President & CEO, Tamarack Valley Energy
Mr. Schmidt is a professional engineer with over 35 years of oil and gas experience. He is currently President and CEO of Tamarack Valley Energy Ltd., a TSX public company focused on developing repeatable, predictable plays in Western Canada. Mr. Schmidt founded the company along with a handful of respected oil entrepreneurs, with $2.5 million of seed capital in 2009. Tamarack Valley has grown substantially since 2009 to over 9,000 BOEPD, and a market capitalization of over $450 million. Tamarack is focused on repeatable, producible drilling targets like the Cardium and its primary producing area is Wilson Creek, in West Central Alberta. Tamarack’s culture is one based on being nimble to industry volatility, value focused, cost conscious and fiscal prudence. Measuring success on a full cycle rate of return and delivering on per share targets is core to Tamarack’s culture.
Prior to Tamarack, Brian was a founder of Spearpoint Energy Corp. (“Spearpoint”), a successful private company. Previously, he was the President of Apache Canada, where his team assembled large blocks of undeveloped land with material drilling upside that contributed to significant growth during his tenure, to a peak of 110,000 BOEPD. He began his career at Shell Canada, spending 19 years there prior to joining Apache Canada. In addition to his duties at Tamarack, Mr. Schmidt is an advisor to the boards of Indian Oil & Gas Co-Management, and a board governor at the Canadian Association of Petroleum Producers, of which he is the Alberta Executive Policy Group Chairman and Former Chairperson of CAPP. He is also currently director of Aspenleaf Energy, a private Oil & Gas company based in Calgary and a former director at Tusk Energy and Avant Garde Energy.