OWL’s team includes seasoned professionals in five states with years of proven corporate and water management expertise. With offices in Midland, Denver and Dallas, and over 20 field locations, OWL has the right people in place to architect, engineer and operate water logistics for the energy industry on a large scale. OWL is managed by its Board of Directors which includes representatives from the Management Team, NGP Energy Capital Management, NGP Energy Technology Partners and Pearl Energy Investments.
Board of Directors and Management Team
Mr. Covington joined NGP in 1997 and serves as Partner of the NGP funds. He is a leading transaction specialist in the energy industry with over 30 years of experience. Mr. Covington oversees the structuring, negotiation and execution of the NGP investment process and assists in the monitoring of portfolio companies and the sourcing and evaluation of new investment opportunities. His knowledge and experience in structuring, negotiating and executing transactions and his ability to communicate this clearly to others provide a unique resource to NGP’s portfolio companies.
Prior to joining NGP, Mr. Covington was a Senior Shareholder of the law firm of Thompson & Knight, where he practiced in the Corporate and Securities group in Dallas for nine years. He served as the primary outside legal counsel for NGP’s investments from 1989 through 1997.
Mr. Covington received a B.B.A., magna cum laude, in 1980 and a Juris Doctor in 1983 from Southern Methodist University, where he was an editor of the Southwestern Law Journal and was elected to the Phi Delta Phi scholastic honorary society.
Phil founded NGP ETP in 2005 and has been investing in the energy technology sector since 1997. He has led investments in renewable energy, power quality/reliability, distributed generation, energy management and control, and power electronics. Prior to NGP ETP, Phil was a Managing Director at Perseus, L.L.C., where he led or co-led the firm’s energy investing activities and was a member of the firm’s Executive Committee. Phil holds a JD with distinction from Stanford Law School and a BA in Economics from Amherst College, where he was elected a member of Phi Beta Kappa. Phil is a member of the External Advisory Board of the MIT Solar Study, Vice Chairman of the Board of Governors of the Folger Shakespeare Library and a Founding Board Member of Capital for Children. Phil is a board member of Catapult Energy Services, LED Engin and TPI Composites, and a former board member of American Wind Capital.
Mr. Seline joined NGP in 2013 and serves as Senior Associate. He concentrates on NGP's efforts in sourcing investments, transaction analysis, and execution as well as the monitoring of active portfolios. Prior to joining NGP, Mr. Seline was an investment banking Analyst with Barclays’ Natural Resources Group in Houston, where he focused on financing and merger and acquisition transactions in the oil and gas industry. Mr. Seline received a B.B.A. in Finance and a B.A. in Economics in 2011 from The University of Texas at Austin.
William J. (Billy) Quinn is a founder and Managing Partner of Pearl Energy Investments. Prior to founding Pearl, Billy served as Managing Partner of Natural Gas Partners (NGP). In his capacity as Managing Partner, he co-managed NGP’s investment portfolio and played an active role in the full range of NGP’s investment process, from transaction sourcing through analysis, execution, and exit. Billy was also a key element in the firm’s business development activities given his extensive industry contacts in the U.S. and Canada.
Billy gained valuable investment experience working for Rainwater, Inc., and Hicks, Muse, Tate and Furst, Inc. Billy also worked as an analyst in the investment banking divisions of Bear Stearns & Co. and BT Securities Corporation.
In addition to his investing activities, Billy serves as a guest lecturer on private equity investing at Stanford University’s Graduate School of Business and the Wharton School of the University of Pennsylvania. Billy also sits on the Undergraduate Board of the Wharton School.
Billy received a B.S.E. in Finance degree, with honors, in 1992 from the Wharton School of the University of Pennsylvania, and an M.B.A. in 1998 from Stanford University.
Mr. Cooper is CEO of Oilfield Water Logistics, LLC and Managing Partner of OWL Investments. Mr. Cooper was previously CEO and founder of Oilfield Water Lines, LP, which sold substantially all of its assets to NGL Energy Partners (NYSE: NGL) in 2013. Prior to OWL, Mr. Cooper co-founded investment firm Eastern Partners and was CFO of Charis Partners, the initial oilfield water platform for Heckmann Water Resources and later Nuverra (NYSE: NES). Mr. Cooper began his investment career at private equity firm Olympus Real Estate Partners, HM Capital’s real estate fund, following work at Ernst & Young. Mr. Cooper received a BBA in Finance and BA in Political Science from Southern Methodist University, and an MBA from The University of Texas at Austin.
