Upon his departure, Luxe Minerals had material cash flow and a healthy balance sheet. As President of Luxe Minerals, Williams grew the company to a core 15,000 net royalty acres in the Permian Basin. While a significant portion of his background is in energy finance, Williams most recently served in executive officer roles in partnership with Luxe Energy and Luxe Minerals. Williams has a long and demonstrated history in the energy industry. We see these additions as analogous to the 1990 Dallas Cowboys trifecta of Aikman, Irvin and Smith we are on track to win some championships," said Smith. "We are especially pleased to have Davis Walker and Tyler Thomason round out our operations team with Ted. To support this anticipated drilling activity, Williams has begun building out the company’s operations team, most recently adding Davis Walker as Vice President of Exploration and Tyler Thomason as Vice President of Operations. EnCore currently has approximately 10,000 acres of horizontal drill-ready assets in the Midland and Delaware Basins. The company has quickly grown and transitioned those strategies into an upstream exploration and production company. Smith and Josh Lorenz as a successor to PetroLima, LLC, EnCore began as a leasehold and mineral acquisition firm investing more than $200 million in the purchase of over 33,000 acres across 100 deals. “I look forward to continuing to expand upon EnCore’s proven track record of success, assembling a best-in-class operations team to position us as a premier E&P partner in the Delaware and Midland basins, and beyond.”įounded in 2017 by J.D. “I am thrilled to have partnered with EnCore and joined their leadership team,” said Williams. We are confident that Ted’s new role as Partner and COO of EnCore will be a key component as we build on our successful track record and execute on powerful strategic initiatives in one of the leading oil and gas development regions in the U.S., the Permian Basin.” “Ted has an extensive background in A&D, minerals, upstream exploration, and working within leadership teams to transact and grow in a fast-paced, entrepreneurial environment. Smith, EnCore Permian Chief Executive Officer. “We are at a pivotal point in our journey and excited about our future as we continue to capitalize on opportunities to successfully transition into a leading E&P operator,” said J.D.
As part of this transition, EnCore will deploy its first rig in north Reeves and Culberson counties at the end of this year. Williams is responsible for building out and leading EnCore’s growing operations department, as the company makes a material transformation from a historically transactional leasehold and mineral acquisition firm, to an oil and natural gas exploration and production company. MIDLAND, Texas-( BUSINESS WIRE)-Midland-based EnCore Permian (EnCore) announced today that Ted Williams has joined the company as Partner and Chief Operating Officer (COO).
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