Silverback Exploration II LLC added Matthew Alley to its senior leadership team as CFO, the San Antonio-based company said Oct. 17.
Alley brings more than 15 years of corporate and energy finance and investment experience to the Silverback team, according to the company press release. In his new role, Alley will be responsible for all financial functions of the company including structuring potential transactions, financial modeling and analysis, budgeting and reporting as well as strategic planning.
In July, Silverback II was formed to pursue organic development projects and strategic acquisitions with a $500 million equity commitment from EnCap Investments LP. Its predecessor company, Silverback Exploration, developed a position in the Delaware Basin covering about 35,000 net acres, which was sold in 2016 to Centennial Resource Development Inc. (NASDAQ: CDEV) for $855 million.
“We are very pleased to have Matthew Alley, a seasoned energy finance professional, join our team,” Stephen Lipari, Silverback’s CEO, said in a statement. “I have worked with Matthew in the past and can personally attest to his professionalism and expertise in managing the finance functions of a growing business. I am confident that Matthew’s experience and business acumen will be a successful addition to the Silverback team.”
Prior to Silverback, Alley spent two years with Palomar Natural Resources as CFO and vice president of finance. Additionally, he was manager of corporate finance at Aspect Energy, where he focused on corporate and financial matters relating to projects in the Gulf Coast and multiple U.S. unconventional basins as well as international projects in Hungary, Kurdistan and Italy. Prior to Aspect, he was a project manager at Gerbig Management and an investment analyst at Quellos Private Capital Markets.
Alley holds a Bachelor of Science degree in economics and computer science from the University of Puget Sound.
Recommended Reading
NAPE: Chevron’s Chris Powers Talks Traditional Oil, Gas Role in CCUS
2024-02-12 - Policy, innovation and partnership are among the areas needed to help grow the emerging CCUS sector, a Chevron executive said.
Tech Trends: Halliburton’s Carbon Capturing Cement Solution
2024-02-20 - Halliburton’s new CorrosaLock cement solution provides chemical resistance to CO2 and minimizes the impact of cyclic loading on the cement barrier.
Equinor Says EQT Asset Swap Upgrades International Portfolio
2024-04-30 - Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.
Sangomar FPSO Arrives Offshore Senegal
2024-02-13 - Woodside’s Sangomar Field on track to start production in mid-2024.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.