Prior to co-founding Avista Capital Partners in 2005, Mr. Webster served as the Chairman of DLJMB Global Energy Partners, a specialty group he developed for DLJ Merchant Banking which sourced, executed and managed DLJMB III’s energy related investments from 1999 through June 30, 2005. Mr. Webster serves on the Investment Committees of the Avista Funds and is the Managing Partner and CEO of Avista Energy.
Mr. Webster graduated with a BSIM with distinction from Purdue University and graduated with an M.B.A. with high distinction from Harvard Business School, where he was a Baker Scholar. In 2009, Mr. Webster was awarded an honorary Doctor of Management degree from Purdue.
Mr. Webster serves on the Advisory Board of Purdue’s Krannert School of Management. Mr. Webster currently serves as Chairman of the Board of Carrizo Oil & Gas (NASDAQ: CRZO) and Basic Energy Services (NYSE: BAS) and as a director of Appalachian Midstream Partners, Enduring Resources, Era Group (NYSE: ERA), Hercules Offshore (Nasdaq: HERO), Hi-Crush Proppants, Laramie Energy, Laredo Energy, Oceaneering (NYSE: OII), Peregrine Oil & Gas, and Sidewinder Drilling. He is also a Trust Manager of Camden Property Trust (NYSE: CPT).
Throughout his business career, Mr. Webster has been active in venture capital and investment activities in various industries, including energy. In the energy business, he co-founded and/or has been a lead investor in the E&P and service sectors, including Falcon Drilling, Carrizo, Grey Wolf, Hercules, Laredo, Peregrine and Union Drilling. In 1988, Mr. Webster founded an inland barge drilling contractor, Falcon, with modest capital and a single barge rig. As Falcon’s CEO, he executed a bold consolidation and growth strategy, taking Falcon public in 1995 and merging with Reading & Bates in 1997, creating one of the world’s largest offshore drilling contractors, R&B Falcon Corporation. In 1993, Mr. Webster co-founded Carrizo and was named its Chairman in 1997 when it was publicly listed. Carrizo has developed into a leading independent exploration and production company with operations in U.S. onshore shale basins and the North Sea. Mr. Webster has been a founder and lead investor in non-energy companies such as Crown Resources (NASDAQ: CRCE), Encore Bancshares (NASDAQ: EBTX), RediClinic, ELV Holdings, Savage Arms and Gow Communications. He was also a founding Trust Manager of Camden.