mission & strategy
Our Mission
Blackbuck Resources (BBR) focuses on creating practical, effective, and economical solutions to the Energy and Industrial Sectors’ most challenging water applications.
BBR takes a full life-cycle view to ensure the excellence in execution of water management and currently treats water for E&P operators on four continents.
strategy
More than a water midstream company, BBR is a true water management solutions provider.
BBR is the only water midstream company to have evolved from a water treatment technology and services company. Our bottom-up approach means our team built a fundamental understanding of managing water and its implications to our customers. We do more than move and dispose of water. Solving the E&P sector’s toughest global water challenges as a technology and service company is in our DNA.
Elements of our approach:
- Loop Strategy
- Creating mini systems or a “loop” to support producers as they develop their fields provides the ultimate flexibility to respond to a shift in demand whether it be timing or location.
- A Producer’s Mindset
- The experience of our team offers a unique perspective into E&P operator water requirements for sourcing, recycling, and disposal. We do not view water challenges with the lens of a midstream or disposal operator.
- Flexible Offtake Agreements
- We focus on designing offtake solutions fit for our customers’ needs. This means we do not focus on acreage dedication for offtake. We have creative options that offer more flexibility to E&P operators.
- Development Planning Capability
- We look ahead and build out comprehensive development plans for our clients’ potential needs.
- Water Treatment Experts
- Our development plans and proposals will always include treatment optionality for current and future use. Globally we have treated over 1 billion barrels of water since 2015.
leadership team
experienced and innovative
Our team is comprised of professionals with experience in water disposal & treatment, pipeline management, and oil & gas operations.
Justin Love
CEO
justin love
CEO, BLACKBUCK RESOURCES
Justin Love is a seasoned executive with more than 12 years of experience in the oil and gas industry. He is the CEO of Blackbuck Resources LLC, former CEO of Xedia Process Solutions, and founder of Love Energy Advisors (LEA). Starting his career just ahead of the genesis of unconventional upstream development, Justin has a demonstrated track record of creating enterprise value as an entrepreneur in the sector. This is shown through him founding and leading three existing companies over the last six years, two of which have reached successful exits.
Among Justin’s industry awards are the Texas Oil and Gas Awards’ New Technology of the Year 2018 and ACG Houston’s Deal of the Year 2018. Additionally, Hart Energy Oil & Gas Investors Magazine, Forty Under 40 named Justin as an honoree in 2019.
Love began his career as an engineer at Schlumberger and eventually joined Pentair, where he spent most of his time as global market development manager. During his time at Pentair, he played an integral role in launching their global upstream energy business. In addition to acting as a resident subject matter expert in the field of oilfield water management, he led efforts to identify and evaluate M&A targets, earning his designation as a leading global subject matter expert in the field. Justin later leveraged his broad career experience and developed relationships to found an energy-water-focused advisory firm, LEA. As president of LEA, Love provided consulting and origination services for the technology companies, investors, and oil & gas producers focused on the energy-water nexus. As a widely recognized subject matter expert speaker, Justin has shared his expertise with audiences in nearly 30 countries on over six continents.
Love graduated from Virginia Tech with a Bachelor of Science in Industrial and Systems Engineering. A father of two, Justin enjoys spending time with his family and maintains an active lifestyle through a multitude of sports and activities. He serves his community through his role in volunteering for and leading a number of local and national charitable organizations.
Samuel Oliver
CCO
samuel oliver
CCO, BLACKBUCK RESOURCES
Samuel is a proven board member and private equity-backed C-level executive directly responsible for leading corporate strategy utilizing financial and economic analysis, overseeing client management, mergers & acquisitions, greenfield project management, contract negotiations, government affairs, real estate & land development, and sourcing and managing financing relationships throughout the capital structure.
As a successful entrepreneur, Samuel has developed exceptional abilities to understand changing market demands, acquire large-scale investments, and build talented implementation teams. As a seasoned executive with over 10 years of experience in the oil and gas industry, Oliver was most recently honored with the ACG Houston’s Deal of the Year award in 2018.
Oliver’s career began in an engineering role at Southwestern Energy in central Arkansas. Later, Samuel worked for Occidental Petroleum Corporation where he spent several years in Midland, TX before taking various management roles in Houston, Texas.
Samuel’s industry experience includes well construction planning, water management, strategic planning, supply chain, commercial strategy, and deal generation. These skillsets were vital in the equity fundraising process for Blackbuck Resources where Samuel eventually became Chief Commercial Officer.
As a widely recognized subject matter expert in the energy and water management sectors, Samuel has extended his expertise to audiences on three continents.
Samuel graduated from Texas A&M in 2010 with a Bachelor of Science from the Dwight Look College of Engineering. He is an avid racquetball player and golfer, and enjoys barbecuing and traveling with his family and friends. Samuel is passionate about his charitable work which includes efforts to support the homeless in Houston and initiatives to provide clean water access in developing countries.