Mr. Peracchi is CFO of Oilfield Water Logistics, LLC. Previously, Mr. Peracchi was Vice President, acting Chief Financial Officer and Treasurer of EXCO Resources, which he joined in 2013. Mr. Peracchi served as Associate Director of Corporate Development and Investor Relations at Nabors Industries from 2012 to 2013 and Director of Finance and Investor Relations at Superior Well Services from 2009 to 2012. Mr. Peracchi has over 11 years of experience in Energy Investment Banking at KeyBanc Capital Markets and A.G. Edwards & Sons. Mr. Peracchi was also at Coopers & Lybrand for 4 years. Mr. Peracchi is a certified public accountant and received a M.B.A with high distinction from the University of Michigan and a B.S. in Accounting with distinction from Babson College.
Mr. Johnson is Executive Vice President, Business Development at Oilfield Water Logistics, LLC and a founding Partner of OWL Investments. Previously, Mr. Johnson was a co-founder and the first investor in Oilfield Water Lines and was active in the company’s formation and financial structuring. Mr. Johnson has an extensive network of relationships in the industry and actively sourced deals for OWL. He has several decades of experience in investing in minerals, overrides and working interests in various oil and gas assets. Mr. Johnson earned his BS in Finance from Louisiana State University and his MBA from Tulane University.
Mr. Bannister is Executive Vice President, Operational Strategy at Oilfield Water Logistics, LLC and a founding Partner of OWL Investments. Mr. Bannister was most recently COO and a founder of Oilfield Water Lines, LP where he oversaw the acquisition and development of the company’s assets in the Eagle Ford shale. Mr. Bannister has over 15 years of prior experience as a CEO or COO in a variety of industries, including a multi-million dollar construction services company that he sold in 2011, and industry roll-ups on both the buy and sell sides. Mr. Bannister has a BBA from Southern Methodist University and has continued his education in the Masters Program at Southern Methodist University with a focus on finance and accounting.
Mr. Thiel is Executive Vice President, Corporate Development at Oilfield Water Logistics, LLC and a Partner at OWL Investments. Mr. Thiel worked in the Stephens Energy Investment Banking Group from December 2011 to May 2014 where he participated in over $16 billion of transactions. Prior to joining Stephens, Mr. Thiel served as a Consultant at Ernst and Young where he participated in several operations improvement projects in the firm’s Consumer Banking Office. Prior to Ernst and Young, Mr. Thiel was a Captain in the United States Army where he led teams at multiple levels through four combat deployments. Mr. Thiel earned his BS in Engineering Management from the United States Military Academy and his MBA from Southern Methodist University.
Mr. Hines is Executive Vice President, Permian Basin at Oilfield Water Logistics, LLC. Mr. Hines was most recently Construction and Produced Water Manager at Pioneer Natural Resources water team. Mr. Hines has over 13 years of prior experience in a variety of roles in the upstream oil and gas sector focusing on facilities and operations. Mr. Hines has a Petroleum Engineering degree from Texas Tech University.
Mr. Carr is Vice President of Business Development at Oilfield Water Logistics, LLC. Previously, Mr. Carr was Vice President of Lobo Trucking, a portfolio company of Sunland Capital. While at Lobo, he was responsible for growing its trucking, water transfer and saltwater disposal well business lines. In addition to helping the company becoming the largest fluid services provider in Southeast New Mexico, Mr. Carr assisted in expanding the company’s footprint into West Texas. Mr. Carr began his career in the insurance business at McGriff, Seibels and Williams where he served as Assistant Vice President in the Energy and Private Equity Risk Consulting groups. Mr. Carr earned his MBA from Rice University and his BBA in Finance from The University of Texas at Austin.
Mr. Rutter is Vice President of Sales at Oilfield Water Logistics, LLC. Previously, Mr. Rutter worked at Baker Hughes Incorporated serving in various management roles within operations, sales and business development. While at Baker Hughes, he was responsible for growing its artificial lift and upstream chemicals product lines for their five geo-markets within US Land. Mr. Rutter has more than ten years of oil and gas business development and production experience throughout an assortment of regions including the Permian Basin, Eagle Ford, Rockies, Bakken, and Anadarko Basin. Mr. Rutter received a BS in Finance from Cornell University and an MBA from the University of Texas system.