ERES News Archives - Energy Real Estate Solutions, LLC

BlogHeader_News_2017

ERES Opens First International Office in Neuquén, Argentina

By | ERES News, The Vaca Muerta | No Comments

The commercial real estate firm has expanded to South America to best service clients operating in the highly active Vaca Muerta shale play

 

Jose Barreto | Project/Facilities Manager

Jose Barreto | Project/Facilities Manager

DENVER, CO — January 16, 2019 — Energy Real Estate Solutions (ERES), a full-service real estate firm providing brokerage, development, property management, construction management, and consulting services to North and South American energy markets, announced today it has opened its first international office location in Neuquén, Argentina. The firm expanded globally in order to provide boots-on-the-ground support to meet the increasing demand of clients operating in Argentina’s Vaca Muerta shale play.

Over the past 12 months the Vaca Muerta shale has attracted over $165 billion in commitments from some of the largest players in the industry as they place large bets on the future success of the play, Argentina’s version of the Permian Basin. This significant growth has provided increased demand for development and support services across all facets of real estate in and around the burgeoning shale play.

“ERES has been providing real estate services in the Neuquén Province for well over a year, but as the needs of our clients continue to grow and diversify it became clear we needed to establish a permanent presence in the market,” said ERES CEO Mike Elliott. “Our firm is unique in that we have full capabilities to answer real estate needs across the entire continuum – from construction to brokerage to facilities management, including workforce housing. By opening an office in Neuquén, we can expedite and strengthen our clients’ expansions in the Vaca Muerta, helping them to efficiently seize current opportunities in an area where infrastructure is still being established.”

To lead the new office ERES has brought on Jose Barreto as Project/Facilities Manager. In this role he will be responsible for the oversite of all client projects, ensuring on-time and on-budget deliveries. Barreto joins the firm with six years of international project management and facilities operation experience, most recently serving as Project Manager for an over $8MM development project in Panama.

Vaca Muerta Shale Play

Vaca Muerta Shale Play

“For oil and gas companies without a solid presence in Vaca Muerta markets, managing real estate projects is nearly impossible,” says Barreto. “Being a part of ERES, who has the experience – and now local resources – to ensure investment success, is exciting as it’s definitely a situation of the right company, in the right market, at the right time.”

This marks ERES’ third office opening in the past two years, with the firm expanding to Houston, TX in October 2018 and Midland, TX in 2017. ERES has three additional offices geared toward other emerging and developed energy markets located in Denver, CO (HQ), Fort Worth, TX and Williston, ND. Visit www.energyreco.com/about-us to learn more.

ABOUT ERES
Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. The firm currently operates out of six offices located in Denver, CO (Headquarters), Williston, ND, Fort Worth, TX, Houston, TX, Midland, TX and Neuquén, Argentina. For more information, visit www.energyreco.com.

CONTACT
Julia DuVal
Director of Marketing
julia.duval@energyreco.com

Click HERE for .PDF announcment

BlogHeader_News_2017

Kate Waggoner Joins ERES as Chief Operating Officer

By | ERES News | No Comments

Veteran commercial real estate operations leader will help guide ERES’ continued domestic and international growth and expansion

 

kate waggoner

ERES COO Kate Waggoner

DENVER, CO — January 8, 2019 — Energy Real Estate Solutions (ERES), a full-service commercial real estate firm providing brokerage, development, property management, construction management, and consulting services to North and South American energy markets, announced today that veteran commercial real estate executive Kate Waggoner has joined the company as Chief Operating Officer, a new position within ERES.

Leading operations for some of the largest commercial real estate firms in the industry, Waggoner has held a long and successful career helping companies align business and growth strategies with effective operation, financial and sales tactics. Her primary role at ERES is to oversee company-wide operations, human capital and business strategies across all office locations and worksites. Waggoner’s preliminary focus will be on aligning ERES corporate operational strategies and tools with the rapid growth the firm has experienced across the last several years, helping to stabilize an effective approach to client service, human capital and fiscal efficiency.

“Kate’s industry knowledge and depth of experience is an incredible asset to ERES as a company, but most especially to our clients,” says ERES CEO Mike Elliott. “With her at the operations helm ERES will work smarter and more efficiently, helping to strengthen our service offerings and expand our reach to some of the most active energy markets in the world.”

Before joining ERES, Waggoner served as the COO – U.S. Markets at JLL where she oversaw all operations, finance, human resources, legal, marketing, research and client care functions. Prior to that, she served in a variety of operational roles at CBRE, Inc., culminating as their Global Director of Operations.

