Joe Moidel
President & CEO at Lakewood Energy LLC- Claim this Profile
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Bio
Credentials
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CI-CPT Cooper Institute Certified Personal Trainer
The Cooper InstituteAug, 2008- Sep, 2024
Experience
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Lakewood Energy LLC
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United States
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Oil and Gas
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1 - 100 Employee
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President & CEO
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Jun 2019 - Present
• Founded the company, sourced the asset, built the team, raised the capital, and currently executing multi-well pad developments in the core of the Delaware Basin • Lakewood Energy is the operator of choice within the prolific Permian Basin • Founded the company, sourced the asset, built the team, raised the capital, and currently executing multi-well pad developments in the core of the Delaware Basin • Lakewood Energy is the operator of choice within the prolific Permian Basin
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Stronghold Resource Partners
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United States
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Investment Management
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1 - 100 Employee
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Vice President, Operations
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Jul 2021 - Jan 2022
• Led Oilfield Operations working directly for the private equity firm with $1 billion of supported projects • Built Yukon Exploration Operating company from the ground up, spudding just 55 days after hire date. • Managed a $14MM two-well exploration program from concept through production to begin delineating a 14,000-acre Jo Mill prospect in Borden County in the Midland Basin. • Managed Junction Resources, a freshwater sourcing and salt water disposal business with 96 water wells, one SWD, 3.2MM barrels of surface water storage capacity across three frac ponds, 150,000+ barrels per day of fresh water transfer and delivery rate, 8,000 barrels per day of salt water disposal, and 150 barrels per day of skim oil sales. • Supported various other portfolio investments across Stronghold funds with wide ranging strategies Show less
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Cypress Natural Resources
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United States
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Oil and Gas
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1 - 100 Employee
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Vice President, Operations
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Jul 2020 - Jun 2021
• $65MM equity commitment from Edge Natural Resources • Managed high H2S & CO2 production in the Delaware Basin • $65MM equity commitment from Edge Natural Resources • Managed high H2S & CO2 production in the Delaware Basin
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Vice President, Drilling
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Jan 2018 - Jun 2019
• $200MM commitment from Natural Gas Partners• Key member of executive leadership participating in strategic planning, board presentations, investor presentations, and A&D activity• $55MM capex responsibility while managing a two-rig program to delineate a 40,000-acre position in the Southern Delaware Basin• Implemented a behavioral based safety program to ensure personal safety is paramount• Drilled the Graef 1-12 #1HA well, currently producing in the top 20% of all Delaware Basin wells• Drove down well costs from $5.8MM to $ 3.75MM in just one year by safely implementing a rapid well design evolution. Delivered the optimal well design in 1/3 the time as compared to offset operators. Show less
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Drilling Manager
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Jun 2016 - Jan 2018
• Safely drilled the #1, #2, and #15 highest producing oil wells, of their vintage, in the Midland Basin. Stiles 9-26 #1HB, State Carter #1HB, and Hartgrove #1HB• All wells were drilled 1-5% under AFE• Delivered half cycle returns of 130% IRR and 3.7 DROI PV10 which secured RBL on just three wells• Participated in the successful divestiture of PCORE’s Midland Basin asset in May of 2018, and shiftedfocus to developing PCORE’s large Southern Delaware Basin asset
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Pioneer Natural Resources Company
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United States
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Oil and Gas
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700 & Above Employee
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Staff Completions Engineer
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Jan 2015 - Jun 2016
• Responsible for two frac crews in the Midland Basin - designed and executed numerous horizontal & vertical frac jobs in Midland• Graduated from 8 month “frac pup” completion academy including field and office rotations, and broke out as fully trained completions engineer• Assisted Permian D&C teams with dozens of fishing jobs ranging from open hole stuck pipe, wireline, coil tubing, plug drill outs, etc.
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Senior Drilling Engineer
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May 2012 - Dec 2014
• Helped Pioneer transition from a pure vertical driller to a pure horizontal driller in the Permian Basin• Responsible for two horizontal drilling rigs in Midland and Martin Counties drilling all Wolfcamp intervals, 3 and 4 string well designs, and up to 10k’ lateral lengths.• Responsible for eight vertical drilling rigs across nine counties in the Midland Basin, and wrote hundreds of AFE’s and drilling programs• Worked for six months as night co. man on hz. drilling rig Patterson 217 in Reagan and Irion Counties• Handled special projects including Sagerider installation, core wells, & logging wells• Assisted Permian D&C teams with dozens of fishing jobs. Some infamous ones were the Maybee K 1H (first Martin County horizontal well) and the PSU 1701H (first LSS well) Show less
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Baker Hughes
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Norway
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Oil and Gas
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1 - 100 Employee
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Operations Manager
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Jan 2012 - Apr 2012
• Plan Ohio operations from ground up, evaluate TAM, make key customer contacts, set up facility.
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Operations Manager
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Jan 2011 - Dec 2011
• $25M P&L responsibility.• Managed 40 employees, field supervisors, engineers, coordinators, admins, warehousemen, SSE’s.• Managed multiple completions and wellbore intervention product lines. Fishing, Thru tubing fishing, composite plugs, cased hole completions packers, remedial and stimulation tools, squeeze tools, liner hangers, inflates, expendables, etc.• Zero HSE incidents.
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District Engineer
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Jan 2008 - Dec 2010
• Remediated and plugged the BP Macondo Blowout in the Gulf of Mexico in 2010.• Designed and patented numerous customized fishing tools, handled special projects, mentored incoming engineers, led safety meetings, and provided daily engineering support.• 24 hr. “on call” technical support for Baker Hughes fishing operations in Gulf of Mexico. • Gold “Core Values” award for safety leadership December 2010.• Extensive knowledge of “big-hole fishing tools,” whipstock systems, work-overs, subsea P&A, wellbore cleanout, deep-water and shelf operations.• 300+ days offshore on deep-water and shelf projects. Show less
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Field Engineer
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Jul 2007 - Apr 2008
• 24 hr. “on call” tech. support for Baker Hughes thru tubing fishing (TTF) operations in South Texas.• (TTF) Operations Coordinator, coordinated 500+ TTF jobs.• Extensive field experience with big-hole fishing, composite plug mill outs, mud motors, coiled tubing apps.
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Pride International
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Oil and Gas
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200 - 300 Employee
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Roustabout, Summer Intern
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May 2006 - Aug 2006
• Dynamically Positioned Drill Ship Pride Africa • 35 days aboard, 7 days Luanda Base training • Gained field experience with international offshore drilling and completion operations and safety • Dynamically Positioned Drill Ship Pride Africa • 35 days aboard, 7 days Luanda Base training • Gained field experience with international offshore drilling and completion operations and safety
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Education
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2002 - 2007
Texas Tech University
Bachelor of Science (B.S.), Mechanical Engineering
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