Brent Kelsall, director of finance and planning at FourPoint Energy LLC, is today’s featured Forty Under 40 honoree.
As one of the initial employees at FourPoint Energy, Kelsall helped set the company’s financial course. He’s part of a team that capitalized FourPoint and LongPoint Minerals over the past five years, despite industry challenges.
He had joined FourPoint after working in the strategic planning and corporate development group for Newmont Mining, the world’s leading gold mining company.
Coming from the gold mining sector, Kelsall was no stranger to volatile commodity prices, but he still struggled when the energy downturn hit in 2015.
“Raising capital from investors in this environment was incredibly challenging,” Kelsall said. Nevertheless, FourPoint persevered, and the company closed a transaction in early 2016 to acquire Western Anadarko Basin assets from Chesapeake Energy Corp.
The move comes as the November presidential election looms and the Trump administration aims to complete several more deregulatory actions on the spring Unifed Agenda, a list of its policy priorities.
The U.S. oil and gas rig count fell by four to an all-time low of 247 in the week to Aug. 7, according to data from energy services firm Baker Hughes Co.
Five Eagle Ford completions by EOG Resources at its McMullen County, Texas, pad plus results from Calyx Energy horizontal Mississippian wells top this week’s drilling activity highlights from around the world.