Jack Ballard

LONDON, UK, February 20, 2025 – Pantheon Resources plc (AIM:PANR) (“Pantheon” or the “Company”), is pleased to announce the appointment of accomplished energy executive, Max Easley, as Chief Executive Officer, succeeding Jay Cheatham. Mr. Easley will be appointed as a member of the Pantheon Board of Directors effective 28 February 2025, while Mr. Cheatham will continue to serve the Company as a Non-Executive Director for a period of handover to Mr. Easley. Preng & Associates assisted with the search and placement of this position.

A native-born Alaskan, Mr. Easley brings over thirty years of experience as a highly respected energy executive, drawing on extensive domestic and international experience in the upstream industry. Over the course of his career, Mr. Easley has held executive rolls at BP, Apache Corporation and PETRONAS Canada.

Mr. Easley graduated from the University of Alaska in 1991 with a degree in Petroleum Engineering. Following his early days learning his trade as a petroleum engineer at Prudhoe Bay, he worked overseas for over a decade, primarily in the UK and Trinidad, in a variety of technical, financial and leadership roles before returning to Alaska as Senior Vice President of Resource Development for BP Alaska. Over the past decade, he has been a driving force in the capital efficient appraisal, development and production of unconventional resources both in the Permian Basin in Texas and the Montney in British Columbia.

The appointment of Mr. Easley is another key step in the development of the Board and governance in preparation for a possible US listing. The Company expects to evolve the Board further as it executes on this strategy.

David Hobbs, Executive Chairman of Pantheon Resources, commented: “We are delighted to welcome Max Easley as our new Chief Executive Officer and as a member of the Board of Directors. Pantheon will benefit from his more than 30 years of experience in the oil and natural gas industry, particularly his experience on Alaska’s North Slope and successful Permian and Montney developments. This deep industry expertise, coupled with his strategic judgment and performance track record make him the ideal candidate to execute upon Pantheon’s strategy. Under Max’s leadership, the Company will be well positioned to shift from an exploration to a development and production company in short order.”

“I also want to express my personal gratitude to Jay Cheatham, who was a key member of the search committee. Jay has been a well-respected colleague, friend and key to the Company’s successes to-date. We would not be where we are but for his calm determination since he was appointed some 17 years ago. Jay embodies the maxim: ‘Adversity does not build character; it reveals it.’ Few could have shown more grit, and Jay hands over a Pantheon that is primed to deliver on what we consider the most exciting development programme anywhere in North America.”

Max Easley, incoming Chief Executive Officer of Pantheon Resources, said: “I appreciate the confidence the Board of Directors has shown in selecting me to lead Pantheon at this critical inflection point in the Company’s history. Jay and the team have done a fantastic job exploring, appraising and de-risking a material resource in a very advantaged location. I look forward to transitioning the company to development and production of these resources at pace for the benefit of both our shareholders, and the State of Alaska.”

About Pantheon Resources

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. Independently certified best estimate contingent recoverable resources attributable to these projects currently total c. 1.6 billion barrels of ANS crude and 6.6 Tcf (trillion cubic feet) of associated natural gas. The Company owns 100% working interest in c. 259,000 acres.

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028. This is based on bringing the Ahpun field forward to FID and producing into the TAPS main oil line (ANS crude) by the end of 2028. The Gas Sales Precedent Agreement signed with AGDC (Alaska Gasline Development Corporation) provides the potential for Pantheon’s natural gas to be produced into the proposed 807 mile pipeline from the North Slope to Southcentral Alaska during 2029. Once the Company achieves financial self-sufficiency, it will apply the resultant cashflows to support the FID on the Kodiak field planned, subject to regulatory approvals, targeted by the end of 2028 or early 2029.

A major differentiator to other ANS projects is the close proximity to existing roads and pipelines which offers a significant competitive advantage to Pantheon, allowing for shorter development timeframes, materially lower infrastructure costs and the ability to support the development with a significantly lower pre-cashflow funding requirement than is typical in Alaska. Furthermore, the low CO2 content of the associated gas allows export into the planned natural gas pipeline from the North Slope to Southcentral Alaska without significant pre-treatment.

