Home/About - Pennington Energy is an independent oil and gas company specializing in acquiring oil and gas leases in the core of the Midland Basin through organic and proprietary leasing methods. With over 65 years of combined industry experience, Pennington Energy's core competencies in Texas land title allows its management team to identify unleased interests in producing or developed acreage and take investor capital directly to landowners to acquire oil and gas leases. Since its inception in September of 2017, Pennington Energy has acquired oil and gas leases covering hundreds of net mineral acres from formerly unleased mineral owners with interests in more than 60 producing or drilled but uncompleted Hz wells.
Management Team - Pennington Energy is managed by its Board of Directors:
Garrett W. Pennington - Garrett W. Pennington is Co-Founder and Director of Pennington Energy. Prior to joining Pennington Energy, Mr. Pennington served on Brigham Exploration Company's management team as head of Land and Business Development. Mr. Pennington was a solo practicing attorney for 5 years and focused on the preparation of title opinions, acquisition and divestiture due diligence and drafting and negotiating energy related legal documents. Mr. Pennington represented oil and gas exploration and production companies, non-operators, landowners and private equity companies. He has been hired as an expert witness in oil and gas litigation involving title controversies, assisted local counsel in mineral receivership proceedings and represented landowners in litigation related to mineral and royalty ownership disputes. He began his oil and gas career as a field landman.
Mr. Pennington is licensed to practice law in the state of Texas and received a J.D. from Baylor Law School and received a B.A. from Rice University.
Laurance Narbut - Laurance Narbut is the Managing Partner and Chief Investment Officer for Acceleration Resources, LLC. From 2004 to 2013, Mr. Narbut was a portfolio manager at Passport Capital, LLC, where Mr. Narbut co-managed the investment management process for the energy sector, focused on exploration and production companies. Mr. Narbut was a Principal at Richmond Financial LLC, from 2001 to 2003, specializing in public and private equity and before that, served as an Associate at Sun Capital Partners from 1998 to 2000.
Mr. Narbut received an M.B.A. from Harvard Business School in 1998 and in 1994 he earned a B.S. in Economics, Cum Laude, from The Wharton School and a B.A. in Regional Science from the University of Pennsylvania. Mr. Narbut is a past president of the Phillips Exeter Academy Alumni Association of Northern California and serves as a senior member of the Guardsmen, whose mission is to make life-changing difference in the lives of at-risk youth.
David Christianson - Lawyer & former VP, Land and Negotiations for Kerr-McGee and
Contact Us -
Address: 1801 Red Bud Lane, Suite B-184 Round Rock, Texas 78664
Phone: (361) 649-7757