Meet the Speakers
Ray is an advisory Partner and National Leader of Deloitte’s Oil & Gas M&A Transaction Advisory Services practice. Ray has extensive experience providing buy-side and sell-side M&A transaction assistance to private equity and strategic buyers for domestic and international transactions in the energy industry. He has led financial due diligence engagements on hundreds of proposed and completed acquisitions, including leveraged buyout, public-to-private, carve out, distressed debt and bankruptcy transactions.
Ray has substantial mergers and acquisitions experience with energy targets including exploration and production, natural gas gathering, refining, interstate and intrastate pipelines, oil field services, commodity trading, alternative / renewable energy, coal mining, and precious and non-precious minerals mining, power and utilities, storage and distribution.
Areas of expertise include financial pre-acquisition due diligence analysis, deal structuring, financial modeling, contract and financing issues, deal negotiation support, and post-transaction integration matters. Extensive experience providing in-depth analysis of quality of earnings, normalization of EBITDA, timing and risks related to cash flows, quality of assets, working capital adjustments, assistance with drafting purchase price adjustment provisions and financial reporting issues in connection with SEC and debt offerings.
Ray received a BBA in accountancy from the University of Notre Dame and an MBA from the Kellogg School of Management at Northwestern University.
Randy Bayless is a Managing Director at Credit Suisse in the Global Energy Group within the Investment Banking division, based in Houston. He has responsibility for clients in the exploration and production and oil service sectors.
Mr. Bayless has been a member of the Global Energy group at Credit Suisse since 1999. He has significant experience across M&A, initial public offerings, equity and convertible offerings, high yield and leverage finance transactions and commodities.
Mr. Bayless holds a B.B.A. in Finance from the University of Texas at Austin and an M.B.A. from the University of Texas at Austin.
Brian is an accounting and deal management partner in Deloitte Advisory’s Mergers, Acquisitions, and Divestitures practice. Brian has over 24 years experience at Deloitte & Touche LLP, including a vast range of services such as M&A transaction advisory services, audit, accounting consultation, Carve-out, IPO and other special projects. Brian is our National Advisory M&A Energy & Resources Industry Leader and serves national and international clients on a wide array of transactions.
Brian focuses his efforts primarily in the energy and resources industry, along with related industrial products businesses, serving financial (private equity and infrastructure investors) and large strategic buyer clients. He has experience with targets ranging from utilities, power, energy trading and marketing, refining, storage, pipelines, oil & gas exploration, oilfield energy services, alternative energy, cleantech, shipping, engineering and construction, waste management, and other manufacturing and service companies. Brian has assisted clients on transactions ranging from tens of millions of dollars to a potential $25bb private equity buyout of a publicly traded company and numerous strategic buyer acquisitions in excess of $10bb.
Brian’s experience includes more than 12 years assisting clients in all aspects of mergers, acquisitions and divestitures and more than 10 years of providing attest services to a large mix of clients across the energy industry, including two Fortune 500 power and utility companies.
Brian is currently a licensed CPA in New York and New Jersey. He is a member of the AICPA and the NJ Society of CPA’s.
Brian graduated Cum Laude from Rider University in 1993 and earned his MBA with Beta Gamma Sigma distinction in 2003 from Columbia University.
Mark Druskoff is based in Houston, and has been reporting on M&A for Mergermarket for almost six years. He specializes in oil and gas primarily covering midstream and master limited partnerships (MLPs), private equity, and exploration and production. Mark has been quoted in media on oil and gas topics, and is a frequent contributor to Forbes.com. Previously, Mark worked at Vinson & Elkins as the law firm’s in-house writer, and as managing editor of MinnesotaBusiness, a monthly business magazine.
Tim Duncan is the President and CEO and a founder of Talos Energy LLC, a private company formed in March 2012 and initially funded with up to $600 million of private equity commitments from Apollo Global Management, LLC and Riverstone Holdings LLC. Headquartered in Houston, Texas, Talos is engaged in the acquisition, exploration, development and production of oil and natural gas properties with a focus on operations in the Gulf of Mexico, including the shallow waters of offshore Mexico. Talos is the third company built with private equity capital with his partners over the last seventeen years. Since inception in 2012, Talos has grown from 5 original employees to over 200 employees with over 100 MMBOE of Proved reserves and 30 MBOEPD of net production. In November of 2017, Talos announced its merger with Stone Energy, providing increased scale and allowing Talos to become a public company post-closing in early 2Q 2018. In 2013, Talos was named by the Houston Chronicle as the #1 Top Workplace in the Houston area for companies under 150 employees and has maintained a position on the list of Top Workplaces for the last five years. In June 2016, Mr. Duncan was named as the EY Entrepreneur of the Year for the Energy & Energy Services sector in the Gulf Coast area.
