Jamie McCoy, vice president and CFO of Canyon Creek Energy, is today’s featured Forty Under 40 honoree.
At Canyon Creek, McCoy oversees the financial functions of the company and works to leverage his network to identity and execute plans for additional avenues of growth. In this role, he has helped the Tulsa, Okla.-based company grow substantially and significantly broadened its investor base “in both size and nature of capital.”
McCoy believes that his past career experience has been critical to his contributions to Canyon Creek.
He began his career as an audit manager at EY, a Big Four accounting firm. After nine years in professional services, he joined an operating company to contribute financial expertise while having the opportunity to learn the actual business of oil and gas.
“While I felt like I could be successful in that environment [at EY], I knew that I had to pursue other opportunities to be a part of building something,” he said. “Leaving EY was probably the toughest decision of my career, but ultimately it put me on the path to where I am now.”
The acquisition of Jagged Peak will more than double Parsley Energy’s position in the Delaware Basin, where the companies expect to generate G&A savings of about $25 million within the first year.
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
Diversified Gas & Oil, known as DGO, expects to acquire over a hundred unconventional producing gas wells in the Appalachian Basin from a proposed transaction with HG Energy.