Kyle R. Koerner, P.E.

Senior Vice President, Permian Engineering and Development

Kyle is Monterey’s chief engineering and asset development professional in the Permian Basin. He brings to Monterey over  30 years of engineering experience, including conventional and unconventional field development and improved resource recovery. Throughout his career he has held a variety of roles of increasing responsibility with small to Fortune 100 E&P companies in engineering, strategic planning, SEC reserves, and leadership of multi-disciplined subsurface, acquisition and divestiture and project teams in California, Texas, West Africa and Brazil.

In the Delaware portion of the Permian, Kyle has evaluated several solicited and unsolicited tracts for acquisitions, including stacked Avalon, Bone Spring and Wolfcamp plays, sometimes each having multiple commercial benches. He has evaluated range of offset well performances, normalizing for vintage, length, completion, spacing (vertical and horizontal), performed economic analysis of single wells and built up based on development plan assumptions, external conditions like midstream and water disposal capacity, to determine range of $/acre. He has compared analyses to other market metrics including cashflow multiples and analogous deals under similar economic conditions. Throughout the Permian, Kyle has assisted development engineers with “value” maps based on discrete deals both evaluated internally and those known commercially available deals and has evaluated basin-wide well performance across multiple benches, accounting for vintage, completed length, completion, spacing, parent-child relationships, etc. leveraging data scientists and basin statistics to develop a relationship of degraded well performance relative to initial well/parent performance. Kyle holds a BSPE from the University of Texas, an MSPE from the University of Southern California, and is a Certified Petroleum Engineer in California.