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The Oil Industry Keeps Getting Younger
Permian Basin oil grows older and older every day—300 million years and counting. But the Texans aiming to pull that liquid gold up out of the ground? Their ages are headed the other way.Earlier this week, Midland-based Diamondback Energy announced it would acquire rival Endeavor Energy Partners for $26 billion, creating a West Texas colossus. Autry Stephens, age 85, built Endeavor from a single well starting 45 years ago. He told the Wall Street Journal that a recent prostate cancer diagnosis was a “big factor” in his decision to sell.Diamondback is led by 62-year-old Travis Stice, but waiting in the wings is Kaes Van’t Hof, a 37-year-old former tennis phenom from Southern California. Van’t Hof has been elevated to president, a position that in the…The post The Oil Industry Keeps Getting Younger appeared first on Texas Monthly.