About Us
Acquire.
Acquire.
Acquire.
Heritage specializes in the organic acquisition of unconventional reservoir assets, or shale assets. Its focus is to build concentrated, consolidated and operated leasehold development positions that provide scale and consistent economic returns.
Develop.
Acquire.
Acquire.
Focused on unconventional shale assets with repeatable and predictable production profiles, Heritage deploys modern drilling technologies and right-sized completion designs to optimize EURs and return on investment.
Produce.
Acquire.
Produce.
Implementing cost cutting measures to facilitate economic well margins.
MANAGEMENT TEAM
Joshua C. Cornell, Chief Executive Officer
Joshua C. Cornell, Chief Executive Officer
Joshua C. Cornell, Chief Executive Officer
Josh received his Bachelor of Arts in Business Administration from the University of Central Oklahoma and his Master of Science in Energy Legal Studies from Oklahoma City University. He began his career with Chesapeake Energy working the Fayetteville Shale. He served as a Senior Landman for Apache Corp. from 2010 to 2015 as part of its G
Josh received his Bachelor of Arts in Business Administration from the University of Central Oklahoma and his Master of Science in Energy Legal Studies from Oklahoma City University. He began his career with Chesapeake Energy working the Fayetteville Shale. He served as a Senior Landman for Apache Corp. from 2010 to 2015 as part of its Granite Wash, SCOOP, Merge, STACK and New Ventures teams which helped build Apache’s 50,000 acre position in SCOOP, drilled over 200 horizontal wells across the business units and served as a member of the evaluation team for the Cordillera Energy Partners III acquisition in the Anadarako Basin at $3 billion, making it one of the largest PDP and leasehold acquisitions in basin history, to further Apache’s “acquire and exploit” business model. Following Apache, he served as Land Manager for Atalaya Resources, LLC acquiring ~7,000 net acres in STACK, which was successfully divested to HighMark Energy, and a ~15,000 net acre position in the Arkoma Basin for the wet gas Woodford Shale, which was successfully divested to Trinity Energy. Joining the Panther team as Land Manager in November 2017 and subsequently promoted to Vice President – Land & New Ventures in 2018. At Panther, Josh amassed a 28,000 net acre operated position in the Powder River Basin (PRB) at a low cost of entry and assembled wells to be drilled in the Niobrara Shale, Mowry Shale and Turner/Frontier formations, which resulted in wells averaging 60 BO per lateral foot or approximately 600MBO EUR wells. Josh Cornell has 17 years experience working as a landman.
Bill Diggs, Chief Operating Officer
Joshua C. Cornell, Chief Executive Officer
Joshua C. Cornell, Chief Executive Officer
Bill graduated from the University of Tulsa with a Bachelor of Science in Petroleum Engineering in 1987. Bill is also a 1990 graduate of Thunderbird with a Master of Business Administration. He has thirty-three years of broad oil and gas industry experience. He began his career with Parker Drilling as an International Administrative Man
Bill graduated from the University of Tulsa with a Bachelor of Science in Petroleum Engineering in 1987. Bill is also a 1990 graduate of Thunderbird with a Master of Business Administration. He has thirty-three years of broad oil and gas industry experience. He began his career with Parker Drilling as an International Administrative Manager with assignments in Gabon, New Guinea and Colombia. In 1993, he joined Williams Technologies where he held several positions ultimately being promoted to Vice President and leading their oil and gas acquisition evaluations. In 2003, he joined Newfield Exploration as an evaluation engineer and performed evaluations which resulted in the successful acquisition of 0.9 TCFe of 2P reserves for $0.23/mcfe. He was then promoted to Development Team Lead where he led a multi-discipline team of sixteen supporting a sixteen-rig development program in the Woodford Shale which deployed $1.4 billion in capital and added 800 BCFe of proved reserves. His last position with Newfield was as Manager Business Development – Midcon where his team evaluated and recommended more than $750 million in acquisitions annually and completed the successful acquisition of 75K net acres in the STACK. He also completed negotiations of a DCP SCOOP midstream services agreement which within eighteen months provided gathering and processing for 180 mmcfd. In 2015, he joined SK Plymouth as Vice President and Director of the Tulsa office. There he led a team of managers and staff of thirty-eight managing drilling, completion and production operations, regulatory, SHE, land, HR, accounting, risk management, procurement, and IT. The assets included a 45K net acre position, 120 producing wells, and a gas gathering and SWD pipeline system (134 miles) with 36K bwpd of disposal capacity. In 2017, Bill joined the Panther Team as Vice President of Engineering where he has led and performed the reservoir engineering of Panther’s acquisition evaluations.
Paul Richardson, Executive Consultant
Joshua C. Cornell, Chief Executive Officer
Paul Richardson, Executive Consultant
Paul was raised in Douglas, Wyoming at the southern end of the Powder River Basin. The diverse and complex geology of Wyoming gave me my interest in geology. After graduating from the University of Oklahoma with a degree in Petroleum Geology, he went to work for Devon Energy as a Geological Technician. It was here that I developed skills
Paul was raised in Douglas, Wyoming at the southern end of the Powder River Basin. The diverse and complex geology of Wyoming gave me my interest in geology. After graduating from the University of Oklahoma with a degree in Petroleum Geology, he went to work for Devon Energy as a Geological Technician. It was here that I developed skills in data organization and software such as Petra, Geographics, and Petrel. While working at Devon, he attended Oklahoma State University in the evenings to obtain a M.S. in Geology. In his years at Devon as a geologist, he had the opportunity to work most of the basins in the Rockies and Mid-Continent including geology exploration leader for the Anadarko Basin. From Devon he went to work for SM Energy in Tulsa where he had his first experiences with the Ark-La-Tex and Gulf Coast regions and continued prospecting the Anadarko Basin. His time at SM was short as private equity companies were developing quickly and he went to work for Double Eagle out of Fort Worth. At Double Eagle, as lead geologist, we had two successful entities; the first in southern Oklahoma and the second in the Midland Basin. After the sale of Double Eagle II to Parsley Energy for $3.7 billion, he went over to another private equity company, Panther Energy, where we discovered and developed prospects in the Powder River Basin and Gulf Coast region of Louisiana.