Dan Vogel, managing director at Apollo Global Management LLC, is today’s featured Forty Under 40 honoree.
Aa managing director for New York private-equity firm Apollo Global Management at 36, Vogel lacks the years of a typical industry leader. But he has made many senior moves.
Vogel recently led the $600 million loan for Birch Permian LLC to support the development of its Howard County, Texas, acreage. He worked with the company and his partners to structure a flexible solution that allowed value maximization from accelerated development of its core, largely undeveloped Permian Basin asset base.
In any given deal, consistent with Apollo’s overall approach to investing, Vogel embraces contrarianism. As he clarifies, “We are contrarians at Apollo and will likely become even more active as other market participants continue to pull back.”
Already preparing for another challenging industry backdrop, Vogel notes, “In the current environment, we again see an exciting opportunity where others are pulling back.”
Forum Energy Technologies Inc. said June 30 that, as part of its continuing cost reduction plan, the corporate executive team will be reduced and reorganized.
Engineering and construction firm KBR Inc. will exit most of its LNG construction and other energy projects, it told investors and employees, as customers pull back on energy investments.
Charif Souki said he remains “100% committed to Tellurian’s success” and is re-engaging to provide additional support as the Houston-based LNG company’s executive chairman.