“I am excited to hit the ground running in this new role at ERES,” says COO Kate Waggoner. “The immense growth our firm has experienced since its 2014 launch is incredible, and with this new strategic operational focus we can enhance our boots-on-ground services and offer them to new markets and clients.”

Waggoner has previously been named as one of the Denver Business Journal’s Outstanding Women in Business and presented with the Colorado Women of Influence Award, among many others.

To learn more about Waggoner and the full-suite of ERES commercial real estate services, please visit www.energyreco.com.

ABOUT ERES
Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. The firm currently operates out of five offices located in Denver, CO (HQ), Williston, ND, and Fort Worth, Houston, and Midland, TX.

CONTACT
Julia DuVal
Director of Marketing
julia.duval@energyreco.com

BlogHeader_News_2017

ERES Managed Property Receives 2018 Best of Williston Award

By | ERES News, The Bakken | No Comments

The Confluence at Harvest Hills honored as Best Apartment Building in Williston, ND

 

williston

The Confluence at Harvest Hills

WILLISTON, ND — December 28, 2018 — Energy Real Estate Solutions (ERES), a full-service commercial real estate firm providing brokerage, development, property management, construction management, and consulting services to North and South American energy markets, announced today its managed property The Confluence at Harvest Hills was selected for the 2018 Best of Williston Award in the Apartment Building category by the Williston Awards Program.

Each year, the Williston Award Program identifies companies that have achieved exceptional marketing success in their local community and business category. Various sources and criteria are gathered and analyzed to choose the winners in each category, paying close attention to customer service and community involvement. Winners are determined based on the information gathered both internally by the Williston Award Program and data provided by third parties.

“I’m so honored that The Confluence at Harvest Hills has been recognized as the best apartment community in Williston,” said ERES Regional Property Manager Cheri Fox. “At ERES our property management goal is to exceed the expectations of both our property owners and tenants. I, and our entire property management team, work so hard day-in and day-out to reach that goal…and this award is proof it’s working!”

Fox, who has over 22 years of property management experience, has managed The Confluence at Harvest Hills since 2014 continually ensuring top-notch customer service standards and tenant satisfaction. She currently oversees approximately 1,150 multifamily unitns in the Williston, ND area and has served a variety of clients from mid-range to high-end properties. In addition, Fox has served on the Board of the Bakken Apartment Association for two years, last year as Vice President.

To learn more about The Confluence at Harvest Hills, visit www.confluenceapartments.com.

To learn more about ERES property management solutions, visit www.energyreco.com/property-facilities-management.

ABOUT WILLISTON AWARD PROGRAM

The Williston Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Williston, ND area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value. The Williston Award Program was established to recognize the best of local businesses in our community. The organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Their mission is to recognize the small business community’s contributions to the U.S. economy.

ABOUT ERES

Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. The firm operates out of five offices located in Denver, CO (HQ), Williston, ND, and Fort Worth, Houston, and Midland, TX. For more information, visit www.energyreco.com.

 

mike elliott

ERES CEO Mike Elliott Recognized as a Top Energy Sector Leader

By | ERES News | No Comments

The Denver Business Journal has named Elliott a 2018 Who’s Who in Energy

bakken real estate

ERES CEO Mike Elliott

Denver, CO — December 12, 2018 — Energy Real Estate Solutions (ERES), a full-service commercial real estate firm providing brokerage, development, property management, construction management, and consulting services to North and South American energy markets, announced today that Chief Executive Officer Mike Elliott has been selected as a 2018 Who’s Who in Energy award winner by the Denver Business Journal. This is the fourth win for Elliott who previously received the award in 2014, 2015, and 2016.

Each year the Denver Business Journal chooses 100 individuals for its Who’s Who in Energy publication, a profiling of top executives whose position, knowledge or expertise helps guide Colorado’s multibillion-dollar energy sector. Considered go-to experts and key players, Elliott and his fellow recipients were chosen based on a combination of industry outreach, internal research and open nomination.

“I’m very appreciative to once again be recognized as a Who’s Who in Colorado’s energy industry,” said ERES CEO Mike Elliott. “At ERES we strive to provide our clients with the first-hand, accurate energy market intel that ensures smart real estate decisions and successful returns. Receiving this award reinforces that we’re doing right by them.”

