Black Bay Energy Capital, a private equity firm focused on growth investments for companies in the energy sector, has made several promotions, a team addition, and new strategic advisory board members.
Matt Schovee has been promoted to principal. Schovee is one of Black Bay’s founding members and focuses on origination, structuring, due diligence, and monitoring of investments. Schovee serves on the board of directors at Altitude Energy Partners and SCS Technologies.
Sam Scofield has been promoted to Senior Associate. Sam joined the firm in 2019 after several years in the oil and gas investment banking group at BMO Capital Markets. At Black Bay, Sam focuses on due diligence and monitoring of investments. Sam serves on the board of directors at Piñon Midstream LLC.
Will Alpaugh’s role has been expanded to include origination and business development activities. Will joined the firm in 2018 as an associate. At Black Bay, Will focuses on sourcing and evaluating new investment opportunities, due diligence, and monitoring of investments.
Jack Wood has joined Black Bay as an analyst. Jack focuses on investment research and due diligence.
In addition, Floyd Hammond and Doug Hayes have been added to Black Bay’s strategic advisory board. Hammond is the COO of Ameredev II LLC, a Permian Basin-focused oil & gas producer and serves on the board of directors for Piñon. Hayes serves on the board of directors for NexGen Oilfield Chemicals and Clean Chemistry.
“Matt, Will, Sam and Jack have been instrumental in helping Black Bay scale its investment activities and monitor its portfolio of rapidly growing companies. We are also thrilled to have Floyd and Doug join our advisory board given their deep experience and extensive network in the industry,” said Michael LeBourgeois, managing partner at Black Bay. “Black Bay has worked with Floyd and Doug for years, and they both serve on Black Bay portfolio company boards. Their technical knowledge and operating experience have been extremely valuable to Black Bay as we are evaluating investment opportunities and growing our portfolio companies.”