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James Sauseda is a seasoned energy executive with 20+ years of experience in mineral portfolio management, royalty management, and technical analysis. He spearheaded the growth of Cosmo Energy's mineral portfolio and developed the company's royalty management protocol and systems architecture. Sauseda holds a Bachelor of Science degree in Petroleum Engineering from the University of Oklahoma.

Experience

    • United States
    • Oil and Gas
    • 1 - 100 Employee
    • Vice President
      • Jun 2021 - Present

    • Vice President: Engineering
      • Aug 2017 - Jul 2021

      Reported directly to Cosmo’s President to advise on all technical and day to day operations. Responsible for executing Cosmo’s growth strategy of purchasing producing and non-producing assets to hold for long term value. Prepared all of Cosmo’s buy-side and sell-side analysis. Led technical staff in the maintenance of in-house and out-of-house engineering software and data systems. Continually improved business processes through automation, analytics, and risk management. • Elected best methods for asset development and well investments via capital and risk assessment, well participation analysis, and lease bonus analysis• Created the marketing strategy for leasing decisions• Evaluated and approved all potential acquisitions of mineral rights, overriding royalties, and non-operating working interest• Identified AOIs for acquisition and automated initial contact processes for mailers• Evaluated and approved all potential divestitures. Produced marketing strategy and prepared materials necessary to obtain maximum asset value• Produced extensive cash flow forecasting to include all known variables within Cosmo’s financial structure. Implemented forecasts into operating models, business plans, and accounting analysis to ensure we were within budget and addressing any red flags.• Worked closely with third party evaluators and bank executives on an annual basis for credit line redetermination• Led the technical analysis in cooperation with UBS bank in Cosmo’s marketed divestiture valued at >$50MM• Continually reevaluated and improved royalty management procedures • Lead project manager for all facets of business

    • Petroleum Engineer
      • Oct 2014 - Aug 2017

      Joined Cosmo Energy as a part of the first technical staff to spearhead the management and growth of their mineral portfolio. Cosmo’s mineral portfolio consists of over 7000 net royalty acres and over 1500 wells. Responsible for the design and implementation of Cosmo’s royalty management protocol and systems architecture. This includes the original creation of the database and table structures designed to a granular level. This division of labor was necessary for Cosmo to maintain a competitive market edge and firm grasp on the financial health of the company.• Invented and maintained a database that consisted of revenue statements, joint interest billing statements, division orders, mineral ownership, monthly historical production, monthly production forecasts, oil and gas reserves, OCC apps and orders, working interest well data• Programmed software to view and utilize the database• Developed software for Cosmo to run decline curve analysis, type curve creation, economic forecasts, and upside scenarios capable of multi-formations and selective timing• Generated internal royalty management auditing procedures to ensure Cosmo’s mineral interests were fully accounted for • Prepared annual reserve report, using both Aries and in-house software, that was used for the first credit facility determination• Transitioned software and business interfaces to SQL database and Power BI• Utilized various analytical and data science techniques to automate, optimize, and analyze all aspects of the business on a continual basis

  • Shell Oil Company
    • Greater Denver Area
    • Completions & Well Intervention Intern
      • May 2013 - Aug 2013
      • Greater Denver Area

  • EOG Resources
    • Permian Basin
    • Production Intern
      • May 2012 - Aug 2012
      • Permian Basin

Education

  • 2009 - 2014
    University of Oklahoma
    Bachelor of Science (B.S.), Petroleum Engineering

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Industry Focus. “Oil and Energy”

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