With extensive buy-side and sell-side experience across nearly every producing basin in the US, our team is positioned to leverage their high-quality networks to source opportunities not widely publicized.
Applying our experience enables rapid evaluation of oil & gas assets to ensure accurate valuation of both the current and future production to provide an attractive entry point for our investors.
Red Stag Resources is more than just a non-operated capital partner; we also bring conventionally-biased project generation, ranking and selection skills honed over the course of our careers.
With a variety of recomplete, workover, and drilling experience, our team can add technical reinforcement to any operated asset, making Red Stag Resources a true partner of choice.
A producing oil and gas asset is a cash flowing asset. Purchasing a non-operated interest entitles the investor to a share of the net cash flow from the asset. This translates to a higher cash-on-cash return on the investment without the deployment of additional capital, unlike the structure of a “drilling fund.”
Recent market data demonstrate that projects are not being ascribed value during transactions. For the investor, this represents an opportunity to invest modest capital for incremental returns, improving the cash flow profile of the asset without paying for the project during asset purchase.
The operator of a producing oil and gas asset monitors and produces wells and equipment, employing a staff of specialists to accomplish these tasks. The owners of a non-operated interest benefit from the operator’s activity without the staff.
Current market sentiment has pushed valuation of minerals, royalties and operated assets to levels that make attractive returns challenging for investors. Non-operated assets currently trade at multiples we find highly attractive, which underpins the investment strategy of Red Stag Resources.
Alongside a management team with extensive buy-side and sell-side experience, the investor benefits from nearly 40 years of oil and gas knowledge across nearly every producing basin in the US. Our team has the skill and the motivation to evaluate assets accurately and rapidly.
Adding ownership of producing oil & gas properties to an investor’s portfolio adds diversification not offered by energy equities. Additionally, oil and gas assets are considered “hard” assets, which traditionally have weathered high inflationary periods better than other asset classes.
Matt Dangel is a Registered Professional Engineer who began his energy career with Chevron and spent 6 years redeveloping California oil and Texas gas assets. He then joined Hilcorp Energy Company, the largest privately held producer in the United States. He held a variety of roles over 12 years, including asset development on the Gulf Coast, re-developing and re-invigorating brownfield assets via workovers and drilling campaigns. He also led partner search and exploration efforts in Alaska and on the Gulf Coast, and also held a role in A&D. Matt then joined a private family-owned operator as the VP of Reservoir Engineering and helped the company establish itself as a Gulf Coast player.
Matt holds a Masters of Engineering in Petroleum Engineering, a Bachelor of Science in Chemical Engineering, and a Bachelor of Science in Electrical Engineering, all awarded by Texas A&M University. He is also a member of the Society of Petroleum Engineers and the Society of Petroleum Evaluation Engineers.
Richard Ball is a Certified Petroleum Geologist who worked conventional and unconventional reservoirs with Chevron for 10 years, including onshore US, Gulf of Mexico Shelf/Deep Water, and West Africa Shelf. He joined Detring Energy Advisors in 2016 when the company was in start-up mode. Over the next 6 years, he helped to grow the company into the premier mid-cap A&D advisory firm, with over $4.2Bln in transactions and a successful sister company (PetroDivest Advisors). Over that time period, the Geology team worked up technical materials for deals in every major shale basin in the L48, and select projects in the offshore Gulf of Mexico, and Alaska. He then joined a family office actively focused in petroleum and mining as Vice President, working exploration and A&D along the Gulf Coast.
Mr. Ball has served as Treasurer and Secretary on the AAPG Executive Committee and as a Counselor for the AAPG Division of Professional Affairs. Richard is a graduate of Stephen F. Austin State University and the University of Louisiana at Lafayette, where he earned his B.S. (2005) and M.S. (2007), respectively.
