David Carter, managing director at RedOaks Energy Advisors, is today’s featured Forty Under 40 honoree.
Through the span of his career, Carter has heard whisperings about the oil and gas industry dying out or becoming replaceable, but he doesn’t believe that’s possible
With an optimistic mindset, he looks forward to continuing to watch his team grow and thrive for years to come. Originally from Lawton, Okla., the Dallas-based businessman loves to see his company and coworkers succeed.
“I want to continue to grow RedOaks Energy Advisors,” he said. “We are just getting started, and I think there is a lot of running room left for us to grow. I see us adding additional people and hopefully growing our business through the successful completion of more transactions.”
An affiliate of TenOaks Energy Advisors, RedOaks focuses on providing results-oriented divestiture advisory services to a historically underserved space. Carter helped launch the firm in 2018 with the three founding TenOaks partners—BJ Brandenberger, Jason Webb and Lindsay Sherrer.
“They wanted to form a new entity that would focus on what we call ‘lower middle market] transactions in the E&P space. ... Three years in, we have done a good job of establishing the company, and we look forward to continuing to challenge ourselves and serve our clients to the best of our ability,” he said.
Prior to joining RedOaks, Carter served as senior vice president of energy finance at LegacyTexas Bank (LTB) where he focused on facilitating debt financing for both E&P and midstream oil and gas companies. His clients at LTB included publicly traded and privately held organizations that covered multiple U.S. oil and gas basins.
2022-06-29 - Anschutz Exploration CEO Joe DeDominic shared the private producer’s strategy how to succeed in the Powder River Basin at Hart Energy’s DUG Bakken and Rockies conference.
2022-04-27 - Hess reports D&C costs in the Bakken have increased about 7% from last year. “Like our competitors, were also seeing upward cost pressure across both onshore and offshore businesses,” CEO John Hess told analysts in a webcast.
2022-06-09 - Hess CEO John Hess, who said the U.S.-based oil producer is “not interested in M&A right now,” shares the key to sustainable production growth from the Bakken shale play to the Guyana-Suriname hotspot.
2022-05-11 - Occidental Petroleum will resume its share repurchase program this quarter after reaching its $20 billion net debt target, CFO Robert Peterson also said during the call.
2022-04-28 - In the wake of the sanctions imposed on oil and natural gas imported from Russia, Continental Resources has raised its annual production expectations.