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.”
The western half of Oklahoma may get more publicity but there’s great potential on the state’s eastern side as well.
Speakers at Hart Energy’s DUG Haynesville tout the region’s proximity to terminals and low-cost gas as a springboard for companies in the play.
Not only will the ethane cracker be supplied by the Marcellus and Utica shales, but the customers for its polyethylene are within a 700-mile radius.