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.
An undisclosed buyer acquired BBT Alabama LLC, owner and operator of a fee-based, natural gas gathering system connecting production in Alabama to regional long-haul pipelines, says Houston-based Black Bear Transmission.
Unbridled Resources LLC retained EnergyNet for the sale of Delaware Basin non-producing leasehold in New Mexico’s Eddy County through an auction closing March 17.
Arrowhead Energy Partners retained BOK Financial Securities for the sale of certain mineral interests within the D-J Basin, Williston Basin and Haynesville Shale in Colorado, North Dakota, Texas and Louisiana.