Brent Kelsall, director of finance and planning at FourPoint Energy LLC, is today’s featured Forty Under 40 honoree.
As one of the initial employees at FourPoint Energy, Kelsall helped set the company’s financial course. He’s part of a team that capitalized FourPoint and LongPoint Minerals over the past five years, despite industry challenges.
He had joined FourPoint after working in the strategic planning and corporate development group for Newmont Mining, the world’s leading gold mining company.
Coming from the gold mining sector, Kelsall was no stranger to volatile commodity prices, but he still struggled when the energy downturn hit in 2015.
“Raising capital from investors in this environment was incredibly challenging,” Kelsall said. Nevertheless, FourPoint persevered, and the company closed a transaction in early 2016 to acquire Western Anadarko Basin assets from Chesapeake Energy Corp.
EagleClaw Midstream said it is the first major gathering and processing company in the Permian Basin to procure 100% of its power for operations from renewable energy sources.
Colgate Energy priced the offering of $500 million new senior unsecured notes due 2029, increased from the originally proposed $400 million, at par.
Much as the current market for oil and gas assets functions today at a relatively lower level than in recent years, the trading of private equity energy investments in the $60 billion secondary market is “logjammed.”