Heath Mireles, manager of resource development-Northern Region, for Continental Resources Inc., is today's Thirty Under 40 honoree. Continental is based in Oklahoma City.
The parties must now renegotiate a deal that would transfer Breitburn's Permian reserves to investors including Elliott and WL Ross through their participation in a $775 million rights offering.
A big crowd turned out for an afternoon honoring industry leaders representing all facets of the energy sector.
Sustained lower oil prices may lead to Permian consolidation, the return of tough times to other shale plays and U.S. E&Ps helping rebalance global inventories.