Dave Carter

President

Dave Carter currently serves as President of Brigham Development, since November 2013 has been a senior management team member and joint venture partner with Brigham Development where he has used his vast experience and contacts in sourcing and executing commercial real estate and investment opportunities. With over 30 years of successful business development experience resulting in significant value creation involving over $4 billion in commercial real estate, totaling 100 million square feet nationwide. He is involved in all major investment, acquisition, dispositions and asset management decisions. He is responsible for value fund development and sits on Brigham Developments acquisition and disposition committees.

Mr. Carter started his career in 1984 spending 10 years in the consulting side of the business, during which time he completed consulting assignments for all types of commercial property including multi-family, office, retail, industrial, hospitality, special use and undeveloped land. Experience included consulting assignments for national and international institutional owners of real estate. During this period he received his MAI (Member of Appraisal Institute) designation. He furthered his consulting experience with a tenure at CB Richard Ellis the world’s premier, full-service real estate services company.

Following this Mr. Carter held executive level positions with a $4 Billion division of GE Capital and Commercial Net Lease a $1.3 Billion REIT (now known as National Retail Properties).

Bud Brigham

Founder and CEO

Bud Brigham founded Brigham Exploration Company in 1990 and served as its President, Chief Executive Officer, and Chairman of the Board until its sale to Statoil ASA in December 2011. As founder and CEO, Bud managed Brigham Exploration Company’s rapid growth as a private company from an initial investment of $25,000 in 1990 to its initial public offering in 1997. After 1997, Brigham Exploration continued to achieve low finding costs while achieving significant growth in reserves, production, and cash flow. Brigham Exploration was a leading innovator in the Williston Basin, Bakken, and Three Forks oil resource plays and was the first operator in the basin to drill a long-lateral, high-frac stage well substantially expanding the play into far western North Dakota. The Company accumulated 375,000 net acres in the Williston Basin and had drilled approximately 100 long-lateral, high-frac stage wells prior to its sale to Statoil ASA in December 2011 for $4.5 billion.

Bud Brigham subsequently founded Anthem Ventures as his family office, Brigham Development for its real estate ventures, and Anthem Productions for its movie ventures. Bud teamed with other former Brigham Exploration employees to found Brigham Resources and Brigham Minerals for oil and gas investments primarily targeting horizontal drilling and hydraulic fracturing in domestic, unconventional reservoirs. Brigham Resources built an 80,000 net acre position in the Southern Delaware Basin and subsequently sold its position to Diamondback Energy in February 2017 for $2.5 billion.

Prior to Brigham Exploration, Bud served for six years as an exploration geophysicist with Rosewood Resources, an independent oil and gas exploration and production company. Bud began his career in Houston as a seismic data processing geophysicist for Western Geophysical, a provider of 3-D seismic services, after earning his B.S. in Geophysics from The University of Texas. Bud is a member of the National Petroleum Council, the American Association of Petroleum Geologists (AAPG), the Society of Exploration Geophysicists (SEG), the Independent Producers Association of America (IPAA), the Society of Independent Professional Earth Scientists (SIPES), and The Bureau of Economic Geology Visiting Committee. He was inducted into the All-American Wildcatters in April 2012, and, in April 2015, Bud accepted and joined The University of Texas Chancellor’s Council Executive Committee. Bud received the Oil & Gas Investors 2016 Deal of the Year Award for the sale of Brigham Resources’ Southern Delaware position to Diamondback Energy.

Dave Carter Bio

Dave Carter

President

Bud Brigham

Founder and CEO