Ridgemont Equity Partners and the company’s founders are pleased to announce the formation of Pintail Oil and Gas LLC. Pintail will be led by oilfield veterans Dr. Jory Pacht (CEO), Jim Ivey (CFO), and William Shook (COO).
The company will focus on acquiring, enhancing, and developing oil and gas properties primarily along the onshore Gulf Coast. Pintail’s strategy will be supported by over $50 million of equity capital committed by Ridgemont and Pintail’s management team.
Prior to founding Pintail, each of the company’s senior leaders held executive positions at other Gulf Coast focused upstream companies. Pacht served as vice president of exploration/corporate secretary at EnergyQuest; Ivey served as CEO of Milagro Exploration, and Shook served as president of AOE Operators Inc.
Pintail’s other senior managers include Tom Nguyen (executive vice president of land, and general counsel), Jay Quinn (executive vice president of engineering), and John Smolen (executive vice president of finance). They have also spent significant portions of their careers analyzing, developing, and acquiring assets in the onshore Gulf Coast region.
Based in Houston, Texas, Pintail is equipped with the financial and technical resources to identify, evaluate, operate, and grow Gulf Coast oil and gas fields.