Former Chesapeake manager leads new company

Former Chesapeake geoscientist Lanny Holman has joined with Oklahoma City businessman Tony Say to create a new oil and natural gas company, Red Mountain Energy LLC. Holman, 65, accepted Chesapeake's early retirement offer in February.
by Adam Wilmoth Published: April 19, 2013

Just four months ago, Lanny Holman was planning his retirement.

Today, the 65-year-old geologist is president and a partner at newly formed Red Mountain Energy LLC.

“Once you develop a knowledge and passion for what you do, it usually does not diminish in later years,” Holman said. “As a geologist, I continue that love and thrill of excitement for hunting for new prospects. That's what we do as geologists. That's what makes this new venture exciting for me.”

Holman in December was one of 275 Chesapeake employees offered a buyout. Within days, he was contacted by Oklahoma City businessman Tony Say, who is now one of Holman's partners at Red Mountain.

“Tony wanted to talk about the possibility of a new venture,” Holman said. “I explained to him I was planning on retiring, but the more I talked to him, the more intrigued I was with what he wanted to do.”

Red Mountain plans to focus on oil production in the Mid-continent and Permian Basin regions. The partners expect to acquire $50 million to $150 million in assets over the next year.

Red Mountain is backed by Say and his Clearwater Enterprises and Jack Golsen, founder and CEO of Oklahoma City-based LSB Industries.

“This is an idea I've thought about for a while, but the right person wasn't available until recently,” Say said. “It's important to find someone of Lanny's talents. The scientist makes the deal.”

Holman is an Oklahoma State University graduate with 41 years of oil and gas experience as a geologist, including the past 10 years at Chesapeake, where he most recently served as geoscience coordinator in the Anadarko district.

He said his experience at Chesapeake and elsewhere in his career will be invaluable at Red Mountain.


by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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