Ian Levine, vice president of strategy and CFO of Moda Midstream, is today’s featured Forty Under 40 honoree.
Prior to Moda Midstream, Levine was with Deutsche Bank and, although starting his career in capital markets advisory, he said felt a strong connection to the oil and gas industry.
Insistent on learning more about the industry at the source, Levine moved from New York to Texas to do just that. He ended up meeting the co-founders of Moda Midstream while working as a member of Deutsche Bank’s energy investment banking group in Houston, which eventually led him to join Moda in 2015.
“I witnessed the impact of unconventional drilling and its capacity to revolutionize the North American energy landscape and found myself particularly drawn to the oil and gas coverage universe,” Levine said. “I had an insatiable curiosity to learn everything I could about the industry.”
“I was working at Deutsche Bank out of their New York City office but knew that if I wanted to learn more I needed to be in Texas,” he added.
Moda Midstream recently completed a $3 billion sale to Enbridge Inc., which included Moda’s holdings in the Ingleside Energy Center near Corpus Christi, Texas, on the U.S. Gulf Coast.
Levine had been part of the transaction team in 2018 that originally acquired the Ingleside Terminal and related assets from Occidental Petroleum and described the strategy and due diligence around the Ingleside acquisition as his most challenging project to date.
“The acquisition itself required a tremendous amount of strategic thought and coordinated diligence. ... Fortunately, I had exposure to a subset of my new responsibilities earlier in my career, albeit from the other side of the table,” he said. “Being able to leverage my prior experience was critical to managing my expanded role at Moda.”
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