Building an Asset in Uncertain Times: The Panther Energy Delaware Basin Story by Donald G. Burdick in Midland, Texas on 22 February, 2017.
Panther Energy II is a private equity funded oil and gas exploration and production company that began in September, 2013. By January of 2017, Panther acquired over 27,000 net acres in the Delaware Basin and drilled over 16 horizontal Wolfcamp and Bone Spring wells. Rather than focus on the technical aspects of the geology and engineering of these plays, this talk will focus on how we assembled the professional team, determined our investment strategy, and executed our business plan. The hope is that telling the Panther story will have value to others who are considering embarking on the adventure of a private equity backed start-up in the oil patch.