Elliott’s unparalleled perspective on the current and future state of shale play real estate development has provided ERES clients, energy companies and investors in Colorado (and beyond) with the insight necessary to maximize and monetize their real estate portfolio amidst uncertainty surrounding oil prices. He spends nearly 95% percent of his time in energy markets to be able to provide a true, boots-on-the-ground perspective on market conditions and trends.

To see the full list of Who’s Who in Energy award winners, visit bizjournals.com.

To learn more about Mike Elliott and Energy Real Estate Solutions, visit www.energyreco.com.

ABOUT ERES

Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. The firm operates out of five offices located in Denver, CO (HQ), Williston, ND, and Fort Worth, Houston, and Midland, TX. For more information, visit www.energyreco.com.

 CONTACT

Julia DuVal
Director of Marketing
julia.duval@energyreco.com

BlogHeader_News_2017

ERES Continues Texas Expansion into Houston

By | ERES News | No Comments

Vice President Patrick Kelly has been hired to enhance ERES’ boots-on-the ground brokerage services throughout Houston

 

PatrickKelly_WebHOUSTON, TX — October 2, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm providing brokerage, development, property management, construction management, and consulting services to North American energy markets, announced today it is further expanding its Texas presence with the addition of a key brokerage position based in Houston. Patrick Kelly has joined ERES as Vice President to enhance the firm’s boots-on-the-ground brokerage services throughout Houston and Texas energy markets.

This marks the company’s second Texas-based brokerage addition in the last three months, adding a Managing Broker to its Midland team in May. Kelly’s hire further sharpens ERES’ focus and strategy in Texas energy markets, where the company has already completed a significant number of brokerage, construction and property management projects through its Fort Worth and Midland office locations.

“Pat’s history and knowledge of the Houston market and energy sector allows ERES to better serve our existing and future clients throughout the state of Texas,” says Mike Elliott, ERES Founder & Managing Principal. “We now have an increased ability to provide full-scale, on-the-ground real estate services in one of Texas’ largest and most active markets.”

Kelly joins ERES with over 18 years of commercial brokerage and development experience, specializing in the acquisition, disposition, development, construction, evaluation and underwriting of investment grade real estate. A vast background in Houston markets and the energy sector, his focus is providing brokerage services for office and industrial properties in the 5,000 to 50,000 square foot range. In addition, Kelly provides ERES clients with extensive experience in the site selection, valuation and acquisition of raw land.

Kelly can be reached at patrick.kelly@energyreco.com or (281) 923-4303. ERES has four additional offices geared toward other emerging and developed energy markets located in Denver, CO (HQ), Fort Worth, TX, Midland, TX and Williston, ND. Go to www.energyreco.com/contact to learn more.

ABOUT ERES
Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. For more information, visit www.energyreco.com.

CONTACT
Julia DuVal
Director of Marketing
720.403.8423
julia.duval@energyreco.com

BlogHeader_News_2017

ERES Nominated for 2018 Consultancy of the Year Oil & Gas Award

By | ERES News | No Comments

ERES has been selected as a finalist in the 6th Annual Rocky Mountain Oil & Gas Awards

 

eres nominatedDENVER, CO — August 14, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North American energy markets, announced today it has been nominated for Consultancy of the Year at the 2018 Rocky Mountain Oil & Gas Awards.

Since 2012, the Oil & Gas Awards seek out the best companies who push the energy industry forward when it comes to the core values of operational excellence, health and safety, corporate social responsibly and environmental stewardship. The awards are broken into four regional boundaries and 25 nomination categories, with winners chosen by a panel of over 100 senior energy executives.

ERES has been nominated in the Rocky Mountain region for the category of Consultancy of the Year. This award recognizes premier third-party consultancy services provided to upstream, midstream and downstream companies. ERES was selected as a finalist by demonstrating an impressive record of delivering innovative, original and consistent third-party advice on strategy, project delivery and execution to energy companies in the Rocky Mountain region.

“It’s an honor to be nominated by the Oil & Gas Awards as Consultancy of the Year” says ERES Founder & Managing Principal Mike Elliott. “Being recognized as a valuable partner is so important to us because we understand how difficult and time-consuming shale play real estate can be for energy companies, especially in rural markets. Our main goal has always been to provide clients with the boots-on-the-ground insight into these markets that are so critical to the success of their business…ensuring positive returns and continued opportunities.”

The 2018 Rocky Mountain Oil & Gas Awards winners will be announced at a gala dinner held August 21st in Denver, CO. The full list of finalists can be viewed here.

To learn more about Energy Real Estate Solutions, please visit www.energyreco.com.

ABOUT ERES

Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. For more information, visit www.energyreco.com.

