Patrick J. Noyes

Patrick J. NoyesPatrick J. Noyes is the founder, President and CEO of Grenadier Energy Partners, LLC. From February 2003 until June 2006 he was Chairman, President, and CEO of Stroud Energy, Inc. in Ft. Worth, Texas. During his tenure at Stroud, Mr. Noyes led a substantial turnaround from a company that was severely financially distressed into one which was later sold in June 2006 with an enterprise value of $455 million. He accomplished this with a simple two point business plan: restructuring the capital and diversifying the asset base. This diversification was achieved through acquisitions and growth through the drill bit in the Barnett Shale and East Texas. Under his leadership at Stroud, production increased from 12.5 mmcfd to just over 30 mmcfd by June of 2006. Also, proved reserves increased from 72.9 BCF to 159.4 BCF during that time. From February 2002 to February 2003, he was co-founder of American EnergyQuest, L.P., a private company involved in the efforts to form and finance the acquisition of certain producing oil and gas properties. Prior to his stays at Stroud and American EnergyQuest, he was employed by Mitchell Energy Company, L.P. in The Woodlands, Texas for over 22 years; from 1999 until he left in 2002, he was Vice President of Drilling and Services. Mr. Noyes’ tenure as Vice President of Drilling and Services propelled Mitchell Energy’s Barnett Shale activity to increase from a two rig program to 18 rigs running by January 2002. The growth in net Barnett production in this period was threefold (80-240 MMCFD). Mr. Noyes had complete control over all drilling operations for the entire company, as well as stewardship over the reserve bookings. Additionally, he routinely interfaced with the production engineers and geologists in developing prospects and planning rig activity. In 2001, Mitchell drilled a total of 360 wells with a capital budget of $345 million. Of this total, 310 of the wells were in the Barnett. These wells accounted for approximately 388 BCF of PDP reserves added to Mitchell Energy’s books. Mr. Noyes graduated with honors with a Bachelor of Science in Mechanical Engineering from Rose-Hulman Institute of Technology. Mr. Noyes’ professional associations include memberships in the SPE, TIPRO and IPAA.