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Tulsa oilman Doyle Williams tops career with Triple Crown

Cattle drove Doyle Williams into the oil and gas industry. Family keeps him there.

The 40-year veteran’s journey as a modern-day wildcatter began when he gave up college to roughneck on wells in west Texas, Oklahoma, Louisiana and offshore. He also ranched a little and used those assets as a down payment to start his first company, Wilmco.

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Triple Crown Energy Closes Pair of Kansas Drilling Joint Ventures

Tulsa, Oklahoma – November 12, 2014 ‐ Triple Crown Energy LLC (Triple Crown), an oil and gas exploration and production company based in Tulsa, Oklahoma, announced today that it has closed a pair of drilling joint ventures with U.S. Energy Development Corporation (U.S. Energy) and Millennial Energy Partners, LLC (Millennial), and plans to drill up to 24 wells on its Kansas acreage holdings in the next 12 months.

“Developing our core Kansas holdings with two experienced industry players brings complementary strengths to the table, and that gives us a competitive advantage in Kansas,” said Chase Williams, a Triple Crown principal. “Our team performed extensive technical analysis of our assets and, together with our partners, we have developed what we believe are very promising initial drilling locations,” Williams added.

The first joint venture with U.S. Energy features the sale of a 50% working interest on approximately 2,500 net acres in Hodgeman and Ness Counties, Kansas.

“The joint venture with Triple Crown is consistent with our strategy of rapid, prudent expansion across a variety of plays,” said Jordan Jayson, the CEO of U.S. Energy. Jayson added, “We have great confidence in the Triple Crown team and believe that the partnership with our team will enhance drilling results.” Triple Crown’s second partner is Millennial Energy Partners, LLC, with the joint venture featuring the sale of a 25% working interest on approximately 10,000 net acres in Hodgeman, Ness and Gove Counties, Kansas, inclusive not only of the U.S Energy joint venture acreage but also of additional acreage.

“We are thrilled at the opportunity to partner with Triple Crown in Kansas, and this investment is consistent with one of our core strategies – forming strategic partnerships with proven oil and gas operators,” said Philip Gayle, executive vice president of Millennial Energy Partners. Each joint venture was structured as a “cash and carry” joint venture in order to launch Triple Crown’s vertical drilling program in Kansas. The terms provide that development efforts could extend to all of Triple Crown’s approximately 40,000 net acres in Kansas. Triple Crown will operate the assets and drilling operations are already underway.

Michael De Voe Piazza of Willkie Farr & Gallagher and Chris Miller of Bracewell & Giuliani led the representation of Triple Crown Energy on the joint ventures while Alan Laurita of Hodgson Russ led the representation of U.S. Energy and John Grand of Vinson & Elkins led the representation of Millennial Energy Partners.


Tulsa-based Triple Crown Energy gains partners for Kansas drilling

A Tulsa oil and gas producer will drill up to 24 wells on its Kansas leases as part of two joint ventures in the next year.

Triple Crown Energy LLC reported Wednesday that it has closed on a pair of joint ventures. The partners are U.S. Energy Development Corp. of Buffalo, New York and Houston-based Millennial Energy Partners LLC.

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