Tom Grace

About Tom

Tom returned to McKinsey in 2017 after spending more than a decade in executive roles in the petroleum and energy sectors. He leads our Petroleum Asset eXcellence (PAX) work in North America, helping oil-and-gas operators maximize the production efficiency of their assets to boost value and reduce costs.

With both consulting and operating experience, Tom is able to help executives see the potential in their operations. Step by step, he leads companies through transformational initiatives that result in a stronger operational and financial profile. Working mostly with oil-and-gas independents in North America, he understands the need to establish a coherent strategic and financial footing as a support to achieving operational excellence.

Tom also brings experience in fine-tuning operations management, setting risk-management approaches, and optimizing organizational design.

Examples of his recent work include the following:

• developing an operational program and performance-management system for the drilling functional group of a major petroleum company that helped achieve $1 billion in cost savings
• leading the redesign of a national oil company’s strategic planning, budgeting, and performance management processes to achieve greater efficiency
• designing and implementing a financial-planning and risk-management approach to optimize a Latin American oil company’s multibillion-dollar budget
• leading a portfolio strategy and financial assessment for a multinational producer with assets in Alaska, the Gulf of Mexico, Trinidad, and Venezuela

Most recently, Tom was managing partner at Talon Oil & Gas III, an independent energy company focused on the acquisition and development of oil and natural gas properties. In this role, he was responsible for business development, operations, and finance for the organization.