Veritas Energy, LLC

Management

Our proactive management team emphasizes efficiency and attention to detail to maximize returns on invested capital.

Lease and Develop

From leasehold acquisition to site preparation to drilling, completion and production operations, our oil and gas industry professionals are dedicated to maximizing the profitability of each project and well.

Acquire and Exploit

Veritas’ technical team is evaluating producing property opportunities to acquire and exploit cost saving, revenue enhancing, behind pipe and developmental opportunities to build a stable, cash flowing business.

History

Hollis Sullivan formed Veritas Energy, LLC in 2011 as an energy company with a clear focus on values and good business practices. He brings over 30 years of tried and true experience in the oil and gas industry. Hollis got his start in the oil and gas business with Cobra Oil & Gas in the late 1970s. Hollis then joined his father’s company, S&H Oil Company, where he worked for over 11 years. In 1990, Hollis founded Hollis R. Sullivan, Inc. as a small oil and gas company based in Wichita Falls, Texas. The company drilled over 400 wells throughout the state of Texas during his tenure as President. Hollis R. Sullivan, Inc. sold its initial Barnett Shale assets to Encana in 2005. Recognizing additional opportunities in the Barnett, Hollis R. Sullivan, Inc. built a subsequent leasehold position, which was developed and later sold in 2008 to XTO Energy. After the sale, Hollis served as Chairman of Titan Operating, LLC in an advisory role from 2008 through 2012. In 2015, Veritas Energy, LLC directed their efforts to the Permian Basin and built a substantial leasehold and drilled wells, which together were merged into Double Eagle Energy Permian, LLC and later sold to Parsley Energy, Inc. in 2017. Veritas is actively leasing in an emerging play in the Mid-Continent region and continues to evaluate liquids-rich opportunities primarily throughout Texas and Oklahoma.

Philosophy

Veritas is an independent, upstream oil and gas company employing modern drilling techniques to extract oil and gas in an environmentally responsible manner. Our primary focus is leasing, developing and operating oil and gas properties in Texas and Oklahoma. We are dedicated to accomplishing oil and gas development with integrity and responsibility.

Team

Hollis R. Sullivan

Founder/CEO

Hollis Sullivan is the founder and CEO of Veritas Energy, LLC, overseeing the strategic direction of the company. Hollis began his career in 1980, working as an oil-field pumper for his father and grandfather, and made his first significant oil discovery in 1990 in Concho County, Texas. He has built and sold various companies since then: Founding Hollis R. Sullivan, Inc. in 1990 and later selling its Barnet Shale assets to Encana Corporation and XTO Energy Inc.; and founding Veritas in 2011, eventually merging with a subsidiary of Double Eagle Energy, and later selling its Permian Basin assets to Parsley Energy, Inc., while retaining the name Veritas. Hollis has also served as Chairman of Titan Operating, LLC, a private equity-backed company focused in the Barnett Shale (later merged with Atlas Resource Partners, L.P.), and as Chairman of the Texas Alliance of Energy Producers, where he remains an active member. He received his Bachelor of Business Administration in accounting from Midwestern State University.

Sharon Smith

Family Office - Executive Assistant

Sharon leads the administrative function for Veritas Energy, LLC, and provides direct administrative and logistical support for the President’s office. In addition, she develops and implements processes and systems related to the administration of land records, agreements and contracts within the Land Department. She previously served in a similar capacity for over 18 years with Hollis R. Sullivan, Inc.

Christie Garrison

Executive Assistant

Christie joined Veritas Energy, LLC in October of 2012. She provides direct administrative support for the management team in the Fort Worth office. Prior to joining Veritas she worked as an Executive Assistant at TPG Capital, LP in the Finance & Accounting Department. Additionally, she provided support to the Investor Relations team. Christie brings with her a legal background.

Brenda Grayson

Family Office - Administrative Assistant/Land Tech

Along with providing administrative support to the office, Brenda also assists in setting up and maintaining land records in the Veritas land system. Before coming to Veritas, Brenda was employed with Hollis R. Sullivan, Inc. for seven years.

Bill Sullivan

General Counsel

As General Counsel for Veritas Energy, LLC Bill Sullivan is responsible for providing oversight, guidance, and direction regarding legal advice on all matters. Prior to serving as General Counsel, Bill served as Chief Operating Officer for Hollis R. Sullivan, Inc. from 2009 until 2011. In 2001 Bill was appointed and served until 2009 as the City Attorney for the City of Wichita Falls, Texas. He holds a BBA in accounting from Midwestern State University and is a 1984 graduate of the Texas Tech University School of Law. In addition to the Texas Bar, Mr. Sullivan is admitted to practice before the United States Court of Appeals for the Fifth Circuit and the United States Supreme Court. Bill lives in Wichita Falls with his wife and children.

