Energy industry veteran Steve Hendrickson will join Ralph E. Davis Associates (RED), an affiliate of Opportune LLP, as president, the Houston-based firm said Feb. 5.

Steve Hendrickson, president of Ralph E. Davis Associates (Source: Business Wire)
Steve Hendrickson, president of
Ralph E. Davis Associates
(Source: Business Wire)

Hendrickson has more than 30 years of professional leadership experience in the energy industry and has led billions of dollars of technical evaluations and oil and gas transactions, according to the firm’s press release.

He most recently served as principal of Hendrickson Engineering LLC, where he led and provided technical field studies, asset appraisals, reserves reporting and advisory related to acquisitions and divestitures. He also currently serves as a director of the Society of Petroleum Evaluation Engineers.

“We are delighted to have Steve join the RED team,” Carl Wimberley, Opportune’s partner in charge of upstream services, said in a statement. “Steve’s deep professional expertise in reservoir and reserves engineering, technical evaluations and transactional advisory will add tremendous value for our clients in his new leadership role with us.”

Established in 1924, RED is an independent petroleum engineering firm that performs petroleum engineering and domestic and international geological studies, independently certifies reserve reports, provides acquisition/divestiture support, and prepares technical financial analyses for use in litigation and regulatory hearings. Opportune acquired RED in 2015.

“RED is widely recognized as an industry leader for providing independent petroleum reservoir engineering services to the energy space,” Hendrickson said in a statement. “I’m looking forward to working with the RED team and the Opportune organization to ensure RED upholds this tradition and continues to add value to clients.”