Ehsan Bayat, executive vice president of business development at Houston-based New Dawn Energy LLC, is today’s featured Forty Under 40 honoree.
Bayat began his career in oil and gas as a regulatory analyst for Americo Energy, providing support to the engineering and geological staff, performing data mining and presentation of such data as maps and charts for decision making.
“I could have easily spent many more years [after entering the oil and gas industry] specializing in reservoir and production engineering,” he said. “However, my father and I took the new exciting task of building a new oil and gas company, New Dawn Energy LLC, and managing it.”
At New Dawn, Bayat works alongside his father, Ghasem Bayat who serves as CEO of the privately owned E&P. The company was formed in 2015 to acquire and develop oil and gas operated and nonoperated assets in major basins in the U.S.
“This was a turning point in my career that took advantage of, first, my knowledge of screening oil and gas properties and performing data mining for specialists, and second, my communication skills from my earlier career,” Bayat continued.
Today, New Dawn has assets in multiple U.S. shale plays. A project that Bayat said he is particularly proud of is New Dawn’s recent acquisition of a nearly 300,000-acre minerals position in western Louisiana that he led.
“Our team studied and evaluated this project for almost nine months before completing the transaction,” he said. “The project offered our company many large-scale oil and gas projects for development.”
Click here for Ehsan Bayat’s complete profile.
Take a look at all of the Forty Under 40 honorees.
Recommended Reading
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.
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.
Freshly Public New Era Touts Net-Zero NatGas Permian Data Centers
2024-12-11 - New Era Helium and Sharon AI have signed a letter of intent for a joint venture to develop and operate a 250-megawatt data center in the Permian Basin.
DNO Makes Another Norwegian North Sea Discovery
2024-12-17 - DNO ASA estimated gross recoverable resources in the range of 2 million to 13 million barrels of oil equivalent at its discovery on the Ringand prospect in the North Sea.
Wildcatting is Back: The New Lower 48 Oil Plays
2024-12-15 - Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.
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.