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
Range Resources Holds Production Steady in 1Q 2024
2024-04-24 - NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
Hess Midstream Increases Class A Distribution
2024-04-24 - Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
Murphy Oil Names Eric Hambly as President, COO
2024-02-08 - Murphy Oil has promoted Eric M. Hambly to president and COO and E. Ted Botner to executive vice president. Both will continue to report to CEO Roger W. Jenkins.