News & Media

Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced the results of the Company’s Annual Meeting of Stockholders held virtually via webcast on April 30, 2025, at 9:00 a.m. Central Time. 

At the meeting, stockholders approved the election of eight directors. The directors are: David L. King, Chairman, Interim President and Chief Executive Officer, Primoris; Michael E. Ching, former Global Head of Investment Research, Evaluserve; Carla S. Mashinski, former Chief Financial Officer, Cameron LNG; Terry D. McCallister, former Chairman and Chief Executive Officer, WGL Holdings, Inc. and Washington Gas; Jose R. Rodriguez, former Senior Audit Partner at KPMG LLP; Harpreet Saluja, Executive Vice President of Corporate Strategy & Business Development, Ecolab; John P. Schauerman, former Executive Vice President of Corporate Development, Primoris; and Patricia K. Wagner, former Group President of U.S. Utilities, Sempra Energy.

Preng & Associates assisted in the search and placement of Harpreet Saluja. Harpreet Saluja has more than 30 years of experience in strategy, business development, and M&A roles at leading global organizations. In 2024, she joined Ecolab (NYSE: ECL), a global sustainability leader offering water, hygiene, and infection prevention solutions and services that protect people and the resources vital to life. As executive vice president of Corporate Strategy & Business Development, she is responsible for the company’s new business ventures, M&A, and business development activities. From 1998 to 2024, Ms. Saluja held executive roles in Corporate Development & Planning at Eaton (NYSE: ETN), a global power management company focused on electrical, aerospace, and vehicle end markets. From 2013 to 2024, she was senior vice president and led the company’s corporate strategy and global M&A function. From 1995 to 1998, she performed international business development and integration roles for Tenneco Automotive, a global tier-one automotive supplier. Ms. Saluja holds an M.B.A. from the University of Michigan, and a Bachelor of Law and Bachelor of Arts degree in mathematics and psychology from Punjab University in India. She serves as an Independent Trustee of First American Funds, an affiliate of U.S. Bancorp.

The stockholders also approved the Advisory, Non-Binding Vote Approving the Company’s Named Executive Officer Compensation.

Additionally, the stockholders approved the ratification of the selection of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.

David L. King, Chairman of the Board, Interim President and Chief Executive Officer, said, “I want to thank our retiring board member, Stephen C. Cook, whose business acumen and counsel as lead independent director has been instrumental in shaping our path forward. I also want to welcome our new board member, Harpreet Saluja, whose merger and acquisition expertise in the power management sector and extensive background in finance and strategic planning make her well suited to help guide and support Primoris’s future growth and value creation strategies. To our stockholders, thank you for placing your trust in our leadership and business strategies by investing in Primoris Services Corporation. We value your support and remain committed to safely executing on the opportunities before us to create shareholder value.”

About Primoris

Primoris Services Corporation is a premier specialty contractor providing critical infrastructure services to the utility, energy, and renewables markets throughout the United States and Canada. Built on a foundation of trust, we deliver a range of engineering, construction, and maintenance services that power, connect, and enhance society. On projects spanning utility-scale solar, renewables, power delivery, communications, and transportation infrastructure, we offer unmatched value to our clients, a safe and entrepreneurial culture to our employees, and innovation and excellence to our communities. To learn more, visit www.prim.com and follow us on social media at @PrimorisServicesCorporation.

Source Link: https://www.businesswire.com/news/home/20250501213829/en/Primoris-Services-Corporation-Announces-Results-of-Annual-Stockholders-Meeting

April 30, 2025 – Unitil Corporation (NYSE:UTL) announced that its Board of Directors has elected Katherine Kountze to the Board. Preng & Associates assisted in the search and placement of this position.