The Company’s project portfolio has been endorsed by world renowned experts. Netherland, Sewell & Associates estimate a 2C contingent recoverable resource in the Kodiak project that total 1,208 mmbbl (million barrels) of ANS crude and 5,396 bcf (billion cubic feet) of natural gas. Cawley Gillespie & Associates estimate 2C contingent recoverable resources for Ahpun’s western topset horizons at 282 mmbbl of ANS crude and 803 bcf of natural gas. Lee Keeling & Associates estimated possible reserves and 2C contingent recoverable resources totalling 79 mmbbl of ANS crude and 424 bcf natural gas.

For more information visit www.pantheonresources.com.

SOURCE: Pantheon Resources PLC

HAMPTON, NH, Oct. 30, 2024 (GLOBE NEWSWIRE) — Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors has elected Jane Lewis-Raymond to the Board. The addition of a new director is part of the Board’s normal succession planning process in anticipation of the upcoming retirements of directors reaching the mandatory retirement age of 75. Unitil partnered with Preng & Associates to successfully identify and secure top executive talent for a Board role in the utilities industry. Ms. Lewis-Raymond will stand for election to the Board by the shareholders of the Company at the next annual meeting of shareholders, which will be held in April 2025.

Ms. Lewis-Raymond is principal of Hilltop Strategies, LLC (“Hilltop”), which provides strategic consulting services to senior executives in a wide variety of industries. At Hilltop she brings vast experience as a natural gas utility executive, including deep knowledge of corporate governance, community relations, cybersecurity oversight, as well as data privacy, safety, and corporate ESG programs. Prior to Hilltop, Ms. Lewis-Raymond was a partner in the corporate and energy groups at the firm of Parker Poe Adams and Bernstein (“Parker Poe”). Prior to Parker Poe, she served as senior vice president and chief legal, compliance and external relations officer at Piedmont Natural Gas Company, Inc. (“Piedmont”), which is now a wholly owned subsidiary of Duke Energy. Prior to Piedmont, she held the position of vice president of regulatory affairs at the American Gas Association. Ms. Lewis-Raymond also currently serves on the Board of Southwest Gas Holdings, Inc. Ms. Lewis-Raymond earned a Bachelor of Arts degree in Government and Politics and East Asian Language and Literature from the University of Maryland, and a J.D. from the University of Maryland School of Law, Order of the Coif.

“We are delighted that Jane Lewis-Raymond will be joining the Unitil Board,” said Thomas P. Meissner, Jr., Unitil’s chairman and chief executive officer. “Jane is a proven leader having served as an attorney and an executive in the natural gas industry for nearly three decades. She brings a broad portfolio of skills that will enhance and complement our Board’s existing skill set and strengthen our commitment to safety, growth and sustainability.”

About Unitil Corporation
Unitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more efficient energy. Unitil Corporation is a public utility holding company with operations in Maine, New Hampshire and Massachusetts. Together, Unitil’s operating utilities serve approximately 108,500 electric customers and 88,400 natural gas customers. For more information about our people, technologies, and community involvement please visit unitil.com.

BISMARCK, ND, August 14, 2024 The North Dakota Industrial Commission named Nathan Anderson as the next director of the Department of Mineral Resources (DMR). Anderson succeeds former Director Lynn Helms who retired on June 30 after 26 years of service. Preng & Associates assisted the State of North Dakota in this search for an experienced leader to oversee the State’s mineral resources. Anderson’s start date will be Sept. 16.

Anderson has worked in the oil and gas industry for 25 years, with roles spanning most petroleum engineering disciplines, as well as regulatory leadership roles in Texas, Ohio and Colorado. Anderson most recently served as PDC Energy’s senior asset director from 2018 to 2023, and continued as a senior advisor after the company was acquired by Chevron in 2023.

