Matthew Klages’s depth of experience and relationships within the energy A&D community will be a key part of Aresco's aggressive expansion efforts in our core areas of interest.
Dallas, Texas (PRWEB) March 14, 2016
Aresco LP, a Dallas-based energy exploration and production company, today announced oil and gas industry professional Matthew J. Klages has joined its executive management team as Senior Vice President. With nearly twenty years of Acquisitions & Divestiture experience, Mr. Klages is charged with helping the company further expand its portfolio of oil and natural gas drilling inventories and producing properties.
“While many companies are choosing to sit on the sidelines in today’s challenging pricing environment, Aresco is looking to buy,” said Brandon Laxton, President and Founder of Aresco LP. “Matthew’s depth of experience and relationships within the energy A&D community will be a key part of our aggressive expansion efforts in our core areas of interest.”
Mr. Klages began his career in the financial sector of the energy industry as Vice President of a large independent oil and gas exploration company. Recognizing an emerging market opportunity, Mr. Klages founded an energy asset management company in 2002 with the objective of purchasing undervalued assets throughout the energy sector. As Founder & President he led the company in opportunity generation, due diligence, financial structuring, valuations and partnership management between industry entities and financial partners. Throughout his 19-year career in the A&D sector, Mr. Klages has successfully completed numerous E&P acquisitions representing over $1 Billion in estimated recoverable oil and natural gas reserves.
About Aresco LP
Aresco LP is a privately held Dallas-based exploration and production company actively engaged in developmental drilling, mineral leasing, and production acquisitions in conventional and unconventional oil plays throughout Texas, Oklahoma, New Mexico, Louisiana, and the entire Gulf Coast region. The company specializes in production-driven projects designed to provide income stability and strong growth potential. Aresco’s asset portfolio provides a strong balance of ownership positions in rapidly developing conventional formations and development projects in proven oilfields with decades of active drilling and production history. To learn more, please visit http://www.arescotx.com.