(Source: Shutterstock)
Helmerich & Payne Inc. (H&P) has appointed J. Kevin Vann as its new CFO, effective Aug. 5, 2024. Vann will replace current CFO Mark W. Smith upon his retirement Aug. 15.
“With Kevin’s background in M&A we are confident that his leadership will continue to maintain and strengthen our existing financial policies, financial strategy and performance as we look forward to closing our planned acquisition of KCA Deutag,” said John Lindsay, president and CEO of H&P, in a press release.
RELATED
H&P’s $2B KCA Deutag Deal Positions Driller as Global Powerhouse
Vann holds experience in public company finance and accounting in the oil and gas industry. Before joining H&P, Vann served as CFO at WPX Energy from 2014 to 2021 and served as the company’s chief accounting officer and controller from 2012 to 2014.
From 1998 to 2011, he worked in various financial and accounting roles at Williams Cos.
Recommended Reading
Halliburton Sees NAM Activity Rebound in ‘25 After M&A Dust Settles
2024-07-19 - Halliburton said a softer North American market was affected by E&Ps integrating assets from recent M&A as the company continues to see international markets boosting the company’s bottom line.
Offshore, Middle East Buoys SLB’s 2Q as US Land Revenue Falls
2024-07-19 - Driven by a strong offshore market and bolstered by strategic acquisitions and digital innovation, SLB saw a robust second quarter offset by lower drilling revenue in the U.S.
Solaris Stock Jumps 40% On $200MM Acquisition of Distributed Power Provider
2024-07-11 - With the acquisition of distributed power provider Mobile Energy Rentals, oilfield services player Solaris sees opportunity to grow in industries outside of the oil patch—data centers, in particular.
Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024
2024-07-18 - Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.
Bechtel Awarded $4.3B Contract for NextDecade’s Rio Grande Train 4
2024-08-06 - NextDecade’s Rio Grande LNG Train 4 agreed to pay Bechtel approximately $4.3 billion for the work under an engineering, procurement and construction contract.
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.