Reynaldo Saludares, Mba, P.E. Email & Phone Number

Houston, Tx, Us

Promote the Mission and Vision of Children's Safe Harbor (CSH) to communities, corporations/businesses, endowments/foundations, and individual donors.Assist in providing organizational oversight for budget and operations for CSH organization in excess of $8MM in assets. Collaborate with other CSH Board members in the Fundraising Committee, Capital Campaign Committee, and Finance Committee.

Review annual financial statements and single audit reports. Supervise the formulation of the annual operating budget (Oct-Sept).Provide a balanced budget for approval by the full Board of Directors.

Houston, Texas, Us

Develop startup strategic business plan outlining initial capital raise, targeted asset acquisitions, staffing requirements, and full-cycle development.Network with former colleagues and other professionals at industry events to discuss potential opportunities.Screen market offerings up to $50MM for potential upside (uphole/downhole, expansion, and asset optimization).Resilience Natural Resources LLC (RNR) is actively seeking acquisition and development opportunities. RNR was founded by a group of highly experienced oil and gas professionals technically skilled in unconventional development methods in multiple basins.

The Woodlands, Tx, Us

Customized Spotfire-based performance and cost analysis tools to increase process efficiencies (improve rig cycle time by up to 2 days/well) and reduce capex ($1MM/day/well) and maintenance opex (~$50MM annually).Expanded OPE’s responsibilities to include supporting Production Operations, partnering with Advanced Analytics and Emerging Technologies Team (AAET), and rolling out three internal analytics tools.Delivered 10+ tools and products that improved data accuracy (up to 25%), benchmarked/tracked key metrics (>50 metrics), and documented lessons learned/best practices for Operations teams (>25 new entries).Collaborated with AAET and Operations teams to screen 50+ potential emerging technologies and recommend five solutions to reduce annual maintenance commitments (up to $10MM).

The Woodlands, Tx, Us

Investigated 25+ potential third-party tieback business opportunities to maximize capacity utilization and revenue generation at 10 existing operated facilities. Designed Spotfire-based valuation and evaluation tools to assist in production handling agreement (PHA) contract negotiations and business development (BD) decision making (trades, acquisitions, divestments, and buyouts). Examined the historical and future economic impact of existing PHA contracts recognizing up to $500MM in benefits from production gathering fees, reduced operating expenses, and over-riding royalty interests (ORRI).Evaluated business development opportunities to improve cash flow, enhance portfolio diversification, and provide optionality for future developments.

The Woodlands, Tx, Us

Facilitated key asset strategies: lease preservation (95%+), operatorship capture (70%), well spacing, target co-development, surface land acquisition, and simultaneous operations (sim-ops). Headed the development of commitment recommendations for future natural gas processing and associated midstream (MS) infrastructure and marketing takeaway of up to 1 BCFD. Implemented Lean Six Sigma Green Belt projects to redirect natural gas to better priced market hubs (estimated benefit of $100MM per year).Provided schedule and budget oversight to advance Delaware Basin long-term campaign development, infrastructure build-out, and artificial lift integration.

The Woodlands, Tx, Us

Accelerated onshore learnings and best practices by developing semi-annual post-appraisal process for facilities/infrastructure and commercial agreements leading to savings up to $1MM per project. Led 15-member team of varied experiences and disciplines (engineering, financial, and field business processes). Spearheaded creation and maintenance of MS dashboard to track progress of onshore wildly important goals (WIGs), key performance indicators (KPIs) and priorities (License to Drive – Protect, Optimize, Enhance). Ensured accurate financial reporting. APC MS budget ($400MM capex, $200MM opex, $215MM EBITDA, 2.7 BCFE throughput), WES budget ($700MM capex, $250MM opex, $800MM EBITDA, 4.7 BCFE throughput).

