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.”
U.S. oil producer Hess Corp. said on July 28 it planned to add a rig in North Dakota's Bakken basin in September, after topping estimates for second-quarter profit on a rebound in crude prices.
Oklahoma operator looks to shed Canada and Barnett assets.
Both Occidental Petroleum and Devon Energy also announced plans on May 5 to deepen cuts for the third time since March in response to the historic crash of oil prices.