Russell Smith, P.E. Email & Phone Number

Midland, Texas, Us

Midland, Texas, Us

Led the operations, engineering, accounting, regulatory, mergers and acquisitions, and beyond for a startup E&P comprised of;- Evaluation of first significant asset acquisition (~500 Net BOEPD) and subsequent asset management; asset maintained flat decline versus the pre-acquisition decline of 14% and added 144MBO reserves while maintaining positive cash flow throughout, asset was projected to see a 10-20% increase in production by the end of 2023- Evaluation and closing of ORRI and “bolt-on” acquisitions and continued evaluation of numerous other acquisition opportunities- Evaluation of second significant asset acquisition (~800 Net BOEPD)- Developing and co-presenting economic models, proformas, and upside potential to gain investor buy-in and lender approval- Providing guidance for/authoring/executing LP agreements, operating agreements, PSAs, and due diligence efforts prior to closings- TSA development and leading the transition team ensuring optimal results with handover and final closing settlements- Selection, setup, and implementation of all company software solutions for accounting, production/operations, and SharePoint- Selection and oversight of accounting outsourcing solution and structuring relationship and agreements- Establishment or renegotiation of marketing and sales agreements with oil purchasers and gas processors- Creation and negotiation of power purchase agreements, SWD agreements, MSA’s, and other operational agreements- Securing hedges to satisfy loan agreements for oil hedges, as well as adding gas and NGL hedges to further dampen impacts of future pricing fluctuations, hedges placed mid-year 2022 proved to be vital Q4 2022 through Q2 2023- Providing engineering support to operations to grow production and satisfy regulatory requirements

Midland, Texas, Us

Led the engineering, construction, and operations teams and co-led business development for the flagship asset in central/southern Martin County designed to handle 400,000 BWPD for a startup water midstream company; consisting of three central 1MM BBL H-11 storage ponds, auxiliary utility storage, and produced water recycling/reuse facilities, as well as the interconnecting pipeline and pumping network required to gather produced water and distribute recycled water throughout the area to support drilling, completion, and production operations for the area E&P’s

Allen, Tx, Us

Led the field operations team for all of the companies Permian assets while leveraging engineering background to make recommendations to corporate and better manage execution in the field; the Permian asset consisted of 3 San Andres CO2/WAG EOR fields, 1 Wolfcamp gas cap CO2 EOR field, and an NGL recovery plant for combined production of ~2,000 BOPD- Maintained flat decline and lowered LOE by 10%- Implemented preventative and proactive maintenance program- Began establishing training and competency requirements and SOPs- Executed multiple capital projects to add 25MMCFD of compression to further enhance flooding operations- Led initiative to upgrade automation and SCADA systems- Maintained transparent, collaborative, and solid HSE minded culture

Irving, Texas, Us

Led and mentored a team of operations engineers and analysts that oversaw the surface and subsurface operations for the northwest region vertical and aging horizontal wells; • Led team in reducing LOE by ~30% YOY ($36MM to $25MM) while exceeding production targets• Led team in adding over $30MM in NPV• Team managed the associated capital, G&A, and LOE budgets• Team ensured compliance with all state and federal regulations• Led team to develop engineering solutions to operational issues, verify economic viability, manage lease obligations, and perform production surveillance and enhancement • Led team in managing ARO (Asset Retirement Obligation) operations• Led team in capital project scoping, cost estimating, economic justification, AFE approval, and execution

Irving, Texas, Us

Selected as the first operations engineering supervisor for PWM and built out a diverse team of operations engineers to support Pioneer’s continually expanding water midstream infrastructure and temporary water supply operations to D&C; • Led development of refined chart of accounts to allow for better visibility into expenses and drive development of best practices for common assets, such as pipeline and pond infrastructure, as well as temporary transfer and treating systems• Led PWM incident investigation subcommittee• Team provided engineering support to all aspects of operations, including water quality/treating, produced water recycling/reuse, pond maintenance, pipeline maintenance, and mechanical integrity/reliability • Led team in capital project scoping, cost estimating, economic justification, AFE approval, and execution• Led water supply well optimization and temporary water transfer operations, through active monitoring and automation• Key contributor to design reviews and PHA’s for new pump station, recycling facilities, and disposal facilities• Owner and approver of MOC process for PWM• Active member of the workgroup that developed API RP 15WT

