Kaes has worked at Diamondback Energy since July 2016 in various roles and as President and CFO since February 2022. Prior to that, he was CEO of Bison Drilling and Field Services in Midland, TX from September 2012 to June 2016. He began his career at Citigroup as an investment banking analyst, and worked for Wexford Capital prior to joining Bison.
On this episode, Chris and Kaes discuss:
- Learning the Oil & Gas business
- A timeline of Diamondback Energy
- The Permian Basin
- How to get people to love Oil & Gas again
Links
Diamondback Energy - https://www.diamondbackenergy.com/
Kaes on Twitter - https://twitter.com/KVanthof
Topics:
00:00:00 - Intro
00:00:51 - Kaes’ career & tennis
00:08:57 - Learning the Oil and Gas business
00:16:15 - Building Windsor
00:26:05 - High yield vs. investment grade businesses
00:31:16 - Diamondback’s merger with Energen Resources
00:34:14 - Experiences during Covid
00:39:08 - How do you source deals?
00:42:27 - The 2021 market
00:45:39 - Hedging
00:46:59 - Thoughts on the Permian basin
00:49:26 - Being a low-cost producer
00:52:29 - Learning to manage people
00:54:06 - Thoughts on the $60b Pioneer acquisition
00:55:59 - Is there a way to make people love Oil & Gas again
01:01:26 - This business is a trade
01:03:49 - Are investors coming back into the space?
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