Paul Favret

Paul Favret is a Colorado-based energy executive, entrepreneur, and inventor with more than four decades of experience in oil and gas exploration, technology development, and private equity-backed operations. His career includes founding three companies and serving as Chief Executive Officer of several organizations. Leadership roles include Resource Energy Partners, an Apollo Global Management-backed operator that acquired three public companies through Section 363 bankruptcy proceedings and operated more than 220 wells, producing approximately 3,800 barrels of oil per day. He also led Source Energy Partners, which controlled over 800,000 acres and 18 producing wells generating more than 3,500 barrels per day.

Favret earned a Bachelor’s Degree in Geology from Western Carolina University between 1980 and 1984 and graduated magna cum laude. Academic work continued at the University of South Carolina, where a Master’s Degree in Geology and Geophysics was completed with summa cum laude honors between 1984 and 1986.

He later expanded his education to include business leadership training. He completed a Master of Business Administration at the University of Houston and graduated cum laude in 1992. In 1999, Petroleum Engineering for Management studies were completed at the Colorado School of Mines to strengthen the understanding of engineering concepts connected to energy development.

Favret began his professional career in 1986 with Amoco, where he served for 10 years as a lead explorationist and geophysicist. His assignments included Gulf Coast exploration, deepwater Gulf of Mexico projects, international work in Nigeria and Angola, and domestic initiatives in the Wyoming Greater Green River Basin.

From 1994 to 1996, he received five President’s Awards for achievements in exploration and development. During that same period, he was the only professional within the organization to receive five such awards. Early career work also included participation in geological research and the publication of results.

Paul Favret joined Aspect Energy, LLC in 1996 as president and early partner. From 1996 to 2004, exploration strategy, technical team development, and asset growth were guided as the company expanded its operations.

He later served as president of Abundant Resources from 2004 to 2008. His work focused on shale resource development in the Barnett, Fayetteville, and Woodford shale regions across Texas, Arkansas, and Oklahoma.

Favret founded Ascend Geo, LLC in 2002 and served as Founder, Chief Executive Officer, and Director until 2009. The company developed portable cableless seismic acquisition and continuous recording platforms, including the Ascend Ultra Seis recording system.

The recording system became the first cable-less, continuous recording, satellite-timed system introduced in the industry. Seven U.S. patents were secured for seismic acquisition architecture. Career contributions also include eight U.S. patents covering seismic data acquisition methods, interactive investigation systems, data synchronisation, vibrator force control, and noise attenuation.

Favret founded Source Energy Partners, L.P. in 2010 and served as Chief Executive Officer until 2015. The company focused on shale resources in Europe, Colombia, and the Mid-Continent region of the United States.

Operations controlled more than 800,000 acres across four project areas and included 18 producing wells generating more than 3,500 barrels per day. Between 2013 and 2015, the projects were successfully sold as part of the company's development strategy.

Paul Favret became Chief Executive Officer of Resource Energy Partners LLC in November 2015. The Denver-based company, backed by Apollo Global Management, focused on bankruptcy acquisitions in the Bakken play of the Williston Basin.