Noble Corp.’s board of directors has named David W. Williams as chairman, CEO, and president. William A. Sears has held these offices on an interim basis since September 20, 2007. Williams joined Noble in September 2006 as senior vice president –business development of Noble Drilling Services Inc., was named senior vice president –operations of Noble Drilling Services Inc. in January 2007, and became senior vice president and COO of Noble Corp. in April 2007. Williams has 28 years of energy industry experience and prior to joining Noble, served as executive vice president of Diamond Offshore Drilling Inc. He holds a bachelor’s degree from Texas A&M University.
Cameron moves Moore to CEO position, Sledge to CFO
Cameron’s board of directors has approved succession plans for its CEO and CFO. Jack B. Moore, Cameron’s current president and COO, will become CEO effective April 1, 2008. Cameron’s current chairman and CEO, Sheldon R. Erikson, will remain the company’s chairman. Previously, Moore was a senior vice president of the company and president of the Drilling & Production Systems group. Cameron’s current vice president and corporate controller, Charles M. Sledge, will become CFO on April 1, 2008. He will replace current senior vice president of finance and CFO, Franklin Myers, who will become senior advisor for financial and M&A matters. The company has also elected Michael McShane to the board of directors. McShane has been president and CEO of Grant Prideco Inc. since June 2002 and became chairman of the board in May 2003. His election increases the size of Cameron’s board to nine members.
Index Oil and Gas mourns death of director Scrutton
Index Oil and Gas Inc.’s company director, Michael Scrutton, passed away December 16, 2007. Index’s chairman, Dan Murphy stated, “Everyone in the Index community sends their prayers, kind thoughts, and condolences to the Scrutton family. His years of dedication and commitment to Index as a founding investor, long-term independent director, entrepreneur, and friend; he will not be forgotten and our collective thoughts and prayers will be with his family during this sad time.” Index Oil and Gas Inc. is a dynamic gas-biased oil and gas exploration and production company, with onshore activities primarily in Texas, Louisiana, and Kansas and offices in Houston.
Pantheon Resources picks Cheatham for CEO
Pantheon Resources, the oil and gas exploration company active in the Gulf of Mexico, has named John B. Cheatham CEO. Cheatham has more than 35 years’ experience in all aspects of the petroleum business. He has international experience in both oil and natural gas, primarily for ARCO. His most recent appointment has been as president and CEO of Rolls-Royce Power Ventures. With this appointment, Sue Graham has assumed the role of non-executive chairman.
Halliburton makes management changes
Executive vice president and COO of Halliburton, Andrew Lane, has retired. Halliburton has eliminated the COO position, and the company’s Eastern and Western Hemisphere presidents as well as the Completion and Production, and Drilling and Evaluation Divisions now will report directly to Dave Lesar, Halliburton’s chairman of the board, president, and CEO. Additionally, executive vice president and CFO C. Christopher Gaut is now president of Halliburton’s Drilling and Evaluation Division. Senior vice president and CAO Mark A. McCollum is now vice president and CFO. Senior vice president of Halliburton’s Drilling and Evaluation Division, Tim Probert, is now executive vice president of strategy and corporate development. Evelyn Angelle now serves as the company’s vice president and corporate controller.
OMNI names Mogel senior VP and CFO
OMNI Energy Services’ Ronald D. Mogel has been named senior vice president and CFO. Mogel joins OMNI from Horizon Offshore Inc. where he most recently served as executive vice president and CFO. He also acted as the company’s director and vice president of international accounting and tax from 1999 to 2005. He earned a bachelor’s degree from the University of New Orleans, a JD from Loyola University School of Law, and an MBA from the University of St. Thomas.
Balseiro resigns post, goes deep to pursue pro football opportunity
Energy upstart Xynergy Corp.’s CEO, Chris Balseiro, has resigned. Balseiro has played Arena Football and hopes to be drafted into the new All American Football Conference. The company has retained the services of Joseph Emas to handle the filings for the company’s Form 10, and the hiring of Kevin Brinkworth to run the company operations. Brinkworth will maintain his position while the search for a new CEO takes place.
McCullough named CEO successor, vice chairman, Petroleum Development
Petroleum Development Corp.’s CFO, Richard W. McCullough, who joined PDC in 2006, has been selected as the successor to current CEO, Steven R. Williams. Williams, who has been with the company for 24 years, will remain CEO until his retirement in 2008. Williams will continue to serve as chairman through at least the end of 2008. The company increased the number of directors from nine to ten and added McCullough as a member and vice chairman. McCullough has held CEO and EVP/CFO positions in natural gas energy companies as well as senior positions with JP Morgan Securities, Progress Energy, Deloitte and Touche and the Municipal Gas Authority of Georgia. He holds both BS and MS degrees from the University of Southern Mississippi. Petroleum Development Corp. is an independent energy company engaged in the development, production, and marketing of natural gas and oil.
Lexier joins Highpine as president, CEO
Jonathan Lexier will assume the positions of president and CEO of Highpine Oil & Gas Ltd. Gordon Stollery, interim president and CEO, will remain a director. Lexier previously held the position of COO for NAL Resources - manager of the NAL Oil and Gas Trust as well as oil and gas assets for a large financial institution. Lexier has an MBA from the Ivey School of Business at the University of Western Ontario and a bachelor’s degree from the University of Manitoba. Prior to joining NAL in 1999 he worked at Mobil Oil Canada for 17 years.
Narvhus steps down, Hviding steps up for Roxar
Following the completion of the CorrOcean/Roxar transaction, Roxar’s COO, Oystein L. Narvhus, decided to step down from the Roxar management team. Narvhus was CEO of CorrOcean ASA from 2003 until the transaction with Roxar was completed. Narvhus is entitled to a severance package equivalent to 18 months salary, roughly NOK 2.7 million. He holds no stock options in the company. Gunnar Hviding was appointed CEO of Roxar ASA effective from August 16, 2007.
