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The exploration, appraisal and development of shale reservoirs in America over the past decade has been one of the most extraordinary periods in the history of America's oil and gas industry. The advent of isolated multi-stage hydraulic fracturing in 2006, in conjunction with technical advances in horizontal drilling, resulted in over a dozen shale reservoirs that were proven to be capable of producing commercial volumes of oil and natural gas.
During the decade, these shale plays displayed different levels of evolution based on the level of activity and the knowledge gained in the five key disciplines that contribute to successful oil and gas operations: geology, land, drilling, completions and production. Each of these disciplines required increasing levels of knowledge and optimization as the plays progressed along the maturity scale. It is also possible to rank the plays within the referenced maturity scale and this presentation will attempt to do that as well as offer unique anecdotal commentary on each play.
About Richard Stoneburner
Mr. Stoneburner joined Pine Brook in April 2013 and is a managing director on the energy investment team. Mr. Stoneburner represents Pine Brook as a director of Accelerate Resources Holdings, LLC, Admiral Permian Resources, LLC, Pursuit Oil & Gas, LLC, Red Bluff Resources, LLC and Wagon Wheel Exploration, LLC.
Mr. Stoneburner has over 41 years of experience in the oil and gas industry. He served as president of the North America Shale Production Division for BHP Billiton Petroleum from 2011 to 2012. From 2009 to 2011, Mr. Stoneburner served as president and chief operating officer of Petrohawk Energy Corporation. He was the company’s chief operating officer from 2007 to 2009, and led their exploration activities as vice president and then executive vice president of exploration from 2003 to 2007. Mr. Stoneburner began his career as a geologist in 1977 and held positions at Texas Oil and Gas Corp., Weber Energy Corp., Hugoton Energy Corp. and 3TEC Energy Corp.
Mr. Stoneburner is on the board of directors of Yuma Exploration and Tamboran Resources and is an advisor to Ayata. He also serves on the advisory council of The Jackson School of Geosciences at the University of Texas at Austin, on the visiting committee of the Bureau of Economic Geology at the University of Texas at Austin, is a board member of Switch Energy Alliance and is a board member for Memorial Assistance Ministries.
Mr. Stoneburner holds a B.S. in Geological Sciences from the University of Texas at Austin and an M.S. in Geological Sciences from Wichita State University.