LEADING THE WAY IN THE OIL & GAS INDUSTRY OF TOMORROW
Funds managed by Blackstone and Jay Still formed Guidon in April of 2016 with the intent of building a significant independent shale development company focused on the Midland Basin. Our management team has extensive experience operating in U.S. resource plays and have collectively managed the drilling and completion of thousands of horizontal onshore oil & gas wells while continually implementing new drilling, completion and production technologies.
Guidon currently holds approximately 46,000 gross / 34,000 net acres in the core of the Midland Basin, primarily in Martin County. Since our initial acquisition in 2016, we have established a reputation as a proven consolidator having grown our acreage position more than 50% via 150+ acquisitions and trades. More importantly, we have increased our “drill ready” (1) locations by 600% and now have > 1,200 wells in our “drill ready” inventory.
Guidon is optimally developing our leasehold through manufacturing styled multi-well pads with horizontal laterals ranging from 7500’ to 12,500’. Our centralized facilities are designed to recycle water for reuse and to transport all fluids through pipe which minimizes environment and surface impacts while providing significant cost and operational efficiencies.
By capitalizing on the team’s excellent operational prowess, track record as a proven consolidator, and reputation as a committed partner, Guidon expects to continue to grow its acreage position reserves, production, and cash flow while delivering best-in-basin well results and returns. All with an unwavering commitment to a strong health and safety-first culture with respect for the surrounding environment and communities.
(1) operated, >7,500’, >95% WI control, offset economically proven zones in MSPBY, JM, LSPBY, WCA, WCB
ABOUT BLACKSTONE
Blackstone Energy Partners is Blackstone’s energy-focused private equity business, with a successful record built on our industry expertise and partnerships with exceptional management teams. Blackstone has invested approximately $11 billion of equity globally across a broad range of sectors within the energy industry.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $360 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.
GUIDON - MEANING OF THE NAME
Guidon (guide-on): In the United States Army, Navy, Marine Corps, Coast Guard and Air Force, a guidon is a military standard that company or platoon-sized elements carry to signify their unit designation and corps affiliation. A basic guidon can be rectangular, but sometimes has a triangular portion removed from the flag (known as “swallow-tailed”).
The significance and importance of the guidon is that it represents the unit and its commanding officer. When the commander is in, his or her guidon is displayed for everyone to see. When the commander leaves for the day, the guidon is taken down. It is an honor to be the guidon carrier for a unit, known as a “guidon bearer” or “guide”. He or she stands in front of the unit alongside of the commander (or the commander’s representative), and is the rallying point for troops to fall into formation when the order is given. In drill and ceremonies, the guidon and commander are always in front of the formation.
The name represents the culture of our company; unity, comradery and esprit de corps. The company strives to lead the way in the oil and gas industry of tomorrow.
