Team
Clay Border
email: ccborder@fptres.com
Mr. Border has been in the oil and gas industry in both operations and advisory since 2007. Clay is CEO and President of Brahman Resource Partners, LLC which he founded in 2016. Brahman Resource Partners acquires and develops mature oil and gas assets that can show new growth utilizing unconventional technology and development where they have historically been developed conventionally. He is the founder of Brahma Energy Partners, LLC where he focused on the restructuring and business development needs of private oil field service, and oil and gas companies. While at Brahma Energy Partners, he joined Donovan Capital where he focused on the capital needs of private oil and gas independents and private oil field service companies. Before joining Donovan Capital, he was a Vice President of Debt and Equity Sales at Tudor Pickering Holt, where he built out the energy debt research sales platform while also covering some of the largest public equity energy funds in North America. He is a graduate of the University of Texas at Austin with a BBA in Engineering Route To Business.
Logan Magruder
email: lmagruder@fptres.com
Mr. Magruder led three oil and gas companies prior to joining Indigena Capital, two of which were in excess of $1 billion in assets or start-up capital. As CEO of Chief Oil and Gas, he led the initiative to double the company’s Marcellus shale production and evaluate ~800,000 acres throughout Kansas. While president of Quantum Resources, Mr. Magruder purchased approximately $650 million long-life legacy assets throughout North America with a buy-and-exploit strategy. The assets were rolled up into an MLP which ultimately merged with Breitburn Energy. Mr. Magruder was also responsible for the initial capital investment into Ute Energy through the Quantum Resources platform where he set the company’s trajectory from an initial valuation of $80MM to $1.1B after follow-on capital investment. Mr. Magruder established a Rocky Mountain division for Berry Petroleum which served as the catalyst that diversified Berry’s portfolio. He was responsible for leading the acquisition and leasing charge that positioned the company within three years in one million acres across multiple Rocky Mountain Basins. The initial acquisition for the Rocky Mountain division was in the Uinta Basin that served as a cornerstone of growth for the company. Realized reserves were more than 3X of the original acquisition estimate. The new Rocky Mountain division became a major driver behind Berry’s growth and the Company ultimately relocated their corporate headquarters to Denver. Mr. Magruder served as a Managing Director within Macquarie Tristone’sA&D Advisory group with responsibilities that included sourcing and executing transactions. The team executed an average of 12 deals per year ranging in value from $50 million to over $700 million. Magruder’s team prepared and made routine pitches to potential clients. Pitches included MD&A market overviews, regional comps, marketing process, and market value estimates based on commodity mix and reserve breakdown. Magruder’s team performed technical and commercial due diligence on newly signed mandates to insure an accurate representation of assets. Detailed marketing material, offering memorandums and elaborate data room exhibits were prepared incorporating engineering, geologic and commercial analysis. The execution team consisted of approximately 20 professionals that included transaction VPs, engineers, geologists, technicians and financial analysts. Magruder obtained FINRA certification by passing Investment Banking Exams 79 and 63. From 1980 to 2003, Mr. Magruder served in various engineering and operating roles with Calpine, Barrett Resources, Torch Energy Advisors and CNG Producing Company. He is credited with leading large-scale tight sands plays requiring multistage fracing and developing coal bed methane programs throughout five different Basins. These plays are considered predecessors to the popular “resource plays” targeted today. Mr. Magruder advanced the original 63 coalbed methane wells drilled in the massive Powder River CBM play. He was ultimately responsible for developing over 3,000 Powder River CBM wells and de-risking over one million acres. Mr. Magruder earned his Petroleum Engineering degree from Louisiana State University in 1980. Mr. Magruder served three terms as President of IPAMS (Independent Petroleum Association of Mountain States) which is a 13-state regional trade association located in Denver. Earlier in his career, he served as President of the SPE (Society of Petroleum Engineers) Delta Section while working in New Orleans.
Mike Strain
email: mvstrain@fptres.com
Mr. Strain has over 30 years of leadership and investment experience in the oil and gas industry. He currently provides fractional CFO services to Ambient Reservoir Monitoring Inc. and Seismic Equipment Specialists. Mr. Strain is also a member of the Brahman Resource Partners Advisory Board. Previous he was the CFO of Crew Support Services based in Midland, TX and Geophysical Technology, Inc. (GTI) based in Houston, Texas. Before joining GTI, Mike spent the last six years as an Operating Partner with Wayzata Investment Partners where he managed a portfolio of investments in both E&P companies and oilfield services. His responsibilities included analysis of public securities, generating and evaluating investment opportunities, negotiating and closing deals, and management of portfolio investments. His portfolio company management duties often included roles at the board level and as interim executive. The investment portfolio included debt and equity investments in both public and private companies. Prior to Wayzata, he was a Director for the Energy portfolio of Cargill Value Investment since 2000. At Cargill, he was responsible for investments in special opportunities, primarily focused on energy related transactions. While at Cargill he focused on evaluating opportunities, management of portfolio investments, generating deals, and leading negotiations to close transactions. Prior to joining Cargill, he was a securities analyst with Strain Consultants, Inc. where he published research reports and provided investment banking services to small cap oil and gas companies. He was also an Investment Advisor and General Partner to Strain Energy Partners, LLP, and an equities investment partnership. After graduating from college, Mike went to work in the oil field services industry. He worked internationally for Western Geophysical in the seismic acquisition industry. Mike’s oil service experience also includes work as a Field Engineer for Schlumberger in the Gulf Coast region of the US. He worked for the Anadrill division of Schlumberger providing MWD, mud logging and directional drilling services to oil and gas companies. Mike received his B.S. from the Colorado School of Mines in Geologic Engineering emphasizing petroleum geology with a minor in Geophysics and an M.S. in Finance from the University of Houston – Clear Lake.