Consol Energy Inc. is searching for a new operating chief of the natural gas division after 34-year veteran and COORandy Albert announced his retirement. Albert played a key role in developing Consol's gas business, overseeing a production increase from 7 MMcf/d in 2006 to 285 MMcf/d today, and helping the operator become one of the largest and most active explorers in the Appalachian Basin, said CEO J. Brett Harvey. Albert went to work for Consol as a mining engineer trainee in 1979 and took over the coalbed methane business in Southern Appalachian in 1985 and later the northern part of the basin. He became COO in 2010.
Former Treasury SecretaryTim Geithner will take over as president and managing director of Warburg Pincus LLC effective March 1. Geithner, formerly CEO of the Federal Reserve Bank of New York, also is to become a member of the executive management group of the private equity. Since the late 1980s Warburg has invested about $6 billion in energy and natural resource companies including of late Antero Resources Inc., whose public offering launched in October (see Daily GPI, Oct. 11). It also led a group of investors to form, among others, deepwater Gulf of Mexico explorer Venari Resources LLC (see Daily GPI, May 24, 2012); Gryphon Exploration Co., now part of Woodside Energy (see Daily GPI, Sept. 2, 2005); and Spinnaker Exploration Co., now in Statoil ASA's portfolio (see Daily GPI, Dec. 19, 2006).