thompson serves as the Chairman of our Board of Directors and as Chief Executive Officer. Mr. Thompson is currently a Managing Partner of PinHigh Capital Partners, a Houston-based family office affiliated investment partnership with a focus on smaller private oil service and exploration and production (“E&P”) investments. Mr. Thompson spent two years at Nomura Securities building the oil and gas investment banking business. From 2004 to 2014 he was an original partner of Legacy Partners Group, a boutique mergers and acquisitions firm based in New York that was sold to FBR Capital Markets (“FBR”) in the fall

of 2007. Mr. Thompson remained at FBR to run the energy investment banking practice where the focus was small cap oil service and E&P mergers and acquisitions and capital raising. From 1995 to 2003, he worked at CSFB in the energy investment banking group. Mr. Thompson began his career as a commercial banker at Manufacturers Hanover Trust Company. He holds a B.A. in geology from Williams College and attended Columbia Business School.

Zach is a graduate of Texas A&M University with a BBA in finance. He currently resides in Houston, Texas with his wife Kathy and their two kids, Dylan and Addison.

Success Stories | SPEAKERS

Richard Little CEO, Ajax ResourcesWith more than 20 years of oil and gas industry experience, including more than 10 years in Permian Basin shale, Mr. Little most recently served as vice president at EP Energy Company overseeing operations in the Permian Basin, South Texas and the Gulf Coast. Mr. Little held several positions of increasing responsibility after joining El Paso Exploration and Production in 2007. In prior roles, he consulted internationally and domestically in reservoir, production, completions and acquisitions & divestitures. Mr. Little received a bachelor of science degree in petroleum engineering from Texas A&M University in 1995 and is an active member of the Society of Petroleum Engineers and the American Petroleum Institute.

Brandon White Co-Founder and CFO, OneEnergy PartnersMr. Brandon White serves as Chief Financial Officer of OneEnergy Partners. Prior to co-founding OneEnergy, Mr. White was a Vice President with Leucadia National Corporation and Jefferies Capital Partners where he focused on originating and executing investments in the energy industry. Prior to joining Leucadia / Jefferies, Mr. White spent nearly seven years at BMO Capital Markets in their Energy Investment Banking group in Houston.

Mr. White holds a BBA in Finance from the University of Texas at Austin.

Zach Lee CEO, ARM Energy Zach Lee is the CEO and co-founder of Asset Risk Management, LLC, now known as “ARM Energy Holdings” (ARM). ARM is an independent producer services company that provides E&P and midstream companies with financial hedging, advisory, physical marketing and midstream solutions. When ARM was formed in 2004, the company’s primary focus was providing financial hedging advisory services. Under Mr. Lee’s leadership, the hedging advisory business grew from just one client to what is currently the largest hedging advisory firm in North America, serving more than 130 clients. ARM has 30 gas marketing clients

totaling 2.0 Bcf/d, largely out of the Marcellus, Midcon, Rockies, Permian and Gulf Coast.

Salt Creek Midstream (SCM), a joint venture between ARM Midstream and private equity fund Ares Management and currently has 460/d processing capacity under construction. Along with 500+ miles of gathering pipe in service or under construction, Salt Creek Midstream has 14 producer customers, with over 350,000 dedicated acres.

The KFM (Kingfisher Midstream) venture owns and operates a 260 MMcf/d cryogenic processing plant, natural gas gathering system, and crude oil gathering system in Oklahoma’s STACK play that spans 300,000 acres with 350 MMCf/d of gas processing capacity expected in 4Q18, currently servicing six producers. KFM is the largest private midstream operator in the STACK. In February 2018, Silver Run Acquisition Corporation II entered into definitive agreements to combine with Alta Mesa Holdings, LP and KFM in a combined venture valued at approximately $3.8 billion.

CONFERENCE CHAIRDavid Baggett Founder and Managing Partner of Opportune LLP Chairman of Dacarba LLCDavid is the Founder and Managing Partner of Opportune LLP and Chairman of Dacarba LLC. David has over 35 years of business experience, including six years as a partner with Deloitte & Touche and six years as a senior executive in the energy industry. Prior to founding Opportune, David was the President, COO and CFO of a consolidation of construction companies comprising the largest residential plumbing and mechanical company in the United States. David started his career at Deloitte & Touche where he became Partner-in-Charge

of the Firm’s energy audit practice based in Houston. David was also in charge of the corporate finance group for the Southwest Region where he led due diligence teams on several large acquisitions and formulated business plans for new ventures. David left Deloitte to be the Senior Vice President & CFO of a publicly traded exploration & production company where he sourced and closed acquisitions and accessed the public and private capital markets. David has lead numerous recent debtor-side restructuring engagements and has also served as an expert witness on many of the industry’s largest cases over the last decade.

David is an active investor in the energy industry and has served on the boards of numerous energy companies, including Genesis Energy MLP, Encore Energy Partners (MLP), ERCOT, and Marlin Midstream GP, LLC (MLP).

David graduated with honors with a BBA in Accounting from Texas A&M University.


Barry Winstead President and CEO, Forge Energy IIBarry Winstead is the President and CEO of Forge Energy II, a private E&P company headquartered in San Antonio, Texas. Forge Energy, which was started in 2011, completed a successful sale of their Delaware Basin assets to Oasis Petroleum for $946MM in February 2018. Forge was also an early entrant in the horizontal San Andres play, building a 30,000-acre position on the Central Basin Platform which was sold in early 2017. Forge Energy II was launched in June 2018 with a $400MM equity commitment from EnCap Investments.

Starting his career as an engineer with The Superior Oil Company, Barry went on to spend over 20 years with Burlington Resources in multiple roles, ultimately serving as Vice President of BR’s Mid-Continent Division. After the acquisition of Burlington by ConocoPhillips, he spent two years heading up COP’s Business Unit responsible for Rocky Mountain, Permian and Mid-Continent operations.

Barry holds a Bachelor of Science in mechanical engineering from Oregon State University (OSU) and was elected into the OSU Academy of Distinguished Engineers in 2005. He has served on advisory boards at OSU and Texas Tech University and has held leadership positions on many nonprofit boards.

Success Stories | SPEAKERS

keynote speaker - ipaa...private capital markets. avtar joined lmi after having worked most recently...

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