CONTACT
Julia DuVal
Director of Marketing
720.403.8423
julia.duval@energyreco.com

BlogHeader_News_2017

ERES Founder & Managing Principal Mike Elliott to Speak at 2018 Bakken Conference & Expo

By | ERES News | No Comments

Elliott is the only commercial real estate expert presenting at the premier three-day shale oil event

 

bakken real estate

ERES Founder & Managing Principal Mike Elliott

Watford City, ND — July 12, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North American energy markets, announced today Founder & Managing Principal Mike Elliott will be speaking at the 4th annual Bakken Conference & Expo, one of North Dakota’s premier shale oil events, taking place July 16-18 in Watford City, North Dakota.

Elliott will be presenting on the Bakken 2.0 panel, examining the new realities for real estate, roads and community enhancement in the Bakken shale play. Joining Elliott on the four-person panel are Williston Economic Development Director Shawn Wenko, The Renaissance Companies Building Manager Muriel Lippert and Executive Director of Watford City Economic Development Daniel Stenberg.

During his portion Elliott will highlight key observations related to the impact of oil prices on real estate supply, demand, pricing, and development. Attendees will walk away with practical examples of how those entrenched in the energy real estate landscape can minimize risk whilst capitalizing upon current and future opportunities.

“The news about the historic rise in U.S. oil production is everywhere you turn, and North Dakota real estate owners and investors are right to expect profitable times,” says ERES Founder & Managing Principal Mike Elliott. “Markets have stabilized, capital is coming into core markets, and we are now entering an upswing where Bakken real estate assets are experiencing lowered inventories and increased demand.”

Elliott has over 25 years’ experience in the real estate industry, specializing in the energy industry with an emphasis on key shale plays such as the Bakken. He has become a go-to expert in North Dakota real estate markets, offering deep knowledge and expertise in the various ways energy activity positively, and negatively, impacts real estate investments and development.

For full Bakken Conference & Expo information, including the three-day agenda, visit www.thebakkenconference.com.

ABOUT ERES

Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. For more information, visit www.energyreco.com.

 

CONTACT
Julia DuVal
Director of Marketing
720.403.8423
julia.duval@energyreco.com

BlogHeader_News_2017

ERES Expands West Texas Presence with the Addition of Key Brokerage Position

By | ERES News | No Comments

New Texas Managing Broker position will increase ERES’ on-the-ground brokerage capabilities throughout Permian energy markets

 

PearsonDavidMidland, TX — May 31, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm providing brokerage, development, property management, construction management, and consulting services to North American energy markets, announced today the addition of a newly created brokerage position based out of the company’s Midland, TX office. David Pearson has joined ERES as Texas Managing Broker to support the company’s brokerage division, focusing on business development and activity throughout the Permian Basin and West Texas energy markets.

Pearson’s addition further sharpens ERES’ focus and strategy in Texas energy markets, where the company has already completed a significant number of brokerage, construction and property management projects through its Fort Worth and Midland office locations.

“West Texas markets, like Midland, continue to be extremely active hubs of energy activity for the southern part of the United States,” says Mike Elliott, ERES Founder & Managing Principal. “By establishing this new brokerage position and adding David to the team, ERES now has an increased ability to provide full-scale, “boots-on-the-ground” real estate services across Texas.”

Pearson joins ERES with over 15 years commercial brokerage experience, specializing in the acquisition, disposition, development and maintenance of commercial and unimproved properties. He adds unique value to current and future clients due to his varied background and vast expertise in land acquisition evaluation, financial analysis, agriculture, and the oil and gas industry.

“David is an engaged real estate partner who provides highly focused client services in energy markets that are consistently fluctuating,” says Elliott. “His strength lies in his ability to identify, analyze and value commercial property opportunities that hold long-term appreciation potential and income stream generation.”

Prior to joining ERES, Pearson ran his own successful Lubbock-based brokerage firm, spent 15 years as a Principal Land Broker specializing in the acquisition, development and expansion of unimproved properties, and was Vice President at one of Texas’ largest bank holding companies servicing clients with credit needs from $10 to $100 million. He is currently a member of the North Texas Commercial Association of Realtors and has been a licensed real estate Broker in Texas since 2005. Pearson has also held broker licenses in Arkansas, New Mexico and Oklahoma.

Pearson will be located at 303 West Wall Street, Suite 1002 in Midland in the epicenter of downtown business activity.  ERES has three additional offices geared toward other emerging and developed energy markets located in Denver, CO (HQ), Fort Worth, TX, and Williston, ND.