“We are pleased to welcome Nathan to the Industrial Commission and the Department of Mineral Resources,” said the Commission in a joint statement. The Commission consists of Gov. Doug Burgum as chair, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring. “This role is critical for our state as it fosters the continued growth of the industry responsible for over 63% of our state’s revenues. Nathan’s deep background in industry and his strong understanding of the complete life cycle of an oil and gas asset make him exceptionally well-positioned to lead DMR, and we are confident that he will serve our state well.”

A Minot native, Anderson earned a bachelor’s degree from North Dakota State University. He has also served on several regulatory committees, including the Texas and the Ohio Oil and Gas Associations. While in Texas, Anderson’s team drilled some of the first U-laterals in the state.

“I am honored to be chosen for this role and am excited to be able to serve the DMR, its employees, the energy industry and the people of the great state of North Dakota,” Anderson said. “I look forward to getting started in the near future.”

About The North Dakota Department of Mineral Resources

In 2005, DMR was formed under the Industrial Commission by merging the Oil and Gas Division and the North Dakota Geological Survey into one department. The Oil and Gas Division was created in 1981 to serve as the regulatory agency tasked with permitting and overseeing oil and gas development. The Geological Survey was created in 1895 and is tasked with mapping North Dakota’s geologic resources and overseeing non-oil and gas mineral development. In 2018, DMR was also tasked with regulating Carbon Capture, Utilization and Storage (CCUS) when North Dakota became the first state to achieve primacy over the Class VI Underground Injection Control Program from the U.S. Environmental Protection Agency.

About Preng & Associates

Preng & Associates, founded in 1980, is the only retainer-based international executive search firm specializing solely in the energy industry. The firm’s experience spans the entire energy value chain – from the well head to the wall socket. Their subsector verticals have specific expertise in Oil and Gas (Upstream, Midstream and Downstream), Oilfield Equipment and Services, Power & Utilities, Renewables, Engineering and Construction, and Industrials. Preng & Associates has conducted more than 4,000 engagements for over 880 companies and placed individuals for board, executive management, and professional positions in 92 countries.

Source link: https://www.ndic.nd.gov/news/industrial-commission-names-nathan-anderson-director-department-mineral-resources

Ring Energy, Inc. (NYSE: REI) (“Ring” or the “Company”) today announced a management team update, including the addition of a new senior executive. Mr. Phillip Feiner has joined Ring as Vice President, General Counsel. With more than 25 years of energy industry experience, including with both public and private companies, Mr. Feiner is responsible for leading Ring’s legal and human resources efforts. Preng & Associates, a leading global executive search firm, was retained to assist with the search.

Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “We are pleased to have Phillip join the Company given his substantial background and industry experience. This role is key to the execution of our long-term strategy, and I – along with the rest of the team – look forward to working closely with Phillip as we continue to focus on maximizing the Company’s cash flow, improving the balance sheet, and driving increased value for our stockholders.”

Prior to joining Ring, Mr. Feiner most recently served as General Counsel for Nacero Inc., a renewable fuels company. Prior to Nacero, Phillip served as General Counsel for HSB Solomon Associates, a global consulting and benchmarking firm serving the upstream, midstream, and downstream energy space. From 2011 to 2019, Mr. Feiner worked at Kosmos Energy as Assistant General Counsel where he was promoted to Vice President, Legal and HR and subsequently to Vice President and Deputy General Counsel. Prior to Kosmos Energy, Phillip served as Vice President and General Counsel for Cano Petroleum. Mr. Feiner received a B.A. degree from the University of North Carolina at Wilmington and a J.D. degree from Wake Forest University School of Law.

About Ring Energy, Inc.

Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. For additional information, please visit www.ringenergy.com.

About Preng & Associates

Preng & Associates, founded in 1980, is the only retainer-based international executive search firm specializing solely in the energy industry. The firm’s experience spans the entire energy value chain – from the well head to the wall socket. Their subsector verticals have specific expertise in Oil and Gas (Upstream, Midstream and Downstream), Oilfield Equipment and Services, Power & Utilities, Renewables, Engineering and Construction, and Industrials. Preng & Associates has conducted more than 4,000 engagements for over 900 companies and placed individuals for board, executive management, and professional positions in 92 countries.

