In a launch despatched to Rigzone by the Unbiased Petroleum Affiliation of America (IPAA) crew not too long ago, the IPAA introduced Michael A. Hillebrand as its new board chairman.
Hillebrand is the chief government officer of Pennsylvania-based Huntley & Huntley, the discharge highlighted. He has been appointed by the IPAA board for a two yr time period via 2026, the discharge outlined.
The IPAA famous within the launch that its board accredited Hillebrand on the IPAA’s annual assembly in late fall, including that Hillebrand formally assumed the position this month. Hillebrand replaces Steven H. Pruett, President and Chief Government Officer of Elevation Sources LLC.
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Hillebrand has thirty-nine years of mixed expertise in each vertical and horizontal nicely drilling, completions, and operations, in addition to all working and monetary features of oil and pure gasoline enterprise improvement, meeting and acquisition, and advertising, a bio web page on the IPAA’s web site states.
The bio web page notes that Hillebrand “has performed a key management position in securing over $1.1 billion of capital funding and/or commitments into a number of of Huntley’s affiliated corporations”. It provides that “a type of corporations, Olympus Power, now operates practically 100,000 acres and in considered one of SW Pennsylvania’s final undeveloped core Marcellus, deep Utica and Higher Devonian unconventional shale positions, now producing over 600 mmcf/d”.
Hillebrand’s bio web page on the IPAA website additionally highlights that Hillebrand is member of the Society of Petroleum Engineers (SPE) and the present Chairman of the Pennsylvania Unbiased Oil and Gasoline Affiliation (PIOGA).
Based on a bio web page on Pruett, hosted on the IPAA website, the earlier chairman of the IPAA has 38 years of oil and gasoline working, monetary, and administration expertise. He co-founded Elevation Sources LLC, was beforehand Senior Vice President of Company Growth of Concho Sources over 2012-13, and likewise co-founded and served as President and CFO of Legacy Reserves LP, the bio web page highlighted.
Pruett additionally beforehand served as President and CEO of First Permian and First Reserve Oil & Gasoline Co and served as Vice President of First Reserve Company, the web page identified, noting that he was an power funding banker with CS First Boston.
“Mike brings incredible enterprise and technical experience to the position of chairman, coupled with a ardour for business and affiliation advocacy,” IPAA President and Chief Government Officer Jeff Eshelman mentioned within the launch.
“Previous-chairman Steve Pruett, the president and chief government officer of Elevation Sources, has been invaluable in increasing IPAA’s attain in Texas and the Permian Basin,” he added.
“I look ahead to working with Mike on deepening our roots and relationships in my house state of Pennsylvania and all through the Appalachian Basin formations,” he continued.
The IPAA notes on its website that it has represented impartial oil and pure gasoline producers for greater than 90 years. The group represents the hundreds of impartial oil and pure gasoline producers and repair corporations throughout america, the IPAA website provides, noting that America’s impartial producers develop 91 p.c of the nation’s oil and pure gasoline wells.
“These corporations account for 83 p.c of America’s oil manufacturing, 90 p.c of its pure gasoline and pure gasoline liquids (NGL) manufacturing, and help over 4.5 million American jobs,” the location goes on to state.
In a launch posted on its website on November 4, the IPAA revealed that Hillebrand, IPAA Regional Director for Pennsylvania on the time, would turn out to be IPAA Chairman in January. It additionally revealed that Justin Cope, President & CEO of Flywheel Power LLC, would stay in his position as Vice Chairman of IPAA.
In that launch, the IPAA highlighted that Jonny Heins, Senior Director of Company Affairs, Permian Sources, and Cye Cooper Wagner, Government Vice President of Exploration, Cooper Oil & Gasoline Inc, have been named at-large administrators. The IPAA additionally revealed within the launch that Matthew White, Vice President of Accounting and Business, Burk Royalty Co Ltd, was named Regional Director – North Texas, and that Kate Farr, Senior Director of Authorities Affairs, Occidental Petroleum, was named Chair of the IPAA Land & Royalty Committee.
That launch additionally identified that Andrew Vecera, Director of Advocacy Companies, Ryan LLC, was named Chair of the IPAA Tax Committee.
To contact the writer, e mail andreas.exarheas@rigzone.com
