Dee Jenkins - Senior Partner, President
Dee Jenkins was born in Odessa, Texas, and grew up in Texas, New Mexico, and Colorado. In 1985 he graduated from Fort Hays State University in Kansas with a Bachelor of Science degree in geology. There he showed early leadership skills while serving as the president of the Geology Club. In 1990 he graduated from Texas Christian University with a Master of Science degree in geology.
Union Pacific Resources Company
Dee began his career as a geologist in 1988 as an intern with Union Pacific Resources (UPR). While at UPR, he mentored three interns and directed, as team leader, a group responsible for running up to six drilling rigs simultaneously. Exposure to drilling hundreds of wells, and drilling six different formations with horizontal wells would yield an experience base of practical operations.
While at UPR Dee pioneered the idea of drilling the first horizontal well in the James Lime of East Texas, which today has over 100 horizontal wells producing in Texas and Louisiana. He formulated, fostered, and promoted the active fractured James Lime play in the East Texas Basin, which could ultimately yield over a trillion cubic feet of gas. After managing the first horizontal Strawn Lime wells in the Val Verde Basin, his team developed a program that ultimately drilled over 60 horizontal and fracture stimulated wells.
Belco Energy Company/Westport Energy Company
Dee worked at UPR until joining Belco Energy in 1997. At Belco he generated prospects and placed external deals with numerous partners. Dee generated a large inventory of prospects while perfecting his skills, promoting computer technology in new areas of the upstream business, and creating proprietary techniques of risk analysis and play evaluation. He learned the importance of emphasizing economic evaluation at Belco, where he screened and reviewed over 100 external deals. Successful play extensions occurred in the tite gas Haynesville Sand, Cotton Valley Sand, James Lime, Frio, Yegua, Austin Chalk, and Georgetown plays. While managing an 80-square-mile 3D seismic program and drilling 27 wells, the company realized the highest profit per dollar invested of any play or program until the company was purchased by Westport Resources in 2001.
One of Dee's most successful impacts on the company was creating a joint venture as a non-operator at Elm Grove field in Louisiana. He reengineered this project by ranking ultimate production yields in the field and reorganizing the drilling schedule to pull the highest value targets forward in the cycle, making the project economic, even as product prices were low.
Crimson Energy Company
After joining Crimson Energy in 2001 with other former Union Pacific Resources employees, Dee helped to grow the asset base from $32 MM to over $130 MM in value when liquidated in open market. He generated new prospects and developed new software to predict the outcome of new ideas using neural networks and fractal statistics. With these tools, new areas of promising potential can be quickly identified, given certain economic constraints or rules. Dee has tested his models against real-world results, with real-world benefits.
Other Interests
Dee has spent the last three years following de-regulation issues and attending workshops and seminars preparing for the new energy environment. His network of contacts extends across many different disciplines. With proprietary statistical techniques, risk analyses, modeling, and mapping, he has compiled a large portfolio of prospect opportunities and new ideas.
Since 1990 Dee has managed a family trust of oil and gas investments, beginning with seed capital of $40,000, that has yielded an internal rate of return of 50% in long life Over-riding and Working Interest properties, exclusive of all quick profit taking opportunities. Overall undiscounted return on investment is estimated at 6.5:1 and demonstrates what can be realized in the oil and gas business with even modest amounts of capital.