Mr. Young has 40 years of experience working all facets of petroleum engineering. He spent most of his career in the Permian Basin and served as Permian Basin Division Drilling Manager for EOG Resources in Midland. He was responsible for all drilling operations in the Midland Division from 2005 to 2007. He earned a reputation as one of EOG’s top Shale Drilling & Completions “Trouble-Shooter” and “Well Performance Optimization” Engineer.
In 2007, Mr. Young was promoted to Division Operations Manager, Barnett Shale Division where he reduced trouble cost by 75% and total well cost by 40%. Following his success there, in 2009, Mr. Young became EOG’s Division Operations Manager of its newly emerging Eagle Ford Shale Division where he ultimately managed a capital budget of over $2.1 billion, running 26 rigs and five frac crews continuously, bringing EOG’s Eagle Ford production from 2,000 to 100,000 BOPD over a four-year period.
While with EOG, Mr. Young developed the drilling and completion practices used by EOG to this day in the Eagle Ford Shale. These drilling and completions practices continue to make EOG an industry leader in shale development. He worked with geologists and geophysicists to develop fracture treatments and refine target intervals. He also developed hub facilities to minimize capital requirements for each well and hired managers, engineers, and support staff to assemble a fully functioning operations team, developing a world class asset.
After leaving EOG Resources in 2012, Mr. Young has served as Sr. Vice President of Operations with one public company and several private equity backed Permian Basin companies primarily drilling in the Wolfcamp Shale play. He has also operated in the Anadarko Basin and offshore US and internationally.
Throughout his career Mr. Young has drilled more than 4,000 horizontal wells.
Mr. Young graduated from Texas Tech University with a BS in Mechanical Engineering.
Mr. Sharman is Executive Vice President, co-founder, and co-owner of Texas Standard Oil LLC. Mr. Sharman has over 25 years’ experience in the oil and gas business, including offshore operations in the Federal OCS waters of the Gulf of Mexico, and over 40 years of experience as a practicing oil and gas lawyer.
Prior to his current activities, Mr. Sharman was part owner and Vice President, then President (as of February 1, 2008) of Texas Standard Oil Company, a privately owned, independent oil and gas non-operating company engaged in the exploration, development and production of oil and natural gas in Federal OCS waters of the Gulf of Mexico as well as in the Permian Basin and onshore Texas and Louisiana. Texas Standard Oil Company was formed as part of a publicly registered roll-up of the overriding royalty interests of the publicly traded Freeport-McMoRan Offshore Royalty Trust and the underlying working interests then owned by IMC Global, Inc. The assets were sold and it was liquidated in 2010.
In his private practice of law in the oil and gas transactional and energy finance sectors, Mr. Sharman has represented independents in the financing of the acquisition and development of oil and gas assets, on both debt and equity basis (including $300 million financing of a large domestic independent’s SPE, representing a large German commercial bank that was co-lead on the facility), primarily in Texas and Federal waters offshore Texas and Louisiana.
From 1996 to 1999, Mr. Sharman was Vice President then President of Allied Natural Gas Corporation, a privately owned, independent oil and gas company engaged in the development and production of oil and natural gas in Federal waters of the Gulf of Mexico, including operations (operated three platforms), financing (production payment lending coupled with gas marketing rights), and acquisitions (negative value/surety transactions).
Before 1995, Mr. Sharman worked solely as an attorney with various firms in Houston, Texas, including Butler & Binion, Reynolds, Allen & Cook, Oaks, Hartline & Honey and Campbell, Zukowski, Bresenhan & Woods, practicing in the oil and gas transactional and energy finance area and in litigation support.
Mr. Sharman began his career in 1978 as an Assistant Attorney General of Texas under then Attorney General Mark White.
Mr. Sharman received his BA, cum laude from Vanderbilt University and his Doctor of Jurisprudence from the University of Texas at Austin School of Law.
Mr. Roberson is President, co-founder, and co-owner of Texas Standard Oil LLC, formed in 2013.
Mr. Roberson has over 40 years of oil and gas experience. With a focus on exploratory prospect origination, drilling, completing and production operations management. Mr. Roberson began drilling in the Permian Basin in 1984 and has been an operator in the Permian Basin since 1987. While continuing to drill in the Permian Basin, he also originated prospects, drilled and was an operator and/or producer in the offshore federal OCS waters of the Gulf of Mexico, the Texas and Louisiana Gulf Coast, and the East Texas Basin.
Mr. Roberson began his career with National Supply in 1980 after graduating from the University of Texas at Austin’s McCombs School of Business with a BBA in Marketing. He returned to the University of Texas at Austin and conducted post-graduate work in Geology and Petroleum Land Management before beginning work as a staff landman with Gulf Oil Company in 1982.
In 1987, Mr. Roberson co-founded Pecos Petroleum Company and served as President of the company from its inception until its dissolution in 2001. Pecos Petroleum achieved its success by assembling and operating both developmental and exploratory prospects. During its time, Pecos Petroleum discovered or extended 14 fields and operated or participated in the production of over 7.2 MMBOE. Pecos Petroleum operated the drilling and/or completion of over 70 wells prior to 2001.
Mr. Roberson was president and co-owner of Texas Standard Oil Company, an offshore oil & gas production company formed in 2001 which acquired the Freeport-McMoRan Oil & Gas Royalty trust (was traded on NYSE) and its related working interest by becoming publicly registered through the SEC and making an exchange offer. The acquired properties were located in the Federal waters of the Gulf of Mexico. Texas Standard Oil Company was liquidated in 2010 and Mr. Roberson subsequently acquired all of the outstanding shares.
Mr. Roberson is a member of the AAPL, the Permian Basin Landman Association, the Houston Association of Professional Landmen, the West Texas Geological Society, the Houston Geological Society, SPE: Permian Basin & Gulf Coast Sections and ADAM Permian. Mr. Roberson and his wife of 33 years, Idylette Roberson have 3 sons and 2 grandsons and are members of Houston’s First Baptist Church.