LEADERSHIP

Mickey Raney is Co-Founder of Impact Energy Partners and has over 40 years of experience in the oil and gas industry. He began his career doing general labor in the oilfield at the age of fourteen for a small independent oil and gas producer in his hometown of Erick, Oklahoma. Summers and college breaks were spent on drilling rigs rough necking, while earning his way through college. Mr. Raney started his professional career in 1980 as a drilling and completion engineer with Hunt Energy Corporation working the Mid-Continent area and also in Wyoming. He was presented the Five Mile award for his contributions on a 27,500 deep well drilled in the Anadarko Basin. He also designed and was the onsite engineer on a 9 5/8 intermediate casing string that set a Rocky Mountain record for the heaviest casing string landed at that time. His design and installation of a 1 1/4 syphoning string on the Moore #1-55 Wheeler County Texas was recognized in the Oil and Gas Journal as a world record.

Mr. Raney formed Raney Engineering, LLC in 1985 with the goals of providing consulting engineering services and also originating and developing oil and gas prospects. One of the first projects was the concept of drilling wells in the Granite Wash in Wheeler County TX. This deal was financed by the small independent that employed him at the age of 14. The acreage block put together by Raney Engineering, LLC was sold to Haber Resources Corporation, who drilled the 1st Granite Wash discovery well. Over the course of several years this developed into a significant discovery as various companies have drilled hundreds of vertical and horizontal wells in the original discovery area.

Mr. Raney used the financial success of the Granite Wash discovery for the business development of his company. Using a combination of personal funds, industry partners, and private investors, he has generated drilling prospects, acquired leasehold, and drilled and completed numerous wells in the Mid-Continent. In recent years Mr. Raney’s primary focus has been acquiring quality oil and gas properties with the potential for improving their profitability using modern technology, development drilling, acreage swaps and low administrative costs. He has identified, evaluated, negotiated and closed the acquisition on over one thousand oil and gas properties in seven states during his career. Mr. Raney’s ability to successfully identify, acquire, and manage profitable projects is exemplified by keeping the same industry partners and private investors for decades. Targeting lower risks projects and using prudent management principles have produced exceptionally good results for the partners in the company’s projects.

In 2016 Mr. Raney was part a four person team hired by Getzler Henrich Management & Financial Consultants in New York to turn around a company that was in default on a Fifty Two Million dollar loan. Over the course of 8 months the team was able to restore the company to profitability, package the assets into three separate parts, and sell the company resulting in a ten million dollar profit to the lenders.

Using his many years of experience in the industry, he has been able to foresee trends in the SCOOP, STACK and many other plays throughout the region. He has brought this asset to Impact which has allowed the Land department at Impact to acquire leases ahead of the competition at a much lower cost prior to the play becoming extremely competitive.  At the end of the 4th quarter of 2017, he identified a particular area in the “Boomer Stack”  where reservoir data indicates there is 19.59 BCF of recoverable reserves in the Mississippian formation and 22.86 BCF of recoverable reserves in the Woodford formation per unit. As a result of this insight, Impact was able to generate a greater than 2X multiple on its investment in ~7 months.  In the first quarter of 2018, he was able to use his industry contacts to source an “Off Market” deal located in northern Oklahoma. Being the senior member of the team he directed each department during the due diligence process. During this process, Mr. Raney was able to uncover around $10 million in upside. Impact closed on this asset in April 2018 which consisted of 110 operated wells and interest in 40 non operated wells. These properties are located in Oklahoma, Kansas and New Mexico.

Mr. Raney is a registered, licensed Petroleum Engineer in the State of Oklahoma, a member of the Society of Petroleum Engineers, and the Oklahoma Independent Petroleum Association. He holds B.S from Oklahoma State University.

