Matt is the Chief Executive Officer of Border to Border Exploration and BBX.Operating. He is an exploration geologist, with 33 years of experience in many aspects of exploration and production. He also has first-hand experience in oil and gas financing and structuring deals. His exploration work is focused on ground-floor ideas, acquiring mineral rights directly from the mineral owners.
Previously, from 1978 to 1983, he worked in Rockies, first processing seismic data, and then working as a reservoir geologist. It was a time of very high growth in the industry and he quickly got hired by an exploration company. That took him to North Dakota and Montana to work on drill sites as a well site geologist. He advanced to the point of generating prospects in Colorado and various other Rocky Mountain States. After generating the prospect idea, he would have to sell the prospects and get other oil companies to participate in his ideas. Because of his operational and exploration experience, at the age of 27 he was offered a job as the Head Geologist for an oil producer in the Illinois Basin. From 1983 to 1988, he generated prospects and drilled many wells, becoming more involved in production operations, petroleum engineering and reserve estimation. With a desire to further his education is depositional environments and basin-analysis, he worked on a Master’s degree in Geology from 1989 to 1990. One of his friends, a landman from the Rockies, invited him to Austin to start an oil company focused on the Austin Chalk trend in Texas. After a year of commuting back and forth between New York and Austin, the two finally sold enough prospects so he could make the move permanent, along with his wife, Becky and their two little girls.
Those were some exciting, times. Horizontal drilling was a breakthrough in technology and the opportunities seemed endless. The company went on to do many joint ventures in the Austin Chalk, including drilling wells by La Grange, where Matt would be in charge of all the prospecting and well site geology, steering wells and making sure the horizontal laterals stayed in the best part of the pay zone. He developed many lasting friendships with field hands and gas pipeline personnel. They shared insight into other parts of the trend, and Matt would come back to Austin between trips to the wells and make maps and come up with new ideas.
The best idea he came up with at that time resulted in the drilling of over 50 wells near Navasota, just south of the Texas A&M campus. The company partnered with Chesapeake, who became the operator. That area became one of their cornerstones and they found 300 BCFGE on the prospect.
The company continued work in many other areas before Matt decided to continue on and build Border to Border to Border Exploration, LLC. BBX Operating was formed shortly thereafter and initially worked in the Williston Basin operating a field for a large independent oil company. This activity led to the company into the horizontal Bakken Play early on. Then the company came back to the Austin Chalk, working in the East Texas portion of that trend. Playing off a concept that he generated in the early 1990’s the company and its partners leased over 125,000 acres around the town of Woodville. After partnering with Anadarko Petroleum and participating with other companies in the trend, BBX Operating began drilling. A gas pipeline company, Polaris Pipeline Systems, LLC, was formed in the process. The company has now drilled and completed 25 wells and has quickly become one of the top 100 private producers in the US.
Matt is fortunate to have 29 full time staff members who are all specialists in their areas of expertise, and more importantly, good, decent people. He continues to learn every day about geology, operations, finance and land.
Matt received his Bachelors of Science degree in Geology from Binghamton University and completed Masters coursework at Binghamton University as well. He is a member of the American Association of Petroleum Geologists and a registered Geologist in Texas and Wyoming. He is a 20 year member AAPG and author of several talks – “The Bakken Oil Play of the Williston Basin”, AAPG and “The Explosive Growth Profile – An Analysis of the Optimal Investment” - Denver Explorer’s Club. He has accepted an invitation to be a “Distinguished Lecturer” for the AAPG in 2011-2012.
Matt grew up experiencing the outdoors, which led to his love of geology. He likes to hike and climb mountains and has finished all the mountains to become an ‘Adirondack 46er’. He enjoys hunting and fishing, especially in the high country of Colorado. He belongs to his family’s hunting club in New York, where they have spent the past 20 years building and enjoying a hunting camp. His job was to build the stone fireplace. He and his partners own Buck Creek Ranch in the Ouachita Mountains of Oklahoma - a beautiful part of wild America. He likes to play guitar, and gets to play often with many of his friends. In Austin, there are many chances to play all sorts of music – blues to bluegrass to Celtic to old-time fiddle music, and he enjoys listening to and playing it all. His family includes his two daughters, Laura and Amber, one son-in-law, Jason, and his wife of 32 years, Becky.