Joe Moidel founded Lakewood Energy in 2020 and serves as President and CEO. Lakewood Energy drills core Permian Basin assets with appropriate development parameters to maximize value for our stakeholders.
Prior to founding Lakewood, Moidel worked in private equity as Vice President of Operations for Stronghold Resource Partners where Moidel led operations for a horizontal exploration project testing the Jo Mill in Borden County in the Midland Basin. At Stronghold, Moidel also managed operations for a freshwater sourcing and disposal business called Junction Resources with 150,000 barrels per day of freshwater delivery, 5,000 barrels per day of saltwater disposal, and 150 barrels per day of skim oil recovery. Additionally, Moidel serviced as Vice President of Operations for Mill Run Resources under a $65MM equity commitment from Edge Natural Resources where Moidel managed high H2S production in the Delaware Basin.
Prior to working in-house at private equity firms, Moidel served as Vice President of Drilling for PCORE Exploration & Production II with $200MM of equity funding from Natural Gas Partners. Moidel led a team that drilled three of the most prolific horizontal Wolfcamp wells in the Midland basin which led to the successful divestiture of PCORE II’s Midland Basin asset in May 2018. PCORE then shifted focus to developing a large position in the Southern Delaware Basin where Moidel oversaw a two-rig drilling program.
Prior to joining PCORE, Moidel served as both a Drilling Engineer and Completions Engineer for the Permian Asset Team at Pioneer Natural Resources where he helped the company transition from a pure vertical to a pure horizontal Midland Basin Producer. Moidel was also utilized a special advisor for critical fishing operations where multiple wellbores were salvaged.
Prior to working for Pioneer, Moidel managed 40 employees and a $25MM profit and loss center as Operations Manager for Baker Hughes’s Marcellus Shale completions and fishing district based in Mountain Top, Pennsylvania. At Baker Hughes, Moidel was involved in numerous deep-water fishing projects including the 2010 BP Macondo blowout where his team successfully recovered 35 million gallons of oil pollution prior to plugging and abandoning the well.
Moidel graduated from Texas Tech University with a B.S. in Mechanical Engineering. Moidel gained his first experience in oil and gas while working as a roustabout for Pride International in Angola, Africa aboard the dynamically positioned drillship Pride Africa. He holds one patent for a reverse circulating wellbore clean up tool, and he is a member of the Society of Petroleum Engineers and the American Association of Drilling Engineers.
Donald Peacock joined Lakewood Energy in 2022 and serves as Executive Vice President & COO. Lakewood Energy drills core Permian Basin assets with appropriate development parameters to maximize value for our stakeholders.
Prior to Lakewood, Peacock founded Peacock Petroleum Services LLC in 2020. Peacock specialized in operational project management for private equity and family offices where he executed development programs to achieve client objectives. Peacock provided “cradle to grave” project management services for multiple assets across the Permian Basin beginning with initial lease acquisition and ending with producing oil to the tanks.
Prior to founding Peacock Petroleum Services, Peacock served as Vice President of Operations for PCORE E&P II with $200MM of equity funding from Natural Gas Partners. Peacock led an exploration program on a 35,000-acre position in the Southern Delaware Basin which utilized two drilling rigs and a dedicated frac fleet. Peacock joined PCORE E&P in July of 2015 as Production Manager, overseeing completion and production operations upon rig release. Peacock participated in two successful exits with PCORE.
Prior to Joining PCORE, Peacock held several engineering roles with Noble Energy based in Denver. Most prominently, Peacock lead the exploration programs for Noble in Nevada and the Permian Basin. Peacock also supported the divestiture of several non-core assets to balance Noble’s portfolio. Peacock was also a project lead for regulatory compliance, artificial lift, multi-well facilities, and asset development.
Prior to Noble, Peacock served as Technical Sales and Product Line Engineer for Weatherford International where he gained extensive experience with all forms of artificial lift. During this time, Peacock supported domestic and international markets including the Gulf of Mexico, Rocky Mountain, Mid-Con, and the Permian Basin.
Before Weatherford, Peacock managed the valve and automation division of Engineered Flow Control in Longview, Texas.
Peacock earned his Bachelor of Science in Mechanical Engineering from Louisiana Tech University. Peacock also had early exposer to oil and gas while working for R&M Energy Systems in their PCP / Power Section R&D division, Lufkin Industries in their Pumping Unit Engineering R&D Division, and Hunt Oil as an inland waters lease and production platform operator.