Stephanie Reed, vice president of land and marketing at Parsley Energy Inc., is today’s featured Forty Under 40 honoree.
Reed oversaw the execution of more than two dozen trades across the core of the Midland Basin, following the integration of a $2.8 billion acquisition in 2017 over an 18-month period. The efforts added more than 5 million net lateral feet to the company’s horizontal inventory at zero capital outlay.
In early 2018, Reed was trusted with the responsibility of handling marketing efforts for the Austin, Texas-based company, an aspect of the business with which she had limited prior experience. This transition coincided with a unique time in the Permian Basin due to limited downstream takeaway for crude, residue and NGL.
“It was an intense few months with a steep learning curve, but with the help of our incredible team and Jody Jordan, we were able to identify our risks and work to find solutions to guarantee flow assurance at a competitive price,” she said.
Under her leadership, Reed has seen the company grow from less than a dozen to 500 employees. “As we’ve grown … I have recognized the need to encourage and empower additional leaders along the way to effectively engage and empower employees at all levels,” she said.
2023-02-01 - Like other leading European energy companies, Shell is aiming for rapid expansion of its low-carbon and renewables business as part of efforts to reduce greenhouse gas emissions over the coming decades.
2022-12-27 - The companies' project will study the production of synthetic methane from low-carbon hydrogen and biogenic CO2 captured from ethanol biorefineries.
2022-12-22 - According to scientific studies, the benefits of green hydrogen dissipate if 10% of production, transportation, storage or usage leaks occur.
2022-12-13 - Wood Mackenzie’s “The Silver Linings Playbook” offers views from across the energy and natural resources sectors on five key developments that, despite the setbacks of the past year, are laying the foundations for the delivery of more reliable, affordable and sustainable energy.
2023-01-13 - Powell, former chief scientist of chemical engineering for Shell, shares insight on the energy transition, his new role, how the oil and gas industry fits in and the potential to bring stakeholders together.