To learn more about David Pearson and Energy Real Estate Solutions, please visit www.energyreco.com.

ABOUT ERES
Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. For more information, visit www.energyreco.com.

CONTACT
Julia DuVal
Director of Marketing
720.403.8423
julia.duval@energyreco.com

BlogHeader_News_2017

ERES Joins Williston Economic Development Week Panel Discussion

By | ERES News | No Comments

Broker Deano Vass to review the City’s economic atmosphere at The Retail Summit on May 9th

 

Vass_DeanoWilliston, ND — May 8, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North American energy markets, has announced its participation in Williston Economic Development Week as ERES Broker Deano Vass joins the panel discussion “Williston’s Economic Atmosphere” at The Retail Summit on Wednesday, May 9th.

Organized by the City of Williston, The Retail Summit is designed to attract new businesses and support current retailers in the Williston Trade Region. During this free event, held 7:30 am to 11:30 am, panelists will discuss marketing techniques for local business, available commercial space for lease or purchase, financial incentives for new businesses and the demographics of Williston shoppers.

“With Bakken oil production activity reaching historic levels we are definitely seeing increased demand for commercial space across Williston,” says ERES Broker Deano Vass. “Retailers who want to buy or lease space need to act fast, and know where to look, while there is still inventory on market.”

Vass has over 35 years’ of commercial real estate experience and deep insights into various facets of the industry. Based in Williston, his knowledge of North Dakota and, specifically, the Bakken area has provided ERES with an increased ability to provide knowledgeable, on-the-ground brokerage and real estate consulting to clients from all sectors in this challenging market.

To learn more about Energy Real Estate Solutions, and to search area commercial real estate listings, please visit www.energyreco.com.

ABOUT ERES
Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. For more information, visit www.energyreco.com.

CONTACT
Julia DuVal
Director of Marketing
720.403.8423
julia.duval@energyreco.com

BlogHeader_News_2017

Energy Real Estate Solutions Announces Four-Year Anniversary

By | ERES News | No Comments

The full-service real estate firm focuses on longevity and breadth of services as it releases key growth statistics

 

energy real estateDenver, CO — April 3, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North American energy markets, has announced its four-year corporate anniversary. Launched in Denver, CO in April 2014, ERES has experienced significant growth since opening its doors, despite past uncertainty and tumult in the energy industry.

“We are so proud of the expansion and success ERES has experienced over these past four years,” said Mike Elliott, ERES Founder & Managing Principal. “Energy markets have certainly felt the turbulent ups and downs of crude oil prices, but ERES’ momentum has remained strong and the market impact we have curated for our clients is palpable.”

2014 – 2018 Key Growth Statistics:

  • Completed real estate services and transactions in 22 U.S. states and four countries
  • Opened four regional offices located in Denver, CO (HQ), Williston, ND, Midland, TX and Fort Worth, TX
  • Expanded to a real estate team of over 130 staff members
  • Reached $10 million in 2017 estimated revenue, up 45% from 2016
  • Represented the sale or lease of over $750 million of land or property (2017 EOY)
  • Managed over 4.5 million square feet, including 3,000+ multifamily units (2017 EOY)

With a cultivated specialization in key shale play markets, ERES has become the go-to expert for businesses with operations in and around the world’s most active energy markets, offering deep knowledge and expertise in the various ways oil activity impacts real estate investments and development.

“Our industry knowledge and market insight are a critical asset to clients seeking better ways to maximize their real estate portfolios,” said Elliott. “As we look to the future, ERES will continue to leverage our unique business model to provide sophisticated, tailored services to ensure the success of our clients’ real estate endeavors…no matter what the energy markets have in store.”

So far this year the real estate climate has been quite positive for major U.S. shale plays, with crude prices stabilizing and production activity continuing to increase from the Bakken to the Permian. In November 2017, U.S. crude oil production broke 10 million barrels a day for the first time in 48 years. All data points convey that the U.S. could soon become the largest oil producer in the world, which is incredible news for field service real estate investments.

“We already are seeing dramatic real estate inventory decreases in the markets where we do business,” said Elliott. “If the current production upswing continues as predicted we are going to help hundreds of clients see big returns on their shale play investments. We’re very excited to see what’s next.”

To learn more about Energy Real Estate Solutions, please visit www.energyreco.com.

ABOUT ERES
Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. For more information, visit www.energyreco.com.

CONTACT
Julia DuVal
Director of Marketing
720.403.8423
julia.duval@energyreco.com