Ceo And Cfo
Permian Resources, Llc
Oklahoma City, Oklahoma Area
Senior executive for a private company sponsored by EMG and First Reserve focused on acquisition and development of oil and natural gas assets in the Midland Basin. Started as second employee reporting directly to the CEO, subsequently promoted to CEO after implementing business plan to aggressively expand production growth by more than 275% with 150 employees over 2.5 years. Leader of multiple departments, expertly supervising finance, accounting, tax, treasury, marketing, risk management, A&D, land, legal, HR, IT/IM and operations teams. Served as primary interface to private equity sponsors, directing capital allocation and operational strategy.● Developed and led capital formation initiatives, completing $1.0 billion revolving credit facility, $1.145 billion in private equity, a record-setting $1.6 billion senior note offering, and three additional debt financings totaling $1.35 billion.● Evaluated more than 40 asset acquisition opportunities totaling more than $6.0 billion, completing seven bolt-on acquisitions for $650 million.● Generated more than $330 million of realized gains through expert leadership of proactive hedging program.● Led preparation of company for an IPO through the design and implementation of public company-caliber financial reporting and accounting processes and protocols.● Directed capital expenditure budget of more than $560 million attaining more than 275% net production growth from 2014 to 2016 through a successful four-rig drilling program, improving well performance by 50%, reducing well costs, lease operating costs, and G&A costs by 50%, later maintaining YoY production levels with 65% reduction in capital expenditure spending.● Established innovative drilling partnership with a financial partner through strategic marketing efforts, and independently marketed and executed four asset sale transactions totaling $225 million.
