About Recon Resources

History & Foundation

History and Foundation of Recon Resources, LLC

Founded in 2011, Recon Resources is an independent upstream oil and gas company based out of Dallas, Texas. Recon Resources is actively engaged in the acquisition and management of mineral, royalty and non-op working interests. Recon Resource’s core strategy is acquiring non-producing and producing mineral and royalty interest with proven reserves by leveraging the partners many years of combined industry experience and its strategic relationships with multiple oil and gas exploration, production and land companies. To date, Recon Resources has successfully transacted on mineral and royalty interest across 8 states and 54 counties.

Texas

Louisiana

Oklahoma

Wyoming

Ohio

Pennsylvania

West Virginia

North Dakota

Lorenzo Cola
President

Lorenzo's responsibilities include organizational management, business development, leasing, and acquisitions.

Lorenzo began his career with Dale Operating in 2006. In 2008, Lorenzo moved to Pittsburgh PA and managed a Marcellus mineral leasing program for Chesapeake Energy covering more than 700,000 acres with a team of over 100 landmen. In 2011, Lorenzo founded Recon Resources to acquire Marcellus mineral rights.

Mr. Cola is a member of the American Association of Petroleum Landman and studied business and communications at the University of Kansas.

John R. Schurman III
Vice President – Land

John's responsibilities include business development, investment analysis, and investment selection. John is also involved in tracking and analyzing entity production, pricing, price deductions, and acreage development.

John helped found Recon Resources in 2011 where he managed acquisition teams and investment strategy and implementation. Prior to Recon, John worked as District Landman for Dale Operating in Appalachia on behalf of Chesapeake Energy.

Mr. Schurman is a member of the American Association of Petroleum Landmen, the National Association of Royalty Owners, and studied economics at the University of Kansas.

Lonnie R. Holotik III (“Trey”)
Vice President & General Counsel

Trey's responsibilities include legal analysis and counsel, document preparation, title curative and coordinating closings. Trey also handles legal disputes with operators for improper payments, getting interests out of suspense, improper deducts, and being credited incorrect interests.

Prior to joining Recon, Trey worked at EXCO Resources, Inc., where his primary responsibilities included receiving and responding to the NLA Land Department's demands, document preparation, title analysis, discovery preparation, and analyzing and coordinating lawsuits with outside counsel. Additionally, Trey’s legal experience includes drafting and curing title opinions, interpreting and drafting responses to PHMSA pipeline regulatory compliance and enforcement matters, and drafting numerous oil and gas related acquisition and divestiture contracts.

Trey is a licensed attorney in State of Texas and the State of West Virginia and he earned a bachelor degree in economics at the University of Kansas and a Juris Doctorate from Texas Wesleyan School of Law.


Craig Oliver
Chief Financial Officer

Craig is responsible for acquisition analysis, investment selection, capital management, financial reporting, and hedging. Craig was most recently Co-Founder and CFO of a group of privately held automotive companies. Prior to that, Mr. Oliver spent 15 years researching, valuing, and investing in private and public oil and natural gas operators, including the major operators of the Marcellus Shale.

Craig began his career in investment banking with Simmons & Company in 2006. In 2010, Craig joined energy private equity firm White Deer Energy. From 2012 to 2021, Mr. Oliver was employed by hedge funds affiliated with Millennium Capital Management.

Craig has been a Recon Resources investor since 2019 and holds a degree in Finance from Texas A&M University.


Location

  • Recon Resources
  • 6060 N. Central Expressway
  • Suite 730
  • Dallas, Texas 75206
  •  

Contact

  • Main: (214) 865-6065
  • Fax: (214) 919-0122
  • This email address is being protected from spambots. You need JavaScript enabled to view it.
  •  

Investors & Capital Partners

  • Click here to login to your investor portal