Primary Focus

Our primary focus is on operating and investing in high quality, long-lived producing properties predominantly in the Rockies, Permian and Midcontinent.


Grizzly Energy is a US onshore energy company. Our primary focus is on operating and investing in high quality, long-lived producing properties predominantly in the Rockies, Permian and Midcontinent.

By coring up around established basins, we can deeply understand our operating environments. This knowledge allows us to continuously identify low risk capital investments and efficiencies in operating costs. Sharing of best practices across our operations and striving to always improve is central to our culture.

Grizzly Energy is committed to creating a stable production portfolio and promoting free cash flow throughout mid-cycle pricing. Active portfolio management remains an area of emphasis for delivering our strategy. Also, core to our culture is Grizzly’s attention to the well-being of our employees, communities and the environment.

Company Officers

Steve W. Herod

Chief Executive Officer

Steve W. Herod is our Chief Executive Officer and has served in such capacity since February of 2020. Mr. Herod was a co-founder and Executive Vice President – Corporate Development of Halcon Resources Corporation from 2012 to 2019. Additionally, he was a co-founder and Executive Vice President – Corporate Development of Petrohawk Energy Corporation from 2003 until Petrohawk’s sale to BHP Billiton in 2011. Mr. Herod served as Executive Vice President – Corporate Development for 3TEC Energy Corporation from 1999 to 2003 and served as President of Shore Oil Company from 1992 until the merger of Shore with 3TEC in 1997. From 1984 to 1991, he was with Conquest Exploration Company in various financial management positions. Mr. Herod began his career in 1981 as a financial analyst with Superior Oil Company and has a Bachelor of Science degree in Finance and Management from Oklahoma State University.

Ryan Midgett

Chief Financial Officer

Ryan Midgett is our Chief Financial Officer and has served in such capacity since January of 2018. Most recently, he served as Vice President, Finance and Treasurer with responsibility for strategic planning, budgeting and forecasting, economic analysis of the Company’s organic opportunities and M&A transactions, oversight and execution of numerous capital markets transactions and supervision of the Company’s insurance and risk management program, as well as other corporate treasury responsibilities. Prior to joining the Company in 2011, Mr. Midgett served in various financial analyst, investor relations and business development roles at Linn Energy from 2006 to 2011. He received his B.A. in Economics, Managerial Studies and Political Science from Rice University.

Keith Froebel

Vice President – Operations

Keith Froebel is our Vice President – Operations and has served in such capacity since July of 2018. Previously, he served as the Operations Manager, Northern Division and the Reserves and Budget Manager.  Prior to joining the Company in July 2012, Mr. Froebel was co-founder and President of Reveille Resources, LLC from 2007 to 2012.  Prior to Reveille Resources, Mr. Froebel was an Area Engineer at Fina Oil & Chemical (Total) from 1989 to 2006.  Mr. Froebel began his career with GoldKing Production Company (Denovo Oil & Gas) in 1981 as a Petroleum Engineer.  Mr. Froebel has a B.S. in Petroleum Engineering from Texas A&M University.

Jamie Hansen

Vice President, Finance & Treasurer

Jamie Hansen is our Vice President – Finance and Treasurer and has served in such capacity since May of 2020. Ms. Hansen joined the Company in April 2018 as Treasurer, where she focused on corporate finance, strategic planning, investor relations and other corporate treasury responsibilities. Ms. Hansen previously served as Assistant Treasurer of Energy XXI Gulf Coast Inc. from August 2015 to March 2018 in addition to various corporate finance, business development and financial planning roles at Energy XXI since 2006. Ms. Hansen holds a M.B.A. with a concentration in Finance from the University of Houston and a B.A. in Management from Texas A&M University.

Diane J. Hudnall

Vice President - Engineering

Diane J. Hudnall is our Vice President - Engineering and has served in such capacity since January of 2020.  Most recently, she served as the Reservoir Engineering Manager with responsibility for establishing the quarterly and annual corporate reserves assessment and providing the economic evaluation of organic opportunities, existing PDP return to production opportunities and M&A opportunities.  Prior to joining the Company in 2015, Ms. Hudnall served in various engineering and geoscience management roles at Eagle Rock Energy Partners, Penn Virginia, Royal Dutch Shell and Anadarko Petroleum. She received her M.S. in Geology/Geophysics from University of Wisconsin – Milwaukee.

Sasha Vaikhman

General Counsel and Vice President – Legal

Sasha Vaikhman is our General Counsel and Vice President - Legal and has served in such capacity since February of 2020.  Prior to joining Grizzly, Ms. Vaikhman was the Associate General Counsel at Riviera Resources f/k/a Linn Energy, where she was responsible for managing litigation, assisting with labor and employment, compliance and royalty matters.  Most recently, Ms. Vaikhman worked on Linn's bankruptcy claims process and litigation, and on Linn's post-restructure divestitures.  From 2006 until 2011, Ms. Vaikhman was Corporate Counsel at Service Corporation International and, from 2002 until 2006, Ms. Vaikhman was an employment litigator at Haynes and Boone, LLP.  She received her law degree from the University of Texas at Austin and her undergraduate degree from Rice University.

