Tim Krebs, CFO of Dynacloud.IO, is today’s featured Forty Under 40 honoree.
Born in Hudson, New Hampshire, Krebs said he has “yet to meet another oilman from the Granite State, but I’m confident there must be at least one out there.” A nontypical birth state for the industry, however, is merely one of several surprising features of Krebs’ career.
Also a board member of an animal conservation nonprofit, Krebs is helping build an energy Internet of Things company focused on creating “intelligent oil fields” through digital automation, artificial intelligence and smart-grid technologies.
Houston-based Dynacloud.IO has already closed its first capital raise and has product sales underway in five basins.
“Closing a seed financing round in August 2020 for Dynacloud.IO was one deal that I’ll never forget,” he said. “Raising money for any oil and gas investment is challenging, but raising it in a pandemic through video chats really tested our team. I’m a firm believer that nothing good comes easy—this endeavor will hopefully prove that cliché true.”
Click here for Tim Krebs’ complete profile.
Take a look at all of the Forty Under 40 honorees.
Recommended Reading
BP and NGC Sign E&P Deal for Offshore Venezuelan Cocuina Field
2024-07-26 - BP and NGC signed a 20-year agreement to develop Venezuela’s Cocuina offshore gas field, part of the Manakin-Cocuina cross border maritime field between Venezuela and Trinidad and Tobago.
E&P Highlights: July 1, 2024
2024-07-01 - Here’s a roundup of the latest E&P headlines, including the Israeli government approving increased gas export at the Leviathan Field and Equinor winning a FEED contract for the all-electric Fram Sør Field.
Vår Selling Norne Assets to DNO
2024-05-08 - In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.
SLB OneSubsea JV to Kickstart North Sea Development
2024-05-07 - SLB OneSubsea, a joint venture including SLB and Subsea7, have been awarded a contract by OKEA that will develop the Bestla Project offshore Norway.
Private Equity Looks for Minerals Exit
2024-07-26 - Private equity firms have become adroit at finding the best mineral and royalties acreage; the trick is to get public markets to pay more attention.