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.”
Click here for Ian Levine’s complete profile.
Take a look at all of the Forty Under 40 honorees.
Recommended Reading
Valaris’ 1Q Sets Positive Tone for Offshore
2024-05-06 - Coming out of first-quarter 2024, drilling contractor Valaris expects a sustained upcycle for the offshore drilling industry supported by demand growth, OPEC+ production cuts and supportive commodity prices.
Will the Ends Justify the Means for W&T Offshore?
2024-03-11 - After several acquisitions toward the end of 2023, W&T Offshore executives say the offshore E&P is poised for a bounce-back year in 2024.
Aramco Reports Second Highest Net Income for 2023
2024-03-15 - The year-on-year decline was due to lower crude oil prices and volumes sold and lower refining and chemicals margins.
Diamondback Stockholders All in for $26B Endeavor Deal
2024-04-29 - Diamondback Energy shareholders have approved the $26 billion merger with Endeavor Energy Resources.
Uinta Basin: 50% More Oil for Twice the Proppant
2024-03-06 - The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.