Investment Team

MICHAEL LEBOURGEOIS  
​MANAGING PARTNER

​Michael is the Managing Partner of Black Bay, where he serves on the firm’s Investment Committee and oversees Black Bay’s efforts in sourcing investments, executing transactions, monitoring active portfolio companies as well as firm management and strategy.  Prior to co-founding Black Bay, Michael was a Managing Director at NGP Energy Technology Partners (“NGP ETP”), where he led NGP ETP’s oilfield services investment efforts.  During his nine-year tenure at NGP ETP, Michael was involved with twelve oil & gas service companies.  Prior to joining NGP ETP, Michael served as the Chief Financial Officer and Vice President of Business Development for Auto-Chlor Services and worked at Bank of America Securities in the Natural Resources Investment Banking Group in New York and Houston.  Michael holds an M.B.A. from the A.B. Freeman School of Business at Tulane University, and received a B.A. in Economics with honors from Southern Methodist University.
L. GUY COOK, III 
​PARTNER
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​Guy is a Partner at Black Bay, where he serves on the firm’s Investment Committee and oversees Black Bay’s efforts in sourcing investments, executing transactions, monitoring active portfolio companies and strategy.  Prior to co-founding Black Bay, Guy was an Executive Vice President at Superior Energy Services, Inc. (NYSE: SPN), a diversified mid-cap global oilfield service company.  Guy was responsible for the Drilling Products & Services segment which comprised of eleven subsidiaries operating under legacy brand names, each of which had complete senior management teams that reported to Guy.  From 1997 through 2004, Guy held various roles at Superior, including Vice President of Corporate Development and Director of Investor Relations. Guy has over 20 years of investing and managing in the oilfield service sector and has led, or been involved in, over 30 transactions and post-closing acquisition integrations.  Guy holds an M.B.A. from the A.B. Freeman School of Business at Tulane University and a B.S. in Corporate Finance from the University of Alabama.
TOM AMBROSE
​PARTNER

​Tom is a Partner at Black Bay, where he serves on the firm’s Investment Committee and oversees Black Bay’s efforts in sourcing investments, executing transactions, monitoring active portfolio companies and strategy.  Prior to co-founding Black Bay, Tom was a Vice President at NGP ETP, where he was responsible for sourcing investments, transaction analysis and execution, and monitoring portfolio companies in the oilfield service and technology sector. Prior to joining NGP ETP in 2011, Tom served as the Senior Analyst for Halliburton Company’s in-house M&A and Corporate Development group.  While at Halliburton, Tom worked on a number of strategic acquisitions and transactions across the range of Halliburton’s product and service offerings, as well as corporate strategy projects sponsored by the executive team. Tom holds a B.S.M. in Finance and Economics from Tulane University, where he graduated magna cum laude and was a Distinguished Scholar’s recipient, along with an Energy Specialization from the Tulane Energy Institute.
JULIE ISACKS
CFO/CCO

Julie is the CFO and CCO at Black Bay, where she oversees the firm’s administrative, compliance, and regulatory functions. Julie is also actively involved in executing transactions and monitoring Black Bay’s portfolio companies. Julie has nearly 20 years of experience in the oilfield service sector and has worked closely with over 25 operating subsidiaries on financial reporting and internal controls. Prior to joining Black Bay, Julie was a Director of Financial Reporting at Superior Energy Services, Inc. (NYSE: SPN), a diversified mid-cap global oilfield service company. Julie was responsible for financial reporting, SEC compliance, external audit, due diligence on acquisition targets, MD&A preparation, interfacing with subsidiary financial managers and advising on internal control procedures. Julie held various other roles at Superior, including Director of International Accounting.  Prior to Superior, Julie was a Senior Auditor for Ernst & Young. Julie is a Certified Public Accountant and holds a B.S. in Finance and Business Management from the Marshall School of Business at the University of Southern California.
MATT SCHOVEE
PRINCIPAL

