A&M Featured in Oil and Gas Investor Article, ‘Rough Riders'
“In mid-March, Maverick Natural Resources was like every other E&P in the Lower 48 – boxed in by OPEC, a pandemic and buried under an avalanche of bad news that in roughly two weeks had drained the value of oil by 56 percent.”
A&M worked with Maverick Natural Resources in 2018-2019 to reduce lease operating expense (LOE) by 32 percent and increase EBITDA by 33 percent, and again in the Spring of 2020 to further reduce LOE. Under the leadership of new Maverick CEO, Chris Heinson, the Houston-based company applied lessons from its turnaround to relentlessly pursue free cash flow in 2020’s perfect storm.
In an article published in Oil and Gas Investor, Mr. Heinson and A&M Managing Directors Jay Campbell and Lee Maginniss discuss how Maverick’s post-bankruptcy business model and culture helped them identify an estimated $53 million in free cash flow during the Spring of 2020.
