Samuel T Bacot, CPL

Oil and Gas Landman

Specialties & Experience of this Expert Witness

Additional Information

Certified Professional Landman with over 20 years experience Education: 2001 Louisiana State University, E.J Ourso College of Business: Bachelor of Science in Finance, with a Minor in Internal Auditing Seak: How to start, build and run a successful expert witness practice Seak: How to Excel at Your Expert Witness Deposition Professional: • Qualified in the United States Western District Court and in the Louisiana State District Court as an Expert Witness specific to the record title analysis and ownership, financial analysis of production revenue as same relates to ownership and title, prudent operator standards of the Oil and Gas industry, overriding royalties, leases and working interests. • Guest lecturer at the University of Houston Law Center on Due Diligence and the acquisition of oil and gas assets. Member of AAPL, HAPL, BRAAPL Experience: Recoil Resources July 2016-Present Vice President of Land and Business Development • Successfully raised $102M in private equity funding to form Recoil Resources • Managed all aspects of the acquisition and development of a contiguous acreage position consisting of 77,000 acres with 99.8% working interest in South Texas through organic leasing (580 contracts covering 37,000 acres), Operated asset acquisitions (12 closings covering 1660 individual contracts and 40,000 acres) • Successfully divested the acreage position to 2 companies (public and private) in 5 closings for over $220M • Negotiated favorable contracts at below market bonus and royalty rates which allowed for the creation of the Pura Vida Overriding Royalty Asset that sold for $8.5M • Conducted all phases of acquisition, preparation and permitting for 84 horizontal well locations • Reported on all land related functions, budget forecast, and operations in quarterly investor meetings • Tracked and reported all material functions of multiple projects directly to the CEO and Equity Partners • Responsible for all land related accounting and reporting functions to assist the CFO and Controller in preparation of year end audits, quarterly reports, monthly updates, and biannual redeterminations of our credit facility • Coordinated with outside counsel to resolve legal disputes, prepare title opinions, negotiate and prepare complex purchase and sale agreements, joint ventures documents, financing agreements, and gas marketing agreements • Maintained and acquired surface rights to ensure operational needs were met (drilling locations, roads use agreements, pipeline rights-of-way, water purchase, and electrical easements) • Maintained an extensive network of landmen, mineral brokers, investment bankers, attorneys, and vendors. • Lead all land functions related to day-to-day operations including but not limited to, negotiating and approving landowner agreements (all types), directing title preparation, surveying, permitting, and curative • Directed and coordinated multiple teams with key internal resources/disciplines such as Engineering, Development/Planning, Drilling, Operations, Field Construction, Regulatory permitting and compliance, and Midstream to ensure the alignment of asset goals and initiatives throughout the lifecycle of the asset • Site selection of prospective land assets for potential acquisition within geologic and geographic parameters • Lead and directed negotiations with landowners, and other stakeholders to secure land rights and agreements for the development of company assets • Ensured compliance with legal, environmental, and regulatory requirements throughout all phases of the planning, construction, and development of company assets by working with multiple municipalities, county officials, state and federal regulatory bodies • Performed all phases (planning, environmental, acquisition, permitting, and construction) of an 18-mile sour gas (h2s) pipeline, that increased asset economics and increased our ESG score by eliminating flaring