Top row from left: Neil Stenbuck, Jay Reano, David Rubenking, Wayne Williamson
Seated: Tara Lee, Caroline McClurg, Charles Bybee
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Wayne W. Williamson, Managing Partner
From 1997 until the formation of Plexus, Mr. Williamson served as CFO for Aspect Energy, LLC, primarily involved in capital formation, providing the financial capability for Aspect to grow from a $20 million enterprise to $180 million. He created innovative non-conforming debt structures in addition to Aspect’s senior bank facility that funded an aggressive capital investment program. Each of the lenders received their maximum contractual return. These structures included a “land bank” for funding undeveloped property acquisitions for seismic acquisition; a guaranty by a gatherer/purchaser to enable mezzanine financing for drilling; and a structured financing for a SPE to purchase Aspect producing properties and transferring reserve risk while allowing Aspect owners to keep the upside of the properties in the SPE. In each case, deals were structured so that the interests of all parties participating were well aligned.
Prior to joining Aspect, Mr. Williamson was the CFO for General Atlantic Resources, Inc. and played a key role in its IPO in 1993 and subsequent merger with UMC Petroleum in 1994.
Mr. Williamson received a BSBA in management from the honors program at the University of Denver in 1975, and held various international and domestic accounting positions with Marathon Oil and Trend Exploration until joining General Atlantic in 1989.
Charles D. Bybee, Partner
Prior to joining Plexus in February 2006, Mr. Bybee was a partner at the law firm of Faegre & Benson, LLP and was Plexus’ principal outside counsel on matters for its clients. He has advised public and private companies in connection with mergers and acquisitions, spin-offs, roll-ups, financings, leveraged leases, like-kind exchanges, joint ventures and low income housing tax credit syndications. Mr. Bybee has worked extensively with clients in the oil and gas exploration and production industry and has represented a number of Plexus’ clients in connection with transactions that Plexus has structured for those clients.
Mr. Bybee earned a B.B.A. degree, summa cum laude, in 1984, from Texas A&M University. In 1987, Mr. Bybee earned a J.D. degree, with honors, from the University of Texas. He is admitted to practice law in Colorado and Texas and is a licensed certified public accountant in Texas.
Tara N. Lee
Caroline McClurg, Partner
Prior to joining Plexus, Ms. McClurg was Treasurer at Forest Oil Corporation. From 1989 to 2002, Ms. McClurg held positions in banking and investing at the First National Bank of Chicago, Great-West Life Assurance, Enron Capital and Trade, and U.S. Bank. She has worked on transactions that range from $5 million to $900 million. Deal structures include senior secured debt, volumetric production payments, drilling partnerships, senior bonds, land acquisition funds, and equity.
Ms. McClurg earned a Bachelor of Science degree in Geology from the University of Arizona in 1983 and an MBA from Thunderbird, The Garvin School for International Management, in 1988. She has also completed advanced degree courses in Geology at the Colorado School of Mines.
Jay Reano, Partner
From 1989 until the formation of Plexus, Mr. Reano was the principal of a residential real estate development company and participated in the construction of over 160 units in the Denver and Keystone areas. From 1983 to 1989 he was CFO for a private international management company responsible for ten operating subsidiaries located in seven different countries with combined annual sales of +-$100MM. He started his career with the tax department of Gulf & Western, Industries, Inc. (later acquired by Viacom) with positions in New York City, Amsterdam and the Bahamas.
Mr. Reano earned an MBA with a major in taxation from Iona College, a BSBA in Accountancy from the University of Denver and is a certified public accountant.
David Rubenking, Partner
Prior to joining Plexus, Mr. Rubenking was a principal, director, and CFO of Greystone Energy, Inc., a San Juan Basin gas producer. He was instrumental in influencing the company’s value-creation strategy and capital expenditure program resulting in the doubling of company value and a 500% increase in equity market value within 2 years. He designed and negotiated the structure of Greystone’s capital base ensuring the success of its initial property acquisition at the lowest cost of capital. He negotiated with the company’s bank to finance the early retirement of preferred share obligations enabling the common shareholders to realize larger capital gains upon the sale of the company. From 1989 until 1999, Mr. Rubenking was Managing Director of the Denver Energy Finance Office of Bank of America’s Global Corporate and Investment Bank. He was responsible for managing over $2 billion in corporate debt relationships comprised of a diverse client base in the Rocky Mountain region.
Mr. Rubenking earned a Bachelor of Science degree in Accounting from Indiana University in 1976 and is a certified public accountant. Prior to joining Bank of America’s predecessor NationsBank in 1989, he held various positions in public accounting and corporate banking.
Neil Stenbuck, Partner
Mr. Stenbuck was Executive VP, CFO, and a member of the board of directors of Prima Energy Corporation from 2001 through 2004, when the company was acquired by Petro-Canada for more than $500 million. He was Executive VP, CFO, and a member of the board of directors of Basin Exploration, Inc. from 1995 to 2001. Basin’s market capitalization increased approximately 10-fold during this period, culminating in its merger with Stone Energy Corporation, valued at approximately $500 million. Prior to joining Basin, Mr. Stenbuck was with United Meridian Corporation, where he served as Vice President – Capital, via the 1994 merger between UMC and General Atlantic Resources, Inc., where he had held the same position beginning in 1989. In this capacity, he raised funds from institutions for participation in General Atlantic’s oil and gas investment programs. Mr. Stenbuck joined General Atlantic in 1987 as Vice President – Finance and Accounting. Prior to then, he held senior finance and accounting positions with Premier Resources, Ltd., Page Petroleum, Inc., Credo Petroleum Corporation, and Price Waterhouse & Co. Mr. Stenbuck received a B.S.B.A. degree in Accounting and Finance from the University of Arizona, and is a Certified Public Accountant.
