Rhett Bennett, Founder and Chief Executive Officer of Black Mountain, established Black Mountain in 2007, and today the organization includes several business units: Exploration and Production operations, EV Battery Metals mining, commercial saltwater disposal, midstream and in-basin frac sand mining. Rhett has served as CEO of Black Mountain since its inception.
In 2017, Black Mountain Oil and Gas sold its New Mexico assets to Marathon Oil Corporation for $700 million. Black Mountain continues to identify opportunities to extract value from asset exploitation and optimization across the E&P sector, both domestically and internationally in Australia.
Beginning in 2017 with a growing supply constraint in the Permian Basin, Rhett built the Black Mountain Sand business to satisfy a void in the market for high quality, cost-effective in-basin frac sand. Black Mountain Sand has built 6 in-basin frac sand facilities across the U.S., producing quality in-basin sand that provides significant cost savings for E&P operators nationally, while becoming the 3rd largest frac sand company in the world.
Black Mountain Metals was established in 2018 to gain exposure to the rapidly emerging Electric Vehicle revolution, with a focus on natural resources extraction, specifically Class I Nickel Sulphide and Copper. Today, the Perth, Australia headquartered company has ownership in 5 nickel mines and related midstream infrastructure in Western Australia.
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.