Financial Analyst Human Resources

William M. Hanten, MBA, CFA

*******.*.******@******.***

**** **** **.

Houston, Texas 77081

Office: 713-***-****

Cell: 713-***-****

Professional Summary

Highly accomplished financial consultant with over 15 years of experience in corporate finance, strategic planning, investment banking

(including mergers, acquisitions, and divestitures), tax equity financing, and credit across various industries including E&P, midstream, power, renewable energy, and alternative investments. Proven track record of delivering comprehensive financial analyses, developing strategic solutions, and leading high-impact projects. Holds the Chartered Financial Analyst (CFA) designation and advanced degrees in finance and accounting.

Professional Experience

Hanten & Co., Houston, Texas September 2016 – Present Founder/Managing Partner

• Specializing in corporate finance, strategic planning, investment banking (including mergers, acquisitions, and divestitures), tax equity financing, mezzanine finance, and credit.

• Provided formal transaction presentations of operational and financial analysis of business valuations, cash flow/liquidity, projected credit events, and other potential financings in the E&P, midstream, power, renewable energy (i.e., solar, battery/storage, wind, biomass, etc.), alternative investments, and other capital and non-capital-intensive industries.

• Worked with clients such as Apache Energy, Apache Industrial Services, Baker Tilly, Enverus (formerly Rig Data), Enterprise Products, GE

(Baker Hughes), Grant Thorton, Haliburton, Invesco, Marcum LLP, Moss Adams, Newbridge Resources, Ralph & Ralph CPA’s, Repsol Renewables North America (RRNA), and Westlake Corporation. NRG Energy, Inc., Houston, Texas October 2014 – June 2015 Principal Analyst, Valuation & Structuring

• Conducted valuation analysis, including acquisitions, divestitures, and greenfield development projects, primarily focusing on non- commodity transactions (i.e., solar, battery/storage, wind, biomass, geothermal, etc.), either participating independently or through joint ventures and strategic alliances.

• Responsible for structured tax equity investing (including modeling partnership flip and sale-leaseback structures) and debt for financing greenfield projects.

• Evaluated terms and conditions for debt and equity financing, including negotiating term sheets, operating agreements, PPA’s, PSA’s, guarantees, and providing other due diligence support and documentation.

• Applied quantitative techniques to the valuation and management of physical power assets and derivatives such as tolls, heat rate options, shaped products, PPA from wind, hydro, and solar generating assets.

• Managed credit exposure and capital through adjustments of credit limits, collateral requirements, netting agreements, and other risk management techniques to proactively manage counterparty risk. Camber Energy, Inc., (formerly Lucas Energy - 2017), Houston, Texas April 2009 – October 2014 Manager, Financial Planning & Strategy

Responsibilities included supporting the CFO and the Director of Financial Planning & Analysis to help implement all aspects of Camber’s vision, strategy, business model, and provide financial & operating performance to all stakeholders of the firm, including oral and written communications and presentations. Other responsibilities included:

• Responsible for the 5-year plan, annual budget, and monthly reporting, including commentary, KPI’s, and variance analysis,

(i.e., identifying areas of opportunity or concern); responsible for maintaining an understanding of the current marketplace, including the capital markets, and updating the long-range plan as needed.

• Managed financial and operational analysis including asset characterization, portfolio valuation analysis, and price sensitivities, including the effects of derivatives (ASC 815, formerly FAS 133).

• Developed effective internal and external working relationships with senior executives, business units, and various cross functional partners and project teams to ensure timely execution of corporate development objectives.

• Responsible for the quantitative and qualitative analysis of business prospects (i.e., valuation, cash flow, earnings, and strategic competitive analysis); maintain knowledge of all standard investment banking financial models to support internal economic models.

• Collaborated with Treasury on cash management issues to achieve liquidity goals (i.e., debt /equity financings, and capital repayments while managing investment covenants and hedging strategy); create flexibility for potential strategic opportunities (i.e., acquisitions, divestitures, farm-in agreements, etc.).

• Managed the quarterly Board of Directors meetings, quarterly earnings calls, annual investment analyst presentations, and other ad hoc presentations, including talking points and commentary.

• Supervised and mentored two Analysts, providing timely and effective performance feedback and training. Verdun Oil Company, LLC (acquired EP Energy, LLC in 2022), Houston, Texas July 2008 – April 2009 Principal Financial Analyst, Financial Planning & Analysis Responsibilities included playing a lead role in the coordination and development of the Long-Range Plan and to be a first point of contact of planning and strategy for senior management (all requests originate here). Other responsibilities included:

• Led the financial planning process by providing capital and cost forecasting analytics, including variance analysis, KPI’s and commentary.

• Performed lead role in coordinating all planning activities with engineering, field operations, foreign offices, accounting, tax, treasury, investor relations, and senior management.

• Led ad hoc valuation analysis and commentary as needed to both internal and external constituents (i.e., senior management, Treasury, Financial Reporting, Investor Relations, rating agencies, and investment bankers.).

• Led the quarterly Board of Directors meetings, quarterly earnings calls, annual investment analyst presentations, and other ad hoc presentations, including talking points and commentary. Occidental Petroleum Corporation (acquired Anadarko Petroleum Corp. in 2019), Houston, Texas March 2006 – March 2008 Staff Corporate Development Analyst, Acquisitions & Divestitures Responsibilities included screening, ranking, and performing due diligence for potential corporate acquisitions in accordance with company strategy and directives. Ongoing portfolio optimization using an asset characterization approach to rank properties into “sell” and “keep” assets. Other responsibilities included:

• Monetized non-core assets through financial structures such as Volumetric Production Payment’s, Drill Funds, Joint Ventures, and MLP’s.

