Paul D. McKinney has been appointed president and CEO of Oklahoma City-based SandRidge Energy. He succeeds William M. Griffin, who will continue to serve on the board. McKinney has 35 years of industry experience, most recently as president and COO of Yuma Energy Inc. He previously worked for Apache Corp. and Tristone Capital, and he began his career in 1983 with Anadarko Petroleum Corp. McKinney has a bachelor of science degree in petroleum engineering.
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Gulfport Energy Corp. has named David M. Wood, a 40-year oil and gas industry veteran, as its new CEO, ending a nationwide search after Michael Moore resigned over spending misconduct allegations.
Royal Dutch Shell plc CEO Ben van Beurden on Tuesday made a forceful case about the future of natural gas, noting that the supermajor has a quiver of arrows targeting multiple projects worldwide.
The leadership team for the proposed Jordan Cove liquefied natural gas (LNG) export facility planned in Coos Bay, OR, and related Pacific Connector transmission pipeline has been changed, according to Calgary-based Pembina Pipeline Corp. Senior Vice President Stu Taylor, in charge of marketing, new ventures and corporate development, assumed leadership from former CEO Elizabeth Spomer. Pembina spokesman Michael Hinrichs said the company remains “committed to and continues to make progress on Jordan Cove and the 232-mile Pacific Connector connecting transmission pipeline in southern Oregon. We continue to make progress on numerous other federal, state and local permitting requirements.” A final investment decision is expected once regulatory and environmental approvals are completed.
Northern Oil and Gas Inc., which concentrates its exploration efforts in the Williston Basin, has rehired Michael Reger as CEO. Reger, who founded Northern in 2006, served as chairman and CEO until 2016 when he was fired. Reger then sued Northern for wrongful termination and received cash and stock worth about $3.75 million and was named chairman emeritus. He was terminated without severance pay after disclosing he could face sanctions as part of an investigation by the Securities and Exchange Commission (SEC) for trading patterns in the securities of Dakota Plains Holdings Inc., of which he was an initial investor. Reger later agreed to pay $8 million to SEC as part of a settlement. Northern also named Nicholas O’Grady, formerly of Hudson Bay Capital Management, as CFO. Brandon Elliott, interim president since early 2018, was named president and COO. Erik Romslo remains as general counsel, while Chad Allen, interim CFO, was named chief accounting officer. Adam Dirlam was promoted to executive vice president of land.
Denver-based Bonanza Creek Energy Inc. has appointed Eric T. Greager as CEO and president effective April 11. R. Seth Bullock, a managing director of Alvarez & Marsal, has served as interim CEO since June 2017. Greager, 47, joined Encana Corp. in 2006 and was a vice president and general manager at Encana Oil & Gas (USA) Inc. Greager received a master’s degree in economics from the University of Oklahoma and a bachelor’s degree in engineering from the Colorado School of Mines. Greager “has the right background, leadership and cultural disposition to successfully lead our company” said Chairman Jack E. Vaughn. As part of his compensation package, the board granted Greager an employment inducement award of restricted stock units with a grant-date fair value equal to $4 million to compensate him for forfeited equity compensation from Encana.
Halliburton Co. President Jeff Miller will add CEO to his title effective June 1, succeeding Dave Lesar, who is continuing as executive chairman. Miller, who already serves on the board, joined Halliburton in 1997 and formerly was COO. He holds a bachelor of science in agriculture and business from McNeese State University in Louisiana and a master’s degree from Texas A&M University. Lesar, who has been chairman and CEO since 2000, plans as executive chairman to focus on the company’s strategic direction and be actively engaged with shareholders and customers. Lesar, who joined Halliburton in 1993, entered into an executive employment agreement that provides that he will continue as executive chairman until mandatory retirement on Dec. 31, 2018; it also contains a four-year noncompete agreement. “I have known and worked with Jeff for almost 30 years and have great confidence that he is the best choice to be the next Halliburton CEO,” Lesar said.
Appalachian pure-playMagnum Hunter Resources Corp. has hired John K. Reinhart to serve as CEO. Magnum emerged from bankruptcy in May after a federal court approved a deal with lenders to wipe out $1 billion in debt (see Shale Daily,May 11). Reinhart, 47, takes the place of Gary Evans, who was ousted during the bankruptcy. Prior to joining Magnum, Reinhart served as COO of Ascent Resources LLC. Evans has since founded Energy Hunter Resources Inc. (see Shale Daily,July 15).