Zachary S. Fenton, founder and COO of Houston-based UpCurve Energy LLC, is today’s featured Forty Under 40 honoree.
Starting with “a napkin in a coffee shop,” Fenton founded UpCurve Energy with former colleagues from ConocoPhillips Co. during the 2015 downturn.
No stranger to challenging market environments, Fenton led the Permian Basin-focused operator to produce almost 15,000 boe/d prior to the COVID-19 pandemic and associated oil market distress. Reflecting on his experience, he said, “To some extent, you don’t know much about yourself as a businessperson and a leader until you’ve been through some downtimes and overcome obstacles, and this is certainly a big one.”
Fenton plans to continue “to position UpCurve I to come out of this downturn in a stronger position than ever,” with an eye toward anchoring a second iteration of the company, which is backed by Post Oak Energy Capital, in the current market.
Prior to co-founding UpCurve, Fenton worked as a senior reservoir engineer in ConocoPhillips’ Eagle Ford development organization. Before that, he worked as an associate at the private-equity firm Lindsay Goldberg and as an analyst in Morgan Stanley’s investment banking division.
Leonid Mikhelson, the head of Russia's Novatek said on Jan. 25 that LNG from the United States as its chief threat, Interfax news agency reported.
Oil firms Equinor and Rosneft expect to extract some 250 million barrels of oil and 23 billion cubic meters of gas during the first part of the development of the Severo-Komsomolskoye oilfield in Russia, Equinor said on Dec. 23.
Repsol will still hold a 51% stake in the block after the deal.