• Provided extensive financial and economic modeling, primarily utilizing a NAV approach evaluated against then prevailing purchase price multiples, Economic Value Added (EVA), Ability-to-pay (ATP), and Sum of the Parts (SOTP), utilizing stochastic modeling when appropriate.

• Assisted with Corporate Planning and field operations to develop proforma financial statements and cash flow projections.

• Maintained a working relationship with Treasury, Corporate Planning, Financial Reporting, Tax, Project/Asset Engineers, Field Operations, Foreign Offices, Legal, Investor Relations, Investment Bankers, and other third-party consultants.

• Developed corporate screening tools using both financial and operational metrics to rank potential acquisitions using public, private, and mosaic data.

List of Accomplishments

• Aided in the 2006 acquisition of Kerr-McGee and Western Gas Resources in two separate all cash transactions totaling $21.1B plus the assumption of $2.2B in debt.

• Upon completion of the acquisitions, assisted optimizing the new portfolio through asset sales totaling $14.0B in after tax proceeds; prepared the roadshow presentations for investors and coordinated due diligence procedures in establishing virtual data rooms to support the divestment process.

• Led the implementation of Hyperion Strategic Planning Software, fully integrating acquisition and divesting “what if” scenarios with corporate planning functionality.

• Provided analysis to the executive committee to reduce downside price risk and fund $9B in capex during 2008 – 2009, resulting 900MMMBtu/d hedged during 2008 and opportunistically hedging an additional 600MMMBtu/d during 2009 utilizing 3-way costless collars.

NatWest, plc (acquired ABN-AMRO Bank, N.V. in 2007), Houston, Texas September 2004 – March 2006 Assistant Vice President, Credit Portfolio Management - Integrated Energy Responsibilities included the day-to-day management of a debt portfolio primarily related to the diversified energy industry (E&P, midstream, gas storage, power, etc.), including IG and NIG, loans, derivatives, and cash management. Other responsibilities included:

• Managed transaction deal approval process including preparing credit approval memos in partnership with relationship and product partners and suggesting approval recommendations to senior risk managers. Transactions included refinancings, ERBL lending, acquisition financings, leveraged financings, recapitalizations, DIP financings, derivatives, and securitizations.

• Collaborated with team members to develop a credit/capital structure appropriate for the risk profile of the client. Analyze and negotiate loan covenants and other key loan terms with the client as part of the deal team.

• Co-managed troubled assets with workout colleagues, including valuation analysis, amendment approvals, and periodic credit review.

• Perform other assignments as required, such as portfolio reviews, stress testing, and internal audit reviews.

• Supervised and mentored three Analysts, providing timely and effective performance feedback and training. JPMorgan Chase & Co. (acquired Bank One, Inc. in 2004), Houston, Texas November 2002 – September 2004 Associate Director, Senior Associate – Corporate Banking Responsibilities included the origination, cultivation, assessment, and transaction of corporate finance products such as credit, syndications, high yield, private placements, swaps (interest rate, commodity, etc.), tax-oriented products, asset backed financing/securitizations, and off-balance sheet financings (leases, target production payments, volumetric production payments, etc.) for the relationship banker and product partners. Other responsibilities included:

• Evaluated both foreign and domestic client business and financial strategy, including current cost of capital assessment, asset/reserve- based lending analysis, simulated debt ratings, shareholder maximization analysis, debt structure analysis, and peer reviews to help support the overall business opportunity assessment and the execution of proposed transactions for relationship bankers and product partners.

• Collaborated with senior bankers and product partners to provide the analytical framework for client-tailored proposal generation (i.e., pitchbooks, and other presentations); performed deal closing tasks within the banking group.

• Financial modeling – capital structure analysis, cash flow analysis, credit evaluation, and risk management analysis focusing on projected liquidity, performance projections, covenant cushions, ability to service and repay debt (cash flow or asset sale), refinance events or recapitalization.

Education

• Current Chartered Financial Analyst (CFA) designation holder (license # 721798)

• MBA, Concentration in Accounting, University of Houston (Central Campus), Houston, Texas

• BBA, Concentration in Finance, University of Houston (Central Campus), Houston, Texas

• BS, Political Science, Texas A&M University, College Station, Texas Training Completed

• Oracle Hyperion Strategic Finance – Create Analysis and Dashboards

• Oxford Princeton Programme: Risk Management – Applied Energy Derivatives I & II; Basis Trading and Hedging with Natural Gas Futures and Options

• EDI, LLC: Petroleum Reserves and Economic Fundamentals

• Netherland Sewell & Associates: Oil and Gas Property Evaluation

• New York Institute of Finance: Portfolio Management Related Skills

• Expert in Microsoft Office (Access, Excel, Outlook, PowerPoint, and Word).

• Expert in utilizing Oracle Hyperion Planning Software / Essbase.

• Expert in accessing and utilizing the Bloomberg database and its various functions.

• Expert in accessing and utilizing CapitalIQ, FactSet, MergerMarket, MonitorSuite, Morningstar, and Securities Mosaic.

• Expert in banking software such as Accenture Banking add-ons, Finacle (Infosys), Nucleus, and Temenos.

• Expert in stochastic financial modeling, utilizing various software packages such as @Risk, Crystal Ball, MatLab, SAS, and VBA.

• Proficient in ETRM and ERP software systems (relationship databases using SQL) such as Allegro, Cognos, Endur, Microsoft Dynamics, Oracle ERP Cloud, and SAP.

• Proficient in BI software systems such as Microsoft BI, Tableau, and TIBCO Spotfire, utilizing their data analytics and visualization/dashboard capabilities.

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