Auterra Energy, LLC is a privately held energy company, and is affiliated with the Auterra Group. Auterra Energy was formed in 2013 as a Texas limited liability company, and participates as a non-operating working interest partner in developmental and lower risk exploratory opportunities. The company focuses on the conventional oil and gas producing trends located in Texas and Louisiana.
Auterra Energy is owned by Gerald W. (Jerry) Schlief, who serves as the President and CEO. David R. Wood is Auterra Energy’s Vice President of Exploration and is responsible for evaluating high-quality, lower risk and 3D seismic based, conventional, drilling opportunities for Auterra’s participation as a working interest partner. Mr. Schlief and Mr. Wood each have more than 40 years of experience in the oil and gas industry. Mr. Schlief has an MBA in Finance and a BBA in Accounting, and Mr. Wood has a BS in Geology, is a Licensed Professional Geologist in Texas and Louisiana, and a nationally Certified Professional Geophysicist.
Auterra Energy’s Strategy is to review and analyze a large number of lower risk drilling opportunities, and to take non-operated working interests in projects that meet the company’s stringent risk profile and economic thresholds. Since inception, Auterra Energy has evaluated hundreds of drilling opportunities and has participated in only a small percentage.
Each prospect is first screened to see if it meets Auterra’s general guidelines and preferences of lower risk oil and gas prospects. Costs and expected reserve estimates must also meet the rate-of-return and return-on-investment thresholds demanded by Auterra.
Risk Parameters Evaluated
TRAP AND SEAL RISK
DRILLING AND COMPLETION RISK
Auterra Energy’s philosophy is to focus on the proven conventional oil and natural gas trends and capture the remaining reserves using existing 3D data, advanced geological and geophysical and engineering technologies, and attempt to utilize any existing pipelines and other infrastructure assets when possible.
Portable Cable Tool Drilling Rig (Circa 1915)
Gerald W. (Jerry) Schlief
President and CEO
From 1993 through 2007 Mr. Schlief served as the Senior Vice President of ATP Oil & Gas Corporation, an offshore oil and gas development and production company operating in the Gulf of Mexico and in the North Sea. From 2008 to 2012, Mr. Schlief served as a consultant to several companies in the offshore oil and natural gas industry.
Mr. Schlief graduated from Stephen F. Austin State University in 1970 with a BBA in Accounting. Mr. Schlief is a Certified Public Accountant in the state of Texas, and he earned his MBA with a major in Finance from the University of Utah in 1974. Mr. Schlief served in the U.S. Army as a First Lieutenant from 1971 to 1974 and was stationed in Stuttgart, Germany.
David R. Wood
Vice President, Exploration
Mr. Wood has over 40 years experience in all aspects of Gulf Coast exploration and production. Prior to joining Auterra, Mr. Wood held numerous management positions in geology, geophysics and project management with both major and independent oil and natural gas companies, including Huffco Petroleum Corporation, Gulfstar Energy Corporation, and Fidelity Exploration Company. Mr. Wood maintains dozens of key industry contacts for new drilling opportunities, and for almost twenty years has evaluated hundreds of prospects and placed the companies he worked for in over seventy prospects, with greater than a 50% overall success rate. Mr. Wood holds a BS degree in Geology from Lamar University, and is a Licensed Professional Geologist in Texas and Louisiana, and a nationally Certified Professional Geophysicist.