Sean Iago, vice president of A&D and business development at Native Exploration Holdings LLC, is today’s featured Forty Under 40 honoree.
Iago joined Oklahoma City-based Native in the early stages of a renewed land grab in the Merge play of the Anadarko Basin. Over the next two years, he and his team worked to organically and rapidly build a 27,000 net acre leasehold position at its peak, closing nearly 1,000 transactions in less than two years.
The 32-year old vice president of A&D and business development credits his ability to lead a team at such a rigorous pace in part to “a young life heavily involved in sports.”
“I quickly learned there may be more talented individuals, but not everyone is willing to put in the work to succeed,” he said. “As the saying goes, ‘hard work beats talent when talent doesn’t work hard.’”
The disappointment at Hassa-1 comes after Exxon said in November its crude discovery at the Tanager-1 well in the Kaieteur block was not financially viable on its own.
In a separate statement, TNOG owner Heirs Holdings said it had taken a 45% stake in the field, acquiring the stakes of Shell, Total and Eni.
The oil and gas rig count rose 13 to 373 in the week to Jan. 15, its highest since May, according to Baker Hughes Co.