Matt Luna, vice president of development at Houston-based Kraken Oil and Gas LLC, is today’s featured Forty Under 40 honoree.
While still a full-time student, Luna began to work part time at Brigham Exploration. Upon graduating, he already had two years of corporate experience at an oil and gas operator and went on to join Equinor ASA, which operated as Statoil at the time.
After a successful career at Equinor, Luna then took a leap into the private-equity space with Kraken Oil and Gas, which he described as his most memorable professional experience.
“I had worked my way up at Statoil starting from reservoir engineer to drilling engineer to development planner over the entire Bakken asset,” he said. “I had every resource at my fingertips, being at a large organization, and basically an unlimited budget for development plans, resources, etc.”
“I decided to make the jump to Kraken because I felt like I was ready for a more entrepreneurial opportunity and one that would be able to move quicker on its feet,” he continued.
Jay Graham is back after the successful sale of WildHorse Resource Development to Chesapeake Energy with a new venture—this time in the Permian Basin.
Today’s featured Forty Under 40 honoree is John Argo, Continental Resources’ vice president of business development who has helped the Oklahoma City-based oil producer reduce its debt by more than $1 billion.
The deal adheres to a plan W&T Offshore outlined earlier this year as necessary to drive increased shareholder value from acquisitions, says CEO Tracy W. Krohn.