Mr. Duncan has a BS in Petroleum Engineering from Mississippi State University, where he was honored in 2012 as a Distinguished Fellow of the College of Engineering. Mr. Duncan also earned an MBA from the Bauer Executive Program at the University of Houston. He is an active member of the SPE, IPAA, NOIA, and YPO. Mr. Duncan also serves on various academically focused boards including the College of Engineering Dean’s Advisory Council and the Foundation Board at Mississippi State University.
Scott Gardner is a Senior Vice President in the Private Infrastructure Americas group at Partners Group, a private markets investment management firm with USD 74bn assets under management. He has 25 years of experience in investing, project finance, development, and operations in the energy and infrastructure sectors. He recently led Partners Group’s investment in Superior Pipeline Company, a leading natural gas gathering and processing business.
Prior to joining Partners Group, Mr. Gardner focused on LNG infrastructure projects as Senior VP – Business Development for Oaktree Highstar’s portfolio company WesPac Midstream, and before WesPac was a Managing Director with US Renewables Group, a private equity firm. Prior to USRG, he held various roles in M&A, project development, and business restructuring over 12 years with global electricity company AES Corporation.
Mr. Gardner holds an MBA in Finance from the Kellogg School of Management at Northwestern University and an AB with honors in engineering and environmental studies from Dartmouth College.
Mr. Gieselman joined NGP in 2007 and serves as Partner of the NGP funds. He applies his over 30 years of capital markets and transactional experience in the energy sector to NGP’s efforts in sourcing, structuring and executing investments, monitoring existing investments and capital markets transactions.
Prior to joining NGP, Mr. Gieselman had a successful 20-year career with Goldman, Sachs & Co., where he became a Partner in 2002. During his tenure, Mr. Gieselman served in a number of senior management positions in the firm’s Natural Resources Investment Banking division where he ran the West Coast and Southwest energy efforts.
Mr. Gieselman received a B.S. in 1985 and an M.B.A. in 1988 from Boston College.
Vince Hahn is a Managing Director focused on structured credit, structured equity, and other mezzanine level investment opportunities across the energy value chain, including oil & gas upstream, midstream, and downstream, as well as power generation, electric transmission, and mining. His geographic focus is primarily the Americas, and he is based in Boston.
Prior to joining Carlyle, Mr. Hahn was a Senior Vice President at SAIC (formerly R.W. Beck, Inc.), where he managed the Business Strategy and Transactions Division, focusing on due diligence, economic forecasting and owner advisory for project lenders, equity funds, hedge funds and sponsors, as well as utility consulting assignments.
Mr. Hahn received his MS from the University of Michigan, Ann Arbor and his BS from the Carnegie Mellon University.
Shaia Hosseinzadeh is the Managing Partner of OnyxPoint Global Management. Mr. Hosseinzadeh has been active in energy private equity, corporate finance and restructurings for nearly two decades.
He oversees all key aspects of the Firm’s investment activities. Prior to forming OnyxPoint in 2017, Mr. Hosseinzadeh was a Managing Director and the Head of Energy and Natural Resources at WL Ross & Co.
He was also a member of WL Ross’ Energy Investment Committee.
At WL Ross & Co., Mr. Hosseinzadeh led over 25 investments in the energy and natural resources sectors and had overall fundraising and portfolio management responsibilities for the firm’s energy investments. In the six years prior to joining WL Ross & Co., Mr. Hosseinzadeh was employed by Apollo Global Management in New York. Prior to that, Mr. Hosseinzadeh worked in the Investment Banking Group at Credit Suisse First Boston.
In addition to his board positions with Firm’s portfolio companies, Mr. Hosseinzadeh is also a member of the Energy Security Task Force at the Brookings Institute and he also serves as a sustaining board member of Youth Inc., a non‐for‐profit venture philanthropy organization focused on education.
Mr. Hosseinzadeh received his MSc in Economics and Philosophy and his BSc in Economics from the London School Economics & Political Science.
