The SECAP Platform

Combines a proprietary financial structuring approach with deep US E&P technical, operational and asset management expertise to capitalize on distressed and opportunistic situations in the US energy sector

Target Selection: BSEG

  • Experienced management team: Experts in reservoir engineering, geology, production management, finance and accounting
  • Distinguished technical skillset: Over 220 years of combined senior management experience across multiple basins in the US and former Soviet Union
  • Target selection based on proven methodical analysis: Objective to identify high-quality producing oil and gas properties, with opportunities to enhance production and/or management
  • Relevant experience: 30 years, originated, facilitated and/or participated in c.$750mm of A&D activity, estimated c.3.3x MOIC on direct investments

Operating Capability: Zavanna

  • Extensive unconventional operating experience: North Dakota, Rockies, Appalachia, West Texas and Gulf Coast
  • Recognized for unparalleled technical expertise: One of the first operators to use slickwater fracking in the horizontally drilled Bakken formation
  • Relevant experience: 22 years, currently operates c.18,000boe/d gross in the Williston Basin with midstream, marketing and fracking affiliates
    • Established acreage positions that formed a large part of Brigham’s and Kodiak’s portfolio (since acquired)
  • Vertically integrated: Full-cycle of operations including upstream, midstream, marketing and services

Deal Origination & Structuring: Crestmoor

  • Strategic consultant to SECAP for energy sector opportunities
  • Unique proposition: Crestmoor has developed unique and proprietary “on balance sheet” structured solutions that allow banks to reposition their problem energy loans and assets, and maximize recovery rates
  • Collaborative approach: Differentiated from typical distressed investors  – doesn’t compete with bank partners or borrowers over asset “value”, alternatively works to maximize outcome for partner stakeholders
  • Highly qualified: Founded in 2010 as a captive strategic advisor to the Pauls Corporation, one of the largest privately owned real estate development firms in the United States
    • Pursued similar investment strategies, developing structures to reposition problem distressed real estate loans and assets for bank partners
    • Founded by Scot Wetzel, former Chairman and CEO of Compass Bank’s Colorado operations (now BBVA Compass)
  • Relevant experience: Over 100 transactions previously completed using similar structures in multiple assets classes, now being successfully deployed in energy