Ryan London, CEO and founder of Tap Rock Resources LLC, is today’s featured Forty Under 40 honoree.
Founded in 2015, London built the Golden, Colo.-based company from three employees to more than 40 and has established a two-rig drilling program in the Delaware Basin. Under his leadership, Tap Rock has deployed more than $250 million in gross development capital.
Prior to the creation of Tap Rock, London led asset teams in the Haynesville and Eagle Ford shales, as well as the Permian Basin, during his time at Matador Resources Co. As the youngest executive vice president within the organization, he also managed more than $2 billion in capital programs.
As an engineer, London knew that someday he wanted exposure in the management and finance side of the business.
“At my former company, we went public in 2012, and I was one of the four executive team members that regularly participated in non-deal roadshows and deal roadshows for equity and bond offerings,” he said. “I was in my mid-30s and helping to raise hundreds of millions of dollars for our company’s development program. While I don’t miss the grind, it’s an experience that I cherish, and I’m very thankful for.”
Leasing hot spots, improved drilling metrics and more reveal some silver lining in the cloud hanging over Midcontinent producers.
Sierra Club contests a BLM plan to allow oil and gas leasing in 11 coastal counties.
Oil firms Equinor and Rosneft expect to extract some 250 million barrels of oil and 23 billion cubic meters of gas during the first part of the development of the Severo-Komsomolskoye oilfield in Russia, Equinor said on Dec. 23.