Sage Natural Resources

Sage Natural Resources' History

Founded in 2017 and headquartered in Tulsa, Oklahoma, Sage Natural Resources has quickly established a significant presence in the oil and natural gas industry. The company has strategically built its asset base in the Barnett Shale through multiple acquisitions and subsequent exploitation. Sage Natural Resources' operations extend beyond Oklahoma, with assets in South Texas. The company has accumulated over 50,000 net acres in the Barnett Shale, showcasing its rapid growth and commitment to expanding its footprint in the energy sector.

Sage Natural Resources' Operations

Sage Natural Resources excels in acquiring, developing, and optimizing oil and gas assets. With a combined experience of over 260 years in the oil and gas industry, the company operates across 19 states, most U.S. basins, and three countries. Having drilled more than 2,600 wells collectively, Sage Natural Resources is known for its process-driven operations that ensure rigorous safety standards and reliable results. Their expertise in reservoir characterization, including geological and petrophysical assessments, has significantly improved asset value by more than $50 million through midstream and marketing negotiations.

Sage Natural Resources' Environmental and Safety Performance

Sage Natural Resources is committed to environmental protection and operational integrity. The company strives to exceed regulatory obligations, employing rigorous hazard analysis evaluations and ensuring that safety devices are regularly tested. With best-in-class GHG intensity in the Barnett Shale, Sage uses air as the medium in pneumatic control devices and installs storage tanks in impervious-lined containment. The company boasts a TRIR of 0.65 and has had zero recordable injuries in the past two years. Additionally, their spill rate is 11.8 barrels per 100,000 barrels produced, with over 70% of spilled product captured and recovered.

Sage Natural Resources' Community Engagement

Sage Natural Resources places a strong emphasis on making a positive impact in the communities where they operate. The company ensures processes are in place to continuously identify, assess, and manage risks and stakeholder obligations at all organizational levels. Sage is also committed to transparent communication and operational integrity. The company's workforce reflects its community-oriented values, with approximately 50% being female and around 10% comprising United States military veterans. Their dedication to community engagement is further demonstrated by providing a convenient and efficient online account management tool for royalty owners through a partnership with EnergyLink.

Sage Natural Resources' Technological and Operational Achievements

Sage Natural Resources has made significant technological and operational strides, notably in reducing their well decline rate by over 60%. Their effective development program is highlighted by the Rosedale pad, which achieved an IP30 of 55MMCFD for under $24 million and an IRR greater than 100%. These achievements underscore the company's ability to optimize and enhance the value of their assets efficiently. Sage's operations are driven by a commitment to safety and reliability, showcasing their capacity to deliver high-performing, cost-effective solutions in the energy sector.