(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
Integrating OCTG Management from Planning to Well
2024-12-10 - Tenaris’ Rig Direct provides improved collaboration and communication, and more uptime.
Delivering Dividends Through Digital Technology
2024-12-30 - Increasing automation is creating a step change across the oil and gas life cycle.
E&P Highlights: Dec. 9, 2024
2024-12-09 - Here’s a roundup of the latest E&P headlines, including a major gas discovery in Colombia and the creation of a new independent E&P.
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
E&P Highlights: Jan. 21, 2025
2025-01-21 - Here’s a roundup of the latest E&P headlines, with Flowserve getting a contract from ADNOC and a couple of offshore oil and gas discoveries.
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.