President & CEO
Mr. Larsen is President & CEO of Kraken Oil & Gas. He has 18 years of oil and gas exploration and production experience specializing in leadership, business development, resource identification, geologic modeling, reservoir characterization and operational geology. Before forming Kraken, Mr. Larsen was Executive Vice President of Ursa Resources Group LLC, where he led the company’s Williston Basin entry, developed the company’s Bakken Shale geologic model, and oversaw leasing of 120,000 net acres. Ursa drilled five wells and participated in multiple non-operated wells before selling its entire Bakken position in 2011. Prior to Ursa, Mr. Larsen worked at Legend Natural Gas working primarily in the company’s A&D group where he evaluated acquisition opportunities in nearly every onshore U.S. basin, including the Williston Basin, successfully closing two major acquisitions. Before joining Legend, Mr. Larsen spent eight years at Shell E&P where he identified, matured, and drilled multiple wells, and specialized in reservoir modeling and quantitative interpretation of seismic data. While at Shell, Mr. Larsen also worked as an Exploration Portfolio Manager in the company’s Corporate Headquarters in The Hague, where he evaluated, risked, screened and helped allocate the company’s $1.5 billion annual global exploration budget.
Mr. Larsen was born and raised in Sidney, Montana, at the epicenter of the Bakken Play in Elm Coulee Field and is intimately familiar with all aspects of the Williston Basin. He is a member of the AAPG, earned a B.S. Geological Engineering from the South Dakota School of Mines and Technology, and an M.B.A. from Tulane University.