Justin Love, founder and CEO of Blackbuck Resources LLC, is today’s featured Forty Under 40 honoree.
Blackbuck was founded in 2018 in response to water management solutions gaining momentum since the shale boom. The Houston-based company designs, builds and operates water infrastructure in Texas and New Mexico.
Blackbuck “represents the culmination of nearly 10 years of lightning-fast evolution in the oil and gas industry as related to water management,” Love said.
Love has always closely followed the E&P sector’s needs related to water issues.
Prior to launching Blackbuck, Love founded Love Energy Advisors (LEA), a boutique global advisory and origination energy and water group, in 2014. The firm was focused on “serving as a focal point between investors, water technology entrepreneurs and E&P companies at a critical time when there was generally little connectivity or understanding between said parties,” Love said.
Drillers cut 62 oil rigs in the week to April 3, bringing down the total count to 562, Baker Hughes Co. said in its weekly report.
Production at the offshore Liza well is expected to reach some 120,000 barrels per day in its first phase.
Two extended-lateral Wolfcamp Shale producers completed by CrownQuest and a horizontal Frontier discovery in Wyoming’s Converse County top this week’s drilling activity highlights from around the world.