Mark Clevenger

Managing Director
18+ years of oil and gas industry experience
​​​​​​​Advised on 30+ transactions with companies worth $40 million to $3.5 billion
Focuses on cost reduction and efficiency improvements
Houston
@alvarezmarsal
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Mark Clevenger is a Managing Director with Alvarez & Marsal's U.S. Energy Practice in Houston. He specializes in performance improvement and mergers and acquisitions for exploration and production (E&P), midstream, and oilfield services companies.

With over 18 years in the oil and gas industry, Mr. Clevenger has worked with leading oilfield service providers and E&P operators on business plan reviews, pre-acquisition due diligence, merger integration, general and administration (G&A) cost reduction, operating cost reduction, and supply chain initiatives. Mr. Clevenger has worked on many leading unconventional resource plays, including the Barnett, Bakken, Eagle Ford, DJ/Niobrara, Haynesville, Marcellus and the Permian basin, successfully leading performance improvement initiatives and synergy capture from transactions.

Mr. Clevenger is exceptionally effective at driving transformations and rapid cost reduction initiatives. He brings significant leadership experience in the execution of critical transactions including mergers, acquisitions, carve-outs and stand-ups. In a recent engagement, he implemented initiatives to reduce operating costs by $30 million annually, leveraging procurement, operations, organizational and governance, and G&A cost levers for an industrial services provider.

Mr. Clevenger also led a carve-out/integration for an E&P operator’s acquisition of 2,000 wells from a publicly traded operator, including negotiating the transition services agreement (TSA) and managing transition efforts for finance, accounting, IT, operations, supply chain, land, and human resources functions.

Prior to joining A&M, Mr. Clevenger held product design, project engineering and manufacturing roles with Cameron International Corporation. His responsibilities included design, manufacturing and testing of wellheads, gate valves, and manifolds for surface and subsea applications.

Mr. Clevenger earned a bachelor’s degree in mechanical engineering from Texas A&M University and an MBA from the McCombs School of Business at the University of Texas. He has presented at numerous industry conferences, including the Offshore Technology Conference, and authored articles in World Oil and Oil & Gas Financial Journal on unconventional resource play development strategy. Mr. Clevenger is Lean Six Sigma Black Belt certified.

 

 

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