Sierra
In 2021, Providence formed Sierra Energy Holdings, LLC (“Sierra”), a mineral and royalty acquisition company in partnership with Oaktree Capital Management, L.P. (“Oaktree”).
Sierra primarily focuses its acquisition efforts in the Haynesville Shale and Permian Basin. As of year-end 2024, Sierra has acquired over 27,500 net royalty acres (“NRA”), of which approximately 21,250 NRA are located in the Haynesville Shale and approximately 5,275 NRA are located in the Permian Basin. Sierra currently owns mineral and royalty interests in approximately 2,093 horizontal wells across all basins.
In June of 2024, Providence and Oaktree formed Sierra Energy Holdings II, LLC (”Sierra II”). Sierra II is capitalized with $500 million and seeks to employ a similar strategy as Sierra I.
Sierra is committed to excellence and to conducting our business efforts with integrity and, as we seek to provide financial solutions to landowners, mineral companies, high-net worth families and institutional mineral owners.
Interested in selling your minerals? Please call (214) 522-9131 ext. 154 or email us at minerals@providence-energy.com.
Phillip Ream
Phillip Ream joined Providence in 2020 to lead Sierra Energy Royalties, LLC (“Sierra”). Phil brings us a wealth of financial, acquisitions and oil and gas engineering and evaluations experience and serves as the Chief Operating Officer of Providence Energy Management, LLC, the service provider of Sierra.
Prior to Providence, Phil served as a Managing Director within the oil and gas group of Simmons Energy, and before that as a Managing Director of the Natural Resources Group of Barclays.
Phil began his investment banking career with The First Boston Corporation, with additional experience with Wasserstein Perella, Salomon Brothers, SG Barr Devlin and Bear Stearns. Early in his career Phil worked as a petroleum engineer with Texas Oil and Gas Corp. and as Assistant to the President of Snyder Oil Corporation. He graduated with Honors from the University of Texas at Austin with a BS in Petroleum Engineering and later received his MBA from The Wharton School.
Brandon Lumadue
Brandon Lumadue joined Providence in 2020 and serves as the Director of Financial Planning and Analysis, where he leads the accounting and finance operations across multiple Providence entities.
Brandon has over 10 years of industry experience, having worked in prior roles at Eclipse Resources and Montage Resources. Brandon earned his BS in Accounting from the Smeal College of Business at Penn State University, and his MS in Accounting and Financial Management from the University of Maryland Global Campus.
Collin May
Collin May joined Providence in 2014, and serves as the Vice President of Land & Business Development.
Collin has over 15 years of industry experience, working for Providence the last 10 of those years. During his time at Providence, Collin has served in a variety of land and business development roles. Collin is primarily responsible for sourcing, negotiating, and overseeing the company’s mineral acquisitions and brings a wealth of experience to all aspects of the oil and gas and minerals business, including in land management, title, acquisitions and divestitures, joint-venture agreements and joint operating agreements.
After graduating from the University of Oklahoma, Collin began his career with RK Pinson & Associates, with additional experience at Black Lab Energy and Blue Baron Energy.
Bill Snyder
Bill Snyder joined Providence in 2023 and serves as Senior Landman.
Bill has seven years of industry experience. Prior to joining Sierra, Bill worked with Providence Energy Operators on the Non-Op team. Before coming over to Providence, Bill had 5 years of experience sourcing, negotiating, and closing mineral acquisitions in the Texas, Oklahoma, and Louisiana.
After graduating from Texas Tech University, Bill began his land career with Case Energy Partners, with additional mineral acquisition experience with Stronghold Resource Partners.