Aaron Byrd, executive vice president of operations at Tap Rock Resources LLC, is today’s featured Forty Under 40 honoree.
Byrd has been a key player in Tap Rock’s development and is proud to foster its continued operational growth. He is currently responsible for managing operations on the company’s nearly 30,000 net acres in the northern Delaware Basin, where Tap Rock currently has two rigs running, with plans to add two more in the near future.
“We have put together a premier operations team that delivers best-in-class well results while being one of the lowest-cost producers in the basin,” he said of Tap Rock, which is a Natural Gas Partners portfolio company based in Golden, Colo. “When I started with Tap Rock, we had seven total employees, and now we are close to 50 office staff and approximately 45 field staff.”
Byrd began his career in the Haynesville Shale as a drilling engineer for Encana Oil and Gas. He would go on to work for Legend Natural Gas LLC and Matador Resources Co. where he gained experience in the Permian Basin, Eagle Ford Shale and Barnett Shale plays before joining Tap Rock.
“A career milestone I reached sooner than I had planned was running and leading my own team and being 100% responsible for cradle-to-grave operational activities,” he said. “I was able to achieve this milestone five years into my career because I’d had the pleasure of working with some fantastic teams and learning from some great mentors, and I felt like I could handle whatever challenges I faced.”
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
The acquisition of Jagged Peak will more than double Parsley Energy’s position in the Delaware Basin, where the companies expect to generate G&A savings of about $25 million within the first year.
Kicked out of the club in 2012, the Haynesville was resurrected beginning in 2017 to take on the mighty Marcellus in metrics, aided by a proximity-to-market kicker. Now, it’s taking on oil basins at the IRR weigh-in.