Source link: https://www.ringenergy.com/news-presentations-events/press-releases/detail/218/ring-energy-provides-management-team-update

Lapis Energy, an integrated carbon management company, announced today that Rusty Desormeaux is joining their Executives team as Chief Operating Officer. Preng & Associates assisted in this search for an executive leader in the carbon management industry.

With over 25 years of global experience in the energy industry, Rusty has a proven track record in leading operations, production, drilling, and engineering teams, most recently serving as the Director of CCS Capital Projects at Talos Energy. Previously, he worked at Murphy Oil and Kerr McGee Oil and Gas working as various engineering and operational management roles in Offshore and Onshore Oil and Gas production. Rusty Graduated from the University of Louisiana at Lafayette with a Bachelor of Science in Petroleum Engineering.

Rusty’s expertise and leadership will be instrumental as Lapis Energy continues to advance its industry-leading portfolio of CCS projects. Lapis is confident that Rusty will drive forward our mission to be the partner of choice delivering customized CCS solutions.

ABOUT LAPIS ENERGY

Lapis connects major CO2 emitters with the best CO2 storage sites. The Lapis team comprises leading industry experts with multiple decades of relevant technical, commercial and project experience with the biggest companies in the world. Backed by private equity finance infrastructure development specialists, Cresta Fund Management, Lapis is positioned to become a market leader in the rapidly evolving world of industrial decarbonization through CCS.

As the energy industry undergoes a fundamental restructuring, Lapis represents the bridge between the best traditional solutions and structures and the next generation to ensure effective and efficient project development and delivery of commercially viable investments. For more information about Lapis Energy, please visit https://www.lapisenergy.com/

Source Link: https://www.linkedin.com/posts/lapis-energy_exciting-news-from-lapis-we-are-delighted-activity-7208496620147990528-TCvU/

Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) announced that it has appointed Leon Chad as Senior Vice President, Commercial, effective June 3, 2024. Preng & Associates assisted in this search. This appointment serves as the replacement for the Company’s Senior Vice President – Global Business Lines who departed in March 2024.

With over three decades of both domestic and international experience in the energy and chemistry industries, Mr. Chad brings invaluable expertise that will further enhance the Company’s strategy to drive market share gains through its differentiated chemistry and data solutions.

Ryan Ezell, Chief Executive Officer, said “I am thrilled to welcome Leon as the newest member of our leadership team at a time when we continue to aggressively execute accretive initiatives aimed at building a resilient business that can sustain profitability through the volatility inherent in our industry. Mr. Chad’s proven track record of developing and implementing successful business strategies around sales, marketing and commercial operations across the globe in the energy and chemistry industries will be instrumental in helping the Company to execute its strategy.”

Prior to joining Flotek, Mr. Chad served as Product Line Director at Baker Hughes, where he led the chemicals service delivery operation for the North America Offshore region. Prior to this, he was Director and Vice President at Locus Fermentation Solutions, a bio-chemical startup focused on green chemistry, where he was responsible for market growth and business development strategy and execution within the oilfield sector. Earlier, Mr. Chad was Head of Marketing and Global Head of Business Development for Clariant Oil Services, where he directed new market entry strategies, market expansion and technology-focused value-based growth initiatives. Mr. Chad’s extensive career also includes 20 years at Nalco Energy Services, where he held various sales, marketing, and commercial leadership roles. During his tenure at Nalco, he was based in diverse locations, including the UK, Houston, TX, and Dubai, where he led the MENA Region. Mr. Chad is fluent in Arabic and French and holds a Maitrise es Sciences in chemistry from the Lebanese University.

ABOUT FLOTEK INDUSTRIES

Flotek Industries, Inc. is an advanced technology-driven, green chemical and data analytics company providing unique and innovative completion solutions that have a proven, positive impact on sustainability and reducing the overall environmental impact of energy on air, land, water and people. Flotek has an intellectual property portfolio of over 170 patents and a global presence in more than 59 countries throughout North America, Latin America, the Middle East and North Africa. Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions which improve well performance and allow its customers to generate higher returns on invested capital.

