Anthony Bilotto, vice president of corporate development and administration of Covenant Testing Technologies LLC, is today’s featured Forty Under 40 honoree.
Covenant Testing Technologies is a leading well flow management company with one of the largest fleets of specialized flowback and well testing assets in the world. Based in Sugar Land, Texas, the company is funded by NGP.
When Bilotto first joined Covenant as an executive intern in June 2013 while transitioning into the corporate world from the military, the oilfield services company was still a startup. However, within the span of five years, Covenant has grown to nearly 1,000 employees throughout Texas, Louisiana, Colorado, New Mexico, Wyoming and North Dakota.
Bilotto has played an indispensable role in Covenant’s success, having created, implemented and built numerous system support structures. He’s responsible for almost all of the systems Covenant used as its foundation to grow over time.
“The biggest personal challenge as the organization grows is, ‘How do I position myself to continue focusing on solving high-impact problems versus regular oversight of established processes?’” he says. “But it’s a lot of fun.”
The order was the latest legal blow to U.S. President Donald Trump's effort to increase oil and gas production on federal lands by rolling back environmental regulation.
Biden has said that moving away from fossil fuels would pave the way for big job gains in renewable energy.
A deal on the venture, in which Gazprom Neft would hold a 50% stake and Repsol and Shell each own 25%, was expected to close this year.