Black Mountain Disposal is Established
Having successfully delivered impressive returns on investments for various join ventures with other disposal well operators, the management team decides it is time to capitalize on their strong track record and starts Black Mountain Disposal, LP. Black Mountain Disposal initiates, develops, and operates class II commercial salt water facilities to serve oil and gas operators in various geologic basins.
Black Mountain Announces $150M Equity Commitment with NGP
“Our partnership with NGP will allow us to evaluate a broad opportunity set and move quickly when we identify a clear line of sight to value creation,” said Rhett Bennett, Founder and CEO of Black Mountain. “This is a unique and challenging market, but one that we believe will create opportunity with the right partner.” Read more in the press release below.
Fort Worth Mineral Co. is Founded
Recognizing the ground-shifting impact of the Shale Revolution on mineral ownership, Rhett Bennett starts Fort Worth Mineral Company to pursue the acquisition of producing and non-producing mineral interests in active shale plays across the United States. Shale plays are contiguous hydrocarbon-rich formations spanning hundreds, if not thousands, of square miles deep beneath the surface of the earth. Because of the contiguous nature of the rock, shale plays exhibit consistent geology and pressure characteristics, which allow more precise asset valuation on an acre-by-acre basis –– thus allowing oil and gas interest owners an opportunity to monetize their ownership stakes.