Oilfield Water Logistics (OWL) appointed Price Moncrief as CFO, the Dallas-based company said in a Jan. 20 news release.
Moncrief, a seasoned finance and corporate executive who previously worked for Concho Resources Inc., will lead OWL’s strategic financial management as the company continues its expansion in the Permian and Powder River basins where the provider of produced water infrastructure solutions is focused.
Commenting on the appointment, OWL CEO Chris Cooper said Moncrief’s expertise in the Permian Basin will be instrumental to supporting OWL’s vision and strategic direction "as we focus on building and delivering value for our customers and other stakeholders.”
OWL is a portfolio company of InstarAGF Asset Management Inc. Founded in 2014, the company’s customer-focused platform has doubled in size over the past year, recently growing to include an additional 23 saltwater disposal wells and 300 miles of water gathering pipelines in New Mexico, according to the company release.
Moncrief joins OWL from Concho Resources where he was senior vice president of corporate development and midstream. In the role, he was responsible for driving both corporate strategy and midstream strategy, which included water infrastructure initiatives, for Concho—one of the largest unconventional shale producers in the Permian Basin.
Prior to joining Concho in 2010, he was an investment banker at Tudor, Pickering, Holt & Co. and J.P. Morgan. His appointment at OWL is effective Jan. 20.
Recommended Reading
‘Now Do Australia’: Shale Royalty
2022-11-30 - Shale royalty Bryan Sheffield and Dick Stoneburner shift their attention to Australia.
EOG Resources Pays $847 Million to Settle Q3 Hedges
2022-10-11 - EOG settles wrong-way bets on energy prices following Russian invasion of Ukraine.
E&P Executives See Biden Administration Bent on Destroying Oil and Gas
2022-09-29 - Chronic underinvestment will lead to a tighter oil market but most E&P executives see at least some investors returning to the oil and gas market, according to the latest survey by the Federal Reserve Bank of Dallas.
Putin Orders Russia to Seize Exxon Mobil-Led Sakhalin 1 Project
2022-10-07 - Earlier this year, Exxon Mobil took a $4.6 billion impairment charge for exiting the Sakhalin 1 oil and gas project, its largest investment in Russia, although its head of upstream operations said on Oct. 4 it was still working with its partners on its exit.
Suncor Unveils Steps to Improve Oil Sands Safety after Fatalities
2022-11-04 - Interim CEO Kris Smith promised to improve Suncor's poor safety and operational record when he took over following former CEO Mark Little’s resignation in July.