George J. Wommack, CEO of Petro Waste Environmental LP, is today’s Forty Under 40 featured honoree.
Under George’s leadership, San Antonio-based Petro Waste Environmental has become the largest oil and gas waste disposal company in the Permian Basin.
Before founding Petro Waste in 2014, George also played a key role in expanding a saltwater disposal business into the Eagle Ford Shale and New Mexico by establishing SWD Investors in partnership with Pyote Water Systems.
“Over the long term I might like to build a huge E&P company, but in the short term I think I’ll be content building the best platform in the industry to handle their waste,” George said.
Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.
Oil and gas operating costs in the U.S. shale basins have come down recently following a drop in crude prices, BP’s head of upstream Bernard Looney said on Feb. 5.
Schlumberger taps Olivier Le Peuch, who began his career with the oilfield services giant in 1987, to serve as the company’s next COO.