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.
2022-06-01 - Validus, with roughly $1 billion of capital commitments available for deals, is also looking to convert its “barrels in the ground” into high margin returns.
2022-07-21 - FPSO One Guyana to begin production of Exxon Mobil’s Yellowtail development offshore Guyana in the prolific deepwater Stabroek block in 2025.
2022-05-25 - Shareholders earlier blocked proposals to accelerate carbon emission reductions at oil and gas producers TotalEnergies SE, BP Plc, Shell Plc, Occidental Petroleum Corp. and ConocoPhillips Co.
2022-06-02 - U.S. oil and gas production growth may be restrained by workers fed up with the industry’s cyclical nature.
2022-06-03 - Norwegian oil workers plan strike action at 10 permanent offshore installations, including the Njord A, Valhall, Gudrun and several Oseberg platforms, as well as three mobile service units, unions said.