Tyler Pulley

Controller

Tyler Pulley serves as Controller of Veritas Energy, LLC and assists the CFO in managing all aspects of finance and accounting for the Company. He joined Veritas in January 2013 and previously served as Assistant Controller for Titan Operating, LLC, an oil and gas company based in Fort Worth, Texas. While at Titan, he was responsible for overseeing the general accounting including JIB’s, A/P, A/R, financial reporting, and revenue functions. Prior to joining Titan Operating in 2009, Mr. Pulley worked at Hollis R. Sullivan, Inc. in Wichita Falls, Texas. Mr. Pulley earned a Bachelor of Business Administration degree in accounting from Midwestern State University. He is a member of the American Institute of Certified Public Accountants and the Texas Society of CPAs.

Tom Holcomb

Family Office - Accounting/Vice President of Tax

As Vice President for Veritas Energy LLC, Tom manages all aspects of the finances which include financial statement preparation, cash management, state and federal income tax preparation. He also prepares and reviews various oil and gas reports. From 1990 to 2008 Tom worked for Allred Armstrong & Company as a certified public accountant. Tom was admitted as a partner to the firm in 1999. While there, he prepared tax returns for individuals, corporations, trusts and partnerships. He also was involved with estate planning for his clients. Tom holds a BBA in accounting from Midwestern State University. He is a member of the American Institute of Certified Public Accountants and the Texas Society of CPAs.

Phoobie McCasland

Family Office - Accounts Manager

As Accounts Manager, Phoobie is responsible for overseeing the general accounting including JIB’s, A/P, A/R, P/R, financial reporting, and revenue functions. After serving for nearly four years with the United States Air Force, she attended Midwestern State University. She has over 30 years experience in oil and gas accounting, and through the years has acquired vast computer skills. Prior to her current position, Phoobie served for 21 years in a similar capacity with Hollis R. Sullivan, Inc.

Greg Ralston

Vice President of Land

Greg previously worked as an in-house landman with Marathon Oil primarily in Texas and DJ Basin of Colorado and Wyoming. He is experienced in leasing, broker project administration, negotiating surface, JOA, Participation and various other trade agreements. Greg received his B.B.A. in Energy Commerce and Finance from Texas Tech University in 2008.

Janie VanZandt

Director of Land Administration

Janie is responsible for providing land support to all areas of Veritas Energy, in addition to providing administrative aid in the Fort Worth Office. She has been working as an independent petroleum landman for over five years primarily in the Barnett Shale. Prior to working at Veritas, Janie managed title projects and administrative personnel for several oil and gas companies. Janie received her Bachelor of Science Degree from Tarleton State University.

Austin Jimerson

Senior Landman

Austin started with Veritas Energy in September of 2015 after spending his first 2 ½ years in the industry working for Athlon Energy, later acquired by Encana Services. He brings knowledge of lease and contract negotiation, surface, trade and acquisition agreements, along with the ability to stay ahead of a multi rig drilling program. Austin graduated from the University of Oklahoma in 2012 with a B.B.A in Energy Management and a minor in Finance.

Michael Stevenson

Landman

Michael joined Veritas Energy, LLC in October of 2012. He provides support in the Land Department with a focus on due diligence and broker project administration. Michael received his B.B.A. in Finance from Texas Tech University.

Keith Pistocco

Surface Relations/Operations

Keith’s primary function is Land/Surface relations. He has eight years in the oil and gas industry. Prior to joining Veritas Energy, he spent the last six years as a Technical Sales Representative for Smith International. His duties required working with Operators/Engineers in the Barnett Shale, Marcellus Shale, West Texas, and Eagleford Shale. He provided technical support with drilling bit programs, cost per/foot analysis, rock strength studies, and offset drilling comparisons.

Butch Ford

Senior Vice President of Land

Butch has more than 40 years of experience in the oil and gas industry, beginning with Halliburton and including executive leadership roles with Bridwell Oil Company, Hollis R. Sullivan, Inc., Titan Operating, LLC and Veritas Energy, LLC. Butch’s expertise includes operations, land management and business development. In his current role with Veritas Energy, LLC, Butch is responsible for the company’s Land and Land Administration department. He holds a Bachelor of Business Administration in business from Midwestern State University.

