Pyramid Oil elevates Herman as Alexander retires

Pyramid Oil Co., Bakersfield, Calif., reported that John Alexander has retired as president and chief executive officer, a position he has held since 2004, and that Mike Herman, chairman and the company’s largest shareholder, has assumed the role as interim president and CEO.

Herman, who has served as chairman since 2005, joins the executive management team with extensive experience in the oil and gas industry.

Herman is chairman and CEO of Denver energy services company Enservco Corp., a publicly traded provider of well enhancement and fluid management services. He also has been active in private oil and gas exploration and production businesses since the mid-1980s.

Alexander, who joined Pyramid as vice-president and a director in 1986, will also step down from the board but will continue to serve as a consultant for the coming year.

Herman noted that Pyramid’s previously announced plan to reenter and deepen three wells to the Monterey formation on its Delaney Tunnell property in Santa Maria, Calif., remains a top priority. Pyramid Oil incorporated in 1909.

Related Articles

Judge bars Anadarko e-mails as evidence in Macondo blowout hearing

03/21/2014 A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC as evidence in a hearing to determine...

Industry group welcomes most UK budget moves

03/21/2014 Oil & Gas UK voiced support for all but one of several measures affecting the offshore producing industry announced in the UK government’s annu...

MARKET WATCH: Crude oil, gas futures prices slide entering spring

03/21/2014

The first day of spring in the northern hemisphere was marked by lower crude oil and natural gas futures prices.

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected