Trace Holmes

Manager, Business Development - Acquisitions and Divestitures at Sabine Oil & Gas
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Contact Information
us****@****om
(386) 825-5501
Location
Houston, Texas, United States, US
Languages
  • English -
Skills

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Laura Manning

Trace is dedicated to his work. I've had the pleasure of working with Trace on acquisition and due diligence projects. Above all I was impressed with Trace's ability to collaborate and guide his team. Trace was a great example of a true leader with his team in his experience, attention to detail, delegation, communication, and support. Trace is an asset for any organization!

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Credentials

  • Certified Professional Landman (CPL)
    AAPL - American Association of Professional Landmen
    Dec, 2022
    - Nov, 2024
  • Certified Professional Lease and Title Analyst (CPLTA)
    NALTA - National Association of Lease and Title Analysts
    Jun, 2015
    - Nov, 2024
  • Registered Professional Landman (RPL)
    AAPL- American Association of Professional Landmen
    Jun, 2014
    - Nov, 2024
  • Attorney and Counselor at Law
    State Bar of Texas
    May, 2011
    - Nov, 2024

Experience

  • Sabine Oil & Gas
    • United States
    • Oil and Gas
    • 100 - 200 Employee
    • Manager, Business Development - Acquisitions and Divestitures
      • Jan 2022 - Present

      Responsible for providing legal knowledge, research and coordination of land issues dealing with drilling and operations in the Company’s focus areas of East and South Texas. Works with the General Counsel to manage and coordinate corporate legal matters and manage upstream oil and gas agreements. Drafts, reviews and edits joint development and operating agreements, purchase and sale agreements, leases, assignments, exhibits, title opinions, confidentiality/non-disclosure agreements, and farmins/farmouts. Responsible for corporate governance by overseeing compliance and company approvals of operations and decisions through delegation of authority process. Researches leasing statuses, land rights, and regulatory requirements for existing production activities, exploratory activities and new opportunities. Negotiates and manages leasing and purchase terms and conditions with landowners/operators. Conducts review of title and determines availability for mineral buying and leasing. Provides land support of multi-rig horizontal drilling. Reviews drilling programs and results. Reviews and prepares JIBs and AFEs. Reviews gas marketing agreements. Collaborates with govt. agencies and utilities. Provides input and actively participates in discussions regarding company growth in the United States. Consults with financial advisors for M&A. Performs business development, gathers market information, and attends industry events. Manages and leads company acquisitions and divestitures. Successfully closed multiple A&D transactions. Oversees due diligence process and coordinates process with each company department. Prepares PowerPoint presentations and reports that documents the leasing and negotiation process, A&D updates, market updates, company communications with investment banks/consulting firms/law firms and provides information to the CEO, CFO, Asset Managers and Osaka HQ daily/weekly. Contact point for external land and BD consultants. Show less

  • Osaka Gas USA
    • United States
    • Utilities
    • 1 - 100 Employee
    • Land Manager - Osaka Gas USA; Manager, Business Development - Sabine Oil & Gas
      • Nov 2018 - Present

      Played a key role in helping lead Osaka Gas to acquire Sabine Oil & Gas in an asset transaction in 2018 (35% of assets in Panola and Harrison Counties) and a corporate transaction in 2019 (entire company including all assets, personnel, physical offices and equipment). After the successful acquisition, became an important part of integrating the Osaka and Sabine employees, increasing the company value, and improving the quality of the assets. Responsible for providing legal knowledge, research and coordination of land issues dealing with drilling and operations in East and South TX. Researches leasing status, land rights, and regulatory requirements for existing production activities, exploratory activities and new opportunities. Negotiates and manages leasing terms and conditions with landowners/operators. Reviews drilling programs. Reviews JIBs and AFEs. Reviews gas marketing agreements. Consults with financial advisors for M&A. Actively participates in discussions regarding company growth in the US. Performs business development, gathers market info. and attends industry events. Performs due diligence and reviews tax / deed maps. Collaborates with govt. agencies and utilities. Conducts review of title and determines availability for leasing and applicable regulatory guidelines. Responsible for the acquisition and divestiture of assets. Drafts, reviews and edits pooling agreements, joint development and operating agreements, production sharing agreements, exhibits, leases, title opinions, assignments and purchase and sale agreements. Verifies accuracy of land docs and records; manages lease expiration and extensions. Responsible for implementation and on-going operation of land/lease system. Updates accounting and other departments; provides info. to ensure expenditures are properly billed out and collected. Ensures lease compliance. Contact point for external land consultants. Develops and conducts presentations for executive management in the US and Japan. Show less

  • Oxy
    • United States
    • Oil and Gas
    • 700 & Above Employee
    • Team Leader Land / Senior Landman
      • Apr 2017 - Nov 2018

