KABIR ABUBAKAR
Dallas,TX
Summary
Dynamic engineering leader with a proven track record at Baytree Energy Group, driving over $2B in asset evaluations. Expert in financial modeling and strategic planning, I excel in communication and leadership, achieving 100% reserve replacement while enhancing production rates significantly. Proficient in PHDWinTM and IHS Harmony Suite, I deliver impactful results in high-stakes environments.
Overview
26
26
years of professional experience
1
1
Certification
Work History
Vice President, Engineering & Business Development
Baytree Energy Group
Dallas, TX
01.2022 - Current
- Founding team member in on-going asset evaluation & acquisition process that has resulted in over $2B of evaluated bid offers
- Conducted petroleum economics and business case studies for multiple divestment market assets, enhancing decision-making processes
- Modeled financial viability of projects against structured bank debt and equity obligations, informing investment strategies
- Forecasted production, assessed OPEX & CAPEX, and re-constructed technical databases into petroleum economic software for improved economic and price sensitivity analysis
Reserves & Reservoir Engineering manager
Chief Oil & Gas Inc
Dallas, TX
01.2016 - 12.2021
- Surpassed corporate goals by growing company 1P and 3P reserve volumes from 1.7TCF to 2.7TCF and 3.0TCF to 5.5TCF respectively, while achieving 100% reserve replacement year over year
- Exceeded growth targets by growing company’s production rate from 650MMcfpd to over 1Bcfpd in 4 years by instituting innovative field development planning, technically high grading the entire asset and economic sensitivity modelling to rank the top yielding projects by IRR, NPV, PI & Pay-out
- Led team in developing and implementing technical and business cases for bi-annual corporate borrowing base and bank re-determination of reserves-based loan (RBL) facility; headed engineering department executing planning and development of operated assets in Marcellus Shale (NEPA)
- Developed corporate and technical valuations for borrowing base re-determination and bank covenants, highlighting corporation’s yearly free cash flow amid price backwardation
- Incorporated data analytics processes to identify and visualize production trends, enabling quicker diagnosis of problematic production fields
- Supervised internal and external reserve cycle processes and personnel for annual financial audits.
Technical Division Manager & International Business Development Advisor
South Atlantic Petroleum
Lagos, Nigeria
01.2012 - 12.2016
- Formulated entry strategies for international oil & gas play opportunities while managing relationships with national and state dignitaries. Negotiated commercial and technical terms for work programs and joint operating agreements in excess of $3B. Supervised field development planning and managed reserves classification for SEC/ PRMS filings. Numerous international travels to negotiate with prospective foreign governments and their representatives
- Led multi-disciplinary team in business evaluations and A&D processes across multiple sub-Saharan African basins, enhancing regional market insights.
- Led exploratory, exploitation, and redevelopment projects for the Seme Field, Block-1 Offshore Republic of Benin, overseeing static and dynamic modeling, field development planning, and project economic analysis.
- Oversaw company’s reserves and resources management to maintain petroleum resource management system (PRMS) compliance and support regulatory requirements.
- Managed assets for oil mining license (OML) 130 within technical committee, ensuring compliance and strategic oversight.
Asset Manager & Senior Reservoir Engineer
Comstock Resources Inc
Frisco, TX
01.2008 - 12.2012
- After the acquisition of the Fandango field, led a multi-disciplinary team to develop the asset and grow its proven reserves. At the time, it became Comstock’s most profitable asset
- Managed assets in East Texas, Northern Louisiana, and South Texas. Generated economic evaluations for all projects to ensure compliance with internal hurdle rates prior to recommendation for approval, incorporating weighted risk scenarios.
- Directed technical engineering efforts for A&D matters and new play entry; performed risk analysis to inform the valuation of each prospect.
- Oversaw internal & external reserves audits and negotiated the technical aspects of the company reserves for the bank re-determination of its borrowing base
- Acted as technical representative for Comstock in Haynesville and Eagleford consortiums, facilitating collaboration and technical alignment.