​Matt is a Principal at Black Bay, where he is involved with the firm’s efforts in sourcing investments, executing transactions, and monitoring active portfolio companies. Prior to co-founding Black Bay, Matt was an Associate at NGP ETP, where he was responsible for transaction analysis and the monitoring of active oilfield service portfolio companies. Prior to joining NGP ETP, Matt served as the Senior Analyst for Halliburton Company’s in-house M&A and Corporate Development group. While at Halliburton, Matt was the lead analyst for numerous M&A transactions across the oilfield service and technology sector and was involved with executing investment analysis, corporate strategy projects, market research, and internal portfolio analysis for senior executive management and the board of directors. Matt holds a B.B.A. in Finance and a Concentration in Energy Management from the Cox School of Business at Southern Methodist University, where he was also a two-time Academic All-American and Captain of the Men’s Division I golf team.
WILLIAM R. ALPAUGH, JR.
BUSINESS DEVELOPMENT

Will manages Business Development activities at Black Bay, where he is responsible for sourcing new investment opportunities, interacting with corporate development groups, and developing relationships with transaction advisors and other intermediaries.  Prior to joining Black Bay, William was a Research Analyst at Simmons & Company International, where he covered the oilfield service sector.  While at Simmons & Company, William focused on public company research and oil & gas macroeconomic analysis.  William also served as an oilfield service Research Analyst for Wolfe Research in New York.  William holds a Master of Finance with an Energy Specialization from the A.B. Freeman School of Business at Tulane University, a Juris Doctorate from Loyola University, and a Bachelor of Science from the Culverhouse School of Business at the University of Alabama.
SAM SCOFIELD 
SENIOR ASSOCIATE

Sam is a Senior Associate at Black Bay, where he is involved with the firm’s efforts in sourcing investments, executing transactions, and monitoring active portfolio companies. Prior to joining Black Bay, Sam spent three years working in the Energy Investment Banking Group at BMO Capital Markets in Houston, where he focused on M&A advisory work and public and private capital raises within the energy industry. Prior to joining BMO in 2016, Sam worked in the Structured Finance Advisory Group at Ernst & Young. Sam graduated from Tulane University’s A.B. Freeman School of Business with a B.S.M. in Finance, along with an Energy Specialization from the Tulane Energy Institute. Sam was also a two-time Academic All-American, Team Captain, and All-Conference Defensive Player on the Tulane Green Wave football team.
JACK WOOD
ANALYST

Jack is an Analyst at Black Bay, where he is involved with the firm’s efforts in executing transactions, monitoring active portfolio companies, and market analysis. Prior to joining Black Bay, Jack served as an intern in the Investment Banking Division at Tudor, Pickering, Holt & Co. in Houston. Jack holds a B.S.M. in Finance from the A.B. Freeman School of Business and a B.A. in Political Economy from the School of Liberal Arts at Tulane University.
KAREN PHAN
EXECUTIVE ADMINISTRATOR

Karen is the Executive Administrator at Black Bay Energy Capital, where she helps oversee the firm’s day-to-day administrative functions. Prior to Black Bay, she was the Administrative Manager of a staffing company and regulated the Human Resources department for the branch, including the process and compliance of new hires. She double majored in Marketing and Management at the University of Southern Mississippi where she received her BS in Business Administration. She holds a Master of Business Administration and a certificate in Sports Security Management from the University of Southern Mississippi.   