Board of Managers

Kevin Asarnow

Kevin Asarnow is an Executive Director at RPA Advisors, LLC with 11 years of experience providing financial and turnaround advisory services to companies, boards and creditors in distressed situations.  Mr. Asarnow specializes in the upstream oil and gas and mining industries, having represented senior secured lenders in the restructurings of several public and private Exploration and Production (“E&P”) companies, including the Chapter 11 reorganizations of EV Energy Partners, Fieldwood Energy, and Stone Energy.  Mr. Asarnow has also advised boards of directors in asset sales and other strategic transactions, including advising the board of Aventine Renewable Energy in the Company’s merger with Pacific Ethanol, creating the sixth largest ethanol producer in the United States.  Prior to joining RPA Advisors in 2011, Mr. Asarnow was a Director at Capstone Advisory Group, LLC, a restructuring and turnaround consulting firm.  Mr. Asarnow began his career as analyst at Standard & Poor’s Rating Services.  Mr. Asarnow received a B.S. in Finance from Lehigh University.

Patrick J. Bartels Jr.

Patrick J. Bartels Jr. is an investment professional with 20 years of experience in distressed companies.  Mr. Bartels has served as a director on over 20 public and private boards, including several oil and gas companies and several companies that are engaged in an active restructuring process.  Mr. Bartels has also led steering and ad hoc creditor committees in several Chapter 11 reorganizations.  Most recently, Mr. Bartels has served as Managing Member at Redan Advisors LLC since December 2018.  From April 2002 to November 2018, Mr. Bartels served as an investment professional at Monarch Alternative Capital LLP (“Monarch”), a hedge fund with $5.5 billion in assets under management, focusing on investment opportunities in bank debt, bonds, equities securities and CDS across a number of sectors.

From 2010 to 2018, Mr. Bartels was a Managing Principal at Monarch.  Prior to joining Monarch, Mr. Bartels served as an Analyst at Invesco from February 2000 to April 2002, focusing on high-yield investments, including in the distressed and oil and gas sectors.  Mr. Bartels also served as a Senior Associate at PricewaterhouseCoopers LLP’s Audit and Business Advisory Services Practice from September 1997 to January 2000, where he was a Certified Public Accountant.   He also holds the Chartered Financial Analyst designation.  Mr. Bartels received a B.S. in Accounting with a concentration in Finance from Bucknell University.

Stephen A. McDaniel

Stephen A. McDaniel is an experienced petroleum engineer and oil and gas executive with 30 years of experience in all aspects of U.S. upstream businesses.  Mr. McDaniel had 15 years of experience at EnerVest, Ltd., serving as President and Chief Executive Officer from 2014 to 2015.  During that time, Mr. McDaniel played an instrumental role in growing the company into the largest U.S. private equity/operator upstream company and a top 25 producer in the United States. 

Since 2016, Mr. McDaniel has served as an oil and gas consultant offering property acquisition services for start-up E&P companies, including engineering evaluations, asset development evaluations, financial modeling, and bid advice.  Prior to joining EnerVest in 2000, Mr. McDaniel had 12 years of experience as a petroleum engineer for Santos USA Corp., Coastal Oil & Gas Corporation, and OXY USA Inc.  Mr. McDaniel received an M.B.A. and B.S. in Petroleum Engineering from the University of Oklahoma.

Dean E. Swick

Dean E. Swick has 40 years of corporate governance, strategic planning, performance improvement, financial management, and restructuring leadership experience as a member of senior management and an advisor for public and private companies in the oilfield service, upstream, midstream, and downstream sectors.  Until August 2018, Mr. Swick was a Managing Director at Alvarez & Marsal North America, LLC (“A&M”) where he served as the Co-Leader of Energy Restructuring.  Mr. Swick’s experience in oil and gas restructuring includes serving as lead restructuring advisor to Stone Energy, Key Energy Services, and Express Energy Services.  Mr. Swick has served in senior management positions at several oil and gas companies, including as Chief Restructuring Officer of Swift Energy, Vice President Finance at GSE Environmental, and Interim Chief Financial Officer at Dresser, Inc.  In addition, Mr. Swick has led operational and financial performance improvement engagements at a number of oil and gas companies. 

Prior to joining A&M, Mr. Swick was a Partner and Leader of Global Energy Investment Bank and Southwest Restructuring at Arthur Andersen from 1992 to 2002.  Mr. Swick also served as a Managing Director at the predecessor to JP Morgan Chase from 1987 to 1992 where he worked in financing companies in the oil and gas industry.  Mr. Swick received an M.B.A. from Northeastern University and a B.S. in Economics from St. Lawrence University.

Mike Wichterich

Mike Wichterich is the Founder and Chief Executive Officer of Three Rivers Operating Company LLC, an E&P company that has launched four Permian-focused ventures with the backing of Riverstone Holdings, NYC.  The Three Rivers entities have made over 18 acquisitions, aggregating over 380,000 net acres and operated over 1,000 wells.  Over the course of seven separate sales, through the divestiture of a majority of the assets for each of the entities, the Three Rivers team has generated total sale proceeds of more than $2.8 billion and profits in excess of $1.4 billion.

Mr. Wichterich also serves as a Member of the Board of Directors of Three Rivers Operating Companies LLC and Sabine Oil and Gas. Prior to joining the Three Rivers projects, Mr. Wichterich served as Chief Financial Officer of Texas American Resources Company from 2006 to 2009, New Braunfels Utility from 2004 to 2005, and Mariner Energy Inc. from 1998 to 2003.  Mr. Wichterich also served as a Senior Manager at PriceWaterhouseCoopers from 1989 to 1997.  Mr. Wichterich received a Bachelors in Business Administration in accounting with a concentration in finance from the University of Texas at Austin.

Sustainability: People, Community and Environment

People are the cornerstone of Grizzly’s business success

  • Grizzly Energy offers all of our employees competitive pay and benefits and the opportunity to develop
  • Grizzly Energy strives to provide a safe workplace
  • Grizzly Energy believes in being a good neighbor and supporting our communities
  • Grizzly Energy understands the importance of environmental stewardship