Detring Energy Advisors Company Profile
Background
Overview
Detring Energy Advisors is a Houston-based boutique advisory firm specializing in upstream oil and gas acquisitions and divestitures (A&D). Established in September 2014, the firm focuses on mid-cap transactions, typically ranging from $30 million to over $250 million. In August 2018, Detring expanded its services by founding PetroDivest Advisors, a subsidiary dedicated to the lower middle market, handling assets valued between $10 million and $30 million.
Mission and Vision
Detring Energy Advisors aims to provide market-leading research, cutting-edge analytics, and clearly documented processes to assist clients in evaluating strategic opportunities and making informed decisions. The firm's mission is to maximize value for clients through robust technical analysis, a proprietary buyer network, and in-depth knowledge of the energy market.
Primary Area of Focus
The firm's primary focus is on upstream oil and gas A&D advisory services, including asset valuations, financial modeling, and strategic advisory. Detring represents engagements throughout the United States, handling working interests and mineral/royalty opportunities in the middle-market upstream oil and gas sector.
Industry Significance
Since its inception, Detring Energy Advisors has completed over 175 transactions totaling approximately $6.5 billion in upstream oil and gas deals. The firm's expertise and market knowledge have established it as a significant player in the A&D advisory space.
Key Strategic Focus
Core Objectives
Detring Energy Advisors aims to maximize value for clients by providing comprehensive A&D advisory services, leveraging technical expertise, a proprietary buyer network, and in-depth market knowledge. The firm focuses on delivering high-quality, efficient, and effective advisory services tailored to each client's specific needs.
Specific Areas of Specialization
The firm's specialization includes:
- Asset Valuations: Providing accurate and comprehensive valuations of oil and gas assets.
- Financial Modeling: Developing detailed financial models to support strategic decision-making.
- Strategic Advisory: Offering guidance on market trends, strategic positioning, and transaction structuring.
- Acquisitions and Divestitures Advisory: Assisting clients in buying and selling assets, including marketing, negotiations, and transaction execution.
Key Technologies Utilized
Detring Energy Advisors employs advanced analytics and proprietary methodologies to assess asset values, market conditions, and potential transaction outcomes. The firm utilizes cutting-edge research tools and data analytics platforms to support its advisory services.
Primary Markets or Conditions Targeted
The firm primarily targets the mid-cap upstream oil and gas market, focusing on assets valued between $30 million and over $250 million. Through its subsidiary, PetroDivest Advisors, Detring also serves the lower middle market, handling assets valued between $10 million and $30 million.
Financials and Funding
Funding History
As a privately held firm, Detring Energy Advisors has not publicly disclosed specific funding details or financial backing. The firm's operations are funded through its advisory services and transaction fees.
Total Funds Raised
Specific details regarding total funds raised are not publicly available.
Notable Investors
Information about individual investors or financial backers is not publicly disclosed.
Intended Utilization of Capital
The firm utilizes its capital to support its advisory operations, including market research, technology investments, and expanding its proprietary buyer network.
Pipeline Development
Key Pipeline Candidates
Detring Energy Advisors has been engaged in various notable transactions, including:
- Reliance Energy, Inc.: Marketing for sale its operated properties in the Northern Midland Basin, West Texas, encompassing approximately 21,000 contiguous net acres and generating $21 million in net cash flow.
- Peregrine Petroleum: Marketing for sale its operated oil and gas assets located on the Eastern Shelf of the Midland Basin, spanning approximately 64,000 net acres and producing about 3,300 barrels of oil equivalent per day.
- Casillas Petroleum: Marketing for sale its operated and non-operated leasehold and producing properties located throughout Kansas and Oklahoma, including 521 producing wells with a well-established production base of 8.7 million cubic feet equivalent per day.
Stages of Clinical Trials or Product Development
As an advisory firm, Detring Energy Advisors does not engage in clinical trials or product development. Its focus is on facilitating transactions and providing strategic advisory services in the upstream oil and gas sector.
Target Conditions
The firm's advisory services target upstream oil and gas assets, including working interests, mineral/royalty interests, and producing properties.
Relevant Timelines for Anticipated Milestones
Specific timelines for each transaction vary based on client objectives and market conditions. Detring's divestiture processes typically require 4–5 months from initiation to closing, though this timeline can be adjusted as necessary.
Technological Platform and Innovation
Proprietary Technologies
Detring Energy Advisors utilizes proprietary methodologies and a comprehensive buyer network to enhance its advisory services. The firm employs advanced analytics and data-driven approaches to assess asset values and market conditions.
Significant Scientific Methods
The firm employs advanced analytics and data-driven approaches to assess asset values and market conditions. Specific scientific methods or algorithms are proprietary and not publicly disclosed.
Leadership Team
Derek Detring – President
Derek Detring is the founder and president of Detring Energy Advisors. With a career dedicated to energy advisory services, he has completed over $10 billion in capital raising and M&A transactions. Prior to founding Detring in 2014, Derek co-founded Integral Advisors in 2009 and worked at Merrill Lynch and Wells Fargo. He graduated summa cum laude from Vanderbilt University and attended the Wharton Executive Education Program.
Melinda Faust – Managing Director
Melinda Faust serves as Managing Director at Detring Energy Advisors. Her professional background and contributions are not publicly detailed.
Jerry Edrington – Managing Director, PetroDivest
Jerry Edrington is the Managing Director of PetroDivest Advisors, Detring's lower middle market subsidiary. His professional background and contributions are not publicly detailed.
Jonathan Bristal – Director
Jonathan Bristal holds the position of Director at Detring Energy Advisors. His professional background and contributions are not publicly detailed.
Bryan Bottoms – Director, Geology
Bryan Bottoms serves as Director of Geology at Detring Energy Advisors. His professional background and contributions are not publicly detailed.
Kyle Salsbury – Vice President
Kyle Salsbury is Vice President at Detring Energy Advisors. His professional background and contributions are not publicly detailed.
Arienne Willbern – Vice President
Arienne Willbern holds the position of Vice President at Detring Energy Advisors. Her professional background and contributions are not publicly detailed.
Salman Khan – Associate
Salman Khan serves as an Associate at Detring Energy Advisors. His professional background and contributions are not publicly detailed.
Johnny Ray Hinojosa – Associate, Geology
Johnny Ray Hinojosa is an Associate in Geology at Detring Energy Advisors. His professional background and contributions are not publicly detailed.
Samuel Shauf – Analyst
Samuel Shauf holds the position of Analyst at Detring Energy Advisors. His professional background and contributions are not publicly detailed.
Benjamin Hrovat – Analyst
Benjamin Hrovat serves as an Analyst at Detring Energy Advisors. His professional background and contributions are not publicly detailed.
Emil Schaffner – Analyst
Emil Schaffner is an Analyst at Detring Energy Advisors. His professional background and contributions are not publicly detailed.
Riley Dickson – Geo Analyst
Riley Dickson holds the position of Geo Analyst at Detring Energy Advisors. His professional background and contributions are not publicly detailed.
