Matt Gentry was recruited to private-equity-backed Forge Energy in January. The EnCap and Pine Brook–backed E&P closed three acquisitions within Gentry’s first three months. Its mandate is the central continental U.S.; currently
has assets in the Permian Basin. Company is on the hunt for the next large asset. Pre-Forge, Gentry was promoted from chief geologist to chief operating officer at Antares Energy, a publicly traded Australian E&P. Before Antares, he worked the Gulf Coast as geological manager for Camden Resources. He began his career at Shell E&P as exploration
geologist.
Accomplishments: In short time at Forge, helped put together 40,000-acre position in emerging Wolfbone extension play in Delaware Basin in two months. At Antares, developed Eagle Ford shale position from fewer than 4,000 net acres to 20,000, drilled numerous horizontals and went through divestiture in just 18 months. Position sold to Chesapeake Energy for $200 million. Amassed 30,000-acre Wolfberry position by acquiring three discrete project areas within the Midland Basin in 2011. Drilled and completed 35 wells to grow gross production from less than 500 to more than 2,000 barrels of oil equivalent per day. Holds MS in geology from Texas A&M and BS in geosciences from Mississippi State University. Certified petroleum geologist.
On fast-paced start: “To close on three deals to build that position in a very short time has been very rewarding. We came in the door running.”
Goals: Continue identifying assets and understanding their value for Forge. Longer term, build relationships with private-equity groups and expand network. “One day I’d like to form my own company. If you have
an entrepreneurial bone in your body, you want to captain your own ship.”
Recommended Reading
US Drillers Add Oil, Gas Rigs for First Time in Five Weeks
2024-04-19 - The oil and gas rig count, an early indicator of future output, rose by two to 619 in the week to April 19.
Strike Energy Updates 3D Seismic Acquisition in Perth Basin
2024-04-19 - Strike Energy completed its 3D seismic acquisition of Ocean Hill on schedule and under budget, the company said.
Santos’ Pikka Phase 1 in Alaska to Deliver First Oil by 2026
2024-04-18 - Australia's Santos expects first oil to flow from the 80,000 bbl/d Pikka Phase 1 project in Alaska by 2026, diversifying Santos' portfolio and reducing geographic concentration risk.
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
Vår Energi Hits Oil with Ringhorne North
2024-04-17 - Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.