BP Basher, Oil Expert Matt Simmons ‘Dies Suddenly’

Monday, August 9, 2010
By Paul Martin

Matthew Simmons, Investment Banker, Peak Oil Theory Advocate, Dies at 67

By Edward Klump and David Wethe
Aug 9, 2010

Matthew R. Simmons, an energy investment banker and author of the book “Twilight in the Desert” that suggested Earth’s supply of oil is dwindling, died yesterday. He was 67

Simmons “passed away suddenly,” according to an e-mailed statement today from the Ocean Energy Institute, founded by Simmons in 2007 to explore opportunities for harvesting energy from the seas. Simmons is survived by his wife, Ellen, and their five daughters.

Simmons is the founder and former chairman of the investment banking firm Simmons & Co. International, based in Houston. He started the company in May 1974 with a focus on the oil-services industry, according to its website. By the end of 1981, Simmons & Co. had a staff of 13. About 17 years later, the company opened its first office outside Houston, in Aberdeen, Scotland. It has expanded to offer research, institutional sales and investment banking in the energy industry.

“We are deeply saddened by the unexpected loss of a true visionary and friend,” Michael E. Frazier, chief executive officer of Simmons & Co., said today in a statement. “As a pivotal figure in the lives of many of our employees, and countless others across the energy industry, Matt will be sorely missed. Our thoughts and prayers are with his family during this difficult time.”

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