Houston 2019-10-02 SPEE Chapter Luncheon Meeting - Speaker: Vignesh Proddaturi

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Non-Op’s Evolving Role in a New Era

Vignesh Proddaturi, Co-Founder, Glendale, will be speaking on  "Non-Op's Evolving Role in a New Era”.

When:  Wednesday, October 2, 2019 
Where: Petroleum Club - Aramco Room A
              1201 Louisiana Street
Luncheon starts:        11:30am. (A plated lunch will be served.)
Presentation begins: 12:00pm

Online Registration Cost:  A singular price of $35 per person will be collected for Members and/or $45 for Non-Members/Guests if paid by credit card in advance.  If paying at the door, an additional $10.00 surcharge will apply to walk-ins or late registration.

Please RSVP by Noon CST Friday, September 30, 2019


As investors push producers toward a cash flow neutral state, the demand for partnership capital to allow operators to achieve full-scale development plans is robust. With increasingly limited access to stable capital, the upstream space has seen an increase in firms looking to partner with top-tier operators from a non-operated perspective. As capital efficiency remains at the forefront of concerns for banks and investors alike, discipline will play a key role in value creation. This talk discusses how we got here – spacing issues, leverage levels and pricing pressures – and the opportunity it presents for non-op and new entrants.

Speaker Bio.: 

Vignesh is a co-founder of Glendale, an upstream oil and gas company based in Houston, Texas that was formed to make direct asset level investments in upstream oil and gas assets. Is is focused on de-risked US onshore resource plays and typically access assets through asset level acquisitions (leasehold and minerals); drilling joint ventures and farm-ins.  Prior to co-founding Glendale, Vignesh was a Partner at Millennial Energy Partners where he led Millennial’s entry into the STACK play. During his tenure at Millennial, Vignesh secured significant private equity investments leading to direct participation in the acquisition and drilling across most major unconventional plays in the US.  Prior to Millennial, he was Head of Reserves at Legend Natural Gas and a key member of the team involved in the merger of Legend and KKR Natural Resources.  Prior to Legend, Vignesh was the Manager of Reserves and Economics at Seneca Resources and was the Reservoir Engineering Manager at both Milagro Exploration and Sabco Oil and Gas.  He started his oil and gas career at Intertek Westport as a Petroleum Engineer performing special core analysis.  Vignesh earned a B.S. in Mechanical Engineering from Osmania University, an M.S. in Petroleum Engineering from New Mexico Tech and a M.B.A. with specialization in Energy Investment and Finance from the University of Houston.  He is a Registered Professional Engineer in the State of Texas and was named one of Oil & Gas Investor’s Top 30 Under 40 Leaders in 2015.

No refunds are available if advanced registration is made online. However, if you are unable to attend, you may send someone else in your place. They must bring a copy of this receipt with them.

Special Meal Request: The Petroleum Club is now charging SPEE for special meal requests if made the day of our meeting. If you have special dietary restrictions (allergies, religious, etc.), please email BK at bkspee@aol.com with your special meal request on or before the registration deadline and we will include your request when we guarantee our attendance number with the Petroleum Club. If you request a special meal after the registration deadline, there will be an additional $20.00 surcharge for your registration.

Menu: Spinach Salad w/ranch dressing, Honey crusted roasted chicken, Ice cream pecan ball with sauces

For additional information, please contact:

Ed Butler
2019 Chairman SPEE Houston Chapter


For event registration issues, please contact:
Rhonda Gathers

October 2nd, 2019 11:30 PM
1201 Louisiana Street
Houston, TX 77022
United States
Voicemail: (713) 659-1431
Member $ 35.00
Non-Member $ 45.00
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