Barry Winstead

Founding Partner, President & CEO

Throughout his 28 years of industry experience, Barry has become recognized for his ability to assemble high-performing teams and achieve exceptional returns across diverse assets covering nearly all major producing onshore basins in the United States. As a founding partner of Forge Energy, developing this sort of experienced leadership team is Barry’s first commitment. Barry is an established leader with a proven track record of sustained value growth, organizational alignment, focused asset management and operations excellence.

Most recently prior to founding Forge Energy, Barry spent two years serving as General Manager of ConocoPhillips’ (COP) Mid-Continent business unit, where he played a key role in the integration efforts when COP acquired Burlington Resources (BR) in 2006. He was responsible for the transition of more than 700 employees, more than 1.1 BCFE/D in production, and capital programs in excess of $700 million. In addition to leading the transition as a result of the BR acquisition, Barry also managed the launch of a new business area for COP in the Piceance Basin, managing a 1,000-well inventory with a $2.2 billion capital commitment.

Prior to COP, Barry spent more than 20 years with BR in multiple roles, ultimately serving as Vice President of the company’s Mid-Continent division, where he was responsible for all E&P operations in the United States, with the exception of the San Juan Basin, including core assets in the Williston, Wind River and Anadarko basins, Barnett Shale and South Louisiana. Barry led the transformation of the Mid-Continent division to the highest performing operating unit in the company. At the time of the COP acquisition in 2006, Oil and Gas Investor magazine cited BR as the No. 1 producer of oil and the No. 1 producer of natural gas in the Rocky Mountains. During his tenure at BR, Barry delivered 1.0 TCFE of drilling inventory, constituting 36 percent of the company’s total, while also reducing unit G&A costs by 42 percent. His division delivered 42 percent of BR’s operating income and 50 percent of BR’s free cash flow. Under Barry’s leadership, production doubled to 1 BCFE/D over a six-year period.

Barry holds a Bachelor of Science in mechanical engineering from Oregon State University (OSU) and was elected into the OSU Academy of Distinguished Engineers in 2005. He has served on advisory boards at OSU and Texas Tech University and has held leadership positions on many nonprofit boards.