ENERTIA SOFTWARE NAMES BURTEA CIO
Enertia Software has appointed Nic Burtea, former director of application development, as the company's new chief information officer (CIO). Burtea assumes the role effective immediately, succeeding Jerry Sevier, Jr. as a result of a contract termination. Burtea brings a plethora of application development knowledge through his 15 years of experience at Enertia Software beginning in senior development, software architecture design, and product/project management. Burtea graduated from UT Arlington with a Bachelor of Science in Mechanical Engineering and earned a Master of Science in Software Engineering at SMU in Dallas. Burtea joined Enertia in April 2000 as a software developer, contributing to the design, development, and implementation of an enterprise management application for oil and gas producers. Since 2008, Burtea has been involved in guiding the growth and development of the Enertia application. Enertia Software is a developer of integrated enterprise solutions for the upstream oil and gas industry.
KPMG MAKES SENIOR PROMOTIONS IN SCOTLAND
KPMG is growing its audit, forensic, technology risk and tax teams in Scotland with promotions at partner and director levels. David Derbyshire, previously audit director, has been promoted to partner. Based in Aberdeen, Derbyshire is responsible for providing audit and assurance services to upstream operators and oilfield service businesses in Aberdeen and internationally. He joined KPMG in 1997. Paula Holland and Slim Gueddana have also joined the audit team in Aberdeen as directors. Holland recently joined the Aberdeen team, having spent 14 years at KPMG in the north of England working with privately-owned and private-equity-backed businesses across a wide range of industries. Gueddana, who has been with KPMG since 2002, had until recently been based in London working on the external and internal audits of FTSE100 and global groups in the oil and gas, mining and industrial sectors. In Glasgow, Gordon Herbertson has been promoted to director. Gordon, who joined KPMG in 1994, has a wealth of experience of the Scottish audit market and has spent 21 years working with large and listed companies. Kal Sangha, a tax specialist based in Glasgow, has been promoted to director. Sangha leads a multi-disciplinary team specializing in providing asset finance and tax solutions around business capital expenditure programs, with a particular focus on improving cash flow and bridging funding gaps for capital projects. Paul O'Leary, who leads the technology risk consulting practice across Scotland and Newcastle, has been promoted to director. Paul joined KPMG in 2009 and works across all industry sectors. Graham Cochran, a forensic specialist who has worked for KPMG within the UK and overseas, has also been promoted to director. Working alongside Ken Milliken, the head of forensic in Scotland, Graham acts as engagement leader on forensic engagements including fraud and misconduct investigations, disputes and valuations and fraud risk management assignments.
COHEN TO RETIRE FROM EXXONMOBIL AFTER NEARLY FOUR DECADES OF SERVICE
Ken Cohen, vice president, public and government affairs, Exxon Mobil Corp., plans to retire effective Jan. 1, 2016, after more than 38 years of service. It is anticipated that the board of directors will elect Suzanne McCarron as vice president, Public and Government Affairs, to succeed him. McCarron is currently general manager, public and government affairs, and president, ExxonMobil Foundation. Cohen joined the law department of Exxon USA in 1977. In 1985, he became chief attorney, Refining, Environment and Health and in 1989 was named assistant general counsel at Exxon Company International. He became senior counsel and coordinator, Exxon Corporation Law Department, in 1991 and in 1995 became general counsel, Exxon Chemical Company. He was named to his current position in November 1999. Cohen, who will reach the mandatory retirement age of 65 in January, earned his LLM from Yale Law School, where he was a Sterling Fellow. He did his undergraduate study at Northwestern University and earned his JD degree from Baylor Law School. McCarron joined Mobil Canada as public affairs manager in 1998. She held several management positions with increasing responsibilities in Public and Government Affairs at Exxon Mobil headquarters prior to moving to her current position in 2008. McCarron has a master's degree in journalism from University of Western Ontario in London, Ontario, and a Bachelor of Public Affairs from Mount St. Vincent University in Halifax, Nova Scotia.
