Kirk Goehring, senior vice president and COO of Jones Energy II Inc., is today’s featured Forty Under 40 honoree.
Since transitioning from corporate development into an operating role over two years ago, Goehring has helped transition Austin, Texas-based Jones Energy into a more cash-return-centered, accountability-conscious and data-driven firm.
“My background is unique among oil and gas chief operating officers who are generally engineers or geologists,” said Goehring, who previously worked in private equity and investment banking.
“I feel as though I’ve made an impact not in spite of but rather because of my financial background,” he continued. “I believe COOs with my background will become increasingly common as capital markets force oil and gas companies to recognize they are more in the business of producing cash than in the business of producing hydrocarbons.”
Before joining Jones, Goehring was a private equity associate at Metalmark Capital and a mergers and acquisition analyst at Greenhill & Co.
Energy Transfer tweaks its June offer with $6 billion in cash and will form a partnership that will be treated as a corporation for tax purposes called Energy Transfer Corp. LP.
Also this week, Phillips 66 to expand Texas NGL project. Meanwhile, Exxon Mobil and Plains pursue Permian pipeline JV and Pioneer sells Colorado assets.
Kirk N. Blackim has more than 30 years’ experience in management, working in business development, accounting, finance, operations and governmental regulation of midstream and gas transmission systems for most U.S. basins.