APA Corp., Houston, has updated its executive leadership team to coincide with a restructuring of its development function and the integration of Callon Petroleum Co. following the recent closing of the $4.5-billion Permian basin-focused acquisition (OGJ Online, Jan. 4, 2024).
Steve Riney, president and chief financial officer, will now oversee asset development functions, including the asset teams, planning and land in addition to continued oversight of finance functions. Riney was promoted to president and chief financial officer in January 2024. He joined the company as chief financial officer in 2015.
Dave Pursell, executive vice-president, development, has left the company as a result of this restructuring. Pursell had been named executive vice-president of Apache Corp. in March 2020 when the company was undergoing a previous redesign of its organizational structure (OGJ Online, Mar. 5, 2020). In 2021, Apache created APA Corp., a holding company with Apache as one of its operating subsidiaries.
Ben Rodgers has been named senior vice-president, finance and treasurer. He will lead market strategies, treasury, accounting, and tax. Rodgers joined APA in 2018 and previously served as senior vice-president, treasurer, midstream and marketing. He also served as chief financial officer of Altus Midstream.
Castlen Kennedy has been promoted to senior vice-president, corporate affairs and marketing. Kennedy joined the company in 2006.
The changes are effective immediately.