Court Wold, president of Denver-based Wold Energy Partners, is today’s featured Forty Under 40 honoree.
Wold is an entrepreneur with several private asset sales under his belt since his early 20’s. He credits these career milestones to his differentiated work ethic, strong support from his wife and family, and several senior executives who challenged and motivated him to take risks.
Early in his career, Wold formed a network of mentors, who he refers to as his “personal board of directors.” He solicits personal and professional guidance from them on a frequent basis and has built several business platforms and profitable opportunities through the network of experienced industry veterans. Those relationships are particularly helpful in today’s environment.
Wold Energy Partners, which operates unconventional assets in the Powder River and Green River Basins, is a subsidiary of family-owned and operated Wold Oil Properties LLC.
With an unpretentious and selfless attitude, Wold said he has managed to navigate his company during the historic downturn.
“We met the challenge through implementing creative processes, better utilizing technology, prioritizing the essential aspects of our business and driving accountability at every level. And of course, hard work,” he said.
Several people involved in valuing the Exxon Permian Basin asset during an internal assessment in 2019 said employees were being forced to use unrealistic assumptions, according to a report from the Wall Street Journal.
Chevron and San Jose-based Blue Planet also signed a letter of intent to collaborate on potential pilot projects and commercial development in some geographies.
CEO Mike Wirth also said on Jan. 12 that Chevron expected to find "common ground" with the Biden administration on the economy and jobs, and expected the world to transition to a "lower-carbon energy system over time."