Daniel Silverman is a Managing Director at Fulcrum Energy Capital Funds (previously Morse Energy Capital Partners). Daniel’s primary focus is related to operations. Daniel has 29 years experience in the oil and gas industry with the majority spent in acquisitions and senior management roles. Silverman was co-lead in the re-development of Whittier Energy (a small, privately owned non-operator beforehand) that began in 2002. Through his role as Executive Vice President and COO, Whittier began a period of rapid growth from 1,200 mcfepd of non-operated net production to over 16 mmcfed when the company was sold 5 years later in 2007 for $192 million to Sterling Energy (UK). He was responsible for evaluating and closing of 8 negotiated transactions totaling over $85 million as well as a reverse merger into a micro-cap public E&P company in 2003.
In 2009, Silverman led the management team of Sterling Energy USA and a S. Korean equity fund in the $90 million purchase of the Company from Sterling Energy Corporation (UK). As part of the transaction, he also successfully negotiated and put in place a $50 million credit facility with BMO and Regions Bank. He became President and CEO of the new entity, Atinum E&P and oversaw all aspects of the company. Silverman resigned from his positions in November, 2010. At that time Silverman founded D90 Energy LLC, which is a private E&P company. D90 operates 40 wells in Texas, Louisiana and Arkansas as well as a commercial SWD facility in West Texas. Gross production from the wells is currently 190 bopd and 1.4 mmcfd.
From April 1999 to April 2002, he was involved with 2 small-cap E&P companies. From 1995 to 1999, he was Managing Director of Acquisitions & Divestitures and a member of the Board of Directors of Torch Energy Advisors. He managed the completion of Nuevo’s $492 million purchase of UNOCAL’s upstream California assets and Bellwether’s $182 million purchase of the Torch managed institutional partnerships. He oversaw all aspects of property and well acquisitions, which include evaluating properties, projecting financials on potential transactions, negotiating and closing transactions.
From 1992 to 1995, Silverman was Manager of Acquisitions and Divestitures at Apache Corporation. At Apache, he was involved in over $1 billion of transactions, including the $102 million purchase of Crystal Oil, the $250 million purchase of Dekalb and the $494 million purchase of assets from Texaco. Prior to Apache, he was the Manager of Acquisitions for a small privately held Denver based company and a drilling engineer for Pennzoil.
Silverman holds a B.S. in Petroleum Engineering from the University of Texas at Austin (High Honors, 1985) and a M.S. in Mineral Economics from the Colorado School of Mines (High Honors, 1988).