Source Link: https://www.flotekind.com/flotek-enhances-executive-leadership-team-with-addition-of-leon-chad-as-senior-vice-president-commercial/

PetroTal Corp.(TSE:TAL) (AIM:PTAL)  has announced Emilio T. Acin Daneri has joined as Vice President, Business Development. Preng & Associates assisted in completing this search.

Emilio Acin Daneri brings over 30 years of experience in several global oil companies, working in a variety of business development, commercial and financial executive roles. He has been instrumental in multiple merger, acquisition and divestiture transactions, primarily in Latin America.

Prior to PetroTal, Mr. Acin Daneri served as a Senior Commercial Advisor at CNOOC International, having key roles in developing transactions and alliances across Latin America. Prior to CNOOC, Mr. Acin Daneri was a Director at Repsol where he held several positions of increasing responsibility, including Director of Business Development for Europe, Asia and Africa and later Latin America, and Deputy CFO for the JV with Sinopec in Brazil. Prior to Repsol, he held commercial and finance positions at Madagascar Oil, Pioneer Natural Resources, El Paso Corporation and Santa Fe Energy Resources.

ABOUT PETROTAL

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018. In early 2022, PetroTal became the largest crude oil producer in Peru. The Company’s management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field. It is actively building new initiatives to champion community sensitive energy production, benefiting all stakeholders.

Source Link:https://www.newsfilecorp.com/release/206607/PetroTal-Announces-Corporate-Updates

PJM Interconnection, L.L.C. has announced that Aftab Khan is joining the company as EVP, Operations, Planning & Security Officer. It was previously announced that Preng & Associates was selected to complete this search.

Khan will report to PJM President and CEO Manu Asthana and will have overall responsibility for grid operations, transmission planning, cybersecurity and physical security, and business continuity.

“We welcome the experience, expertise and leadership Aftab brings to this important new role, which was created to support grid reliability during this increasingly complex energy transition,” Asthana said.

As a member of PJM’s Executive Team, Khan will work closely with PJM’s CEO, other Executive Team members, and the Reliability & Security Committee of the PJM Board to coordinate PJM’s grid operations and transmission planning, ensure both cybersecurity and physical security for the organization, and oversee business continuity efforts.

He previously served as Senior Vice President of Engineering with Eversource Energy, the utility serving 4 million customers in Connecticut, Massachusetts and New Hampshire, where he led an engineering organization of over 1,000 people focused on transmission and distribution system planning, asset management, engineering, grid modernization, operations technology, control room support and vegetation management.

He also previously worked with GE providing oversight to Grid Solutions in North America. Prior to that, Khan spent 24 years with ABB in a variety of roles, including Senior Vice President – Power Transformers, North America; President – Power Systems Division, Saudi Arabia; and Senior Vice President – Grid Systems, North America.

Khan holds an MBA in operations and finance from Carnegie Mellon University; a master’s degree in electric power engineering from Rensselaer Polytechnic Institute; and a bachelor’s degree in electrical engineering from the University of Alaska.

“I am eager to help PJM take on the many challenges presented by the energy transition,” Khan said. “PJM’s creation of this new role shows the company’s commitment to seeking comprehensive solutions that emphasize reliability and security as the system evolves.”

PJM Interconnection, founded in 1927, ensures the reliability of the high-voltage electric power system serving 65 million people in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. PJM coordinates and directs the operation of the region’s transmission grid, which includes 88,115 miles of transmission lines; administers a competitive wholesale electricity market; and plans regional transmission expansion improvements to maintain grid reliability and relieve congestion. PJM’s regional grid and market operations produce annual savings of $3.2 billion to $4 billion. For the latest news about PJM, visit PJM Inside Lines at insidelines.pjm.com.

Source Link:https://insidelines.pjm.com/pjm-appoints-aftab-khan-as-executive-vice-president-operations-planning-security/