Katherine Kountze has been the chief information officer of Bose Corporation (“Bose”), a consumer retail company that develops sound solutions for entertainment, home audio, aviation and automotive industries, since April 2022. Prior to Bose, Ms. Kountze served as the executive vice president and chief information officer of DentaQuest, a provider of dental and vision benefits administration, from February 2021 until March 2022. Prior to DentaQuest, Ms. Kountze served as the senior vice president and chief information officer at Eversource Energy, a provider of electric and natural gas service to customers in Connecticut, Massachusetts and New Hampshire from 2010 until January 2022. Since 2001, Ms. Kountze served in various senior information and data security positions at The United Illuminating Company, an electric utility company in Connecticut (now a subsidiary of Avangrid, Inc.), and served as vice president and chief information officer from 2007 until 2010. Ms. Kountze currently serves on the board of directors and audit committee of Bombardier Recreation Products, Inc., a global provider of snowmobiles, all-terrain vehicles, motorcycles, and personal watercraft, based in Quebec Canada. Ms. Kountze formerly served on the board of The Children’s Place from 2021 until 2024. She has won several awards including 2021 Top Women in Energy, 2021 Diversity Women Elite 100, Most Impactful Black Women in Boston 2021, 2017 CIO of the Year, and 2015 Women Leading Stem Award. Ms. Kountze holds a bachelor’s degree in actuarial Math and Science and a master’s degree in Computer Science.

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.

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

THE WOODLANDS, Texas, Nov. 25, 2024  — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the addition of a new senior technical executive.

Mr. James J. Parr joins Ring as Executive Vice President, Exploration and Geosciences. Mr. Parr is an experienced petroleum geologist with over 30 years of energy leadership in all aspects of the upstream petroleum business in multiple global organizations. As a key member of the executive team, Ring Energy is enhancing its ability for further value creation through identification, capture, and execution of both organic and inorganic growth opportunities. Preng & Associates assisted in this search.

Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “I have had the pleasure of working closely with James in the past, who is a respected oil finder with an established history of successful capital allocation and portfolio management resulting in impactful, low-cost reserve additions, and related positive contributions to the bottom line. We look forward to leveraging James’ extensive technical background and industry experience to help grow our opportunity set of highly attractive drilling prospects targeted to further maximize the Company’s cash flow, improve the balance sheet, and drive increased value for our stockholders.”

About Mr. Parr

Prior to joining Ring, from June 2022, Mr. Parr served as Vice President, Global New Ventures for Woodside Energy, where he was responsible for core exploration and business development activities worldwide while also supporting upstream M&A. Preceding BHP’s merger with Woodside in 2022, Mr. Parr served as Head of Growth, Petroleum for BHP Petroleum from 2021. Mr. Parr served as Director of International Exploration for Anadarko Petroleum Corporation from 2018 until acquisition by OXY at the end of 2019. From 2011 to 2018, Mr. Parr was Vice President, International New Ventures and Gulf of Mexico for APA (formerly Apache) Corporation. Before joining Apache, from 2004 to 2011, Mr. Parr served as Director, Exploration and Business Development for Cabot Oil & Gas Corporation after serving in several roles of increasing responsibility with Anadarko, ARCO and BP.

Mr. Parr earned a B.S. degree in Geological Sciences (Honors) from the University of Aston (Birmingham, England) followed by doctoral studies in Earth Sciences at the University of Cambridge (Cambridge, England). Additionally, Mr. Parr has participated in executive management programs at Thunderbird School of Executive Management (Arizona State University), Wharton Business School (University of Pennsylvania), and Cox School of Business (Southern Methodist University in Dallas, Texas). Mr. Parr is a Texas Certified Professional Geologist (#5600).

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.

Source Link: https://www.ringenergy.com/investors/news-events/press-releases/detail/224/ring-energy-announces-addition-to-management-team

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.

CAPE TOWN, South Africa, October 17, 2024/APO Group/ — International executive search firm Preng & Associates has joined the African Energy Week (AEW): Invest in African Energy 2024 conference as an Associate Sponsor. In this capacity, Preng & Associates will support industry engagement as companies and stakeholders convene in Cape Town to discuss the future of Africa’s energy industry.

As the African energy market continues to grow with new investments and partnerships driving the sector forward, finding the right talent to lead these initiatives is paramount. Preng & Associates, with over 40 years of experience, has successfully placed top executives and industry leaders in key roles across the energy value chain. Their participation at AEW: Invest in African Energy 2024 underscores the company’s role as a trusted partner for Africa’s energy industry through world-class executive recruitment and consulting services.

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