      Responsible for analyzing, preparing, and reviewing agreements including leases, farm-outs, assignments and operating agreements required for drilling wells to evaluate and/or develop acreage managed by asset teams. Managed acquisition and divestiture projects through due diligence and analysis of title and ownership data. Recommended changes and improvements to company processes and functions. Managed multiple in-house employee and contract Landmen on several projects. Met with senior managers to review and update asset areas in order to ensure data integrity and proper mapping. Primary area of responsibility was West Texas and New Mexico: Permian - Midland, Central and Delaware Basins. Obtained and reviewed necessary title examination and curative documentation. Reviewed newly acquired oil and gas leases and associated legal instruments to assure the purchase of valid leases and identify obligations. Established and maintained accurate oil and gas contract records to assure the continued validity of leases and compliance with contract terms. Evaluated acreage and interest information and performed calculations to determine company gross and net acres for quarterly and yearly reporting purposes. Reviewed producing leases for well status and if production ceased, advised asset teams of what was required to maintain the lease. Proficient in Quorum Land Suite (QLS). Show less

  • Range Resources
    • United States
    • Oil and Gas
    • 400 - 500 Employee
    • Senior Land / Lease Analyst
      • Sep 2014 - Apr 2017

      Managed the acquisition, development, maintenance and divestiture of the company’s land positions in East Texas and North Louisiana, including minerals, surface, and leasehold. Responsible for analyzing, interpreting and inputting various contracts including Oil and Gas Leases, Joint Operating Agreements, Purchase and Sale Agreements, Surface Use Agreements, Right of Way Agreements, etc. into the land software system. Analyzed title opinions and ownership reports to determine what curative documents were needed to establish marketable title, and prepared or obtained necessary curative documents. Prepared instruments and associated exhibits. Researched, organized, and prepared information related to leases and wells included in multiple units. Calculated mineral and royalty interest, working and net revenue interest, and other important associated land related interest. Evaluated acreage and interest information and performed calculations to determine company gross and net acres for reporting purposes. Reviewed, updated and/or terminated lease acreage and corrected the status of leases such as developed, undeveloped, non-producing, held by production, etc. Ran land summary reports. Supervised a team of Landmen performing due diligence on an East Texas acquisition. Identified, reviewed, and corrected pertinent information in regards to company acquisitions by analysis and interpretation of mineral owner and lease purchase reports, title opinions, assignments, and joint operating and purchase and sale agreements. Advised team members and brokers of needed curative work. Proficient in P2 BOLO and Horizon land management software. Show less

  • Holland Land Resources
    • United States
    • Oil and Gas
    • 1 - 100 Employee
    • Landman / Legal Counsel / Project Manager / Business Development
      • May 2011 - Sep 2014

      Provided multiple levels of support to oil and gas exploration & production companies. Helped clients in identifying and acquiring leasehold acreage, abstracting and curative for title, due diligence for acquisitions, and land administration. Proficient in Quorum Land Suite (QLS) and iLandman. Drafted, reviewed, and negotiated Master Service Agreements (MSA) and Confidentiality Agreements (CA). Reviewed various types of contracts including: Leases; Joint Operating Agreements (JOA); and Purchase and Sale Agreements (PSA). Performed detailed review and updates of Title Opinions. Accurately compiled runsheets, mineral ownership reports, and checked leasehold title under strict deadlines. Skilled at deed plotting metes and bounds descriptions. In-House Landman experience includes work in East and South Texas, the Permian Basin, New Mexico, and the Utica, Marcellus, and Niobrara shale plays. Experience as a Field Landman includes East Texas and in South Texas working the Eagle Ford. I performed land work in Texas, New Mexico, Colorado, Ohio, Pennsylvania, and West Virginia. Coordinated efforts in 2012 for the opening of Holland’s Western Regional Headquarters in Houston. Hired and managed dozens of employees/contractors. Able to attract quality workers, train, effectively manage and keep them motivated. Skilled at resolving conflicts and making ethical decisions in resolution of issues. Performed integral role in Business Development associated with developing new and existing clients in Houston. Show less

  • Bailey Cowan Heckaman PLLC
    • United States
    • Law Practice
    • 1 - 100 Employee
    • Law Clerk
      • Jun 2009 - Nov 2010

      Determined causes of action, examined legal issues and facts, filed petitions, pleadings, and prepared cases. Researched and analyzed legal sources to prepare briefs for approval, review, and advance use by senior attorneys. Determined causes of action, examined legal issues and facts, filed petitions, pleadings, and prepared cases. Researched and analyzed legal sources to prepare briefs for approval, review, and advance use by senior attorneys.

  • International Currency
    • Beaumont/Port Arthur, Texas Area
    • Currency Specialist
      • Jan 2003 - Jan 2007

      Sold precious metals including gold, silver, and platinum coins and bars to clients nationwide looking to diversify their investment portfolios and achieve their financial goals. Sold precious metals including gold, silver, and platinum coins and bars to clients nationwide looking to diversify their investment portfolios and achieve their financial goals.

Education

  • South Texas College of Law
    Doctor of Law (J.D.), Law
    2007 - 2010
  • Lamar University
    Bachelor of Business Administration (BBA), Business Administration and Management, General
    1999 - 2003

Community

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