Ep. 111 : The Rhett Bennett Story: Spotting Opportunities and Rapid Scale in Oil & Gas (Live at NAPE)

The Jay Young Show

Join Jay Young at the 2024 NAPE Expo as he sits down with Texas oil and gas legend Rhett Bennett, founder of Black Mountain. They discuss Rhett's journey from a Kentucky coal mining family to building a wildly successful frac sand company in the Texas shale plays. Rhett shares the strategy behind spotting opportunities, rapidly scaling, and navigating industry shifts. They also talk about game-changing technological innovations in horizontal drilling and fracking, how the Permian Basin went from 1 million barrels a day to 5.8 million in a decade, and the vital role of US energy in geopolitics and global security. Tune in for an inside look at the world of deal-making and value creation in oil and gas!
About Rhett Bennett: Rhett is the founder and chief executive officer of Black Mountain. He established Black Mountain in 2007, and today the organization includes several business units: exploration and production operations, EV battery metal mining, commercial saltwater disposal, and midstream and in-basin frac sand mining. Rhett has served as CEO of Black Mountain since its inception.Rhett is a member of many industry organizations, serving as a Board Member of the Texas Alliance of Energy Producers, as Chairman of the Executive Committee of the Fort Worth Wildcatters, the Independent Petroleum Association of America (IPAA), the Texas Independent Producers & Royalty Owners Association (TIPRO), the National Association of Royalty Owners (NARO), the American Association of Professional Landmen (AAPL), Young Professionals in Energy (YPE), and the Fort Worth Petroleum Club. Rhett has been the recipient of numerous awards in his career: Oil & Gas Investor—Forty under 40, The Oil & Gas Awards – Future Industry Leader, EY Entrepreneur of the Year—Energy Services & National Finalist, and D CEO Magazine—Oilfield Services CEO of the Year. Rhett earned his Bachelor of Science in Business Management from the University of Georgia in 2003 and completed the Energy Executive Management Program at the University of Oklahoma Michael F. Price College Of Business in 2012.