2018 TEXAS ENERGY UPDATE SPEAKERS
Joe Foran
Chairman of the Board, Chief Executive Officer & Secretary, Matador Resources Company

Joe Foran founded Matador Resources Company (otherwise known as “Matador II”) in July 2003. He began his career in
1983 as an oil and natural gas independent when he founded Foran Oil Company which was later consolidated into Matador Petroleum Corporation (also known as “Matador I”) upon its formation in 1988. In June 2003, Matador I was sold to Tom Brown, Inc. for an enterprise value of $388 million in an all-cash transaction. Under his guidance, Matador I realized a 21% average annual rate of return for its shareholders for 15 years. Matador II has produced a similar rate of return and has grown from $6 million in market capitalization to approximately $4 billion. Matador II operates in three states and trades on the New York Stock Exchange under the symbol MTDR. He graduated with a Bachelor of Science degree in Accounting from the University of Kentucky with highest honors. He earned a law degree from Southern Methodist University School of Law where he was a Hatton W. Sumners scholar and the Leading Articles Editor of the Southwestern Law Review. In 2002, he was honored as the Ernst & Young “Entrepreneur of the Year” for the Southwest Region.
Ed Hirs
Managing Director, Hillhouse Resources, LLC

Ed Hirs is Managing Director for Hillhouse Resources, LLC, an independent E&P company developing a portfolio of onshore conventional oil and gas prospects on the Texas Gulf Coast. In addition, he is the BDO Fellow for Natural Resources. He is one of the inaugural University of Houston Energy Fellows where he has taught the undergraduate and graduate Energy Economics courses since 1988. Previously, he served as CFO for DJ Resources, LLC, an early leader in the Niobrara Shale where he completed equity fundings, bank financings, audits and hedging. He has published numerous articles on energy topics and corporate governance. He founded and co-chairs an annual energy conference at Yale University. He has been interviewed by numerous media outlets, including Forbes, The Wall Street Journal, The New York Times, The Houston Chronicle, Bloomberg Business News as well as the national networks (ABC, CBS, NBC and Fox). Ed received his degrees from Yale University, including BA with honor and Distinction in Economics, MA in Economics and a MBA. Also he holds the Chartered Financial Analyst (CFA) designation.
Keith Barnett
Senior Vice President of Strategic Analysis, ARM Energy

At ARM Energy, his responsibilities encompass physical and trading fundamental analysis of crude, natural gas, NGL’s and global drivers to international energy flows. He has over 30 years of experience in the energy industry, including Chevron, Columbia Gas Transmission, American Electric Power and Merrill Lynch Commodities. He held engineering, managerial and executive positions with these companies in the areas of production, drilling, offshore platform design, natural gas marketing, fuel procurement, trading and structuring analytics, corporate strategy and fundamental analysis of energy markets. Prior to joining ARM Energy, Keith served as Director of Strategic Analysis for Merrill Lynch Commodities where he led the effort to create an integrated global point of view for energy commodities that could serve short term trading and longer term investment horizons. He has an engineering degree from Texas A&M University.
Kevin Goodman
Principal, Carnelian Energy Capital Management LP

As a Principal at Carnelian Energy Capital Management, LP, Mr. Goodman focuses on sourcing investments, transaction
due diligence and execution and monitoring of active portfolio companies. Prior to joining Carnelian, he was a Senior Vice President at Post Oak Energy Capital. He also previously served as a Director of Finance for a private equity-backed oil and gas company, an Associate at First Reserve Corporation and an Analyst in the Global Energy Group of UBS Investment Bank in Houston. He received a B.B.A. and an M.P.A. in Accounting from The University of Texas at Austin.
Greg Haas
Director of Integrated Oil & Gas, Stratas Advisors

At Stratas Advisors, Mr. Haas serves a global base of energy industry clients of the Stratas Advisors research and advisory practice as well as institutional energy industry investors as an independent research provider and retainer relationships.
He has more than 25 years of integrated global energy experience through his operating and fundamental research roles
at Exxon Corporation, Electric Power Research Institute, at pipeline and power consultancies and at equity brokerage firms, including Raymond James Financial and Sanders Morris Harris Group. Mr. Haas holds an MBA with a Finance concentration from Rice University along with a Master and Bachelor of Science degrees in Mechanical Engineering from the University of Illinois. He is frequent speaker on energy topics and has been a contributor to media outlets, including the Nightly Business Report, NPR, Wall Street Journal, Forbes and American Business Journals.
Bill Pacilio
Senior Vice President for Energy Derivative Contracts, East West Bank

Mr. Pacilio has over 23 years of experience in energy marketing, trading and risk management. Prior to joining East West Bank, he spent 17 years at Wells Fargo Bank helping clients manage their commodity price risk utilizing financial derivative products. Prior to Wells Fargo, he worked for Union Pacific Fuels trading physical natural gas and structuring physical fuel supply arrangements with industrial end users, utilities, and independent power developers. His career began with Diamond Shamrock/Maxus Energy as a financial analyst before moving into the natural gas marketing division where he was responsible for the transportation, dispatching, and trading of physical natural gas across various gas producing regions.
Mr. Pacilio holds a BA in Finance from Texas A&M University, and an MBA from the University of Dallas.
Jack Reilly
Vice President, EnCap Investments LP

Prior to joining EnCap in August 2012, Mr. Reilly spent two years working in the Energy Investment Banking Group at Evercore Partners, where he focused on restructuring and M&A advisory work in the energy industry. Prior to joining Evercore, he worked for Ernst & Young, LLP in its Transaction Advisory Services group, where he focused on energy M&A. Mr. Reilly graduated Magna Cum Laude from the Honors Program at Mays Business School at Texas A&M University, where he received an M.S. in Finance and a B.B.A. in Accounting. He holds the Chartered Financial Analyst (CFA) designation, is a Certified Public Accountant and a member of the Independent Petroleum Association of America, Young Professionals in Finance and Young Professionals in Energy.
Juan Diego Vargas
Director, First Reserve

Juan Diego Vargas is a Director with First Reserve, a leading global private equity investment firm exclusively focused on energy. With 35 years of industry insight, investment expertise and operational excellence, First Reserve has cultivated an enduring network of global relationships and raised over USD $31 billion of aggregate capital since inception. First Reserve has completed over 650 transactions (including platform investments and add-on acquisitions), creating several notable
energy companies throughout its history. Its portfolio companies have operated on six continents, spanning the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services, and associated infrastructure. Mr. Vargas joined First Reserve in 2007 as an Associate and returned as a Vice President in 2012 after earning his M.B.A. His responsibilities include investment origination and structuring, due diligence, execution and monitoring, focusing on the equipment, manufacturing and services sector, as well as the resources sector. Prior to joining First Reserve, he was an Analyst in the Financial Sponsors and Latin America Groups at Morgan Stanley. Mr. Vargas holds a B.B.A. from the University of Notre Dame and an M.B.A. from London Business School.



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