Mountrail County, ND

About Us

Formed in 2013, the Partnership’s primary investment objectives are and have been to acquire producing and non-producing oil and gas properties with development potential onshore in the United States, engage leading operators of the assets acquired to maximize operating results, maintain financial flexibility to strategically enhance the value of the properties through drilling and other development activities, and provide our limited partners attractive returns in a tax efficient investment in oil and gas properties. Our General Partner is Energy 11 GP, LLC, whose members are affiliates of Glade Knight, Chairman and Chief Executive Officer, David McKenney Chief Financial Officer, Anthony F. Keating, III, Co-Chief Operating Officer and Michael J. Mallick, Co-Chief Operating Officer. The experience of our team is outlined below.

 

Our Team

Glade M. Knight

Chairman of the Board and Chief Executive Officer

Mr. Knight has been Chairman of the Board and Chief Executive Officer of Energy 11 GP, LLC (the “General Partner”) since its formation in July 2013. Mr. Knight is also part owner of and the Chief Executive Officer of Energy Resources 12, L.P., a partnership focused on investments in the oil and gas industry. Mr. Knight also is the founder and has served as Executive Chairman of Apple Hospitality REIT, Inc. since May 15, 2014, and previously served as Chairman and Chief Executive Officer. Mr. Knight was also the founder of Apple REIT Ten, Inc. and served as its Chairman and Chief Executive Officer from its inception until it merged with Apple Hospitality REIT, Inc. in September 2016. Mr. Knight was also the founder of Apple REIT Seven, Inc. and Apple REIT Eight, Inc. (which were real estate investment trusts) and served as the Chairman and Chief Executive Officer of those companies from their inception until the mergers with the Apple Hospitality REIT, Inc., which were completed in March 2014. In addition, Mr. Knight was the Chairman and Chief Executive Officer of Apple REIT Six, Inc., a real estate investment trust, from 2004 until the company merged with an affiliate of Blackstone Real Estate Partners VII in May 2013. Mr. Knight served in the same capacity for Apple Hospitality Five, Inc., another REIT, from 2002 until the company was sold to Inland American Real Estate Trust, Inc. in October 2007, and Apple Hospitality Two, Inc., a REIT, from 2001 until it was sold to an affiliate of ING Clarion in May 2007. In addition, Mr. Knight served as Chairman and Chief Executive Officer of Cornerstone Realty Income Trust, Inc. from 1993 until it merged with a subsidiary of Colonial Properties Trust in 2005. Following the merger in 2005 until April 2011, Mr. Knight served as a trustee of Colonial Properties Trust. Cornerstone Realty Income Trust, Inc. owned and operated apartment communities in Virginia, North Carolina, South Carolina, Georgia and Texas. Mr. Knight is the founding Chairman of Southern Virginia University in Buena Vista, Virginia. He also is a member of the Advisory Board to the Graduate School of Real Estate and Urban Land Development at Virginia Commonwealth University. Additionally, he serves on the National Advisory Council for Brigham Young University and is a founding member of the University’s Entrepreneurial Department of the Graduate School of Business Management.

David S. McKenney

Director, Chief Financial Officer, and Secretary

Mr. McKenney has been a Director, Chief Financial Officer, and Secretary of the General Partner since its formation in July 2013. Mr. McKenney is also part owner of and the Chief Financial Officer of Energy Resources 12, L.P., a partnership focused on investments in the oil and gas industry. Mr. McKenney also serves as Senior Advisor for Apple Hospitality REIT, Inc., a real estate investment trust. Mr. McKenney was the President of Capital Markets of Apple REIT Ten, Inc. from its inception until it merged with Apple Hospitality REIT, Inc. in September 2016. Mr. McKenney previously served as President of Capital Markets for Apple Hospitality REIT, Inc. In addition, Mr. McKenney was the President of Capital Markets of Apple REIT Six, Inc., a real estate investment trust, from 2004 until the company merged with an affiliate of Blackstone Real Estate Partners VII in May 2013. Mr. McKenney served in the same capacity for Apple Hospitality Five, Inc., a lodging REIT, from 2002 until the company was sold to Inland American Real Estate Trust, Inc. in October of 2007, and Apple Hospitality Two, Inc., a lodging REIT, from 2001 until the company was sold to an affiliate of ING Clarion in May of 2007. From 1994 to 2001, Mr. McKenney served as Senior Vice President and Treasurer of Cornerstone Realty Income Trust, Inc., a REIT that owned and operated apartment communities in Virginia, North Carolina, South Carolina, Georgia and Texas. From 1992 to 1994, Mr. McKenney served as Chief Financial Officer for The Henry A. Long Company, a regional development firm located in Washington, D.C. From 1988 to 1992, Mr. McKenney served as a Controller at Bozzuto & Associates, a regional developer of apartments and condominiums in the Washington, D.C. area. Mr. McKenney holds Bachelor of Science degrees in Accounting and Management Information Systems from James Madison University.

