Berry Mullennix

Mr. Mullennix attended New Mexico State University with a major in Business Administration. During summer and winter breaks from NMSU, he worked for Four Corners Drilling Company in Farmington, New Mexico as a roughneck on various drilling projects in the San Juan Basin of New Mexico. Prior to graduating NMSU in 1983, Berry formed and owned a construction/remodeling company in Dallas, TX which was sold in 1988. In 1989, Mr. Mullennix re-entered the oil and gas industry marketing oil and gas joint ventures for a Dallas based broker/dealer. In mid-1992 he formed Mullennix Consultants, Inc. which acted as an independent consultant and broker to investors and oil companies, consulting on financing (bank, institutional, and private) mergers, acquisitions and investments.

He has worked on project financing (including senior debt, equity, VPPs, mezzanine, etc.) from $100M-$1B. In December 1995, Roy Grossman and Mr. Mullennix formed Mannix Oil Company, Inc., an early pioneer of horizontal CBM development which was sold to Williams Production Company in 2001. In late 2002 Mullennix/Grossman formed Cannon Energy which was funded by Kayne Anderson.

Cannon was sold to form Panther Energy Company, LLC in 2005 which was majority owned by the Southern Ute Indian Tribe. Panther had as many as 100 employees and operated in Texas, Oklahoma, Montana and North Dakota. The company had as many as nine rigs running in multiple basins and did over $1.5B in transactions over seven years. In November 2013, Mullennix/Grossman collaborated with Kayne again to form Panther II which leased, drilled and sold a Delaware basin project in just over 36 months for $863MM.

Finally, in November of 2017 Panther Energy III was formed with $375MM from Kayne Anderson and others. Mr. Mullennix is a member of multiple states’ oil and gas associations including the IPAA, the board of the Oklahoma Independent Petroleum Association (current Chairman) the board of the Domestic Energy Producers Alliance (Secretary/Treasurer) and the board of Council for a secure America. Mr. Mullennix also serves on the board of the Harold Hamm Diabetes Center at OU Medical Center.