Jonathan Farber of Lime Rock Partners joins Chuck Yates and Collin McLelland to talk about his impressive 79x return from the CrownRock sale and the patience it takes to hold onto assets in the energy sector. Along the way, Farber shares a humorous story about helping Chuck’s ex-wife pick out a Ferrari, showing that private equity extends beyond just energy investments. The conversation dives into the flaws of the divestment movement and the stubbornness required to survive in the oil patch, all delivered with a sharp blend of financial insights and humor.

https://mineralconference.com/register/sign-up/

Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.

Click here to watch a video of this episode.

Click here to view the episode transcript.

00:00 - Intro
07:58 - Lime Rock’s Structure
11:39 - Capital Discipline
15:42 - The Wolfberry
19:01 - Last Mover Advantage
22:37 - Current Market Trends
23:17 - Market Consolidation
29:00 - Minerals in Energy
30:50 - Chuck Yates on Lime Rock
33:54 - Non-Operational Strategy
36:00 - Successful Deal-Making
40:53 - Early Career Insights
47:16 - Energy Finance History
50:05 - Investment Banking Overview
52:58 - Founding First Reserve
55:29 - Energy Private Equity Origins
58:10 - Matt's Poker Career
01:01:40 - Limited Partner World
01:05:14 - Benefits of Hydrocarbons
01:10:58 - Energy Scarcity Discussion
01:12:30 - Investor Mindset Shift in Oil & Gas
01:16:14 - Global Energy Needs
01:18:30 - Nuclear Power & Synthetic Hydrocarbons
01:19:00 - Future of Hydrocarbons
01:20:30 - College Study Recommendations

https://www.instagram.com/digitalwildcatters
https://www.tiktok.com/@digitalwildcatters
https://www.facebook.com/digitalwildcatters
https://twitter.com/DWildcatters