Irving, Texas, Us

Selected as the first maintenance and electrical superintendent managing a team comprised of 3 maintenance foremen, 3 inspection foremen, 3 electrical foremen, the techs reporting to the foremen, and an army of contractors; • Led team in reducing mechanical/process maintenance LOE by ~62% (2015 to 2017) and electrical maintenance LOE by ~40% (2015 to 2017) resulting in reducing annual spend from ~$60MM to ~$30MM, emphasized in investor presentations• Team oversaw all surface maintenance activities for all tank batteries, SWD’s, pipelines, well sites, AL surface equipment, and electrical infrastructure for all Permian production operations, for aging vertical assets and newer horizontal development assets • Met all HSE and downtime metric goals• Major contributor to the EAM (Enterprise Asset Management) portion of Pioneer’s ERP (Enterprise Resource Planning) design, development, and implementation

Irving, Texas, Us

Led the vertical operations engineering team, comprised of 3 staff/senior level engineers, 2 engineering coordinators, 7 rotational engineers, and 4 analysts; • Led team in reducing LOE by ~20% (Q4 2014 to Q2 2015) while exceeding production targets• Team oversaw the surface and subsurface operations for the entire Permian vertical asset (~7,000 wells, over 2,000 surface facilities, and all interconnecting infrastructure), • Team managed LOE, capital, and G&A budgets• Team ensured compliance with all TRRC, TCEQ, and EPA regulations, managing a full asset initiative to add controls to minimize VOC’s and get all vertical facilities in compliance while minimizing the financial impact • Team managed all workover activities and other operational factors that impact the economic viability of the asset• Led team in executing numerous other capital projects to lower LOE, address HSE issues, and/or improve efficiencies• Filled in for the operations manager regularly and largely trusted to make decisions in his stead

Irving, Texas, Us

Led and mentored staff of facilities engineers and engineering techs and ensured consistency between activities of 12 maintenance/construction foremen across the entire Permian Basin; • Team ensured infrastructure was in place to handle ~20 new wells per month• Leverage other groups (mainly operations support personnel and operations engineering staff) to accomplish goals • Team ensured operational issues were addressed properly and risks reasonably mitigated • Reviewed AFE packages for technical and economic viability and led team to effectively manage projects• Worked with other discipline leads, field superintendents and foremen, to accomplish goals

Irving, Texas, Us

Led and mentored 5 engineers, each with 600-900 wells (vertical and horizontal); • Led the engineering efforts associated with preparing the operation to handle new wells pre-completion and maintaining operations post completion• Led team in development of water handling/disposal strategy and implementation• Led team in development of oil and gas takeaway/sales strategy and implementation• Reviewed AFE packages for workovers and infrastructure projects • Worked with other discipline leads, field superintendents and foremen, to accomplish goals

Irving, Texas, Us

General operations oversight of ~900 wells and associated infrastructure while leveraging facilities engineering experience asset wide;• Act as the subject matter expert for facilities/infrastructure in the Permian Asset• Infrastructure projects to handle produced water for gathering and disposal and oil & gas gathering and sales to reduce opex and ensure the most favorable commodity pricing and transportation fees• Develop cost estimates, determine economic viability, and generate justification and AFE’s• Process simulation, material specification, and equipment design• Develop workover procedures, cost tracking, and troubleshoot workover issues• Mentored new engineers and interns• Performed design and selection for artificial lift method (rod lift, gas lift, plunger lift, and ESP)• Worked with marketing, production accounting, land, reservoir, completions, geology, facilities, HSE, IR, BD, field personnel, regulatory, etc. to properly manage operational area

New York, Ny, Us

Project engineering/management of a $60MM field development project to support the addition of 29 new injection patterns and additional production associated through a combination of individual contribution and managing efforts of 3rd party EPC firm;- Interpretation of reservoir forecasts to project impacts to infrastructure and required upgrades- Provided infrastructure planning for FDP, performed FEED studies, cost estimating, economic analysis, and generated AFE’s- Process and hydraulic simulation utilizing PipeSim and HYSYS- Instrumentation and controls design for pump and compressor stations, production/process systems, injection systems, wellsite and facility ESD systems, and SCADA integration- Material specification, equipment design, RFQ preparation, and construction package generation (well sites, flowlines, satellites, batteries, emulsion gathering and gas gathering systems, and CO2 and water distribution/injection systems)- Project management, scheduling, and cost tracking- Write construction scopes of work, oversee construction, and oversee contract inspection- Develop shut-in and tie-in procedures, maintaining SimOps to minimize production downtime- Participated in technical peer reviews, RCA’s, and leading edge product evaluation- Mentored junior engineers, engineering techs, and interns- Completed several de-bottlenecking and optimization projects related to existing facilities

Midland, Texas, Us

General mechanical/process engineering & project management;- Process and hydraulic simulation and design utilizing WinSim and PipeSim- Material specification for major equipment and process/piping systems- Equipment design (pressure vessels, pumps, various other process components, control components, etc.)- RFQ preparation for major equipment- Construction package generation (P&ID’s, piping drawings, BOMs, civil details, etc.)- Project scheduling and cost tracking