FOLLOWING 30 YEARS OF SERVICE, STOVER TO RETIRE FROM MARATHON OIL
Michael J. Stover, currently vice president of Operations Services for Marathon Oil Corp., retired effective Nov. 30, following nearly 30 years of service. Stover earned a Bachelor of Science degree in petroleum and natural gas engineering from Pennsylvania State University in 1986. He joined Marathon Oil that same year, initially as a roustabout, followed by operations and reservoir engineering assignments for the Yates Field in West Texas. In 1991, he transferred to the company's international group in Houston and was responsible for reservoir and economic studies for fields in Ireland, Tunisia, and Norway. From 1995 through 2000, Stover was located in Anchorage, Alaska, where he worked both development and exploration projects associated with Marathon Oil's former operations on the Kenai Peninsula. In 2000, he joined Marathon Oil's Corporate Strategic Planning group in Houston where he aided in business planning and corporate portfolio modeling to support the reorganization of USX Corp. that led to the establishment of Marathon Oil Corp. as a stand-alone company. Stover then relocated to Aberdeen, Scotland, where he held the position of European Business Unit Subsurface and Business Planning manager. In 2005, he relocated to Houston where assumed the role of East Texas/North Louisiana asset manager, and in 2006, his role expanded to include Oklahoma properties. In 2009, he assumed the role of director of Central Evaluation and Financial Planning. In late 2011, he was named Mid-Continent Asset manager. In 2013, Stover was appointed to oversee Marathon Oil's project development, reliability and engineering, subsurface technology, global supply chain, land and commercial services, marketing, drilling and completions activities, and corporate reserves.
NORTHERN OFFSHORE NAMES NEW CFO
Northern Offshore has named R. Bradley Forth as senior vice president and CFO. Forth previously served as executive vice president, CFO and corporate secretary for HF2 Financial Management and for Highbury Financial, two publicly traded investment companies that he co-founded. Prior, he served in roles of increasing responsibility with Berkshire Capital Securities. Forth holds degrees in economics and chemistry from Duke University.
WARREN RESOURCES NAMES WATT PRESIDENT, CEO
Warren Resources Inc. has appointed James A. Watt as president and CEO. He is expected to be named to the board of directors at the next meeting of the board. Lance Peterson, who has served as interim CEO since December 4, 2014, has stepped down from this role and will continue as a director. Watt joins Warren Resources from Dune Energy where he served as president, CEO, and director. Prior to joining Dune in 2007, Watt served as CEO of Remington Oil and Gas since February 1998 and chairman of Remington since May 2003, until Helix Energy Solutions Group acquired Remington in July 2006. Watt currently serves on the board of Bonanza Creek Energy where he serves as chairman, as well as serving on the board of Helix. Watt received BS from Rensselaer Polytechnic Institute.
WOOD GROUP KENNY APPOINTS OPERATIONS VP IN HOUSTON
Matt Kirk has joined Wood Group Kenny as vice president of operations, bolstering the company's regional leadership team in the Americas. With 17 years of experience in the oil and gas sector, Kirk joins Wood Group Kenny from Xodus Subsea where he was managing director. He moved from the UK to Houston in 2010 to set up Xodus Group's operations in the US and subsequently spent four years as Americas regional director for the company. Kirk, a chartered subsea engineer with the Institute of Marine Engineering, Science and Technology, will focus on broadening the Wood Group Kenny client base in the Americas while continuing to support existing clients to deliver operational efficiency.
CHEVRON MAKES SENIOR MANAGEMENT CHANGES
Two top executives with Chevron Corp. will assume new roles effective Jan. 1, 2016. Michael Wirth will become executive vice president for midstream and development. Wirth is currently executive vice president, downstream and chemicals. Pierre Breber, presently executive vice president, gas and midstream, will become executive vice president, downstream and chemicals.
WOOD TO SUCCEED KOZEL AS MOUNTAINEER KEYSTONE CEO
Rob Kozel has stepped down as CEO of Mountaineer Keystone Energy LLC, a portfolio company of First Reserve. David Wood, chairman of the board at Mountaineer Keystone, has been appointed as the new CEO. Wood will continue to serve as chairman. Wood first joined Mountaineer Keystone's board in 2014 after serving as president and CEO of Murphy Oil Corp., a director of the American Petroleum Institute, and a member of the National Petroleum Council. Wood is a director of Deep Gulf Energy and also maintains a seat on the board of Crestwood Equity Partners. He earned a BS in geology and has completed the Advanced Management program at Harvard University. In addition, the company also announced the following regarding its senior management. Nathan Murphy, previously vice president, general counsel, chief compliance officer and corporate secretary with Rosetta Resources, has joined the company as senior vice president, general counsel, chief compliance officer, chief risk officer and corporate secretary. Jon Farmer, previously senior vice president of Marcellus operations, will serve as executive vice president and COO. Steve Bishop, currently CFO, has been named president and will serve as both president and CFO.
