Ashley Zumwalt-Forbes, co-founder, president and director at Black Mountain Metals, Black Mountain Exploration and Black Mountain Carbon Lock, is today’s featured Forty Under 40 honoree.
Zumwalt-Forbes is an engineer with nine years’ experience in acquiring, financing and developing both greenfield and brownfield natural resources projects around the globe.
After graduating from Harvard Business School, she joined Rhett Bennett at Black Mountain. Within a year, she had co-founded Black Mountain Metals, a battery metals mining company based in Perth, Australia.
“To say that I felt completely terrified and out of my depth is an understatement,” she said of the experience. “However, I stuck with it. Day in and day out, I woke up, worked as hard as I possibly could, asked questions, learned, grew and left it all out on the field.”
“That is now a successful business,” she continued, “and I am much more well-rounded for the experience (albeit definitely shaved a few years off of my life).”
In addition to a MBA from Harvard Business School, Zumwalt-Forbes graduated summa cum laude from the University of Oklahoma with a B.S. in Petroleum Engineering.
Prior to joining Black Mountain, she worked in several lead engineering roles at Exxon Mobil and XTO Energy, managing drilling, completions and planning aspects of international shale exploration, laying the groundwork for over $1 billion capital deployment.
Click here for Ashley Zumwalt-Forbes’ complete profile.
Take a look at all of the Forty Under 40 honorees.

Recommended Reading
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. 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.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
Shale Outlook: E&Ps Making More U-Turn Laterals, Problem-Free
2025-01-09 - Of the more than 70 horseshoe wells drilled to date, half came in the first nine months of 2024 as operators found 2-mile, single-section laterals more economic than a pair of 1-mile straight holes.
DNO Discovers Oil in New Play Offshore Norway
2024-12-02 - DNO ASA estimated gross recoverable resources in the range of 27 MMboe to 57 MMboe.
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.