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Bluerock Energy Capital

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Company Research Report


BlueRock Energy Partners



Company Overview


  • Name: BlueRock Energy Partners

  • Mission: Providing growth capital for aspiring oil and gas producers.

  • Founded: Information not available.

  • Founders: Information not available.

  • Key People:

  • Stuart Rexrode: Managing Partner

  • R. Scott Abel: Partner

  • R. Allen Shook: Partner

  • Russ Carlson: Director of Petroleum Engineering

  • Mary Ann Birchfield: Controller

  • Elva Galvan: Office Manager

  • Steve C. Sprengnether: Board of Directors

  • Russell Gordy: Board of Directors

  • John J. “Jay” Lendrum: Board of Directors

  • John Talbott: Board of Directors

  • Rebecca Baldino: Board of Directors

  • Headquarters: 945 Bunker Hill, Suite 325, Houston, TX 77024

  • Number of Employees: Information not available.

  • Revenue: Information not available.

  • Known For: Establishing flexible capital financing structures tailored to the growth of middle-market oil and gas producers.


Products


  • Products Offered:

  • Growth Capital Financing: BlueRock Energy Partners targets investments in the $5MM-$25MM range, with potential to $50MM.


  • High-Level Description:

  • Growth Capital Financing: Financial support designed to help middle-market oil and gas producers with acquisitions, development plans, and recapitalizations.


  • Key Features:

  • Growth Capital Financing:

  • Client retains upside and control of the project.

  • Higher advance rate compared to traditional reserve-based facilities.

  • Lower capital cost than selling down equity in the project.

  • Non-recourse project finance with no personal or corporate guarantees required.

  • No third-party engineering reports required.

  • Commodity “floor” price protection available.


Recent Developments


  • New Products Launched: No information is available.

  • New Features Added: No information is available.

  • New Partnerships:

  • New Ownership Press Release (02-11-2019): BlueRock announced a new investor group.

  • Financial Options Boost Industry Operations (07-11-2019): A report from The American Oil & Gas Reporter, May 2019.

  • Oil & Gas Investor Capital Options (11-01-2017): Various capital options provided for oil and gas investors.


Key People Biographies


Management Team


  • Stuart Rexrode:

  • Leading business strategy, business development, investment analysis, structuring, and capital raising at BlueRock.

  • Previous roles include ten years at Just Energy, nine years at Enron Corp, and two years as an Aerospace Engineer at McDonnell Douglas.


  • R. Scott Abel:

  • Over 30 years of technical experience in the petroleum industry.

  • Extensive knowledge in drilling, production, and reservoir engineering.


  • R. Allen Shook:

  • Over 35 years of experience in oil & gas engineering, financial analysis, transactions, and technology development/transfer.

  • Held positions in engineering and management at various companies including Range Resources and Domain Energy.


  • Russ Carlson:

  • Expertise in reserve analysis, budget creation, and long-term, field-wide development.

  • Previous experience with Devon Energy Corporation and QEP Resources.


  • Mary Ann Birchfield:

  • Over 30 years of experience in accounting, SEC reporting, finance, and treasury.

  • Former Vice President and Controller of NGP Capital Resources Company.


  • Elva Galvan:

  • Over 30 years of accounting experience in oil and gas entities.


Board of Directors


  • Steve C. Sprengnether: Chief Investment Officer and Director of Legacy Trust Company with prior experience at Goldman Sachs & Company, Morgan Stanley & Company, and the US Army.

  • Russell Gordy: Managing partner of SG Interests and President of Gordy Oil Company.

  • John J. “Jay” Lendrum: Chairman of Nuevo Midstream Dos, LLC with past roles in multiple energy companies.

  • John Talbott: Chief Investment Officer of Collins Permian and President of HAT Permian.

  • Rebecca Baldino: Vice President at Hartz Capital, Inc. with a background in audit practice at PriceWaterhouseCoopers.


Company Contact Information


  • Address: 945 Bunker Hill, Suite 325, Houston, TX 77024

  • Phone: 281.376.0111

  • Email: Information not available.


Conclusion


BlueRock Energy Partners has a robust team of experienced professionals dedicated to providing specialized growth capital financing to middle-market oil and gas producers. Through innovative non-recourse financial structures, they support their clients while allowing them to retain significant project control and upside potential.