Abdalla Ali, vice president of engineering at Houston-based Wayfinder Resources LLC, is today’s featured Forty Under 40 honoree.
Prior to Wayfinder, Ali worked in the A&D advisory practice at Wells Fargo Securities as their petroleum engineer and petrophysicist. While with Wells Fargo, he helped advise more than 80 private and public upstream and midstream companies, resulting in more than $8 billion in closed transactions throughout U.S. resource plays.
“In December 2017, I resigned from my role at Wells Fargo to help start a new private-equity company backed by Lime Rock Partners, with a business model of investing in upstream oil and gas assets,” Ali said.
In his current role as vice president of engineering for Wayfinder Resources, an upstream nonoperator focused on the Midcontinent, Ali is responsible for a wide variety of strategic responsibilities.
“While I took on the role of vice president of engineering, the start-up culture enabled me to wear multiple hats and take on a multitude of projects, such as helping create business plans and fundraising to granular tasks such as parsing out production data to managing different aspects of HR and other business functions,” he continued. “What has been, and continues to be, an incredible part of this journey are the triumphs and disappointments involved in going through different phases of implementation and outcomes.”
SPACs have taken Wall Street by storm, raising billions for as-yet unidentified acquisition targets—but will they return to save the oil and gas space?
As more debt is restructured or discharged, the drag on M&A should lessen, which could lead to the return of dealmaking in the oil and gas sector to pre-pandemic levels, Deloitte says.
The NorTex Midstream deal follows the acquisition of Tall Oak II and III by Tailwater Capital last month in Oklahoma’s Arkoma STACK.