Raymond Roi Lam
CEO R2Q
Roi Lam is an accomplished oil and gas executive with over 27 years of experience in the industry. He has a wealth of knowledge and expertise in various areas, including project capital allocation, budgeting, and P/L management to maximize free cash flow (FCF) and earnings before interest, taxes, depreciation, and amortization (EBITDA). Roi's leadership abilities shine through his proven track record of driving operational consistencies and efficiencies through knowledge management and risk identification and mitigation processes, particularly utilizing Lean Six Sigma methodologies and Management of Change practices.
Throughout his career, Roi has excelled in managing and developing multi-disciplinary, high-performing teams, fostering a culturally diverse and collaborative work environment. He possesses a deep understanding of structuring commercial contracts and supply chain processes to effectively manage vendor performance while addressing technical challenges. Roi's strategic mindset enables him to develop transformational, action-oriented strategies that drive sustainable growth and value creation.
During his tenure at Chesapeake Energy, Roi held the position of Vice President from 2019 to 2022, where he leveraged his comprehensive knowledge across supply chain, reservoir, land, geology and geophysics (G&G), production, completions, and drilling to develop workflows that consistently delivered positive outcomes and added value to the organization. He spearheaded several initiatives resulting in significant cost savings and operational improvements. Notably, Roi led a production field team to reduce rod failures and mitigate water loading issues, saving millions of dollars annually. His contributions also included innovative design and execution of the world's first U-turn horizontal well drilled with conventional tools, increasing drillable inventory by 35%.
Prior to his role as Vice President, Roi served as the Drilling Manager at Chesapeake Energy from 2013 to 2019. In this capacity, he was responsible for engineering and field operations in various basins, achieving remarkable results in operational efficiencies, cost reductions, and risk management. Roi implemented managed pressure drilling (MPD) processes and mechanical earth models to optimize drilling performance and reduce risk in different formations, resulting in substantial savings. He also developed key performance indicators (KPIs) to drive flat time optimization, significantly reducing cycle time.
Roi's career includes leadership positions at other prominent companies, including Encana Oil and Gas and Occidental Petroleum, where he played pivotal roles in managing drilling operations, optimizing production, and fostering cross-functional collaboration.
Currently, Roi Lam serves as CEO at R2Q Operating, LLC, overseeing the day-to-day operations of the company's oil and gas assets. He focuses on driving operational consistencies and efficiencies while managing risk, capital budgets, and business relationships with key stakeholders. Roi's extensive experience and expertise make him a highly regarded industry professional, consistently delivering results through operational excellence, team leadership, and strategic decision-making.