(Source: Shutterstock/ Ring Energy)
Ring Energy Inc. has added a new member to its executive team with the addition of James Parr as the company’s executive vice president of exploration and geosciences, the company announced Nov. 25.
Parr has over 30 years of experience as a petroleum geologist and leader in multiple energy organizations.
Parr has a Bachelor of Science in geological sciences from the University of Aston in England.
He previously served as Woodside Energy’s vice president of global new ventures before joining Ring in support of upstream M&A and core exploration and business development activities. Before Woodside, Parr was the head of growth, petroleum for BHP Petroleum until its merger with Woodside.
“[Parr] 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,” said Ring Energy Chairman and CEO Paul McKinney.
Ring hopes to leverage Parr’s technical background and industry experience to grow the company’s opportunity set of drilling prospects, McKinney said.
Parr will help to “further maximize the company’s cash flow, improve the balance sheet and drive increased value for our stockholders,” he said.
Recommended Reading
Gran Tierra Enters Montney Shale JV with Logan Energy
2024-11-29 - In addition to its joint venture with Logan Energy Corp., Gran Tierra Energy Inc. also announced a seventh successful discovery well in Ecuador.
Coterra Eyes Wolfcamp D, Penn Shale Upside with $3.95B Permian M&A
2024-11-15 - With $3.95 billion in Permian M&A, Coterra is adding new Delaware Basin locations in the Bone Spring, Harkey and Avalon benches—and eyeing upside from deeper zones.
TotalEnergies, RWE Partner on German North Sea Wind Projects
2024-10-07 - TotalEnergies and RWE aim to commission two wind projects, N-9.1 and N-9.2, in 2031 and 2032.
ADNOC Drilling, SLB and Patterson-UTI Form JV Turnwell Industries in UAE
2024-10-01 - Their joint venture Turnwell Industries LLC has been contracted to drill an initial 144 wells in the United Arab Emirates, scheduled for completion by the end of 2025.
Exxon to Sell Older Permian Assets to Hilcorp in $1B Deal, Sources Say
2024-11-13 - Reuters reported in June that Exxon was auctioning the assets to focus on higher growth shale drilling properties, following the completion of its $60 billion takeover of Pioneer Natural Resources in May.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.