Submitted
Endeavor Energy Holdings (Endeavor), an Africa-focused independent power generation company backed by Denham Capital, has appointed Brian Herlihy as Chief Executive Officer, with immediate effect. Herlihy brings 20 years’ experience in the broader energy and infrastructure sectors during which time he has accumulated significant industry and managerial expertise, as well as a strong track record in Africa. He has been involved in over USD7 billion of project finance-related deals in Africa since 2007. Prior to joining Endeavor, Herlihy was Managing Director for InfraSalience, a carbon capture company which built its first demonstration plant in South Africa. Herlihy has also successfully founded a number of Africa-focused businesses, including Black Rhino in 2012, a company focused on greenfield infrastructure projects in the power, oil and gas sectors, and SEACOM in 2007, a USD600 million submarine fibre-optic network company which built the first cable to connect East and South Africa to Europe and Asia. Herlihy holds an MSc in Development Studies with a concentration in African Economics from the London School of Economics, and a BA in Economics and Philosophy from Boston College. He serves on the foundation and advisory committees for Africa Leadership University and the VAD Foundation, and is a co-founder of the AllAfrica Foundation, which aims to advance sustainable development in Africa. Herlihy was elected a Young Global Leader by the World Economic Forum in 2011. Justin DeAngelis, Partner at Denham Capital, says: “We are delighted to welcome Brian to the Endeavor Energy team. His innovative and entrepreneurial skillset, as well as his proven ability to build successful businesses make him perfectly placed to lead Endeavor in its next chapter of growth. Brian’s cross-sector expertise and his knowledge of the African market are impressive, and we look forward to working alongside him and the rest of the Endeavor team to further develop Africa’s power sector, underpinning economic growth in the region.” 
 
Brian Herlihy, CEO at Endeavor Energy, adds: “Accelerating the development of African infrastructure and championing socio-economic growth across the continent is my major motivation. Endeavor Energy shares this ambition, and I am excited to lead the business and further solidify its role as a leader in Africa’s power sector. With 12 years of direct operational experience in Africa and a dynamic background spanning multiple industries, I am confident that I will help deliver Endeavor’s strategy to develop, acquire, finance, construct, own, and operate power generation projects in Africa.”

Endeavor Energy appoints new Chief Executive Officer

DobiMigrate Enables Move of All Operations and Production Workflows, as well as Corporate File Storage, to New Colocation Facility
April 20, 2021 08:00 AM Eastern Daylight Time
LEUVEN, Belgium--( BUSINESS WIRE )-- Datadobi , the global leader in unstructured data management software, announced today that Endeavor Energy Resources, L.P. (“Endeavor”), a premier exploration and production (E&P) company, and one of the largest private oil producers in the United States of America, has selected DobiMigrate to enable and accelerate the move of Endeavor’s production workflows to a new, modern colocation facility. “During my tenure, over the past six and a half years, Endeavor has enjoyed tremendous success and growth. As a result, Endeavor was rapidly outgrowing its current data center, and much of the company’s hardware had reached end-of-life,” said Jim Green, IT Operations Manager for Endeavor. “After careful evaluation of viable alternatives, Endeavor determined a move to a colocation facility would not only provide improved service levels but also meet Endeavor’s goal to modernize its IT infrastructure and capabilities, while meeting its budgetary objectives.”
“The next decision was how to enable the fastest, most accurate move to the new location,” Green continued. “Not long ago, I managed a data migration using a different tool. It took me about a month to move approximately 13 TBs of data. It was not only time consuming, but also very labor intensive in that I had to micro-manage the entire process - from attaching every copy to managing permissions to touching every folder individually, and everything in between. This time, I knew I needed a better solution as I had the added challenge of having considerably more data to move.”
Green’s trusted solutions provider and advisor, Dell, then suggested he consider DobiMigrate. After a careful evaluation, Green found that DobiMigrate would allow him to migrate file or object data between any storage platform, on-premises or between clouds – safely, quickly, easily, and cost effectively. This was critical in that he was moving his entire operations and production workflows, as well as his corporate file storage, to the new colocation facility. His eventual goal is to increase his cloud presence. Green concluded, “Datadobi’s solution is tailor-made for Endeavor’s needs. It moves everything. I can control the cutover dates. It maintains the permissions and shares, and does the cleanup -- everything I had previously done manually. With DobiMigrate, I will be able to meet my goal to move everything in seven days or less.”
When Endeavor is ready to move any of its data and operations to the cloud, DobiMigrate will enable it to do so seamlessly, while enjoying identical management and protection capabilities. Datadobi’s capabilities around compliance, such as its chain-of-custody verification, was another selling point. “Endeavor Energy Resources, L.P. recognized that in order to move its disparate unstructured data, including, everything from office documents to highly detailed geological data, DobiMigrate was the solution that satisfied all of its requirements,” said Paul Repice, Vice President of Sales for the Americas, Datadobi. “Now, Jim and his team can get back to enabling and supporting Endeavor’s continued innovation and competitive differentiation that has led to it become a top-tier Midland Basin horizontal operator and one of the largest private oil producers in the United States of America.”
About Endeavor Energy Resources, L.P.
Headquartered in Midland, Texas, Endeavor Energy Resources, L.P. has more than 35 years of experience in the Midland Basin of Texas and over 1,300 valued employees. Holding more than 370,000 net acres primarily in Midland, Martin, Howard, Glasscock, Upton, and Reagan Counties, Texas, Endeavor currently has the second largest land position in the Midland Basin of Texas. In 2016, Endeavor implemented a new horizontal drilling program and has completed more than 350 gross operated horizontal wells with current daily oil production in excess of 130,000 barrels of oil per day. Along with other acreage in the Delaware Basin of Texas and New Mexico and other states, Endeavor has only scratched the surface of its drillable inventory. To learn more, please visit: https://www.endeavorenergylp.com/ . About Datadobi
Datadobi, a global leader in data management and storage software solutions, brings order to unstructured storage environments so that the enterprise can realize the value of their expanding universe of data. Their software allows customers to migrate and protect data while discovering insights and putting them to work for their business. Datadobi takes the pain and risk out of the data storage process and does it exponentially faster than other solutions at the best economic cost point. Founded in 2010, Datadobi is a privately held company headquartered in Leuven, Belgium, with subsidiaries in New York, Melbourne, Dusseldorf, and London. For more information, visit www.datadobi.com , and follow us on Twitter and LinkedIn . Forward Looking Statements
This release includes statements regarding Endeavor and its operations and business that may contain forward-looking statements within the meaning of United States federal securities laws. Endeavor believes that its expectations and forecasts are based on reasonable assumptions; however, no assurance can be given that such expectations and forecasts will prove to be correct. A number of factors could cause actual results to differ materially from the expectations and forecasts, anticipated results or other forward-looking information expressed in this release, including risks and uncertainties regarding future results, capital expenditures, liquidity and financial market conditions, sufficiency of cash from operations, adverse market conditions and governmental regulations.

