Natural Gas Partners (NGP), one of the leading private equity investors in the oil and gas industry, has appointed Maurice F Storm as a Venture Partner.
Storm launched his extensive relationship with NGP in 2002 as founder and Chief Executive Officer of Crow Creek Energy, LLC. Crow Creek was a USD10 million start-up portfolio company sponsored by NGP that was sold in 2006 for USD71.5 million. Capitalising on Storm’s deal-finding skills, NGP sponsored a second company, Crow Creek Energy II, LLC, which began operations under Mr. Storm’s leadership in October 2006 with USD195 million of NGP equity. Crow Creek II embarked on a more aggressive pattern of growth by acquiring several larger assets and was active drilling wells in the Golden Trend and Cana shale play in the Anadarko basin of Oklahoma. Storm sold Crow Creek II for USD525 million in May 2011.
Prior to this series of successes, Storm spent 18 years in the industry working for Samson Resources Company and Barrett Resources Corporation. He holds a Bachelor of Science degree with honors in Geology from the University of Arkansas and currently sits on the Board of Advisors for the University’s Department of Geology.
“We are extremely excited that Maurice Storm has joined us as a Venture Partner,” says Ken Hersh, Managing Partner of Natural Gas Partners. “Storm combines superb leadership and management skills with the insight to identify unique oil and gas opportunities. We are certain that Storm will add immediate value to our firm as he assists in our efforts to identify and evaluate transactions and potentially be involved at a senior management level in future Natural Gas Partners transactions.”