PA RESOURCES CFO TO LEAVE THE COMPANY
Tomas Hedström has resigned his position as CFO of PA Resources. He plans to leave the company at year-end to take up a yet to be announced position at another company. Urban Adolfson, head of group control and accounting, was appointed acting CFO effective December 1, 2015. PA Resources AB operates in Tunisia, Republic of Congo (Brazzaville), UK, Denmark, Netherlands, and Germany. PA Resources has oil production in Tunisia. The parent company is located in Stockholm, Sweden. After a review of strategic options regarding the company's future, the board has found no viable alternatives with regards to long-term financing or M&A, leaving a sale of its assets and subsidiaries, as the company's remaining option. Following the board of directors' decision to pursue the sale of the company's assets, it is the company's intention to apply for delisting of its shares from the Nasdaq Stockholm exchange. The decision to delist the company's shares is required by the agreements signed with its major creditors as part of the corporate reorganization.
TARGA RESOURCES, TARGA RESOURCES PARTNERS MAKE MANAGEMENT CHANGES
Targa Resources Corp. and Targa Resources Partners LP noted that Michael A. Heim has been appointed to the board of directors of Targa Resources GP LLC, the general partner of Targa Resources Partners LP and has elected to step down as president and COO of TRC and of the general partner of the partnership, effective as of November 12, 2015. He will serve as vice chairman of the board and will remain a full-time employee and member of the executive team acting in an advisory role on commercial and operational matters, leading special projects. He is also expected to transition to the Targa Resources Corp. board of directors upon closing of TRC's announced acquisition of TRP. In addition, D. Scott Pryor, Patrick J. McDonie, Dan C. Middlebrooks and Clark White have been promoted to the executive team, also effective as of November 12, 2015. Pryor has been elected as executive vice president, logistics and marketing. Pryor previously served as senior vice president, NGL logistics & marketing. He joined Targa in 2005 through Targa's acquisition of Dynegy Midstream Services LP. McDonie has been elected executive vice president, Southern Field gathering and processing. McDonie previously served as president of Atlas Pipeline Partners GP LLC. He also served as COO of Atlas between July 2012 and October 2013. Middlebrooks has been elected executive vice president, Northern Field gathering and processing. Middlebrooks previously served as senior vice president, Field G&P. He joined Targa in 2004. White has been elected as executive vice president, engineering and operations. White previously served as senior vice president, Field G&P. He joined Targa in 2005 through Targa's acquisition of Dynegy Midstream Services LP.
KALAMARAS DEPARTS AZURE MIDSTREAM CFO ROLE
Azure Midstream Energy LLC and Azure Midstream Partners LP noted that Eric Kalamaras has stepped down as CFO. After a transition period through the end of 2015, he will leave the company to pursue other business interests. Kalamaras served Azure as CFO since January 2013, playing an instrumental role in pursuing the company's strategic interests including the acquisition of Marlin Midstream Partners LP in February 2015 at which time he also became the CFO of the partnership. Mandy Bush, Azure's vice president of strategic planning and human resources has assumed the role of interim CFO. Bush previously served as Marlin's CFO, where she helped complete the initial public offering of Marlin in the summer of 2013. She is a certified public accountant with over 12 years of experience in energy finance.
BAKSHT SUCCEEDS SWENT AS ENSCO CFO
Jon Baksht has been named CFO of Ensco plc, based in London, succeeding Jay Swent, who is retiring at the end of the year. Baksht most recently served as vice president, finance, after joining Ensco as vice president, treasurer. He earned an MBA from the Kellogg School of Management at Northwestern University and a BS in electrical engineering from the University of Texas. Supply chain and information services will continue to report to Swent in the near term until a new reporting structure is announced.
IPAA BOARD ELECTS MILLER AS CHAIRMAN, JONES AS VICE CHAIRMAN
At its 86th annual meeting, the Independent Petroleum Association of America (IPAA) board of directors elected Mark Miller as IPAA's 41st chairman of the board and Stephen Jones as vice chairman for the 2015-2017 term. Miller is president of Merlin Oil & Gas Inc. Jones is co-chairman of Houston-based EnerVest. IPAA thanked Mike Watford for his leadership as IPAA's 40th chairman. He will remain active on the association's board. Miller obtained his bachelor's degree from the University of South Carolina and began his career in the petroleum landman business in 1981. He served as the 2013-15 vice chairman of the IPAA and serves on the board of the Louisiana Oil and Gas Association (LOGA). Jones has served as co-chairman of EnerVest since May 2015. In 1998, he founded Jones Villalta Asset Management. He holds a BBA in finance from The University of Texas at Austin and a MBA from St. Edward's University. IPAA board officers for the 2015-2017 term are Mark Miller, chairman; Stephen Jones, vice chairman; Diemer True, treasurer; Barry Russell, president & CEO; and Mike Watford, immediate past chairman.