Petroleum Engineer
Encana Oil & Gas (USA) Inc
01.2006 - 12.2008
- Reservoir Engineer in a multidisciplinary team tasked with the evaluation of the Amoruso Field, which led to the acquisition from its then partner, Leor Energy, for $2.55B
- Rotated through three core petroleum engineering disciplines (Completion, Drilling, Reservoir) to enhance cross-functional expertise and collaboration.
- Designed and implemented hybrid hydraulic fracture treatment for successful proppant placement in challenging Bossier 'D' sand zone; drilled multiple Deep Bossier and Cotton South wells under AFE; developed and supervised DFIT, PIT, and RTA analyses for Deep Bossier wells to create a rate prediction model; maintained company database by analyzing and forecasting reserves under SEC guidelines.
Lead MWD/LWD Engineer
Computalog Drilling Services
01.2002 - 12.2005
- Launched triple combo LWD tools for R&D arm of company (Advantage Research Group), facilitating innovative field applications
- Correlated drilling parameters with directional driller and crew, optimizing data acquisition processes during drilling
- Monitored drilling operations, providing formation evaluation data, logs, and surveys to enhance decision-making during drilling
Wireline/ Offshore Field Engineer
Schlumberger Oilfield Service
01.2000 - 12.2002
- Led and supervised reservoir logging crew of operators in the Gulf of Mexico on openhole reservoir formation evaluation jobs
- Performed onsite log analysis and petrophysical interpretation of field logs and tool responses, providing real-time insights to clients
- Interfaced with clients, sales engineers, and office geologists to ensure alignment on project requirements and expectations
Education
Masters - Petroleum Engineering
TEXAS A&M UNIVERSITY
12-2005
Bachelors - Chemical Engineering
TEXAS A&M UNIVERSITY
12-2000
Skills
- Financial Modeling
- PHDWinTM
- ConboCurve™
- Aries™
- MinFrac™
- IHS Harmony Suite w/ RTA
- PowerToolsTM
- IHS
- WellCoreTM
- ResolveTM
- CMGTM
- GASSimTM
- Schlumberger’s EclipseTM
- Spotfire™
- Kappa Engineering Software suite
- Excellent communication
- Leadership skills
- Organizational skills
- Microsoft Office package
Certification
- Excellent communication, organizational, and leadership skills.
- Financial Modeling - Completed the Investment banking Institute (IBI) book camp course, Jan 2016
- Strong Knowledge of multiple software; PHDWinTM, ConboCurveTM, AriesTM, MinFracTM by Meyers, IHS Harmony Suite w/ RTA, PowerToolsTM, IHS, WellCoreTM, ResolveTM, CMGTM, GASSimTM, Schlumberger’s EclipseTM, SpotfireTM, Kappa Engineering Software suite and entire Microsoft Office package.
- Multiple certifications and industry course training with both NSAI & D&M
Accomplishments
- Successfully surpassed corporate goals at Chief Oil & Gas by growing 1P (proved reserves) reserves by 60% in 4 years
- Seasoned petroleum economist with expertise in asset evaluation and ranking using NPV, IRR, MOIC
- Sourced and supervised a team of industry experts on a novel technical study which led to SPE publications
- Designed and implemented entry strategies for international oil and gas companies
- Executive committee member in charge of Akpo & Egina fields (OML130) joint development teams
- Over 15 years of successful reserves & resource management, for lending/ annual borrowing base redetermination processes for both private and public companies
Timeline
Vice President, Engineering & Business Development
Baytree Energy Group
01.2022 - Current
Reserves & Reservoir Engineering manager
Chief Oil & Gas Inc
01.2016 - 12.2021
Technical Division Manager & International Business Development Advisor
South Atlantic Petroleum
01.2012 - 12.2016
Asset Manager & Senior Reservoir Engineer
Comstock Resources Inc
01.2008 - 12.2012
Petroleum Engineer
Encana Oil & Gas (USA) Inc
01.2006 - 12.2008
Lead MWD/LWD Engineer
Computalog Drilling Services
01.2002 - 12.2005
Wireline/ Offshore Field Engineer
Schlumberger Oilfield Service
01.2000 - 12.2002
Masters - Petroleum Engineering
TEXAS A&M UNIVERSITY
Bachelors - Chemical Engineering
TEXAS A&M UNIVERSITY