Megan P. Hays, vice president of investor relations and public affairs at Midland, Texas-based Concho Resources Inc., is today’s featured Forty Under 40 honoree.
Hays considers herself “a student of our industry,” and the knowledgebase she has developed has proved invaluable across Concho’s enterprise. For Hays, “Every project and interaction is an opportunity to learn—from other leaders, colleagues and even our competitors,” she said.
Hays began her career at Approach Resources, where she led Approach's investor relations effort as well as its financial and capital markets activities. In 2014, she joined Concho as director of investor relations before her promotion about two and a half years later to vice president of investor relations.
“I worked hard for the promotion and certainly had my mind set on it, but I did not expect it at that point in my personal and professional timeline,” she said.
Over the last two years, Hays has pioneered Concho’s sustainability strategy, which reached a first this year, with the publication of its inaugural sustainability report. She has also played a key role in previous years in raising capital as part of the Permian Basin-focused operator’s series of bolt-on acquisitions, culminating in nearly $3 billion in capital raised primarily from existing shareholders.
“We had accomplished a lot over those two and a half years, including joining the S&P 500, attracting a few high-quality investors and successfully raising capital to solidify the company’s balance sheet and play offense,” she said.
U.S. Well Services Inc. has executed two contracts on Jan. 13 to expand its electric fracturing services for EQT Corp.
In a separate statement, TNOG owner Heirs Holdings said it had taken a 45% stake in the field, acquiring the stakes of Shell, Total and Eni.
U.S. Well Services Inc. has executed a long-term contract on April 8 to provide electric hydraulic fracturing services for EQT Corp. using its next-generation Clean Fleet technology.