Morriss Hurt is a Managing Director of EnCap Flatrock Midstream. Prior to joining EnCap Flatrock Midstream in 2008, Mr. Hurt was President and Founder of The Encino Group, a boutique investment bank providing institutional quality financial advisory services for entrepreneur-owned companies. In this capacity, Mr. Hurt raised growth capital for high-quality management teams and provided mergers and acquisitions, financial and strategic advisory services. Prior to Encino, Mr. Hurt was a financial analyst with Salomon Smith Barney in New York, working in the firm’s Global Power group. Mr. Hurt earned a B.B.A in Finance from Texas A&M University. He is a member of Young Professionals in Energy and serves on the board of directors of several EFM portfolio companies, including Evolution Midstream, Gravity Midstream, Lucid Energy I & II and Rangeland Energy II & III.
Mr. Jankovsky is a Principal at Mountain Capital and is responsible for deal origination, transaction due diligence and execution, and ongoing portfolio management.
Prior to joining Mountain Capital, Mr. Jankovsky was with the Blackstone Group as an Associate in Blackstone Energy Partners, the energy dedicated fund of Blackstone. While at Blackstone, Mr. Jankovsky primarily focused on the evaluation, diligence and execution of transactions focused in the upstream sector.
Before joining Blackstone, Mr. Jankovsky was an Associate in the energy investment banking group of Evercore Partners. Prior to that, Mr. Jankovsky was an Investment Banking Analyst at Scotia Waterous, the oil and gas arm of Scotiabank.
Mr. Jankovsky received a B.A. in Economics and Political Science from Rice University.
Adam Larson is a partner in the Houston office of Kirkland & Ellis LLP. Adam’s primary practice areas include mergers and acquisitions, private equity, and capital markets. He has counseled private equity investors, their portfolio companies, and other public and private companies in connection with mergers, acquisitions, dispositions, joint ventures and offerings of equity and debt securities.
Adam also advises clients in connection with the negotiation of partnership and LLC agreements, securities laws compliance, and corporate governance. Adam has advised clients across a broad range of industries, including energy, consumer products, and financial services.
Noam Lockshin is a Managing Director and Partner at Kimmeridge Energy, responsible for management of the firm’s direct investments. Noam joined Kimmeridge at its founding in 2012. He worked closely on Kimmeridge’s Permian working interest investments which culminated in a $1.5 billion sale to PDC Energy in 2016. Currently, his focus is on Kimmeridge’s mineral investments in the Permian Basin and on its public E&P strategy.
Mr. Lockshin previously worked as Senior Research Associate at Sanford C. Bernstein, along with Ben Dell, on the #1-ranked E&P research team. Mr. Lockshin holds a BA in Mathematics from York University.
Zac Marsalis joined Evercore’s Investment Banking business in its Energy Group in July 2015 and is based in Evercore’s Houston office where he focuses exclusively on oilfield services and equipment companies.
Mr. Marsalis was most recently a Vice President at PPHB (formerly known as Parks Paton Hoepfl & Brown) and has more than a decade of experience focused solely on the Oilfield Services sector. He has worked with a broad range of leading companies in the space, both public and private, and has advised on numerous M&A and capital market transactions. Select experience includes advising FMC Technologies on its cross-border merger of equals with Technip S.A. ($13 billion), Dril-quip on its acquisition of TIW Corp, C&J Energy Services on its acquisition of O-Tex Holdings, Halliburton on the divestiture of its surface safety valve division to National Oilwell Varco, Schlumberger on the divestiture of its US rental tool division, NCS Energy Services on its sale to Advent International, Compressor Systems, Inc. on its sale to Compressco Partners, Hasco Manufacturing on its sale to Weatherford International, both Drilling Systems International and, separately, Resource Well Completion Technologies on their sale to Schoeller-Bleckmann Oilfield Equipment, Kel-Tech, Inc. on its sale to Arsenal Capital Partners, Oil Patch Group on its sale to SCF Partners, UPCO, Inc. on its sale to Dover Corporation, Old School Services on its sale to Halliburton, Triton Diving on its sale to Grey Mountain Partners, Foxxe Energy Services on its sale to Ensign Energy Services and National Coupling on its sale to Hunting Plc.
Prior to PPHB, Mr. Marsalis served as an Officer in the U.S. Army for more than eight years as part of the Texas National Guard and includes a yearlong tour of duty in Iraq. Mr. Marsalis has an M.B.A. from Rice University and B.S. in Finance from Texas A&M University.
Miguel Mateo works with clients from the early stages of projects through to implementation and completion. He views his legal advice as a business tool to mitigate risk. He focuses in corporate, commercial, M&A, transactional, and regulatory matters. He serves clients primarily in the energy and infrastructure sectors, both in Mexico and in Latin America.
Miguel serves clients on a broad range of oil and gas, power (renewable and conventional), and water infrastructure projects.
