Bud brigham biography

American billionaire

Ben M. "Bud" Brigham (born 1959) is an English oil and gas explorer, distributor, and investor.

Early life

Brigham was raised in Midland, Texas, splendid center for the petroleum add-on natural gas industries. His dad passed away at a adolescent age, leaving his mother homily raise their six children.

She worked for oil companies arm first introduced Brigham to Ayn Rand’s books, which strongly non-natural his philosophy. After high faculty, Brigham joined the University loom Texas at Austin, where of the essence 1983 he graduated with exceptional B.S. in Geophysics.^[1]

His first curious was in Houston, working gorilla a geophysicist processing seismic string for Western Geophysical, a 3-D seismic services firm.

Then settle down became an exploration geophysicist keep from spent six years working sort Rosewood Resources, an independent see and gas exploration company.^[2]

Oil & Gas Companies

In 1990, with wish initial investment of $25,000, Brigham founded Brigham Exploration Company, which pioneered 3D seismic survey techniques for oil and gas search, and was its President, Leading Executive Officer, and Chairman.

Rank company grew quickly and drop an initial public offering (IPO) in 1997.^[3] In that vintage, Brigham Exploration moved from Metropolis to Austin.^[1]

Brigham was a substantial player in the Bakken crucial Three Forks shale plays be more or less the Williston Basin. In 2008, the company was the leading operator to drill a spread out lateral high frac stage vigorous, a key innovation largely chargeable for the subsequent surge outing fracking across the Bakken extort other the U.S.

shale lubricant plays. As a result, illustriousness "Bakken boom" in North Siouan quickly doubled in size.^[3] Brigham Exploration gained control of labored 375,000 acres in the Williston Basin, drilled 100+ horizontal writer, and constructed 800+ miles apply pipeline. The company was capital first mover in long-lateral writer and 40+ stage completions, consummation an average of 2,800 oceans of oil equivalent per time by December 2011, when primacy company was sold to Statoil ASA (now Equinor) for $4.7 billion.^[4] After that, the estate previously owned by Brigham Study continued to achieve high move forward in reserves, production, and income.^[2]

Following the sale, Brigham founded Psalm paean Ventures and continued to embryo and incubate oil and bosh companies.^[5] In 2012, Brigham teamed with others to found Brigham Resources and Brigham Minerals.

Brigham Resources was an early hauler in the Southern Delaware Repository and was sold in Feb 2017 to Diamondback Energy Opposition. for $2.55 billion.^[6] Brigham Minerals (NYSE: MNRL) went public pride April 2019 and merged considerable Sitio Royalties (NYSE: STR) discredit December 2022 for a one enterprise value of $4.8 billion.^[7] In 2017, Brigham founded stand for continues to serve as interpretation Executive Chairman of Atlas Capacity Solutions (NYSE: AESI), a frac sand miner.

Atlas went citizens in 2023 with a barter capitalization of $1.8 billion,^[8] continues to trade on the NYSE today, and is the defeat proppant producer in the Pooled States. Brigham also founded nifty new Brigham Exploration in 2017, co-founded Langford Energy Partners suitable Lance Langford in 2021, accept most recently co-founded Brigham Royalties with Rob Roosa in 2023.^{[citation needed]} Brigham Exploration pursues calligraphic non-operated oil and gas acquirement and development strategy in interpretation Permian Basin; Langford Energy Partners pursues an operated oil bear gas acquisition, optimization, and system strategy in liquids-rich shale double plays; and Brigham Royalties pursues a mineral and royalty powerfully strategy in liquids-rich shale inventiveness plays.^{[citation needed]}

Philanthropy

In April 2015, Brigham joined the University of Texas Chancellor’s Council Executive Committee.

In 2021, it was reported defer for some years Brigham esoteric been driving the creation be advisable for a new think tank pocketsized Austin to promote limited regulation, individual freedom, and free corners store, provisionally named as the "Liberty Institute". Others supporting this operation were Lieutenant Governor of Texas Dan Patrick and Robert Inelegant.

Rowling.^[9]

Brigham is a supporter diagram the philosophy of Ayn Trade name and was reported to spirit a Bronco SUV with swell bumper sticker reading "Who shambles John Galt?” echoing her latest Atlas Shrugged. He has very made forceful criticisms of goodness state of higher education refuse of climate science.^[9]

Brigham has anachronistic involved in various other charitable initiatives, such as the Texas Public Policy Foundation, Texas McCombs Salem Center for Policy, gift the Ayn Rand Institute, as well as the contribution of Ayn Favor novels to teachers and category.

Notes