Team

Led by former owners and operators

Wellspring's principals have run operating, non-op, and minerals companies and worked in energy investing and capital markets, at firms large and small. Together they have worked or invested in every major US shale basin.

Kenny Worrell

Kenny Worrell

Co-Founder & Chief Executive Officer

Kenny co-founded Driftwood Energy and served as its Co-CEO. Driftwood was a Carnelian-backed operator that built and sold an operated Midland Basin position. Before Driftwood, he co-founded Accelerate Resources, a Pine Brook-backed company that invested in non-operated Permian assets. Earlier, he was an executive at RSP Permian, an investment professional at NGP, and an energy investment banker.

Midland, Texas · B.B.A. in Finance, Business Honors Program, The University of Texas at Austin

Kenny Worrell on LinkedIn (opens in a new tab)
Dale Smith

Dale Smith

Co-Founder & EVP, Land & Business Development

As EVP, Land & Business Development at Driftwood Energy, Dale managed the acquisition program and thousands of leases through the company's sale. Before that, he was Senior Vice President of McDonald Land Services, leading more than $4 billion of due diligence projects. At Gulfport Energy, as Land Supervisor, he managed the land portfolio and a multi-rig drilling program and was project lead on $1 billion of acquisitions. He began his career at Chesapeake.

Oklahoma City · B.S. in Accounting and Finance, Oklahoma State University · M.B.A., University of Oklahoma

Dale Smith on LinkedIn (opens in a new tab)
Ryan Rickett

Ryan Rickett

Co-Founder & EVP, Engineering

Ryan co-founded 89 Energy I, II, and III and Land Run Minerals, backed by NGP and Kayne Anderson. There he led evaluation for operated and minerals positions in the Mid-Con and minerals in the Permian, and oversaw the design and execution of several horizontal development programs. Earlier, he co-founded American Energy Non-Op and took over management of American Energy Minerals, leading evaluation across every major US onshore basin. Before that, he held engineering roles at Devon Energy in production, completions, drilling, reservoir, and midstream.

Glendive, Montana · B.S. in Petroleum Engineering, Montana Tech · M.S. in Energy Management, Oklahoma City University

Ryan Rickett on LinkedIn (opens in a new tab)

Track record as co-founders of private energy companies

  • 7Private energy companies co-founded
  • $1.5bn+Capex deployed
  • 150+Operated horizontal wells drilled
  • 10,000+Leases acquired

Before founding those companies, the team held executive, engineering, land, and investment roles at RSP Permian, Gulfport, Chesapeake, Devon, NGP, and in energy investment banking, with responsibility for multi-billion-dollar capital programs and acquisitions.

West Texas

Team members

Where the principals have worked

Private companies

  • Driftwood Energy
  • 89 Energy I, II, and III
  • Land Run Minerals
  • Accelerate Resources
  • American Energy Non-Op and Minerals

Public companies and institutions

  • RSP Permian
  • Devon Energy
  • Chesapeake Energy
  • Gulfport Energy
  • NGP
  • Barclays

The companies the team has founded have all been backed by institutional energy private equity.

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