Point Energy Partners, a Fort Worth-based private oil and gas exploration company, announced this week the promotion of Jay Brenner to senior vice president of operations. The company also announced the additions of Joel Acosta as senior vice president of operations, and Cameron Boyd as vice president of operations.
Founded in 2017 by CEO Bryan Moody and CFO John Sabia, Point Energy is focused in the Delaware Basin with an active drilling program and has assembled more than 15,000 gross operated acres in Loving and Ward counties. The company continues to explore growth opportunities including bolt-on acquisitions surrounding their existing acreage in the core of the Delaware Basin.
“I am delighted to have these three engineering experts with Point Energy and am confident they will help optimize and accelerate the ‘full stack’ development on our core Texas Delaware Basin leases and minerals,” says Moody in a statement. “With Joel Acosta leading our drilling and construction, Jay Brenner leading our completions and production optimization and Cameron Boyd leading our facilities and field operations, there is no other team I would rather have in the Delaware Basin.”
Point Energy is backed by an equity commitment from Vortus Investments, a Fort Worth-based private equity firm focused on the lower middle market upstream energy industry in North America. Vortus has an asset-based investment strategy, targeting privately negotiated transactions in the lower to middle market requiring approximately $25 million to $100 million of equity capital in partnership with successful owner/operators.
Brenner joined Point Energy in 2021 as vice president of operations, where he leads the company’s completions, water recycling, and production operations efforts. Brenner’s 10 years of experience has been almost completely focused on the Delaware Basin, where he led the completions teams for RKI Exploration & Production, WPX Energy, and Devon Energy. Additionally, he has led field superintendents, water recycling, and reservoir engineering, all of which contribute to the breadth of experiences needed to lead Point Energy as SVP of Operations.
Acosta joins Point Energy with more than 16 years of drilling and operations experience in the Delaware Basin. Most recently, he was vice president of operations for Crescent Consulting, where he teamed with other operators to design, drill, and operate wells throughout the country with a focus on Texas, Oklahoma, and New Mexico. Prior to Crescent Consulting, Acosta worked at SandRidge Energy, RKI Exploration & Production, and WPX Energy where he managed their respective drilling programs, running as many as 26 rigs and leading teams of engineers and superintendents. Acosta is particularly adept at managing large capex budgets while striving to control and lower development costs.
Boyd joins Point Energy with more than 18 years of experience in engineering roles focused on facilities, process engineering, material science, and technical safety engineering. Boyd has more than 10 years of experience with Petrofac Facilities Management where he most recently served as director of engineering, focused on designing, building, and managing facilities in the Permian Basin. He brings additional experience leading offshore platform facilities modifications, decommissioning and technical safety programs.