Professional Background
Current Role
John H. Campbell III serves as the Chief Executive Officer (CEO) of Percussion Petroleum III, LLC, an independent oil and gas exploration and production company headquartered in Houston, Texas.
Career Highlights
- Percussion Petroleum III, LLC: As CEO, overseeing company-wide leadership and strategic direction.
- Percussion Petroleum II, LLC: Former Co-CEO, leading operations and strategic initiatives.
- Percussion Petroleum I, LLC: Former CEO, responsible for laying the foundation and growth strategies.
- Rockcliff Energy: Served as Senior Business Development Engineer, handling acquisitions and divestitures, relationship management, and deal sourcing.
- Quantum Resources Management: Worked as a production and completions engineer in various basins including Ark-La-Tex, Mid-Con, and Permian.
- El Paso E&P: Began career here, serving in various engineering roles.
Educational Background
- Bachelor of Science in Petroleum Engineering from The University of Texas at Austin.
Industry Impact and Achievements
Entrepreneurial Ventures
John H. Campbell III, along with co-founders Lupe Carrillo and Brian Zwart, started Percussion Petroleum in 2016 with a focus on leveraging contemporary techniques on conventional rock formations. Their venture has grown significantly, now featuring a direct organizational structure but maintaining a collaborative decision-making approach among founders.
Operational Success
Percussion Petroleum operates primarily in the Permian Basin, targeting the Yeso formation. The advent of new drilling and completion technologies has significantly enhanced well performance, achieving production costs between $3 million to $4 million per well. Midway through their capital program, Percussion Petroleum boasts a production rate of approximately 9,000 barrels of oil equivalent per day (BOEPD).
Strategic Direction
Campbell's strategy hinges on leveraging strong relationships and extensive knowledge in regions such as Ark-La-Tex and Permian. This approach has facilitated their focus on high-value, low-risk inventory, particularly in the Permian Northwest Shelf, which offers stacked pay zones.
Company and Team Structure
Company Profile
- Headquarters: Houston, Texas
- Employee Count: Approximately 15 field employees and 30 office staff.
- Funding: Backed by Carnelian Energy Capital
Leadership Team
- Andrew McCooey: Chief Financial Officer, with a background in finance at Sabinal Energy and J.P. Morgan.
- Jerick Yuen: Chief Accounting Officer, experienced in accounting functions and previously served at Frostwood Energy, LLC.
- Colby Carpenter: Executive Vice President of Subsurface, seasoned in both operations and reservoir engineering with a robust history at Riverbend Energy Group and Pioneer Natural Resources.
- Andrew Pollack: Vice President of Geology, with expertise in subsurface characterization from roles at Citigroup and Venado Oil & Gas.
Professional Philosophy and Personal Insights
Professional Ethos
Campbell emphasizes the importance of hard work and a positive attitude in overcoming professional challenges. He advocates for a hands-on approach where founders actively engage in all strategic decisions, ensuring a unified direction for the company.
Personal Interests
Outside of his professional responsibilities, Campbell is passionate about automobiles and hunting, and places a high priority on family. Residing in The Woodlands, Texas, he enjoys spending quality time with his wife and young children.
Conclusion
John H. Campbell III’s extensive experience in the oil and gas industry, combined with his leadership and entrepreneurial ventures in founding Percussion Petroleum, positions him as a key figure in the industry. Under his guidance, Percussion Petroleum III, LLC continues to innovate and expand its operations, leveraging advanced technologies and strategic acquisitions to maximize productivity and growth.
