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.