Dan K. Eberhart
Eberhart in 2013
Born (1979-10-22) October 22, 1979
Georgia, US
Alma materVanderbilt University
Occupation(s)Managing partner of Eberhart Capital; CEO of Canary, LLC
Known forOilfield services management

Dan K. Eberhart (born October 22, 1979) is chief executive officer of Canary, LLC, a Denver, Colorado-based drilling-services company, and managing partner of Eberhart Capital, LLC.[1]

Background and education

Eberhart is a native of Georgia and holds a degree in economics and political science from Vanderbilt University and a Juris Doctor from Tulane Law School, where he was president of the Tulane Federalist Society.[2][3][4] He moved from New Orleans, Louisiana to Phoenix, Arizona, after graduating from law school and working for just three weeks before Hurricane Katrina hit.

Career

Eberhart's company, Canary, installs and services wellheads at drilling locations across the continental United States.[5] Eberhart's private equity firm, Eberhart Capital, LLC, has been involved in a total of 12 acquisitions since 2007, from several different sectors of the economy, primarily in the oil and gas industry.[1][5][6]

Eberhart got his start as an entrepreneur when he left his job at a Houston-based international oilfield service company and purchased Frontier Wellhead & Supply Co. in January 2009.[7][3] From 2009 to 2012, he added seven acquisitions of oilfield services companies to Frontier.[8]

In January 2013, he purchased Oklahoma City, Oklahoma-based rival, Canary Wellhead Equipment Inc., for less than $100 million.[9] The combined Frontier Wellhead and Canary Wellhead is headquartered in Denver, Colorado, and operates under the name Canary, LLC.[10] The company has annual revenue of $100 million. Eberhart serves as CEO.[3][11][10] The company is now the sixth-largest privately owned oilfield service company and the largest independent wellhead service provider in the United States.[12][13]

Before he purchased Frontier Wellhead, Eberhart was the vice president of acquisitions for Greene's Energy Group, LLC. He also served as Vice President of Acquisitions for Greene's Energy Group, LLC.[3]

Eberhart's investment company, Eberhart Capital, LLC, owns Canary and his other companies. Its acquisitions include Unitherm Furnaces, LLC, a Missouri-based industrial furnace maker acquired in January 2014.[14] Eberhart Capital also owns Precision Pipeline, Inc., and Twin Express trucking.[15][1] The company previously owned Luft Machine, a manufacturing company.[16] In July 2014, Eberhart acquired Contractor Sales and Services, an industrial construction equipment rental company based in Des Moines, Iowa.[17]

Eberhart Capital is based in Scottsdale, Arizona, and has more than $100 million in assets and $200 million in revenue.[1]

Public advocacy

Eberhart's oil and gas expertise and manufacturing experience has landed him a spot on several U.S. trade missions, including visits to Mozambique, Ghana, and Nigeria. He has served as an oil and gas industry consultant in North America, Asia, and Africa, earning him a place in Hart Energy's “30 Under 40” list.[18]

Eberhart's knowledge of geopolitical energy issues and oil prices has led to CNN, Fox News, and CNBC interviews, among other news outlets.[19][20] He is a regular contributor to Forbes and a frequent guest on national and regional talk radio.[21] Eberhart's commentaries on energy dominance and the economy have appeared in The New York Times, The Hill,[22] The Economist, Washington Examiner, and other major publications.[23][24] Eberhart is author of The Switch, a 2015 exploration of the potential economic and geopolitical benefits to the United States of achieving a greater energy self-sufficiency due to hydraulic fracturing and horizontal drilling.[25]

In 2015, Eberhart was a leading advocate for lifting the ban on U.S. domestic crude oil exports.[26] He co-authored an op-ed column with Tom Ridge, former Governor of Pennsylvania and First U.S. Secretary of Homeland Security, on the geopolitical value of expanding U.S. crude exports as a foreign policy tool.[27] Eberhart was frequently quoted in the media when the ban was lifted.[28]

In 2020, Eberhart wrote Switching Gears, a nonfiction book discussing the benefits and disadvantages of electric vehicles compared to internal combustion vehicles.[29]

Political activity

He was a major contributor to the election campaigns of U.S. Senators Cory Gardner (R-CO), James Lankford (R-OK), and Congressman Kevin Cramer (R-ND).[30] He also donated the individual maximum to the Donald Trump campaign. He was a prominent supporter of the Trump Victory rule change, allowing ultra-wealthy donors to increase their cap on campaign donations to Trump's reelection campaign and stating, "(Trump's) ability to accept the mega MAGA check is another nail in the eventual Democratic nominee’s coffin — and it’s a big nail."[31] He later called Trump "divisive" and urged for a "unifier in chief," though has been highly critical of President Joe Biden and other in his cabinet, such as Pete Buttigieg.[32][33]

Organizations

Eberhart is a member of the North Dakota Petroleum Council and the Colorado Oil & Gas Association.[34] He is also a director at the Los Angeles World Affairs Council.[35]

