standardize • commoditize • monetize

standardize • commoditize • monetize

A capital markets innovation that changes the game for Permian E&P’s

Liquidity, Transparency, Efficiency

What is SLU?

Why Now?

Who Built It?

What Is Happening?

SLU is a financial marketplace that creates and exposes a standardized, tradeable security created by combining future cash flows of Permian Basin acreage with a development plan and a rating

The Permian Basin has been the most important resource base in the world for nearly a decade, but its historical sources of capital have gone missing

Leading Permian E&P’s are enrolling assets in the ledger to catalyze market liquidity

SLU is a financial marketplace that creates and exposes a standardized, tradeable security created by combining future cash flows of Permian Basin acreage with a development plan and a rating

The Permian Basin has been the most important resource base in the world for nearly a decade, but its historical sources of capital have gone missing

Leading Permian E&P’s are enrolling assets in the ledger to catalyze market liquidity

relevant • transparentsimple

relevant • transparentsimple

Process
Establishment of a New Asset Class

  • Starting point – a 1280 acre double section parcel
  • Creation of an LLC called Super Location Entity (SLE), using the standardized JOA and a development plan provided by the Prime Operator
  • Rating of the SLE by Ryder Scott, which determines the technically recoverable volume of the Super Location, and provides a quality and commerciality grade of each formation.
  • Listing – After the WI are swapped for units in the SLE, the SLE is listed on the SLU Marketplace along with associated formation, development start dates and ratings.
  • Offer Submissions – Armed with the security of standardization, and the transparency from the rating, the new investor base submits offers for any size portions of the SLE

    The simplification brought by the standardization, and the transparency from the rating will:

    1. Expose the tremendous value of undeveloped Permian Acreage
    2. Bring more capital to the basin – generating drilling capital
    3. Enable operational excellence

    Value Discovery for Both Sides of the Bridge

    Value for E&P’s

    • New arrow-in-the-quiver of their efforts to manage long-dated inventory portfolios
    • Price discovery
    • Best ESG performances will be likely to attract a premium

    Value for Investors

    • Diversified Portfolio – reducing value at risk
    • Optionality of choosing when to develop
    • Real-Asset Ownership

    Management Team

    STÉPHANE LAMOINE
    Chief Executive Officer

    Stéphane co-founded Beam in 2015 and was instrumental in creating SLU in 2018. With 30+ years’ experience, he is an expert in natural resources and green disruptive technologies. Engineer from Ecole Centrale Paris, Stéphane was Chief Investment Officer at Société Générale Asset Management and a consultant with Elliott Advisors.

    MARC SAMUEL
    Chairman of the Board

    Marc co-founded Beam in 2015 and was instrumental in creating SLU in 2018. With 30+ years’ experience, he is an expert in structuring and management. Marc has had an extensive career with the Edmond de Rothschild Group, including CEO of Edmond de Rothschild Bank. Engineer Ecole Polytechnique.

    MIKAEL BONALUMI
    Director of Trading and Board Member

    Mikael is a board member of Beam, and instrumental in creating SLU in 2018. With 30+ years’ experience, he is an expert in structured trading and project management. Mikael heads physical trading at Audentia Global and has worked for OK Petroleum, Elf Aquitaine, Total Oil Trading and LITASCO.

    ADAM FARRIS
    Chief Operating Officer

    Adam is an essential part of the SLU team and responsible for business development and corporate growth. With 25+ years’ experience, he is an expert at increasing existing oil and gas production and reducing costs of operation. He has worked at Enverus, Paradigm and Objective Reservoir.

    TODD SCRUGGS
    Chief Financial Officer

    20+ years of energy experience, in areas such as M&A, Transactional Structuring, Corporate Finance and Trading and Risk Management. Most recently Vice President, Corporate Development at WPX Energy (and its successor, Devon Energy), previously Treasurer. Beforehand, various roles at Golar, Velocity, and Williams.

    DANIEL SCHRUPP
    Director Capital Markets

    Daniel is responsible for investor engagement in super locations assets. With 30+ years’ experience, he is a seasoned investment manager and investment banker. Daniel was CIO of Cerberus Capital Management’s UK insurance company; senior portfolio manager for Aozora Bank’s leveraged credit business; and has worked at Salomon Brothers and CIBC.

    ERIC UNVERZAGT
    Director of Business Development – Land

    Eric is director of business development – land. With 14+ years’ experience, he is an expert in managing all land-related aspects of oil and gas development with expertise in unconventional, conventional and enhanced oil recovery. He has worked for Denbury Resources, Land Star Dale Resources.

    LEYING LEE
    Director of Marketplace Administration

    Leying is finance director. With 25+ years’ experience, she is an expert in accounting/reporting for both public and private companies. Leying has spent 11 years as corporate controller at various publicly traded oil and gas companies, including Rooster Energy, GeoMet, Key Energy Services and Dynegy.

    GEORGINA RIVERA
    Director ESG

    Georgina leads the environmental, social and governance efforts within the group. With 10+ years’ experience, she is an expert in communicating complex concepts visually. At Deutsche Bank, Georgina saw how sustainability, climate change, societal impact, governance could impact investment policies.