Anthony Francis “Chip” Keating III

Director and Co-Chief Operating Officer

Mr. Keating has been a Director and Co-Chief Operating Officer of the General Partner since its formation in July 2013. Through an entity controlled by Mr. Keating, Mr. Keating owns Class B, non-voting units in Energy Resources 12 GP, LLC, the general partner of Energy Resources 12, L.P., a partnership focused on investments in the oil and gas industry. Mr. Keating also is an officer of the General Partner of Regional Energy Investors, LP, a partnership that provides consulting services in the oil and gas industry. Mr. Keating has been a principal with Rock Creek Capital, a real estate and oil and gas investment company, since March 2010. He served on the Board of Directors for Apple REIT Ten, Inc. until the merger with Apple Hospitality REIT, Inc. in September 2016. He is currently the President of the board of The Children’s Hospital Foundation in Oklahoma City and a Director of the Oklahoma State Troopers Foundation, Inc. Mr. Keating is also a Director and Gubernatorial appointee of The Oklahoma Law Enforcement Retirement System by Governor Mary Fallin. Prior to founding Rock Creek Capital, Mr. Keating served as the Real Estate Development Manager for Chesapeake Energy Corporation in Oklahoma City, Oklahoma from March 2007 to March 2010. While at Chesapeake, Mr. Keating closed and transacted over $850 million in real estate transactions ranging from corporate headquarters, sale leasebacks, field offices, investment properties, and raw land in urban natural gas plays for drill sites. Prior to joining Chesapeake, Mr. Keating worked as a commercial real estate broker with Trammell Crow Company from August 2004 to March 2007. While at Trammell Crow Company, he specialized in tenant representation and investment sales. Before joining Trammell Crow Company, he spent over three years as an Oklahoma State Trooper from May 2001 to August 2004. Mr. Keating received a Bachelor of Business Administration from Southern Methodist University.

Michael J. Mallick

Director and Co-Chief Operating Officer

Mr. Mallick has been a Director and Co-Chief Operating Officer of the General Partner since its formation in July 2013. Through an entity controlled by Mr. Mallick, Mr. Mallick owns Class B, non-voting units in Energy Resources 12 GP, LLC, the general partner of Energy Resources 12, L.P., a partnership focused on investments in the oil and gas industry. Mr. Mallick also is an officer of the General Partner of Regional Energy Investors, LP, a partnership that provides consulting services in the oil and gas industry. Mr. Mallick is the founder of Fort Worth, Texas-based Mallick Group, Inc., a real estate and energy-related investment firm. Mr. Mallick is a principal investor in various entities and serves as the principal officer of sponsoring and managing partners for numerous and diverse real estate investments and energy-related interests funded with established co-investment relationships with high net worth private investors, institutional investors, and lenders. Mr. Mallick’s varied experience includes development of the 349-room Horseshoe Bay Marriott Resort Hotel, located in Horseshoe Bay, Texas (financed with a national pension fund); Sierra Vista, a redevelopment initiative in a public/private partnership with the City of Fort Worth, Texas, including the assemblage and acquisition of approximately 300 acres located within a concentration of blight inside the central city and resulting in environmental remediation and demolition of 1,000 crime-ridden apartment units and new quality affordable housing and shopping; and acquisition of a large multi-property portfolio of properties financed via a structured private placement offering with multiple institutional investors. Mr. Mallick serves on the Board of Directors of S2K Financial, LLC, a New York based financial services firm, and also serves on the Board of Directors of the Oklahoma State Troopers Foundation, Inc.

Clifford J. Merritt

President

On December 18, 2015, Mr. Merritt was appointed as President of the General Partner. Mr. Merritt had been a consultant with the General Partner since July 1, 2014, and to other private exploration and development companies since November 2013. Prior to that time and since 2004, he was employed by Chesapeake Energy Corporation. From 2010 to 2013, he served as Chesapeake’s Vice President Land – Southern Division and from 2005 to 2010, as Chesapeake’s Land Manager – Barnett Shale District. Before joining Chesapeake he worked for Okland Oil, Ricks Exploration and Concho Resources during the years of 1990 through 2003, each of which is an independent oil and gas company. He has a B.B.A. from the University of Central Oklahoma. During his career, Mr. Merritt has been involved and managed the Land functions of numerous acquisitions and divestitures of oil and gas properties and supervised the drilling and completion of over 2,000 oil and gas wells throughout multiple states in the continental US.