Paul Horton

Vice President of Geology

Before joining Veritas in 2012, Paul spent six years as a petroleum geologist with XTO Energy working unconventional plays. For the majority of his time at XTO, Paul worked the Barnett Shale, but also contributed to projects in East Texas and Appalachia. While at Veritas, Paul has been involved in projects in the Mississippi Lime in Oklahoma and Marble Falls in North Texas. Currently, he is working Veritas’ Spraberry and Wolfcamp assets in the Midland Basin. Paul received a B.S. in Geology from Louisiana State University and a M.S. in Geology from Texas Christian University.

Scott Densmore

Geology Tech

As Geology Technician for Veritas Energy, LLC Scott is responsible for many technical aspects of the company including mapping, regulatory, data research, and geoscience application processes. He brings six years of experience as an Engineering Technician from XTO Energy where he performed similar duties. Scott holds a Bachelor of Science degree from Texas A&M University.

Kathleen Vardell

Landman

Kathleen joined Veritas in May of 2016. Upon graduating from Texas Tech University in 2013 with an Energy Commerce degree, she spent her first three years in the industry in Midland, Texas working for Energen Resources. Her experience includes running multiple rig lines, preparing tracts for future drilling by leasing, negotiating contracts and trades. Kathleen is a member of AAPL, FWAPL, PBLA and FW Wildcatters. She now resides in Fort Worth with her husband Kris and daughter Kadyn.

Zac Sullivan

Land Analyst

Zac joined Veritas in August of 2017. He provides support to the Land Department with a focus on lease administration. He received his Bachelor of Arts in political science and history from Rice University.

Parker Johnson

Land Analyst

Parker joined Veritas in July of 2017 after spending his first couple of years in the industry working for the land-centered E&P company. His experience includes leasing, contract negotiations and due diligence. Currently, he provides support to the Land Department at Veritas. Parker graduated summa cum laude from Texas Tech University in 2014, receiving a Bachelor of Arts in history and two minors in environmental studies and legal studies.

Chad Skiles

Senior Vice President/Chief Financial Officer

Chad joined Veritas in 2012 and is responsible for the accounting, finance and investor relations functions. He has over 20 years of experience in accounting and finance and has served as CFO in both the oil and gas and private equity industries. Most recently, he was CFO of Veritas Energy Partners Holdings, LLC, where he handled capital raises and had direct involvement in oil and gas transactions ranging up to $2.8 billion. Previously, Chad was Senior Director of Accounting and Finance for TPG Capital's Private Equity Business Unit, which encompassed over $48 billion of investor funds and several thousand investment entities. Prior to joining TPG, Chad worked at KPMG in audit and attestation services. Chad earned a master's degree in accounting and bachelor's in business from the University of Texas at Arlington. He is a member of the American Institute of Certified Public Accountants.

Morgan Tilley

Family Office - Accounting Clerk

Morgan joined Veritas Energy, LLC in 2014. She provides support to the accounting team, tracks monthly production revenue and assists with various accounting tasks. Morgan received her Bachelor of Business Administration in marketing from Midwestern State University.

Mark Schumacher

President/Chief Operating Officer

Mark has over 34 years of industry experience, which began with Union Pacific Resources Group, Inc. and includes all phases of upstream and midstream activities within the oil and gas business, with exposure to multiple basins throughout the U.S. (onshore and offshore), Canada and Latin America. Mark is responsible for leading all aspects of the company’s technical, evaluation and execution efforts. He graduated from the University of Oklahoma with a Bachelor of Science degree in petroleum engineering.

Steve Fitzgerald

Senior Vice President of Business Development

Steve has over 35 years of experience in the oil and gas industry, specifically in land and business development. Prior to his role with Veritas, Steve was a Partner and Vice President of Business Development with Cordillera Energy Partners II and III, LLC until 2012. He was semi-retired until late 2017, when he partnered with Hollis Sullivan and Veritas in an emerging play in the Anadarko Basin. He holds a Bachelor of Science degree in petroleum land management from the University of Oklahoma.

Matt Engelman

Vice President of Engineering

Matt is responsible for Veritas Energy, LLC’s engineering and operational functions. With over 12 years of industry experience, which began at ConocoPhillips, Matt has operated in multiple basins and has led technical teams within acquisitions, corporate reserves and engineering management roles. He graduated from Oklahoma State University with a Bachelor of Science degree in mechanical engineering.