John Argo with Continental Resources Inc. is today’s featured Forty Under 40 honoree.
Argo joined the Oklahoma City-based independent oil producer in 2014 after working for HighMount Exploration & Production LLC. He was named vice president of business development at Continental Resources in 2018.
Since the promotion, Argo has helped Continental Resources reduce its debt by more than $1 billion and form an unprecedented strategic minerals relationship with leading Canadian royalty corporation Franco-Nevada Corp.
He attributes such lofty accomplishments to determination, drive and the power of teamwork.
“We are better together than as individuals,” Argo says. “On any given project or opportunity, I attempt to leverage the appropriate strengths of the optimum team members.”
Argo began his career as a Dominion E&P Inc. engineer after graduating from the University of Oklahoma with a bachelor’s degree in petroleum engineering. He also graduated with the inaugural cohort of OU’s Executive MBA in Energy in 2015.
Felix Energy, an oil producer with operations in the Permian Basin, is exploring a sale that could value the company at more than $3.5 billion, Reuters reported unnamed sources said.
Kuwait and Iraq would pick a consultancy firm to advise on the project from a list of four candidates that the two states have already agreed on, he said, giving no further details.
The deal comes shortly after Shell agreed to exit the Majnoon oil field, one of the largest fields in OPEC member Iraq, and hand over its operation to state-run Basra Oil by end-June.