(Source: Hart Energy)
J.D. Smith, CEO of EnCore Permian, is today’s featured Forty Under 40 honoree.
Smith began his career in 2002 in drilling and offshore completions until transitioning to leasing in the Permian Basin in 2007.
Between 2009 and 2012, Smith transacted on over 150,000 acres of Permian leasehold and generated a net profit of $100 million, according to the EnCore Permian website. During this time, he was the exclusive landman for a $3 million, 42,000+ acre prospect which was later purchased by Petrohawk for $42 million, a 5% overriding royalty, and carried working interest considerations.
Smith went on to co-found EnCore Permian with President Josh Lorenz to expand on their former company’s leasehold and mineral acquisition strategies.
“Creating an oil company [was a major career milestone for me],” Smith said. “Two major factors were growing up in West Texas and having become a landman in 2008. Then the generation gap, I think of myself as the old young guy.”
Click here for J.D. Smith’s complete profile.
Take a look at all of the Forty Under 40 honorees.
Recommended Reading
Permian Gas Production Set to Rise 41% by 2030, Rystad Says
2022-11-21 - Gas production from the Permian Basin has already surpassed pre-pandemic highs and is slated to rise 41% by 2030 compared to current levels, according to Rystad Energy data.
E&P Technology Advances Bring Optimism Around ESG
2022-09-12 - Experts at Energy ESG pushed digitization, measurement and decarbonization technologies for a brighter future.
Exclusive: What’s at the Top of Legendary Wildcatter Gene Shepherd’s List [WATCH]
2022-11-17 - Legendary Wildcatter Gene Shepherd, who now is on the hunt for $1 billion deals as CEO of VTX Energy Partners, spoke to Hart Energy about the exploration environment and why he’s now considering gas.
Exclusive: Oxy’s Babatunde Cole Discusses Permian Basin Strategy [WATCH]
2022-11-17 - Babatunde Cole, the president and general manager of Occidental Petroleum’s Delaware Basin business unit, spoke to Hart Energy about how the Permian Basin fits within Oxy’s sustainable goals.
Diamondback CFO: Regulations May Ultimately Help the Industry
2022-11-16 - While uncertainty remains around the expected regulations resulting from the surprise EPA drop, “our shareholders demand we do better than the regulations anyway,” Diamondback Energy CFO Kaes Van’t Hof told attendees of Hart Energy’s Executive Oil Conference.