Spencer Cox, MBA, P.E.
Prospective / Operations Management- Actively Job Seeking at Seeking New Opportunities- Claim this Profile
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Bio
Credentials
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SPE Certified Petroleum Engineer (SPEC)
Society of Petroleum Engineers InternationalJan, 2018- Nov, 2024 -
Professional Engineer (PE)
Texas Board of Professional EngineersDec, 2011- Nov, 2024
Experience
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Seeking New Opportunities
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United States
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Oil and Gas
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1 - 100 Employee
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Prospective / Operations Management- Actively Job Seeking
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Aug 2023 - Present
14+ years of optimizing conventional / unconventional assets for private equities in the Permian and Barnett, driving upstream Oil & Gas innovations, CO2 recovery, and pioneering ESG strategies ➤ Organizational Transformation: As Chief Operating Officer at Bedrock Energy Partners, bolstered a data-driven approach leading to breakthroughs in statistically predicting unconventional well performance, which supported robust investor interface for a $255MM asset backed securitization on Bedrock’s PDP production. ➤ Operational Excellence: As Chief Executive Officer at Bedrock Energy Partners, implemented real-time cost data tracking for field leaders, resulting in a sustained reduction of monthly LOE spend by $750,000, alongside maintaining employee safety and production practices during the COVID-19 pandemic. ➤ Engineering Expertise: As North Dakota Area Engineer at Lime Rock Resources, successfully managed a $125MM capital program in 2017, exceeding all field production expectations, and facilitated the development of interdisciplinary strategies, leading to a 130% increase in field-wide oil and gas production from 2012 to 2015. (e) spencox@gmail.com Show less
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Bedrock Energy Partners
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United States
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Oil and Gas
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1 - 100 Employee
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Chief Operating Officer
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May 2021 - Aug 2023
Successfully boosted investor confidence by navigating a $255MM asset-backed securitization on Bedrock's PDP production, a challenge addressed through comprehensive management of Land, Geology, Reservoir, Field Operations, and Production Accounting departments comprised of over 70 personnel. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬CAREER IMPACTS➤ Slashed base Proved Developed Producing (PDP) production decline to <8% in 2022 from 13% in 2019, by leading an operations team to achieve 100% production automation.➤ Drove a 37% decline in methane emissions since 2019, by establishing a top-tier Environmental, Social & Governance (ESG) approach in the Barnett Shale. Show less
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Co-Chief Executive Officer
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May 2019 - May 2021
Revolutionized operations management by steering the transition to remote work during the COVID-19 pandemic, simultaneously advancing data analytics to predict unconventional well production, ensuring employee safety, and preserving production management standards. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬CAREER IMPACTS➤ Lowered Bedrock's monthly Lease Operating Expense (LOE) spend by $750,000 by developing and delivering a real-time cost data tracker to field-level leaders and operators, sustaining yearly savings. Show less
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Executive Vice President of Operations
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Jul 2018 - May 2019
Revitalized an underperforming Barnett Shale asset, overcoming operational inefficiencies by co-founding Bedrock’s equity-backed Portfolio Team while successfully transitioning field, production accounting, and regulatory systems. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬CAREER IMPACTS➤ Established a sustainable independent upstream Oil & Gas operating company by hiring, onboarding and motivating 30+ employees / 70+ field employees, including Accounting, Land, and Geoscience staff.
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Lime Rock Resources
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United States
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Oil and Gas
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100 - 200 Employee
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North Dakota Area Engineer
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Oct 2016 - Jul 2018
Boosted operational efficiency across the North Dakota Portfolio, overcoming complex challenges as the sole operations member of the Corporate Strategy Team over six years, via strategic management of all capital projects. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬CAREER IMPACTS➤ Exceeded all field production expectations in 2017 by efficiently executing a $125MM capital program while simultaneously overcoming operational challenges for a +/-$200MM program.➤ Executed field-wide development strategies by building a high-performing interdisciplinary team of 3 engineers, 5 operations specialists, and 12 Drilling & Completions consultants. Show less
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Operations Engineer - Value Add Team
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May 2012 - Oct 2016
Transformed operational efficiency and maximized productivity by strategically restructuring and optimizing processes, resources, and communication channels with a 12-person multidisciplinary East Artesia Asset Team responsible for overseeing Lime Rock’s largest New Mexico oil and gas property. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬CAREER IMPACTS➤ Doubled reserves and achieved a 130% increase in field-wide oil and gas production from 2012 to 2015, overcoming operational challenges through strategic planning and efficient resource allocation.➤ Implemented New Mexico's first earthen 110,000-barrel Multi-fluid Well Management Pit, eliminating over 95% of fresh water used in completions through 100% produced water slickwater fracturing.➤ Amplified Lime Rock Resources' stature as one of New Mexico's largest produced water recyclers, overcoming regulatory challenges through constant engineering optimization for 530+ wells.➤ Forged daily collaborations with the Bureau of Land Management and New Mexico Oil and Gas Conservation Division, enhancing operations on State and Federal Lands despite permitting complexities. Show less
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Kinder Morgan, Inc.
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United States
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Oil and Gas
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700 & Above Employee
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Lead CO2 Production Engineer
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Jan 2011 - May 2012
As a Lead CO2 Production Engineer at SACROC Unit, implemented a CO2 recovery project, managed production enhancement projects, and supervised water disposal system expansions. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ CAREER IMPACTS ➤ Successfully recovered previously lost CO2 by developing and executing a field-wide CO2 harvest project, overcoming the challenges of tertiary recovery processes. ➤ Boosted production efficiency by introducing expandable liners, squeeze cementing, and isolation hydraulic packer assemblies, tackling the issue of diverting CO2 into under-processed intervals. Show less
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Discovery Operating Inc
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United States
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Oil and Gas
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1 - 100 Employee
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Production Engineer
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May 2009 - Jan 2011
Appointed as the lead engineering expert in drilling oil and gas wells, with proficiency in multi-stage fracturing, acid treatments, and on-site supervision in the Permian Basin. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ CAREER IMPACTS ➤ Optimized fracture treatments in the unconventional Wolfberry, Wichita Albany, and Wolfcamp formations by utilizing detailed drilling prognosis and shale analysis logs, overcoming challenges in multistage fracturing. ➤ Successfully managed five small oil and gas fields as an active Field Superintendent, employing expert casing design, inspection skills, and on-site supervision of production operations. Show less
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Education
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2005 - 2009
The University of Texas at Austin
BS, Petroleum Engineering -
2013 - 2016
University of Houston-Victoria
Master of Business Administration (MBA), Finance, General -
2018 - 2021
Oregon State University
Bachelor of Science - BS, Computer Science
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