Our Strategy
Common Sense, Purpose-Driven
Society is demanding more energy solutions for a low carbon future.
The Black Bear Energy Resources strategy is purpose-driven to meet this challenge by responsibly extracting oil and natural gas to meet current domestic energy needs. This strategy allows us to be responsible and competitive when prices, policy, technology and customer preferences are rapidly changing.
The company selectively analyzes the assets we acquire. Our primary focus is near-term, highly scalable oil and natural gas projects that provide short-cycle returns for shareholders.
Our experience, expertise and balanced portfolio embrace the energy transition with a solid basis for investors.
Our Ethos
People
The Black Bear Energy Resources team comprises highly experienced, disciplined professionals with years of best-in-class successful industry experience.
Performance
We are flexible without organizational complexity. We have streamlined operations, efficient delivery of products to market, and cost-conscious capital management. We are not afraid to say "no", while others may cut corners on the quality of work and/or compromise the bottom line.
Profit
Black Bear Energy Resources is proven, responsive, cohesive, and profit-driven. We focus on EBIDTA and closely monitor capital and operational expenditures.
"Our strategy, coupled with our expertise and balanced portfolio approach, provides a solid basis for investors while meeting energy needs responsibly." ~ Tony Mason, Founder and CEO
How We Approach Risk
The Black Bear Energy Resources approach to risk is comprehensive.
We seek to mitigate risk based on scrutiny of detailed reserve reports, 3rd party analysis, evaluation of technical processes, and the use of 3rd party external consultants.
We operate transparently and communicatively with all partners involved.
Our business model looks at proven, producing assets, not speculative exploration projects.
We mitigate operational risks with a rigorous review of all assets, reserve summaries, seismic, and associated technical data. In addition, we employ great care and thoroughness in all dimensions of operations and the people with whom we work.
Equally, we mitigate financial risk and exposure through carefully orchestrated development plans and ongoing scrutiny of CAPEX and OPEX.
We Are Hands-on Operators
Black Bear Energy Resources management has been drilling and completing wells in various US, Australian, Russian, and Asian markets. We also know there is no substitute for being on the ground and being involved with daily operations.
We continuously:
- Seek out low-cost acquisition with maximum working interest with simple, shallow, productive formations
- Control drilling and completion costs to maximize return to investors
- Evaluate processes and infrastructure to get the product to market responsibly
- Utilize state-of-the-art technology and remote monitoring for safety, drilling, completion, and facilities management
- Hire best in class people both in the local markets and those with targeted, international expertise
"We know there is no substitute for being on the ground and involved with daily operations." ~ Tony Mason, Founder and CEO