As part of its initiaive to build its energy practice, Stephens Inc. has welcomed William Butler back to Stephens Inc. as a senior vice president to develop an E&P Research practice.
Butler most recently was vice president and assistant treasurer of XTO Energy Inc. where he was responsible for evaluating strategic financial planning alternatives, executing financings, and supporting bank, rating agency and investor relations. During his seven-year tenure, XTO completed 21 capital raises including public equity, senior notes, and bank debt to fund the company’s growth and create shareholder value.
Butler served as an investment banker with Stephens from 2000 to 2003.
Stephens has spent the last two years developing its energy practice. Nik Fisken, Stephens Inc. executive vice president and director of research commented, “This completes our initial strategic plan for an Oilfield Services and E&P Energy Research practice, which began in 2009 with the establishment of Oilfield Services Research and an Energy Investment Banking team in Dallas and Houston. In the future, we may look to expand into other subsegments within the energy field.”
The Investment Banking Energy team is led by managing directors Keith Behrens and Brad Nelson in the Stephens Dallas office and Ron Montalbano in the Stephens Houston office.
Read Keith Behrens article, "Appetite for mezzanine funding ramps up in current market," from the August 2010 issue of OGFJ.
Will Green has been promoted to research analyst and will join the E&P Research team with Butler in the new Fort Worth office. Green spent the last three years as an associate with the Building Materials team at Stephens Research. Ben Wyatt will also join the E&P Research team as a Research Associate.
Stephens Oilfield Services Equity Research group covers 20 public companies under the leadership of John Keller and Michael Marino of our Houston office.
Privately held Stephens Inc. is a full service investment banking firm headquartered in Little Rock, Arkansas.
Source: Stephens Inc.