Adam Dirlam, COO of Northern Oil and Gas, is today’s featured Forty Under 40 honoree.
Amid the current downturn, Northern Oil and Gas benefits from the creative structuring approach Dirlam brings to A&D, which has helped the company delever and invest countercyclical.
In his current role with the Minnetonka, Minn.-based company, he has led more than $1 billion worth of acquisitions across 400-plus transactions, helping transform Northern into the largest nonoperator in the Williston Basin and one of the largest nonoperated businesses in the industry.
How has Dirlamn managed to maintain this pace?
His answer is clear: “It is through the relationships and teams that I’ve built, learning from my prior managers, the people that I directly manage, and external coworkers that I believe I’ve been able to accomplish what I have personally and for Northern.”
Before his promotion to COO in 2019, Dirlam had served as executive vice president of land and operations at Northern and previously held other various roles with the company since 2009. Prior to Northern, he served in finance and accounting roles for Honeywell International.
Samson Oil and Gas USA Inc. retained BOK Financial Securities for the sale of producing properties in Montana and North Dakota in the Williston Basin.
Ichor Energy LLC retained Stephens Inc. for the sale of its operated conventional oil assets primarily located near the Texas-Louisiana border in the Hackberry reservoirs.
Here’s a snapshot of recent energy deals including the $1.9 billion merger of Falcon Minerals with privately held Desert Peak plus Clearfork bags its first deal after a $400 million equity commitment.