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.”
2023-01-30 - The upsized equity commitment and establishment of an RBL come as Double Eagle ramps up its development pace in the Permian Basin, including the recent addition of two drilling rigs.
2023-01-31 - BKV Corp. made the most of its time in the Barnett Shale before filing for IPO in November 2022.
2022-11-21 - Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.
2023-01-11 - Moody’s Investor Service is forecasting a 10% to 15% sequential uptick in upstream capex in 2023 and an overall strong year for the sector, with service companies likely to see increased demand for their services.
2022-12-30 - Here’s a roundup of the latest E&P headlines, including a field start up and a well drilled to a basin with record depth from the past week in the upstream oil and gas industry.