Virginia “Ginny” Kadlick, general counsel at Midland, Texas-based XRI Holdings LLC, is today’s featured Forty Under 40 honoree.
Kadlick began her career as a field landman. However, after realizing her passion for the transactional side of oil and gas, she segued by going in-house at Magnum Hunter Resources Corp., initially managing all noncore divestitures and quickly transitioning to associate general counsel with direct oversight over all corporate transactional work.
Following Magnum Hunter and before joining XRI in 2019, she was outside consulting counsel for Fountain Quail Energy Services, where she managed a wide range of transactional and corporate matters, including the sale of Fountain Quail’s water treatment division to XRI.
Recognizing her talent and potential, XRI offered her a position as general counsel overseeing all legal and human resources functions. Kadlick said, “Eagerness and leadership that encouraged involvement were the springboards to my career progression.”
“I am proud of my organic career growth,” she added. “I never envisioned myself becoming general counsel at this point in my career, let alone general counsel to an industry-leading company revolutionizing the water midstream space. This is an exciting and unprecedented environment, and I am proud to be a part of it.”
The sale to Enerplus consists of non-strategic interests in Bakken acreage in North Dakota that CEO John Hess said the company wasn’t planning on drilling before 2026.
The acquisition of privately held oil and gas companies by mature operators, like Pioneer Natural Resources’ recent multibillion-dollar agreement to acquire DoublePoint Energy, should help alleviate concerns that U.S. shale could again oversupply the market and crash prices, says analyst.
Pioneer Natural Resources said the acquisition of DoublePoint Energy will increase Pioneer’s acreage position to greater than 1 million net acres in the Permian Basin with no exposure to federal lands.