VP of Strategic Development
Jarrod Erwin
30 years in private equity and venture capitalDrives strategic growth and partner relationships with family offices and partner networks, with an emphasis on transparency and long-term value.
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Summit VenturesConfirmed
Private Strategy Call
Jarrod ErwinSummit Ventures · Frisco, Texas
Length
30 minutes
Format
Video or phone
Meeting link
In your email
Commitment
None asked
Track record
Partners come back.
Summit puts its own capital into every venture, on the same terms as its partners.
100+Partner familiesParticipating alongside Summit
98%Repeat partnersCome back for a following project
$40M+Under developmentAcross active development projects
100%Year-one deductionOn intangible drilling costs
3–5xTarget multipleOver 3 to 5 years
Past performance is not indicative of future results. All direct oil and gas participation involves substantial risk, including loss of principal.
18 pages · PDFBefore your call
Own the Production. Not the Paper.
The Summit Ventures Partner Briefing covers what we would want you to know before our conversation. It takes about ten minutes to read.
- 01The people behind Summit and how we operate
- 02Our underwriting framework: rock, operator, infrastructure, alignment
- 03How to read a reserves package: PDP, PDNP and PUD
- 04Key risks, stated plainly, and how we approach each one
- 05The sponsor diligence checklist to bring to your call
Read the Partner BriefingEducational only. Not an offer.
How Summit works
Buy right. Manage right. Exit right.
Proven fields, modern engineering and disciplined execution, with the exit planned before we buy in most projects.
01
Buy Right
Proven assets with production history, known reservoirs and a clear redevelopment path.
02
Manage Right
Every asset monitored, maintained, measured, optimized and reported.
03
Exit Right
Each asset reviewed continuously to decide when to hold, optimize or exit.
04
Repeat
The next project starts with the same discipline.
Four tests every project must pass
Rock
Is it a proven producing zone, confirmed by nearby wells?
Operator
Who runs the field day to day, and what is their track record in that basin?
Infrastructure
Are pipelines, water disposal, roads and power already in place?
Alignment
Do the sponsor, the operator and the partners win or lose together?
In their words
What partners say about working with Summit.
Monthly production reports, JIBs, K-1s on time. I've been in deals where you hear nothing for a year. This isn't that.
Business owner, post-exitSecond project with Summit
They do what they say they're going to do. When something changed in the field, I heard it from them first.
Developer, JacksonvilleThird project with Summit
They understand the rock and the operations. Every question I asked had a real answer, not a pitch.
Family office, DallasSecond project with Summit
Statements reflect individual partners' experiences, are not paid testimonials, and are not indicative of future results.
In the field
Where the work happens.
Our focus is on the ground: the wells, the equipment and the people who keep proven fields producing.
Who you'll meet
Jarrod Erwin will lead your call.
Leadership
President & CEO · Co-founder
Mark D. Elliott
30 years building and exiting companiesEntrepreneur and operating executive who has founded, scaled, and exited multiple companies. Former Xerox Dealer Advisory Board member. Leads Summit's strategy and partner relationships.
Chief Financial Officer
Liz Dewey, CPA
30+ years in finance and operationsHas led finance and operations for public and private companies, including energy. Led the financial investigation, alongside the FBI, that uncovered a multi-million-dollar embezzlement scheme. MBA, University of Houston.
Our story
The Summit Ventures story.
A film from our team about who we are, how we work, and why we put our own capital next to our partners'.
Watch the filmFrom the field · Hardin County, Texas
A field the majors walked past, given a second life.
In the 1960s, Shell drilled a series of wells in Hardin County, Texas. Because of gas regulations at the time, Shell chose not to perforate several zones it knew held hydrocarbons. As the field changed hands over the decades, those zones stayed untouched.
Our operating partner identified the bypassed intervals, acquired the field through a low-cost transfer, and went back into one of the original Shell wells.
Buy Right. Manage Right. Exit Right. Proven rock, modern analysis of what earlier operators left behind, and lean operations. This is the model on the ground.
- 1960s
Wells drilled, pay left behind
Shell drills the field and leaves known productive zones unperforated.
- Decades later
One recompletion in a bypassed zone
The field is acquired and one original well is recompleted. From that single recompletion:
1+ BCFnatural gas150,000barrels of oil - Field development
Twelve more wells
Development expands across the field. Together, the twelve additional wells produced:
1M+barrels of oilSeveral BCFnatural gas - Exit
Field sold after full development
The asset was sold once the field had been fully redeveloped.
Historical production from one field, shown to illustrate the redevelopment approach. Not a current offering and not indicative of future results. Shell is named for historical context only; no affiliation or endorsement is implied.
Sponsor diligence checklist
Questions to ask any sponsor, including us.
Bring these to your call. How plainly a sponsor answers tells you as much as the answers themselves.
- Alignment01
Do you put your own capital in, and on what terms?
- Operator02
Who operates the wells, and what's their history?
- Data03
What data comes with the field?
- Economics04
What's the lift cost, and how does the project hold up at lower prices?
- Reporting05
How often will I receive reporting, and what will it include?
- Exit06
What's the exit plan, and what happens if it doesn't go to plan?
- Track record07
What's gone wrong on past projects, and how was it handled?
Bring these to your call.
We'll answer every one.
Before your call
Frequently asked questions
What happens on the call?+
A 30-minute conversation with Jarrod Erwin about your goals, how Summit's joint ventures work, and your questions. No commitment is asked. If there is mutual fit, next steps include due diligence materials and follow-up Q&A calls, and your advisor is welcome to join those.
Will I be asked to decide anything on the call?+
No. The first call is mutual discovery. Any specific opportunity is governed by a separate Confidential Information Memorandum, subscription documents, and individual review.
Who can participate in a Summit joint venture?+
Participation is limited to individuals and entities that qualify as accredited under Rule 501 of Regulation D. Summit Ventures takes reasonable steps to verify that status before any commitment is finalized.
What is a working interest?+
A working interest is an ownership interest in an oil and gas property. It carries a share of production revenue and responsibility for a proportionate share of operating and development costs. That is different from owning shares of an oil company on the stock market.
What does an entrepreneurial joint venture ask of me?+
You join as an active JV member with defined ownership and governance rights set out in the JV documents, and you are expected to participate in material decisions. Experienced operators handle day-to-day field work. You also share in the venture's costs and risks.
Does Summit put its own capital in?+
Yes. Summit puts its own capital into every venture, on the same terms as its partners.
What reporting do partners receive?+
Monthly production reports, joint interest billings (JIBs), and year-end K-1s.
What are the main risks?+
Commodity prices, production decline, operational setbacks, illiquidity, and the possible loss of some or all of the capital you commit. Capital may be committed for years with no market to sell quickly. Summit underwrites for these risks, and no approach eliminates them. The Partner Briefing explains how we approach each one.
Can this be part of a 1031 exchange or a self-directed IRA?+
Both come up often. Whether a specific interest qualifies for 1031 treatment depends on the interest, the timing, and your situation. Participating through an IRA can create unrelated business taxable income (UBTI). These are questions for your own tax advisor and qualified intermediary, and we're glad to cover how the structure works on the call.
Do you give tax advice?+
No. Direct oil and gas ownership has specific treatment in the U.S. tax code, but whether any of it applies depends on your facts and current law. Summit does not provide tax advice. Please consult your own tax advisor.
Let’s Build Something Enduring Together
Summit Ventures is committed to disciplined investing, transparent communication, and aligned partnerships.