    M’BAREK OUAZRAGH
    Director of IT

    M’Barek leads the IT team and develops the platform for the SLU Marketplace. With 25+ years’ experience, he is an expert in databases, algorithms, infrastructure and processes. Has developed large database systems, trading, reporting and settlement platforms and ledgers for a number of firms including Elliott Advisors, Proof9 Inc and BlueMile Advisers.

    DANIEL OCHS
    Engineering Director

    Dan is a petroleum engineer. With 25+ years’ experience, he has worked for operating and consulting companies: Amerada Hess, GOM Shelf, Object Reservoir, Phoenix Exploration Company and Breitburn Energy Partners. Dan has managed reservoir engineering consulting projects in hundreds of fields across Texas, Los Angeles, New Mexico, Oklahoma and Colorado.

    RYAN JAMES SPENCER
    Senior M&A Advisor

    Ryan is a reservoir engineer. With 17+ years’ experience, he is a North American upstream industry expert. Formerly with SK Innovation and Encana, Ryan has largely worked in field development, operations, data management, process improvement, acquiring and developing assets and increasing efficiencies using new technologies and operating methods.

    JOHN GERRISH
    Senior Landman

    Certified Petroleum Landman with 13 years working in-house for independent operators in major basin across Texas. John obtained his BBA in Energy Commerce from Texas Tech University, and an MBA from the University of Houston.

    JAMES SPILLANE
    Advisor Strategic Alliances

    James is advisor for strategic alliances. With almost 40 years’ experience, he has closed $4.5 billion+ in asset sales/acquisitions; built teams; implemented software systems. Formerly at Pennzoil, James held senior management positions in the North American energy industry at companies including Crystal River, Escudo, Chesapeake, Apache, El Paso and IEO.

    TIM PAWUL
    Director – Royalties

    10+ years of global oil & gas business development experience, specializing in the US minerals & royalties space.  Host of the “Minerals & Royalties Podcast” and President of the Minerals & Royalties Authority LLC.  Additionally, 7 years´ experience as SVP – Americas for the Energy Council

    About the SLU Council

    The SLU Council is a non-profit corporation that establishes the standards and procures the enabling services to enable the trading of Super Location Units (SLU). Membership is open to leading E&P companies and investment firms that commit to provide inventory and transaction volume to this new marketplace.

    SLU Standards

    • Set of rules that govern the SLU Marketplace  
    • They are binding upon all applicants and members of each Super Location Entity
    • Approved and amended from time to time by the SLU Council
    • Enforced by the SLU Enterprise

    SLU Podcast

    Where Capital & Innovation
    Meet the Permian Basin

               Hosted by Tim Pawul

    “An Overview of the SLU Marketplace”
    with the SLU Enterprise Team

    As a preview to the 9 episodes featuring the SLU Enterprise team members, we have put together a “mashup episode” takes clips from each episode in order to showcase the different skillsets, experiences, and structures that are being leveraged by the SLU Enterprise team in order to execute the SLU Marketplace concept.

    Hosted by Tim Pawul

    “An Overview of the SLU Marketplace”
    with the SLU Enterprise Team

    As a preview to the 9 episodes featuring the SLU Enterprise team members, we have put together a “mashup episode” takes clips from each episode in order to showcase the different skillsets, experiences, and structures that are being leveraged by the SLU Enterprise team in order to execute the SLU Marketplace concept.

    Conversation with
    Stéphane Lamoine
    CEO

    Stéphane joins us to walk through the evolution of the SLU Marketplace model and how he has strategically built a world class team of individuals from finance, trading, geoscience, land, and operations who have the skill sets and experience needed to execute the SLU Marketplace concept.

    Conversation with
    Mikael Bonalumi
    Co-Founder, Director of Trading

    Mikael joins us to walk through his 30+ years of experience in trading, including his involvement in the formation of ICE and how he is helping execute the trading aspects of the SLU Marketplace.

    Conversation with
    Joe Quoyeser
    CEO of University Lands

    Joe joins us to walk through his recent experience with building the Permian Strategic Partnership and how the SLU Team is looking to execute a similar collaborative effort amongst E&Ps in order to help launch the SLU Marketplace and unlock capital for future development in the Permian Basin.

    Conversation with
    Adam Farris
    Chief Operating Officer

    Adam joins us to discuss the technical aspects of the SLU Marketplace and the key value drivers that will incentivize E&Ps to contribute SLUs & participate in the market.

    Conversation with
    Georgina Rivera
    Director ESG

    Georgina joins us to explain how a green label application to the SLU Marketplace will help unlock ESG capital for E&P companies in the Permian Basin.

    Conversation with
    Eric Unverzagt
    Director of Business Development – Land

    Eric joins us to discuss the land related aspects of the SLU Marketplace from both the WI and Minerals owner perspective.

    Conversation with
    Marc Samuel
    Co-Founder, Chairman

    Marc joins us to walk thru his 30+ year career at Rothschild Bank and how his experience in asset structuring is helping fuel the vision of the SLU Marketplace.

    Conversation with
    Daniel Schrupp
    Director Capital Markets

    Daniel joins us to walk through multi decade career in corporate finance and principal investing and how he is helping structure the SLU Marketplace so that it becomes attractive for institutional investors.

    Conversation with
    James Spillane
    Advisor Strategic Alliances

    James joins us to discuss the role Baker Botts, Grant Thornton and Ryder Scott have played to help build out the framework of the SLU Marketplace.

    info@sluenterprise.com