Fueling Your Future
Providing innovative solutions for the oil and gas industry
Fueling Your Future
Providing innovative solutions for the oil and gas industry
Services
Drilling & Completions
Drilling & Completions
Drilling & Completions
Geology
Drilling & Completions
Drilling & Completions
Reservoir & Production
Drilling & Completions
Reservoir & Production
About Spire Asset Management
Our Background
We are a seasoned management team with world-class operating experience, comprised of senior executive, operational, and geophysical professionals with more than 105 years of combined experience in the Anadarko, Appalachian, Denver, East Texas, Forth Worth, Greater Green River, Michigan, Permian, Piceance, Powder River, San Juan, and Utica Basins. We have a unique expertise in extracting high volumes of oil from low permeability reservoirs and hold a proven track record of applying an integrated, multi-disciplinary approach to achieve superior performance. We've also gained extensive CCSU experience in the Powder River, Washakie Western Gulf, and Williston basins, The managing members of Spire Asset Management are all industry leaders in their respective disciplines. company in the industry. We are proud to have served numerous clients and communities across the country.
Our Strategy
Our business model focuses on developing low-risk, low-cost conventional reservoirs. We focus on technically-known geology targeting reservoirs that benefit from highly-developed G&G skillsets, world-class drilling techniques, and advanced multi-stage completions.
The team has extensive experience in the Private Equity space with a deep understanding of the unique aspects of that investor class. Additionally, we have industry-leading knowledge and contacts in the EB5 program for foreign nationals.
MEET THE TEAM
Mark Wagner
Eric Marshall, P.E.
Michael Shourd
Mark Wagner is a seasoned expert in drilling and re-completing wells, particularly in challenging scenarios. With 43 years of experience, including roles as an operations’ executive for private equity-backed operators and over two decades leading his own petroleum engineering consultancy, he has successfully overseen the design, drilling
Mark Wagner is a seasoned expert in drilling and re-completing wells, particularly in challenging scenarios. With 43 years of experience, including roles as an operations’ executive for private equity-backed operators and over two decades leading his own petroleum engineering consultancy, he has successfully overseen the design, drilling, completion, and re-completion of numerous wells worldwide, with recent projects in Oklahoma and Wyoming. Specifically, he designed and executed side-tracking and recompletion work in the Permian Basin resulting in a ten-fold increase in productivity over the original well performance.
Mark's distinguished career is marked by the development of a highly effective statistical analysis method applied to every project. This approach optimizes project expenditures while minimizing the risk of catastrophic events leading to excessive costs. Furthermore, Mark's expertise extends to artificial lift and production facility design, rounding out his comprehensive knowledge in the industry.
Mark recently concluded a due diligence study for that potential acquisition of an ownership in one of the largest oil discoveries in the world. This included assessments for drilling, completion, oil and gas processing facilities.
Michael Shourd
Eric Marshall, P.E.
Michael Shourd
Michael Shourd, a Certified Petroleum Geologist, brings a wealth of experience across every major US basin to the table. His career has seen him occupy executive positions, where he excels in identifying acquisition opportunities for various companies. Notably, Michael's innovative thinking recently led to the identification of a highly
Michael Shourd, a Certified Petroleum Geologist, brings a wealth of experience across every major US basin to the table. His career has seen him occupy executive positions, where he excels in identifying acquisition opportunities for various companies. Notably, Michael's innovative thinking recently led to the identification of a highly successful redevelopment strategy in a formation initially outside the company's business model. This strategic shift resulted in a remarkable turnaround and a successful exit that otherwise would not have occurred.
With an impressive 44-year industry track record and over 1,000 hours of technical training in the industry's most widely used geologic software packages, Michael possesses a unique skill set for evaluating reservoirs from diverse perspectives. His expertise makes him a leading authority in the identification of bypassed or under-developed, economically viable reservoirs.
Eric Marshall, P.E.
Eric Marshall, P.E.
Eric Marshall, P.E.
Eric boasts a 21-year career dedicated to asset optimization, assisting operators in maximizing the value of their divestments. His expertise extends to designing and implementing stimulation treatments in some of the world's most intricate high-pressure, high-temperature formations.
With a specialization in completions and reservoir engi
Eric boasts a 21-year career dedicated to asset optimization, assisting operators in maximizing the value of their divestments. His expertise extends to designing and implementing stimulation treatments in some of the world's most intricate high-pressure, high-temperature formations.
With a specialization in completions and reservoir engineering, Eric takes a holistic approach to well operations, delving deep into the myriad variables that impact production. This tailored approach ensures a more efficient allocation of capital.
Eric holds a B.S. in Mechanical Engineering from the Colorado School of Mines and is a Registered Professional Petroleum Engineer in multiple states. He actively participates in professional organizations such as the Society of Petroleum Engineers (SPE) and contributes to philanthropic causes such as the Leukemia and Lymphoma Society's Visionary of the Year campaign and the Navy SEAL Foundation's Evening of Tribute Gala. Eric has co-authored numerous technical papers, taught industry courses, and currently serves on program committees for technical conferences and workshops, including one that originated from his own concept.