(Source: Shutterstock/ Endeavor Energy Resources)
Endeavor Energy Resources LP’s Founder and Chairman of the Board Autry C. Stephens has passed away at age 86, Endeavor announced in an Aug. 16 press release.
"We are deeply saddened by the passing of our beloved founder, Autry C. Stephens," said Lance Robertson, Endeavor's president and CEO. "Over many decades, his vision and discipline inspired so many and were the driving forces behind what makes Endeavor unique. Autry embodied the wildcat mentality of courage, grit and tenacity associated with the Permian Basin. He leaves a legacy that will continue to shape the future of our company, community and the oil and gas industry for years to come."
Stephens created a legacy in the Permian Basin, starting out as a sole proprietor in 1979 before turning his proprietorship into Endeavor in 2000.
His vertically-integrated business model centered on purchasing mineral rights and vertical drilling. He focused on acquisitions during industry downturns that added value to his portfolio and access to exclusive service and supply pricing, Endeavor said in the announcement.
In 2016, Endeavor began its transition from drilling vertical Midland Basin Spraberry Trend wells to becoming a top horizontal operator in Midland.
Stephens was recognized as part of Hart Energy’s Hall of Fame in 2023.
Lyndal Stephens Greth, previously vice chairman, will take the helm of Endeavor’s board of managers as chairman.
RELATED
Recommended Reading
Permanent Magnets Emerge as a Game-Changer for ESP Technology
2024-12-19 - In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.
Novel EOR Process Could Save Shale from a Dry Future
2024-12-17 - Shale Ingenuity’s SuperEOR, which has been field tested with positive results, looks to remedy the problem of production declines.
Exclusive: Novi Labs’ Ludwig on AI Preventing Costly Drilling Mistakes
2024-12-12 - Novi Labs President and Co-Founder Jon Ludwig gives insight on how AI and machine learning allow diverse applications for oil and gas operations and less risk for cataclysmic failure, in this Hart Energy Exclusive interview.
AIQ, Partners to Boost Drilling Performance with AI ROP Project
2024-12-06 - The AI Rate of Penetration Optimization project will use AI-enabled solutions to provide real-time recommendations for drilling parameters.
Afterthought to Asset: How Data has Transformed Oil, Gas Decision-Making
2024-12-05 - Digital data points have transformed from a byproduct of operations to the main driver of innovation in the energy industry, says Fabricio Sousa, president of Worley Consulting.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.