Barry Portman
COO
barry portman
COO, BLACKBUCK RESOURCES
Barry Portman has more than 20 years of oilfield experience in operations and management, anchored by hands-on field experience in all sizes and scopes, from a small startup to multi-billion public company. His operational background includes production, drilling, completions, plant & midstream, facilities, maintenance, and integrated service management. Portman most recently served as Vice President, Production Operations, and Permian General Manager for Pioneer Natural Resources. During his tenure at Pioneer, Portman served in several operational roles and his experience and leadership was a critical part of restructuring and refocusing on Midland Basin shale development. His team executed over 500% growth in a 5-year timeframe, spanning over 700 employees in 4 office locations, production of 450 MBOEPD (over 70% oil) and 700 MBWPD of produced water from more than 6,500 wells and 1,900 tank batteries. His massive field operation quickly emerged as a peer leader in minimizing operational downtime while maintaining the largest acreage position in the Midland Basin. Prior to joining Pioneer, Portman was a business owner where he focused on using his unique experience to gain operational efficiencies and successfully completed large turnaround projects in oil and gas sector where he engaged both private equity and debt financing. Before beginning his entrepreneurial effort, Portman worked operations for Marathon Oil Company and Kinder Morgan, where he focused on horizontal drilling development, various EOR methods including CO2 and high pressure gas injection, and production using a variety of lift methods, in particular expanding the usage and reliability of Gas Lift and ESP in the Permian Basin.
Portman is active in the Permian community, serving as a Board Advisor for S.H.A.R.E, a nonprofit organization supporting families with special needs, and previously serving as a Board member of Bustin’ for Badges, raising funds for local police departments. As a longtime Permian resident, Portman’s leadership style supports employees to be involved in their communities and actively volunteer for a number of charitable organizations.
Portman has a Bachelor of Science in Mechanical Engineering from Rose-Hulman Institute of Technology, where he was one of the founding students in the entrepreneurial internship program, which was recognized by the Indiana Business Journal in 1996. He is a member of the Society of Petroleum Engineers and an Eagle Scout who received the Order of the Arrow Vigil Honor, the highest mark of distinction and recognition.
Jamie Liang
CFO
jamie liang
CFO, BLACKBUCK RESOURCES
Jamie Liang has over 18 years of experience in finance, investment banking, and management. Mr. Liang most recently served as a Managing Partner of Battlecat Energy Partners LP (BCEP), a Houston-based private equity firm focused on direct investments in the oil and gas sector. Prior to BCEP, Mr. Liang was a co-founder and the Chief Financial Officer of Battlecat Oil & Gas (BCOG), a private upstream operating company, up until its sale to a public company in 2017. At BCOG, he was responsible for all non-technical aspects of the company, including finance, accounting, business development, human resources, legal, regulatory, commercial, investor relations, and general administration. He has been involved in over $20 billion of transactions throughout his career. His previous experience encompasses debt and equity capital raising, project and structured finance, public finance, and mergers and acquisitions advisory. Prior to BCOG, Mr. Liang served as a Director at Bank of America Merrill Lynch (BAML), primarily focused on energy and infrastructure financings. While at BAML, he was responsible for originating and executing over $7 billion of structured natural gas transactions. Previously, Jamie was an Associate at UBS Investment Bank where he executed project financings in the infrastructure sector.
Mr. Liang is a member of the Houston Producer’s Forum, Houston Energy Finance Group, ADAM Houston, the Independent Petroleum Association of America, the CFA Society of Houston, and the CAIA Association. He is also involved in numerous charitable activities.
He serves or has served on the St. John’s School Alumni Board, the Rice University Annual Fund Committee, the Rice Alumni Volunteers for Admissions, and as the regional head of the Wharton Energy Network. He has also been a guest speaker at various events, including the Society for Petroleum Engineers Entrepreneurship Cell.
He received a Bachelor of Arts in Economics from Rice University and a Master of Business Administration in Finance and Entrepreneurial Management from the Wharton School of the University of Pennsylvania. In addition, he holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations and is a member of the CFA Institute. He enjoys golf, tennis, and spending time with his family.
partners in production
partners in production
Blackbuck strives to provide water solutions that benefit all parties in an agreement:
- Landowner partnerships
- Optimal use of capital and lowest LOE through economies of scale
- Flexible offering enabling Blackbuck to match customers’ water management DNA
- Collaboration to ensure flow surety, operational uptime, and continuity in operations
- Maximizing Produced Water Reuse/Recycling
- Lower commitment thresholds through value capture outside of disposal
- Asset management from an operator perspective
- Open communication channels from the field level to the board room
state-of-the-art facilities
TX delaware basin
TR UE Blue SWD, Culberson County, Texas
Deep disposal well capable of 100,000 barrels per day strategically located in the Taylor Ranch area to provide our partners with optimized disposal capacity. Our well bore, gathering network, and facility were designed with cutting edge safety systems, strategic redundancy, and advanced automation systems.
NM delaware basin
Premier water infrastructure in the Whites City, NM area including approximately 65 miles of pipeline and 100,000 barrels per day of installed and permitted disposal capacity. The expansive system allows BBR to provide our customers the most economic, environmental friendly, and reliable water management solutions in the industry.
Freedom SWD, Eddy County, New Mexico
Midland basin
Horned Frog SWD, Martin County, Texas
Disposal well capable of 15,000 barrels per day. This SWD includes 8 offload disposal lanes along with fresh and brine water sales. The facility is setup with an intelligent water management software system providing convenience to our operators and customers.
EZ Way SWD, Ector County, Texas
Disposal capable of 20,000 barrels per day. This SWD includes 6 offloads disposal lanes, fresh water sales, and a solids handling facility. This facility is setup with an intelligent water management software system providing convenience to our operators and customers.