SELECT PORTFOLIO COMPANIES
ADS SERVICES
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ADS Services (“ADS”) is a leading provider of critical pressure-control equipment and services in the Permian Basin. The combination of world-class technical expertise and high quality equipment solutions enables ADS to improve the efficiency and safety of its customers’ drilling and completion operations.
ALTITUDE ENERGY PARTNERS

​Altitude Energy Partners is a premier provider of drilling and completion equipment and services to oil & gas operators in the Permian Basin and Rockies. The company provides wellbore placement technology and directional drilling solutions, as well as wireline and thru-tubing equipment and services.
CLEAN CHEMISTRY​

​Clean Chemistry is a fast-growing, innovative upstream water treatment provider. Founded in 2012, headquartered in Colorado with field offices in Texas, Clean Chemistry developed a patented family of liquid chemistries that evolve Reactive Oxygen Species (ROS). This technology represents a significant disruption to the current inefficiencies in the production, distribution and performance of oxidation and disinfection chemistry. PeroxyMAX provides oil and gas operators a safe, economic chemistry for frac-on-the-fly and produced water re-use.
DYNAMIC CHEMICAL SOLUTIONS​

​Dynamic Chemical Solutions (“Dynamic”) develops and delivers innovative stimulation, completion, and production chemical solutions to oil & gas operators. Dynamic’s largest operating subsidiary, Downhole Chemical Solutions, provides oil & gas operators with a suite of proprietary stimulation fluid systems that deliver superior proppant carrying ability, downhole cleanup and wellbore economics.
​NEXGEN OILFIELD CHEMICALS

NEXGEN Oilfield Chemicals (“NEXGEN”) offers differentiating chemical technologies to increase efficiency and reduce the total cost of operations for oil & gas operators. NEXGEN’s exclusive solutions include a game-changing, non-triazine hydrogen sulfide (“H2S”) scavenger chemistry, SCAVGEN™, that is a true replacement for MEA triazine on a global level. This patent pending technology is field proven and offers superior performance versus any competing technology on the market today.
PIÑON MIDSTREAM

Piñon Midstream (“Piñon”) is a midstream services provider focused on sour gas treating and carbon capture in the Delaware Basin of New Mexico and West Texas. Piñon offers producers in the region a full menu of sour gas services that include field gathering and treating for removal of hydrogen sulfide (“H2S”) and carbon dioxide (“CO2”). Piñon’s Dark Horse Sour Gas Treating and Carbon Capture Facility unlocks previously challenged resource development in Lea County, New Mexico, and Winkler and Loving counties in Texas.
SCS TECHNOLOGIES

SCS Technologies (“SCS”) is a leading provider of critical liquid production measurement equipment, controls and automation solutions in the Permian Basin.  The company custom designs, fabricates and installs advanced liquid measurement systems and provides related field services.
TOTAL OPERATION AND PRODUCTION SERVICES

Total Operations and Production Services (“TOPS”) provides compression systems with a focus on gas lift applications for oil & gas production throughout the Permian Basin. The company custom designs, installs and services advanced electric and gas driven compression systems. TOPS has a strong reputation in the market for its smart and innovative electric-driven compressors that minimize production downtime, lower operating cost and reduce emissions for oil & gas operators through its proprietary configuration and real-time automation & controls.

​LATEST NEWS

Piñon Midstream Launches Unique Sour Gas Treating and Carbon Capture Infrastructure Solution in the Delaware Basin -
​April 27, 2021

William J. Harvey Joins Clean Chemistry’s Board of Directors - April 27, 2021

ADS Services Acquires PowerChokes™ from Expro - November 17, 2020

ADS Services and Frontier International Sign Supply Agreement - October 15, 2019

Black Bay Energy Capital announces Partnership with Total Operations and Production Services - August 14, 2019
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Black Bay Energy Raises $224 Million for Inaugural Fund - July 17, 2018

Clean Chemistry, Inc. Announces Partnership with Black Bay Energy Capital - July 10, 2018

Black Bay Energy Capital Announces Partnership with SCS Technologies - September 25, 2017 

Black Bay Energy Capital Announces Investment in ADS Services - July 19, 2017

Downhole Chemical Solutions Announces an Investment from Black Bay Energy Capital - April 18, 2017


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CONTACT US

BLACK BAY ENERGY CAPITAL
1100 POYDRAS STREET, SUITE 1480
NEW ORLEANS, LOUISIANA   70163
504.227.3020