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"Our long term, patient capital structure provides sellers access to liquidity at attractive valuations and makes Basin Funds a preferred industry partner."

Stephen Howard, CEO

History

Basin Funds was formed in 2009 by Stephen Howard to purchase working interests and to buy mineral and royalty interests throughout the United States. Today, Basin is active in 10 different U.S. regions.

Current Focus

In 2014, Stephen Howard and Mason Manulik launched Basin Acquisition Fund to expand and acquire additional domestic oil and gas interests. The Fund, which closed in late 2014, is seeking assets ranging in size between $5 – $200 million. Basin has hired best-in-class talent in each discipline to ensure quick and thorough evaluations, negotiations, and transaction closings. This team brings years of transaction experience across oil and gas commodity cycles and has completed transactions on over $1 billion worth of assets since 2009.

 

Our acquisition analysis is an asset grounded, cash flow driven process that seeks to create beneficial returns for both the buyer and the seller. Basin’s private funding provides us the ability to transact at our own discretion, which has helped build our reputation as a reliable acquirer of energy assets.

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Our Leadership

Meet the Founders

Stephen Howard
Basin Funds

Stephen Howard

President/CEO

Stephen Howard (President/CEO) is a founder of Basin Acquisition Fund, LP and Basin Acquisition Fund II, LP. Prior to Basin, Mr. Howard was a founding member of Bluestem Energy Partners, LP, an energy-focused private equity-backed partnership, that was sold in 2014 to multiple parties.

At Bluestem Energy Partners, LP, Mr. Howard served as Vice President of Business Development. As an officer of the company, he directed all of the company’s acquisition efforts including transaction analysis, acquisition negotiation, deal structuring, purchase and divestiture efforts, and transaction sourcing. Prior to founding Bluestem Energy, Mr. Howard created Basin Oil and Gas, LLC in 2009, which purchased oil and gas assets across multiple basins and advised various companies on acquisition and divestiture transactions. Mr. Howard has continuously managed Basin Oil and Gas, LLC since its formation.

Mr. Howard graduated from Texas Tech University with a Bachelor of Business Administration. He currently serves on the Board of Ciera Bank, the Texas Alliance of Energy Producers, and the Rolling Plains Quail Research Foundation. He is a member of the Fort Worth Wildcatters and the Independent Petroleum Association of America.

Mason Manulik
Basin Funds

Mason Manulik

CHIEF FINANCIAL OFFICER

Mason Manulik (CFO) is a founder of Basin Acquisition Fund, LP and Basin Acquisition Fund II, LP. Prior to Basin, Mr. Manulik was a co-founder of Bluestem Energy Partners, LP, an energy-focused private equity-backed partnership, that was sold in 2014 to multiple parties.

At Bluestem Energy Partners, LP, Mr. Manulik served as Vice President of Finance. As an officer of the company, he directed all of the company’s financial efforts including transaction analysis, financial modeling, debt structuring, financial reporting, budgeting, banking, cash management, investor relations, human resources, accounting oversight, audit, and commodity derivative transactions. Simultaneously with the creation efforts of Bluestem Energy Partners, LP, Mr. Manulik founded Bluestem Energy, LP, an energy-focused partnership with assets in the Permian Basin.

Prior to Bluestem, Mr. Manulik joined the management team to create Celero Energy Partners, LP in 2006. At Celero, Mr. Manulik assisted in the document preparation and roadshow for Celero’s $1.0 billion fundraise and subsequently served as Vice President of Finance. Prior to Celero, Mr. Manulik was an analyst with Petrie Parkman & Co., one of the world’s leading energy investment banks. While at Petrie Parkman, he performed various investment banking activities for public and private companies and completed over 15 transactions worth nearly $10 billion.

Mr. Manulik earned his B.A. in Economics with a Government Minor from The University of Virginia. He is currently a member of the Texas Alliance of Energy Producers and the Independent Petroleum Association of America.