References

  1. 1 2 3 4 Sunnucks, Mike. "Scottsdale private equity firm buys Missouri manufacturer", Phoenix Business Journal, January 21, 2014.
  2. ↑ "Senior Management", Canary website. Accessed April 9, 2014.
  3. 1 2 3 4 Oil and Gas Financial Journal Staff. "CEO Dan Eberhart Discusses Newly Formed Canary LLC", January 21, 2013.
  4. ↑ "Beyond Welfare: Antipoverty Policies for the 21st Century", Tulane Law News, October 2, 2004.
  5. 1 2 Pickrell, Emily. "Q&A: giving head – wellheads that is, With the buyout of Odessa company, Denver-based Canary increases its presence in Lone Star State", Houston Chronicle, February 21, 2014.
  6. ↑ "Canary, LLC completes acquisition of American Wellhead", World Oil, January 22, 2014.
  7. ↑ Proctor, Cathy. "Oilfield services expanding to keep pace with drilling", Denver Business Journal, February 1, 2013.
  8. ↑ Wysocky, Ken. "You need it? We do it" Archived 2013-05-17 at the Wayback Machine, Gas, Oil, and Mining Contractor, May 2012.
  9. ↑ Lefebvre, Ben. "Frontier Energy Buys Canary Wellhead, Furthers Oilfield M&A", The Wall Street Journal, January 14, 2013.
  10. 1 2 Chambers, Kelley. "Canary Wellhead Equipment purchased by Denver company." Archived April 24, 2014, at the Wayback Machine OKC.biz, January 16, 2013.
  11. ↑ "Monterey Shale Pictures: Canary CEO", Los Angeles Times, March 13, 2013.
  12. ↑ Proctor, Cathy. "Energy and natural resources finalists for the 2013 DBJ Power Book", Denver Business Journal, September 20, 2013.
  13. ↑ Dupre, Robin. "Canary Soars to Shale Stardom", Rigzone, January 30, 2013.
  14. ↑ Sunnucks, Mike. "Drones for Northrop, chips for General Dynamics, furnaces for equity firm", Phoenix Business Journal, January 31, 2014.
  15. ↑ "Private Equity Firm Buys Omaha Trucking Company" Archived 2014-04-19 at the Wayback Machine, WOWT.com. February 5, 2013.
  16. ↑ "Luft Machine splits from Canary", Journal-Advocate, January 28, 2014.
  17. ↑ Johnson, Patt. “Construction equipment rental company has a new owner", The Des Moines Register, July 9, 2014.
  18. ↑ "Dan K. Eberhart | Hart Energy". 30 September 2015.
  19. ↑ "OPEC vs US shale: Who will blink first?". CNBC. 2 December 2014.
  20. ↑ "CNN.com - Transcripts". transcripts.cnn.com.
  21. ↑ "A Republican Donor on the State of the GOP". NPR.org.
  22. ↑ Eberhart, Dan, "Tax reform will allow America to invest in workers and grow the economy", The Hill, December 16, 2017.
  23. ↑ "Tax reform will allow America to invest in workers and grow the economy". 16 December 2017.
  24. ↑ "Get moving on natural gas exports".
  25. ↑ Eberhart, Dan K. (2015). The Switch: America's Global Energy Renaissance. Greenleaf Book Group Press. ISBN 978-1-62634-258-3.
  26. ↑ "Lifting ban on crude oil exports will jumpstart a new energy era". 9 October 2015.
  27. ↑ Ridge, Tom (November 3, 2014). "U.S. change in energy export policies would hit Moscow in the pocketbook". The News Tribune.
  28. ↑ King, Kevin (December 31, 2015). "US lifts ban on crude oil exports".
  29. ↑ Eberhart, Dan K. (2020-10-13). Switching Gears: The Petroleum-Powered Electric Car. Greenleaf Book Group. ISBN 978-1-63299-324-3.
  30. ↑ "Why Trump Can't Quit Steve Wynn". The Atlantic. 28 January 2018.
  31. ↑ Ye Hee Lee, Michelle (2020-01-15). "Wealthy donors now allowed to give over half a million dollars each to support Trump's reelection". Washington Post. ISSN 0190-8286. Retrieved 2021-08-14.
  32. ↑ "Oil Executive GOP Supporter Says Trump Is Divisive, Calls For 'Unifier In Chief'". www.wbur.org. Retrieved 2021-08-14.
  33. ↑ Sullivan, Sean (2021-08-14). "'Outsider' Buttigieg plays a skillful inside game, positioning himself for the future". The Washington Post. Retrieved 2021-08-14.
  34. ↑ "Executive Profile: Dan Eberhart" Bloomberg's Businessweek Accessed Apr. 15, 2014
  35. ↑ "About Us", Los Angeles World Affairs Council website on web.archive.org. Accessed April 16, 2014.
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