Endeavor Energy Resources Continues to Modernize its Operations with Datadobi

According to a Bloomberg News report Tuesday, Royal Dutch Shell PLC (NYSE: RDS-A) is negotiating to buy privately held Endeavor Energy Resources for about $8 billion. If the deal is consummated, Shell would acquire drilling rights to around 329,000 acres in the Permian Basin’s Midland Basin. Rumors surfaced late last month that Exxon Mobil Corp. (NYSE: XOM), Chevron Corp. (NYSE: CVX) and ConocoPhillips (NYSE: COP) also were considering making an offer for Endeavor, but Bloomberg cited a source who said the three have lost interest in doing so. At $8 billion, Endeavor appears to be a bargain. Earlier discussions had suggested a price of $15 billion for the firm owned by Texas oilman Autry Stephens and his family. Collapsing oil prices have reduced Endeavor’s value, and it’s not clear whether the 80-year-old Stephens would be willing to part with the firm he built from scratch for the lower amount. Stephens also reportedly wants to retain a substantial portion of the mineral rights to Endeavor’s acreage that would yield royalty payments when the acreage is drilled. Less than 2% of Endeavor’s Midland acres have been developed using the horizontal drilling techniques that have transformed the United States into world’s top producer of crude. In August, Endeavor reported second-quarter daily net production of 64,300 barrels of oil equivalent a day, of which 71% was oil, a year-over-year increase of 64%. Lease operating expenses dropped to $10.84 per barrel, a 19% improvement from the prior year. Exxon, Chevron and Shell all have planted stakes firmly in the Permian Basin and, according to industry analysts at Rystad Energy, these supermajor oil companies could lift their Permian production by 300% by 2030. All three have invested heavily in drilling in the basin, and all three have had major success. Exxon and Chevron doubled their production in the first nine months of this year, and Shell lifted its production by 80% in the same period. Together, these three giants account for 11% of all unconventional (horizontal drilling and fracking) production in the Permian. The big advantages that these supermajors have are efficient cost structures and economies of scale that enable them to make a profit even when crude oil prices are low. And where smaller producers have to high-grade their drilling by poking holes in locations that promise to yield the most oil, the big boys have high-graded less than half their Permian wells. Besides Stephens’s desire to hold onto mineral rights for the Midland acres, there are a couple of other things that give Shell pause. The company is still paying off debt from its $50 billion acquisition of BG Group and already holds 280,000 acres in the Permian through a joint venture with Anadarko Petroleum Corp. (NYSE: APC). According to the company’s fact sheet, Permian production totaled around 39,000 gross barrels a day. The only other North American shale play the company owns is its 225,000 net-acres Fox Creek project in the Duvernay play of Alberta. The company produces some 119,000 barrels a day at Fox Creek. Adding more than 64,000 Endeavor barrels would raise production by around 40%. This would be a very good pickup for Shell, or any other of the major oil companies. The trick is going to be prying Endeavor out of the hands of Autry Stephens.

Is Shell About to Spend $8 Billion to Double Its Permian Basin Acreage?

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Σε συζητήσεις για την εξαγορά της Endeavor Energy Resources LP έναντι 8 δισ. δολαρίων βρίσκεται η Royal Dutch Shell, αναφέρει το Bloomberg, επικαλούμενο πηγές που δεν κατονομάζει. Οι συζητήσεις μεταξύ των δύο εταιρειών δεν βρίσκονται ακόμη σε προχωρημένο στάδιο, τονίζει το Bloomberg, προσθέτοντας ότι ο ιδρυτής της Endeavor, Autry Stephens, έχει εκφράσει μια επιθυμία να διατηρήσει ορισμένα δικαιώματα σε σχέση με τα ορυκτά, περιπλέκοντας τις συνομιλίες. Διαβάστε ακόμα για:

Shell: Συζητά την εξαγορά της Endeavor Energy έναντι 8 δισ. δολαρίων

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