Travis Pace, CEO of Fortuna Resources LLC, is today’s featured Forty Under 40 honoree.
Before beginning his tenure at Fortuna Resources, Pace cut his teeth in a variety of entrepreneurial endeavors that provide valuable experience in life and business.
“Being able to leverage the experiences and lessons learned from a pretty non-traditional background into a leadership role in the oil and gas industry is something I am proud of,” he said.
Prior to TNM and Fortuna, Pace was founder and president of Corbin Development Group LLC, a privately held energy company where he built and led the successful exit of a nonop E&P position in the Delaware Basin. In addition, he previously was a partner in a financial and commercial advisory firm for large-scale natural gas infrastructure projects around the world.
“Before Fortuna, the majority of my career was dedicated to numerous ‘bootstrapped’ entrepreneurial ventures in the energy space, and I never had any of the resources generally necessary to build a business,” he added. “That forced me to be resourceful and find ways to move the ball forward however I could—lessons I use every day at Fortuna.”
Pace currently serves as CEO of Fortuna Resources III LLC, formed in October 2019 to expand the successful nonoperated oil and gas investment strategy created at TNM Resources LLC which he also heads as CEO.
U.S. drillers this week added oil and natural gas rigs for a 12th week in a row, marking the longest streak of additions since June 2017 as oil prices hit their highest in more than a year.
EOG Permian Wolfcamp wells, Chesapeake Powder River Basin completions plus a new prospect offshore Ireland top this week’s drilling activity highlights from around the world.
Antero Marcellus tests, Marathon Oil Bakken/Three Forks completions plus an onshore Sumatra gas discovery top this week’s drilling activity highlights from around the world.