Blackbuck Resources LLC was founded in 2018 in response to water management solutions gaining momentum since the shale boom to design, build and operate water infrastructure in Texas and New Mexico.
There had been some feelings of frustration toward the timing of Houston-based water midstream company’s formation, according to Blackbuck Resources CEO Justin Love, who noted that has since cleared.
“There was a bit of frustration that we may have been a late entry,” Love told Hart Energy’s Jessica Morales. “We have been fortunate in that being a late entry has allowed us to focus on some greenfield projects. They kept us really busy through this tumultuous time,” he added referring to the COVID-19 related downturn.
When looking ahead especially as the U.S. presidential election nears, Love also noted the forward risk involved in the business.
“For us moving into the election, we watch the issues closely,” he said. “We have the lobbyists, we have lawyers. We understand laws and what an administration has the ability to do and what Congress has the ability to do.”
Jump to a topic:
- Blackbuck Resources background (0:50)
- Navigating near-term hurdles (2:28)
- Shut-in wells (3:31)
- Restarting production (4:35)
- Current opportunities (5:20)
- Water issues due to shut-ins (7:54)
- U.S. presidential race (9:02)
- Path forward (11:12)
M. Chris Doyle joins Primexx Energy Partners, a privately held, independent oil and gas company operating in the Southern Delaware Basin, within the Permian from Olympus Energy.
Tachyus, a provider of data-driven production optimization software to the oil and gas industry, has appointed former vice president of customer success Fernando Gutierrez to CEO on Oct. 15.
Martin Midstream’s founder, Ruben Martin, will retire as president and CEO on Dec. 31, but remain as board chairman and will continue to be actively involved in its business development.