Upcoming Webinar

CCUS Fireside Chats: Strengthening the CCUS Foothold Through M&A

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Tuesday, December 12, 2023
11:00 AM | Central Time

Webinar details

This webinar was originally recorded on December 12, 2023

The Enverus CCUS Fireside Chats series, hosted by Enverus Intelligence Research Analyst Graham Bain, offers long-form discussions with guests from the energy industry who are on the front lines of CCUS movement.

In this episode, we welcome back Jon Grimmer II, P.E., President of Verde CO2 and Tommy Najar, Vice President of Corrosion Resistant Alloys, as we discuss recent M&A activity in the CCUS space, the direction these deals are taking the industry, and we’ll investigate the following:

  • What are the causes and leading factors for M&A activity?
  • What type of deals have we seen recently?
  • Where with the next strategic opportunities spring up?
  • The role of partnerships in CCUS
  • And much more.

Speakers

graham-bain

Graham Bain

Vice President at Enverus Intelligence Research

Graham joined Enverus Intelligence Research (EIR) in 2020 with the acquisition of RS Energy Group. As lead of the subsurface group on the Energy Transition Intelligence team, Graham creates intelligent connections between the subsurface, emerging energy and carbon innovation technologies through 8 years of geoscience experience and a deep understanding of the energy transition. Prior to EIR, Graham worked as an analyst for the Alberta Energy Regulator with a focus on the Athabasca oil sands, and as a geologist in training for a small Calgary-based exploration company.

jgrimmer

Jon M. Grimmer II P.E.

President, Verde CO2

Mr. Grimmer has 20 years of experience in the Energy industry as a Private Equity investment professional, investment banker and petroleum engineer. Before joining Verde, Mr. Grimmer was a deal team member of Quantum Energy Partners involved in the deployment of billion dollars of capital within the Energy industry. Mr. Grimmer specializes in business management, transaction diligence & structuring, subsurface characterization, and profitability optimization. Mr. Grimmer started his career at ExxonMobil. He holds an Engineering degree from Purdue University and is a licensed professional engineer in the State of Texas.

tommy-najar

Tommy Najar

Vice President, Corrosion Resistant Alloys

Tommy Najar has served as Vice President and valued member of the Leadership Team at Corrosion Resistant Alloys (CRA) for the past five years. During this time, he has concentrated on developing relationships with company leaders globally and identifying industry opportunities where the just-in-time model can add value to customers. In addition to being one of the early leaders in the CCS movement, Tommy and his team are engaged in critical upstream and midstream projects as well as applications outside of oil and gas. Prior to joining the CRA team, Tommy amassed more than 17 years of experience in the energy industry serving in various engineering and management roles for Chevron and Hilcorp Energy Company. He has extensive experience in completions, workovers, fishing, through-tubing intervention, and plug and abandonment operations. Tommy holds a petroleum engineering degree from Marietta College, and is an active member of the Society of Petroleum Engineers (SPE) and the Houston Strategy Forum.

Verde CO2

Verde CO2 LLC is a private leader in Carbon Capture and Sequestration (CCS). Verde combines their extensive experience in the Energy industry with business and financial relationships to manage all aspects of the CCUS enterprise. Verde partners directly with point-source emitters and focuses primarily on permanent sequestration. Verde’s team possesses unique experience in engineering, construction, management, surface equipment operations, subsurface characterization, and regulatory work.

Verde’s deep relationships with the financial industry provide unique conduits for equity sponsorship, project financing, term-debt, green bonds and other structured finance arrangements.

Verde is currently advancing CCS projects in Texas, Louisiana, California and in the Midwest. Verde is headquartered in Houston, Texas and has a regional presence in all of their project areas.

Corrosion Resistant Alloys

Corrosion Resistant Alloys (CRA) is a Just-In-Time provider of high-quality corrosion-resistant alloy pipe and tube. With global headquarters located in Houston, Texas, we are strategically positioned to quickly provide oil country tubular goods (OCTG), material for downhole completion equipment, and schedule pipe and tube to all industries utilizing cra tubulars.

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