Austin Akers got a taste of the oil and gas business at age 15 when a family friend hired the high schooler to put together lease packets and interned him on title work. Now, only six years later, the 31-year-old is CEO of Bison Oil and Gas headquartered in Denver. And this isn’t his first time heading up a successful E&P either.
Bison Oil & Gas
Bison Oil & Gas, LLC (“Bison”) currently holds interests in and operates wells throughout the DJ Basin of Colorado and the San Juan Basin of New Mexico and is looking to expand its position via leasing, acquisition, joint venture, or farmout structures. Bison is focused on core drilling opportunities as well as producing property acquisitions.
RMR today is studying the latest news from Bison, which just secured $155 million to develop more than 300 permitted drilling locations in the DJ Basin. That’s a lot of leases for a company its size. Bison adopted horizontal drilling early and currently operates 20 wells in the DJ across 50,000 net acres. A Cornell graduate, Akers is a prodigy of sorts who sees beyond any lackluster performance of wells previously drilled by other producers. He and his team build statistical databases and algorithms between good and not-so-good wells to evaluate the different variables in drilling and fracking. They then apply that intelligence to their own drilling and fracking techniques. Who says youth is wasted on the young?
Tell us your thoughts.
You Might Also Like…
The state of Texas lays claim to the nation’s largest pipeline infrastructure at 479,798 miles. As a point of comparison, the circumference of Earth is about 24,901 miles. This means the amount of pipe sprawled beneath the surface of the Lone Star State alone could wrap around the globe more than 19 times.Read More