The Woodlands, Tx, Us

Performed detailed sensitivity analyses for potential Mozambique domestic gas commitments based on Trinidad & Tobago’s domestic gas industry and potential impact to Mozambique’s GDP. Partnered with IHS to evaluate the feasibility and magnitude of a potential Mozambique domestic gas industry resulting in IHS Spectrum Excellence Award. Supported the development and negotiations of Unitization Agreement (UA) and Government agreements with multiple international parties.Coordinated Plan of Development (POD) preparation and submittal for two offshore gas discoveries (Golfinho-Atum and Prosperidade) to Area 1 partners and Mozambique Government.

The Woodlands, Tx, Us

Mentored and led Reservoir Engineering team (five reservoir engineers and two technologists) to execute development program with annual gross op and nonop budget of $1B ($400MM net). Added >125 MMBOE net reserves, produced >45 MMBOE net, and decreased LOE/BOE from $1.25 to $0.75 via high-graded development, spacing optimization, team alignment, and improved decline curve analyses. Maximized asset value via efficient operations (reduced costs), optimized development (lease preservation, inventory high-grading, and production/reserve growth), and best practices (pad drilling and water distribution). Developed the “3P’s of Peak Performance - Protect, Preserve, Produce” based on The 4 Disciplines of Execution to align organization in achieving and exceeding annual goals and expectations.

The Woodlands, Tx, Us

Championed the successful horizontal exploration/appraisal/development drilling program (100+ wells) in Oak Hill, SE Carthage (SEC), and Carthage Joint Venture (CJV) areas of ETX Carthage field. Assessed and recommended not acquiring the ETX and NLA Haynesville Shale acreage positions of 20+ companies for potential trades and acquisitions due to natural gas oversupply and decline of natural gas prices. Completed the technical evaluation for the successful acquisition of TXCO Resources ~80K net acres Eagle Ford Shale for $1,150/acre (~$93MM).

The Woodlands, Tx, Us

Launched 20+ efficiency enhancing tools (post-appraisal, budget allocation and reforecasts) leading to 10+ hours savings per reservoir engineer.Executed the vertical development drilling ramp of the Haley field doubling gross production to 200MMCFD in less than one year. Initiated strategies to evaluate, exploit and maximize exploration potential in Oklahoma and Arkansas.Evaluated and recommended potential acquisition, divestiture, development and expansion opportunities in Mid-Continent and WTX.

The Woodlands, Tx, Us

Increased NMU production from 1350 BOPD + 1350 MCFD + 10 MBWPD to sustained 2400 BOPD + 3800 MCFD + 11 MBWPD (peaked at 3150 BOPD).Generated, maintained and implemented reservoir management plans for various EOR properties in central Oklahoma.Documented and provided justification materials for SEC and potential divestiture packages.Identified and exploited economic reserves via maintenance, surveillance, optimization, infill drilling, and management of OK WF, CO2 flood, depressurization and GT properties.

The Woodlands, Tx, Us

Recommended 50+ water fracture stimulations, 25+ artificial lift conversions, 20+ lateral cleanouts/workovers and 10+ re-entries in Fayette, Brazos, and Grimes Counties.Enhanced well productivity of water fracture stimulated wells resulting in enhanced productivity of 500-2,500 BOEPD and incremental reserve adds of 100,000-500,000 BOE per well.Budgeted oil and gas production, capital spending (stimulation and artificial lift), and operations expenses (workovers and tubing/rod replacements) of 500+ Austin Chalk multilateral wells.

The Woodlands, Tx, Us

Revitalized TXL, Roy Parks ‘B’, Ratliff, and Hunt Ranch (Ozona) fields through 25+ recompletions, 10+ stimulations, 5+ reactivations and 10+ artificial lift conversions.Increased production of 15 well Roy Parks ‘B’ lease from 40 BOPD + 200 MCFD + 300 BWPD to sustained 220 BOPD + 1200 MCFD + 6000 BWPD applying $1.4MM capex.Managed, monitored, optimized and supervised waterflood operations in TXLNU.Redesigned $6MM trunk and lateral fiberglass injection and production systems for TXLNU waterflood realizing pipeline repair savings of $1MM+ per year.

Master Of Business Administration - Mba, Finance, General

Bachelor Of Science (B.S.), Petroleum Engineering