Point Energy Partners strengthened its Delaware Basin management team with the recent promotion of Jay Brenner as well as the hiring of Joel Acosta and Cameron Boyd.

“I am delighted to have these three engineering experts with Point Energy and am confident they will help optimize and accelerate the ‘full stack’ development on our core Texas Delaware Basin leases and minerals,” Point Energy CEO Bryan Moody commented in a company release on Feb. 15.

Founded in 2017 by Moody and CFO John Sabia, Point Energy is focused in the Delaware sub-basin of the Permian with an active drilling program. The Fort Worth, Texas-based private oil and gas company, which has assembled more than 15,000 gross operated acres in Loving and Ward counties, Texas, continues to explore growth opportunities including bolt-on acquisitions surrounding its existing acreage, according to the release.

“With Joel Acosta leading our drilling and construction, Jay Brenner leading our completions and production optimization and Cameron Boyd leading our facilities and field operations, there is no other team I would rather have in the Delaware Basin,” Moody added in the release.

Brenner, who joined Point Energy in 2021 as vice president of operations leading the company’s completions, water recycling and production operations efforts, will now serve as senior vice president of operations.

According to the release, Brenner’s 10 years of experience prior to joining Point Energy has been almost completely focused on the Delaware Basin, where he led the completions teams for RKI Exploration & Production, WPX Energy and Devon Energy. Additionally, he has led field superintendents, water recycling and reservoir engineering.

Acosta, who joins Point Energy with more than 16 years of drilling and operations experience in the Delaware Basin, most recently with Crescent Consulting, was also named senior vice president of operations.

At Crescent Consulting, Acosta served as vice president of operations, where he teamed with other operators to design, drill and operate wells throughout the country with a focus on Texas, Oklahoma and New Mexico. Prior to Crescent Consulting, he worked at SandRidge Energy, RKI Exploration & Production and WPX Energy where he managed their respective drilling programs, running as many as 26 rigs and leading teams of engineers and superintendents.

The Point Energy release noted that Acosta is particularly adept at managing large capex budgets while striving to control and lower development costs.

Meanwhile, Boyd, who was named as vice president of operations, joins Point Energy with over 18 years of experience in engineering roles focused on facilities, process engineering, material science and technical safety engineering.

Boyd has more than 10 years of experience with Petrofac Facilities Management where he most recently served as director of engineering, focused on designing, building and managing facilities in the Permian Basin. He brings additional experience leading offshore platform facilities modifications, decommissioning and technical safety programs, the release said.

Point Energy Partners is backed by an equity commitment from Vortus Investments Advisors LLC. The Fort Worth, Texas-based private equity firm focuses on the lower middle market upstream energy industry in North America.

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