Nicholas Carnrite, partner and managing director of The Carnrite Group, is today’s featured Forty Under 40 honoree.
Since his father worked in the oil and gas business, Carnrite grew up surrounded by the industry. He eventually made it his own, guided by the support of his father, brother and wife.
“I have learned about leadership primarily by observing the people around me,” he said. “People like my wife, my dad, my brother and my colleagues.”
In 2020, Carnrite moved to London with his wife, Kasey, to help expand The Carnrite Group, a management consultancy focused primarily in the energy, industrial and private equity sector.
Prior to his current role, Carnrite led the firm’s North America business development efforts in Houston and, from 2011 to 2018, worked as a consultant and project manager on complex projects in oil and gas, power, private equity, manufacturing and other industrial sectors. His experience includes corporate strategy, turnarounds and transformations, process redesign, merger and acquisition integration, cost reduction, organization design, digital transformation and sustainability.
From London, Carnrite is tasked with growing the firm’s relationships and business internationally.
“My primary near-term goal is to scale our Europe and Middle East businesses, which are anchored by offices in London and Abu Dhabi,” he said. “I am in the process of building core teams of diverse and talented individuals that are capable of selling consulting engagements and helping clients solve complex problems.”
Longer-term, Carnrite noted his goal is “to remain agile enough to recognize this is an industry that is constantly evolving.”
“The industry has a critical role to play in meeting global energy demand,” he added. “Oil and gas are not going anywhere any time soon. However, the industry must evolve, and doing so will require the creation of entirely new business models.”
Here’s a closer look at recent seismic activity in the Permian Basin and how the oil and gas industry is responding.
The Winterfell-2 appraisal well is located on an adjacent fault block to the northwest of the original Winterfell discovery in the Green Canyon area of the Gulf of Mexico.
U.S. oil rigs rose 11 to 492 this week, their highest since April 2020, while gas rigs rose two to 109, their highest since March 2020.