The Trevor Rose Podcast

This episode we are joined by Mr. Chris Kalnin - CEO of BKV - a NYSE listed energy company with a market cap of ~$2 billion. 

Christopher (Chris) Kalnin is the Chief Executive Officer and Founder of BKV Corporation. He also serves as a Board Member for the company. Chris started BKV in June 2015 with the vision to create a one-of-a-kind, highly successful natural gas E&P company. Since then, he has grown BKV to over 350 employees with multiple assets across Pennsylvania and Texas.

Prior to BKV, Chris was Vice President of Strategic Business Operations and Planning at Level 3 Communications (now Lumen). He has also served as a strategic advisor to the CEO at Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) and as a consultant with McKinsey & Company. He started his career as a Financial Analyst with Credit Suisse First Boston.

Chris received an HBA with distinction from The University of Western Ontario and an MBA from Northwestern University at the Kellogg School of Management, where he graduated summa cum laude.

In his free time, Chris enjoys spending time with his wife and six kids and watching Southlake Carroll Dragon football. 
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Without their support this episode would not be possible:
Connate Water Solutions
ATB Capital Markets
Remote Power Corp
Bunch Projects
STEP, Sanjel and Wayfinder
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*This podcast is for informational and educational purposes only, and is not intended as investment advice. Guests may make forward-looking statements, which are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to each company’s public disclosure documents for important risk factors. Please do your own research, and consult professionals directly before making any investment decisions.
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This episode we are joined by Mr. Alex Verge - CEO of Journey Energy - a TSX listed energy company with a market cap of ~$400 million. 

Mr. Verge is the President and CEO at Journey and has more than 40 years of experience in the oil and natural gas industry. 

He has served as Director, CEO and President of NuVista Energy Ltd., and is a Member of the Association of Professional Engineers, Geoscientists of Alberta. 

He received a Bachelor of Science degree in Chemical Engineering from the University of Toronto, and a Masters of Engineering degree in Chemical and Petroleum Engineering from the University of Calgary. 
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Thank you to our sponsors.
Without their support this episode would not be possible:
Connate Water Solutions
ATB Capital Markets
Remote Power Corp
Bunch Projects
STEP, Sanjel and Wayfinder
-
*This podcast is for informational and educational purposes only, and is not intended as investment advice. Please do your own research, and consult professionals directly before making any investment decisions.

TIMECODES:
00:00 Journey Energy Today
02:43 A $31M Power Plant for $5M
06:35 Alex's Stake and the IPO
08:44 Early Career and Education
23:16 Sword Energy Origins
28:20 Redwater and Bank Line Cuts
32:01 Spotting the Duvernay
36:58 2020: Shares Hit 6 Cents
43:14 Enerplus Deal and Recovery
48:06 Forming the Spartan JV
1:02:54 2027 Drilling Outlook
1:11:39 Medicine Hat and Power Plants
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This episode we are joined by Mr. Will Ulrich - CEO of Presidio Production Company - a NYSE listed energy company with a market cap of ~$300 million. 

Will is co-CEO of Presidio since co-founding the company in 2017. He has over 18 years of energy experience and is focused on using technology and best practices to drive behavior change in the oilpatch.

His mission is to create the industry's best return on capital employed by delivering the industry's lowest operating expenses, highest profitability and best emissions profile.

He graduated from Harvard College with a degree in Economics and began his career as an investment banker at UBS.
Newsletter: Subscribe Here
Thank you to our sponsors.
Without their support this episode would not be possible:
Connate Water Solutions
ATB Capital Markets
Remote Power Corp
Bunch Projects
STEP, Sanjel and Wayfinder
-
*This podcast is for informational and educational purposes only, and is not intended as investment advice. Please do your own research, and consult professionals directly before making any investment decisions.

TIMECODES:
00:00 Intro: What is Presidio Production?
01:21 Why buy wells instead of drilling them
05:59 From Harvard to Wall Street
08:19 Atlas Energy and the Cohen family
14:07 First deals: Midstates, Apache and Templar
20:08 How asset-backed bonds (ABS) work
26:50 Going public through a SPAC
32:11 Getting more oil out of existing wells
39:46 Using A.I. in the field
46:23 Oil and gas prices, M&A and Canada
51:47 Message to shareholders 2026
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This episode we are joined by Mr. Chris Carter - Managing Partner of NGP Energy Capital - a Dallas-based energy private equity firm that has invested since 1988 and raised over $25 billion in cumulative capital commitments.
As Managing Partner, Chris oversees NGP's efforts in sourcing, structuring, executing and monitoring investments. He chairs the Investment, Investment Process and Monitoring Committees and is a member of NGP's Executive Committee.
Chris joined NGP as an Associate in 2004. Previously, he was a summer Associate at McKinsey & Company and an Analyst with Deutsche Bank's Energy Investment Banking Group, where he focused on financing and merger and acquisition transactions.
Chris received a B.B.A. and an M.P.A. in Accounting from the University of Texas at Austin in 2002, where he was a member of the Canfield Business Honors Program. He also received an M.B.A. from Stanford University Graduate School of Business in 2008, graduating as an Arjay Miller Scholar.
Enjoy.
Newsletter: Subscribe Here
Thank you to our sponsors.
Without their support this episode would not be possible:
Connate Water Solutions
ATB Capital Markets
Remote Power Corp
STEP, Sanjel and Wayfinder
-
*This podcast is for informational and educational purposes only, and is not intended as investment advice. Please do your own research, and consult professionals directly before making any investment decisions.

TIMECODES:
00:00 Intro: What is NGP?
02:31 Fund 14's first close
11:23 Stanford, McKinsey and returning in 2008
20:15 Ken Hersh's lessons: management first
23:44 Skin in the game
26:02 Barclays, Carlyle and the 2025 restructure
30:08 The shale hangover and NGP's new model
36:20 The case for energy private equity
45:20 How NGP backs management teams
48:32 Why not PDP, and the Permian math
51:59 Finding good rock: Hibernia and Tap Rock
1:01:19 Underwriting, fund life and continuation vehicles
1:07:53 Investing in Canada
1:12:05 Listener question: ABS and private credit
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Greetings & welcome back to the podcast. 
This episode we are joined by Terry Etam - energy executive, best-selling author of the The End of Fossil Fuel Insanity & contributor to the boereport.com

Terry’s wide range of energy experience includes executive level positions , writing best selling novels & hands on experience in the field.

You can find Terry's writing on the boereport.com as well as his personal website publicenergynumberone.com

Newsletter: Subscribe Here
Thank you to our sponsors.
Without their support this episode would not be possible:
Connate Water Solutions
ATB Capital Markets
Remote Power Corp
Bunch Projects
-
*This podcast is for informational and educational purposes only, and is not intended as investment advice. Please do your own research, and consult professionals directly before making any investment decisions.

TIMECODES:
00:00 Intro
00:40 Pacific Link: the $40B West Coast pipeline
04:05 Why Ottawa has to be involved
07:52 Northern Shield and the Prairie Connector
11:19 Pipeline announcements and the Alberta referendum
14:45 The Mackenzie Valley Highway problem
20:37 Wilkinson's 180 on peak oil
24:19 Gas prices, rail, and the carbon tax
32:27 Investors are coming back to Canada
36:54 Hormuz and the new oil price floor
47:06 Oil demand, supply, and listener questions
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