Ryan Keys, president and co-founder of Houston-based Triple Crown Resources LLC, is today’s featured Forty Under 40 honoree.
Keys started his career at Schlumberger Ltd. as a mechanical engineer, and though he enjoyed the work, he wanted more adventure, a desire that led him to petroleum engineering. After earning a master’s degree in that field, he worked in Argentina, only to come back to the U.S. when the shale boom took off.
Returning to work in U.S. shales was his first experience “of how fast this industry can pivot,” Keys said, which led him to work for a private operator then later in the energy investment banking group at Jefferies.
In launching his own company—private Midland Basin operator Triple Crown Resource, Keys has found a natural fit for his adaptable, opportunistic leadership style with his current team.
“I like being a fox instead of a hedgehog, so I’ve never been the best at one thing,” he said. “But I’ve made a point of learning from experts and specialists [hedgehogs], enough to speak their language. That breadth has been important and enables interdisciplinary cohesion.”
The Concho acquisition gives ConocoPhillips about 700,000 net acres in the Permian Basin—more than quadruple the size of its previous position in the Permian.
Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.
The all-stock acquisition of Parsley Energy valued at over $7 billion gives Pioneer Natural Resources combined control of nearly 1 million acres across the Permian Basin with positions in both the Delaware and Midland sub-basins.