Grant Raney is Co-founder of Impact Energy Partners. Prior to joining Impact Energy Partners, Mr. Raney spent 5 years working for Chesapeake Energy (“CHK”) as a petroleum Landman predominantly working the Utica Shale of Ohio. He was very instrumental in creating the “protection lease” which allowed CHK to maintain their very active drilling program and meet their obligations with Total while the Ohio Supreme Court clarified the differences between the Ohio Dormant Mineral Act  1989  and the “revision” in 2006. Mr. Raney played a strategic role in negotiating multiple trades, leases, and agreements with various entities such as CNX, Hess, Gulfport, North American Coal, Consolidated Rail, Waste Management, and Eric Petroleum to name a few. He spent the majority of his time managing Harrison County; home to the famous “Buell Well” which rose to the top as the biggest producing well in Ohio and the primary reason the Utica became a world class asset. While working the Utica, he acquired and unitized over 6,000 net acres of leasehold through drilling. Mr. Raney is very relationship based and loves working with people. He really enjoyed working with the Amish families, local attorneys, the mayor of Cadiz and everyone in between. Mr. Raney continues to stay in touch with many of these people to this day. Through those relationships he was able to acquire many difficult leases which enabled CHK to extend their units and add tremendous value through each lateral. Mr. Raney also served on a steering committee to stream line the many processes between Land, Engineering and Geology

Shortly after the formation of Impact, Mr. Raney was instrumental in negotiating a joint venture with a private equity group out of Dallas that focuses on acquiring oil and gas leases and mineral buying. This is an ongoing venture but at the start of 2017, Mr. Raney led the charge to lease and sell over ~1,000 net leasehold acres in ~7 months to Millennial Energy Partners and Citizen. Mr. Raney was able to acquire and divest a few hundred acres at a time which maximized returns and allowed for a greater than 2X multiple for the fund. At the start of 2018, Mr. Raney recycled the proceeds and purchased 200 plus mineral acres and is expected to sell those at some point for another significant multiple.

Mr. Raney led the due diligence project for the recent Impact acquisition of the Primexx properties in Grant County, OK which added over 5,000 net acres to Impacts arsenal. He has also assisted on many other due diligence projects such as the PayRock and Marathon acquisition, land work for Native and several others.

At Impact, Mr. Raney has implemented the LandVantage system which will enable Impact to map its acreage and quickly generate multiple reports, assignments etc. This will not only allow Impact to properly maintain its vast acreage position but will also enable Impact to divest of its position much quicker than any of its competitors.

Mr. Raney graduated from the University of Oklahoma in three and a half years with a Bachelors in Business Administration with emphasis in Energy Management and studied oil and gas accounting at Reading University in England. He is chairman of the website committee for the Oklahoma City Association of Professional Landman and is co-founder of Out Work University an entrepreneurship program for students at City Center in Warr Acres, OK.

Prior to joining Impact Energy Partners, Danny Murray spent 11 years at Chesapeake Energy mainly as a federal tax accountant rising to the rank of Supervisor.  While at Chesapeake, Mr. Murray’s main responsibility was the tax accounting of the companies oil & gas assets, and fixed assets. These responsibilities included accounting for the 80,000 wells, millions of undeveloped acres of leasehold, thousands of fixed assets, and the tax compliance issues surrounding these assets. Over time as Mr. Murray moved up the ranks he became responsible for leading one of the groups within the tax department.

Mr. Murray was an instrumental member of the teams that put together the billion dollar joint ventures between Chesapeake & PXP (Haynesville), BP (Fayettville), Total (Barnett), Total (Utica), OOGC (Eagleford), OOGC (Niobrara), & Statoil (Marcellus).  These deals were a key factor in Chesapeake’s rise to one of the largest independent oil and gas companies in the U.S. The structures of these joint ventures were extremely complex, and different from what most of the industry was doing at the time. The tax savings from the structure of these deals saved Chesapeake billions of dollars.

While at Chesapeake Mr. Murray worked with the IRS to substantiate the companies tax positions surrounding some of its largest tax deductions. These deductions helped create significant tax savings, and defending the positions against adjustments from the IRS, allowed the company to focus on other areas to generate additional savings.

Prior to leaving Chesapeake Mr. Murray was a lead member of the team responsible for transitioning legacy software programs to SAP.  This process was extremely complex, and required being able to work with members from departments across the entire company to come up with reasonable solutions that fit everyone’s needs.  The saving and efficiencies earned from this transition were significant.

Mr. Murray brings a unique set of skills to the team at Impact helping them to drive value through savings and efficiency.

Mr. Murray graduated from Oklahoma State University in 2006 with a Bachelors degree in Accounting.