BOK Financial Corp. added industry veteran Chris Butta on May 13 to lead its petroleum engineering team across the company’s footprint.
The petroleum engineering team at BOK Financial, which has a 100-year heritage in energy banking, is one of the largest in-house petroleum engineering groups in the industry. The company, headquartered in Tulsa, Okla., has $78 billion in assets under management and administration.
Butta has been named as the director of petroleum engineering and will manage the petroleum engineering group from the organization’s office in Houston.
The addition strengthens the firm’s energy banking team by bringing “a new perspective from inside the industry,” the company release said.
Butta joins BOK Financial from Lime Rock Resources, a Houston organization and BOK Financial customer.
While at Lime Rock where he served as a director for 13 years, Butta built the firm’s engineering team. Prior to that, he was with Miller and Lents, a Houston-based energy consulting service, for 14 years.
“Our petroleum engineering team is the key to our success in our energy lending business,” Marc Maun, chief credit officer at BOK Financial, said in a statement on May 13. “Adding Chris as our director of petroleum engineering will further strengthen our team as we evolve our approach to managing our credit quality.”
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