Mr. Matt Powe joined Hefner Energy in July of 2017 as Vice President of Engineering responsible for technical valuations and reservoir analysis.
Mr. Powe was previously Engineering Team Lead at Continental Resources (NYSE: CLR), one of the Senior Engineers responsible for Continental’s SCOOP and STACK development program. Matt began his tenure at Continental as a New Ventures Reservoir Engineer where he led the analyses on transactions exceeding $350 million dollars and acquisition opportunities more than $15 billion dollars. While working in the Anadarko Basin, he performed or supervised analyses on over $20 billion of acquisition opportunities and divestitures totaling more than $1 billion.
During his time with Sandridge (NYSE: SD), he prioritized and monitored drilling plans for 32 rigs in three states through his reservoir engineering role. While with EOG Resources (NYSE: EOG), Matt’s team maintained a >90% ROR in an exploration group with more than $100mm CAPEX per year. During Mr. Powe’s more than 10-year career, he has been responsible for reservoir analysis on over a hundred thousand wells across the country.
Mr. Powe holds his Bachelor of Science in Petroleum Engineering from the University of Oklahoma. He has been an Expert Witness for the Oklahoma Corporation Commission, Texas Railroad Commission, and the Colorado Oil and Gas Conservation Commission.