Point Energy Partners

Website


Address

640 Taylor Street, Suite 1850
Fort Worth, Texas 76102


Phone

(682) 350-3690


Company Description

Point Energy Partners based in Fort Worth, founded in 2017 by industry leaders with extensive experience working in many major basins across the nation. We focus on acquiring and developing onshore U.S. properties in basins with stacked multiple oil and gas reservoirs. oint Energy Partners CEO, Bryan Moody, and CFO, John Sabia, are U.S. military veterans whose experiences in the military—and in the industry—helped shape their belief that it is critical to have onshore oil and gas production that lowers energy costs for all Americans. As an organization, we value honesty, safety and hard work above all else, which benefits our mineral owners and investors—and the entire nation.


Operations

We are currently focused on the Delaware Basin where we have assembled over 6,000 gross operated acres and will have an active drilling program beginning in the first quarter of 2019. Our saltwater disposal wells in the basin have added capacity for other operators, and we will continue to pursue bolt-on acquisitions in the surrounding area.

Delaware Basin is a hydrocarbon rich sedimentary basin that lies within the Permian Basin. The Delaware Basin covers around 6.4 million acres in far West Texas and South Eastern New Mexico. It is located in an arid southwestern portion of the United States of America

Wolfcamp formation extends across the Delaware Basin, Central Basin Platform, and Midland Basin—the three sub-basins that comprise the Permian Basin. The Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. Crude oil production in the Wolfcamp accounts for nearly one-third of total Permian crude oil production and more than one-third of Permian natural gas production.


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Operations Map

Point Energy Operations Map

Point Energy Partners Well & Spud Permit Summary

Point Energy Partners Management Team

Founded in 2017 by Bryan Moody, Chief Executive Officer, and John Sabia, Chief Financial Officer, Point Energy is focused in the Delaware Basin with an active drilling program and has assembled more than 15,000 gross operated acres in Loving and Ward counties. The company continues to explore growth opportunities including bolt-on acquisitions surrounding their existing acreage in the core of the Delaware Basin.

Joel Acosta, Senior Vice President of Operations

Mr. Acosta joins Point Energy with more than 16 years of drilling and operations experience in the Delaware Basin. Most recently, he was Vice President of Operations for Crescent Consulting, where he teamed with other operators to design, drill and operate wells throughout the country with a focus on Texas, Oklahoma, and New Mexico. Prior to Crescent Consulting, Mr. Acosta worked at SandRidge Energy, RKI Exploration & Production and WPX Energy where he managed their respective drilling programs, running as many as 26 rigs and leading teams of engineers and superintendents. Mr. Acosta is particularly adept at managing large capex budgets while striving to control and lower development costs.

Jay Brenner, Senior Vice President of Operation

Mr. Brenner joined Point Energy in 2021 as Vice President of Operations, where he leads the company’s completions, water recycling and production operations efforts. Mr. Brenner’s 10 years of experience has been almost completely focused on the Delaware Basin, where he led the completions teams for RKI Exploration & Production, WPX Energy and Devon Energy. Additionally, he has led field superintendents, water recycling, and reservoir engineering, all of which contribute to the breadth of experiences needed to lead Point Energy as SVP of Operations.

Cameron Boyd, Vice President of Operations

Mr. Boyd joins Point Energy with over 18 years of experience in engineering roles focused on facilities, process engineering, material science and technical safety engineering. Mr. Boyd has more than 10 years of experience with Petrofac Facilities Management where he most recently served as Director of Engineering, focused on designing, building, and managing facilities in the Permian Basin. He brings additional experience leading offshore platform facilities modifications, decommissioning and technical safety programs.

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