CrownRock, every mention

Striking Oil – CrownRock by Lime Rock Capital (EP.428) Jan 20, 2025 · 43 mentions

• ▶ 4:42 Ted Seides But I bet you wouldn't think about an oil and gas play called Crown Rock. 6 times in the scene
• ▶ 14:43 Ted Seides So as you start pursuing the strategy somewhere along the way, you come across Crown Rock. 6 times in the scene
• ▶ 19:02 John Reynolds Type of the markets bombed out, time to get loaded up in the Permian Basin, let's get into Crown Rock.
• ▶ 23:05 Jay McLean Head of land and president of the company, co-founder of the business, was a fourth generation Midland, Texas oil and gas guy. 6 times in the scene
• ▶ 27:34 Jay McLean It also really strengthened the focus on the Permian Basin, which is where fortuitously all of our investment was located within Crown Rock, and that proved to be by far the most resilient of the basins. 2 times in the scene
• ▶ 30:46 John Reynolds So if you canvass the investment banks that cover the energy sector, the most common refrain about Crown Rock is, Tim Dunn will never sell it.
• ▶ 37:16 Jay McLean Well, ultimately every employee of Crown Rock was an equity holder. 2 times in the scene
• ▶ 44:23 John Reynolds It just speaks to the fact that each year we were holding Crown Rock, the technology that was being really ubiquitously applied throughout the industry in horizontal drilling techniques, 5 times in the scene
• ▶ 48:47 John Reynolds And the merger market has a pulse, and the pulse started to beat insofar as there was a lot of interest, and a merger wave was soon to be upon us, and there were not many Permian companies like Crown Rock available.
• ▶ 53:14 Jay McLean Really high rates of return, and I think that's part of the culture of LimeRock as a firm, notwithstanding the fact that we tried to put more money into CrownRock over time, and the management team there was smart enough to think, I have… 2 times in the scene
• ▶ 54:01 Ted Seides Over the 17 years you owned Crown Rock, there were some pretty significant shifts in the industry. 6 times in the scene
• ▶ 59:23 Jay McLean Coal consumption in the U.S. is down 50% since 2008, right around the time that we invested in Crown Rock.
• ▶ 1:01:31 John Reynolds We extended the Crown Rock relationship by 2 times in the scene
• ▶ 1:09:16 Jonathan Farber I think a lot of those lessons came home to roost in the Crown Rock investment. 2 times in the scene