Miguel obtained his law degree from Universidad de las Americas, A.C., Mexico City in 2004, his LLM in Energy Law and Policy from the University of Dundee, UK in 2012, and his postgraduate in Energy Law by the Escuela Libre de Derecho, Mexico City in 2012.
He was ranked in the 2015 and 2016 guide of Chambers & Partners (energy and projects) and in Legal 500.
James Obulaney is a Director at Denham Capital, responsible for origination, analysis, structuring, execution and monitoring of its O&G investments.
Prior to joining Denham, James was an Associate in the Energy Private Equity Group at Avista Capital Partners and an Analyst in the Global Energy Group at Morgan Stanley.
He currently serves on the Board of Directors of Atlantic Resources, Clear Creek, Covey Park, Tall City II, Ursa Resources II and multiple mineral platforms. James earned a Bachelor of Science in Engineering from Texas A&M University.
Oliver Phillips joined the Lime Rock Partners team in 2011 and became a Vice President in 2016. Now based in Houston, he has had diverse experience working for Lime Rock in multiple domestic and international locations. Prior to joining Lime Rock, Oliver was an analyst at Lazard Freres where he worked on M&A and restructuring transactions. He is a graduate of Rice University (B.A.).
Since joining the Lime Rock Partners team, Oliver has played a key role in investigating and executing oilfield service and E&P investment opportunities in North America and internationally. He currently serves on the board of directors of Reveal Energy Services and TGT Oilfield Services and has been particularly involved in Lime Rock Partners' investments in Expert Petroleum, Gas2, OiLSERV, Gas, TEC Well Service, Tercel Oilfield Products, and Xtreme Drilling.
Iann is part of the investment team at Pelican Energy Partners. Pelican makes buyout and growth investments in the oilfield service and manufacturing sector. He has nearly 15 years of experience in the energy industry in both upstream and services.
Prior to joining Pelican, Iann worked at Rockwater Energy Solutions, where he worked in operations. At Rockwater he focused on increasing the profitability of various districts and on helping management evaluate new business opportunities. Before attending business school, Iann worked at ConocoPhillips as a landman for the company’s South Texas and exploration teams.
Iann serves on the Board of Directors of Johnson Specialty Tools, Pro Oil & Gas Services, Performance Wellhead & Frac Components, Rapid Rod Services, and M&M Pipeline.
Iann received an MBA from Harvard Business School and a BBA in Energy Management from The University of Oklahoma.
Mark Saxe, Managing Director, is a member of the Global Energy & Power Infrastructure team at BlackRock, which currently manages about $3.7 billion for investment in the power, midstream, utility and other areas in the energy sector across two 15-year funds. The team has created over 20 portfolio companies for the Funds and is actively investing globally. BlackRock acquired the Funds in 2017, which were created and built at First Reserve, a private equity firm that has been investing in exclusively in the energy sector since 1983.
Mr. Saxe's responsibilities include investment origination, execution and exit strategy focused primarily on the midstream sector. Mr. Saxe was with First Reserve from 2011 through 2017. Prior to his time at First Reserve, he worked at Loews Corporation where he was part of a team responsible for monitoring the Company's investments in upstream and midstream. Mr. Saxe holds a Bachelors of Commerce from McGill University.
Jason is a Partner in the Houston office of Deloitte Tax, LLP with over 23 years of experience in public accounting as a tax and M&A advisor, and he is a Regional Marketplace Leader for the M&A Transaction Services practice covering south central U.S. Prior to joining Deloitte , Jason spent several years with a former Big 5 accounting firm and was a member of their M&A advisory practice. Additionally, as a leader in Deloitte’s Energy M&A practice , he has advised clients, both public and private, in numerous energy industry M&A transactions, including several cross-border multinational acquisitions in the energy sector. In addition, Jason has worked with a number of private equity investors advising on transactions and fund level structuring issues.
Recent projects include due diligence and tax structuring for the acquisition of a US oilfield equipment company, the restructuring of an upstream O&G producer, the acquisition of large block of Texas gas producing properties, due diligence of a mid-stream gathering and processing company, and several private investments into public MLPs.
Chad Watt is a veteran business journalist and natural resources editor for Mergermarket in North America. Before joining Mergermarket, Chad worked as a reporter and editor at the Dallas Business Journal and Orlando Business Journal and at daily newspapers in Texas, Florida and North Carolina. He is a Southeast Texas native and graduate of Columbia University and Southern Methodist University. Chad is a father of two boys and has completed three marathons since turning 40. He joined Mergermarket Group in 2010.