Ryan D. Fitzpatrick, vice president of land at Pursuit Oil & Gas LLC, is today’s featured Forty Under 40 honoree.
Formerly with Stonegate Production Co. LLC, Fitzpatrick is one of the handful of people who helped build a stronghold for Pursuit Oil & Gas within the Eagle Ford Shale’s dry-gas window in Webb and La Salle counties, Texas.
“Many peers in the industry probably had thought we lost our minds—while everyone else was looking to hit it big in building oil-weighted businesses, we were focused on natural gas,” he said.
“It was quite early on,” he continued, “but we understood the foundation that gas had as a fuel necessary to power the world—and as more and more people were looking to create cleaner businesses, gas would fill that gap. With LNG now a reality, it would open this cleaner burning fuel to the world.”
With this targeted approach and a strong focus on subsurface, Pursuit hit the ground running in late 2016.
“Over the course of a year I was responsible for the leasing efforts of 25k acres, which became the core of our business,” Fitzpatrick said. “Today we are producing right at 90 million cubic feet of gas, and we’ll drill eight more wells in 2021.”
Fitzpatrick has broad experience in both development and exploration activities across the Lower 48 and also served as team lead for Oxy USA Inc.’s Midcontinent business unit earlier in his career.
Click here for Ryan Fitzpatrick’s complete profile.
Take a look at all of the Forty Under 40 honorees.
Recommended Reading
Enterprise’s SPOT Deepwater Port Struggles for Customers
2024-04-25 - Years of regulatory delays, a loss of commercial backers and slowing U.S. shale production has Enterprise Products Partners’ Sea Port Oil Terminal and rival projects without secured customers, energy industry executives say.
Report: Crescent Midstream Exploring $1.3B Sale
2024-04-23 - Sources say another company is considering $1.3B acquisition for Crescent Midstream’s facilities and pipelines focused on Louisiana and the Gulf of Mexico.
For Sale? Trans Mountain Pipeline Tentatively on the Market
2024-04-22 - Politics and tariffs may delay ownership transfer of the Trans Mountain Pipeline, which the Canadian government spent CA$34 billion to build.
Energy Transfer Announces Cash Distribution on Series I Units
2024-04-22 - Energy Transfer’s distribution will be payable May 15 to Series I unitholders of record by May 1.
Balticconnector Gas Pipeline Back in Operation After Damage
2024-04-22 - The Balticconnector subsea gas link between Estonia and Finland was severely damaged in October, hurting energy security and raising alarm bells in the wider region.