Sarita Schank, chief accounting officer at Momentum Minerals, is today’s featured Forty Under 40 honoree.
Momentum Minerals is a mineral and royalty acquisition company headquartered in Houston. Backed by funds affiliated with Apollo Global Management, Momentum acquires royalties, minerals, and overriding royalties across the country, including Texas, Oklahoma, North Dakota, New Mexico, Wyoming, Louisiana and Colorado.
Fueled by ambition, Schank was one of the team members to help found Momentum Minerals in 2017. She previously oversaw the oil and gas royalty revenue for Apollo, one of the largest alternative investment managers serving many of the world’s most prominent institutional investors.
“After Momentum spun off from Apollo Management,” Schank said, “I got this opportunity to showcase what I had learned and accomplished in my previous experiences.”
“I welcome opportunities where I may be uncomfortable and embrace change, but I also know when to ask others for help,” she said. “Collaboration with others is so important in solving problems, and it really helped me ascend to this position before I thought I could.”
Prior to Apollo, Schank also worked in the accounting department at Rosetta Resources, which was later acquired by Noble Energy.
A native of North Dakota, Schank graduated from the University of North Dakota with a BA in Accounting. She is also a member of The National Association of Royalty Owners.
A Reuters survey suggests Saudi Arabia and some of its allies in OPEC acted unilaterally to bolster the market by limiting its oil output early as crude prices slid on the possibility of a new glut.
NuStar plans to load the shipment this weekend, following completion of the Cactus II pipeline system.
Country seeks to exploit its massive Vaca Muerta shale play.