NextDecade Corporation announced on June 17 that it has appointed Brent Wahl as senior vice president, finance.
In this role, Wahl will be responsible for leading the financing needs of NextDecade’s Rio Grande LNG project as part of the company’s efforts to provide the largest LNG export solution linking Permian Basin associated gas to the global LNG market. He will be particularly focused on project-level debt and equity financing for the construction of NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.
“Brent is widely known as one of the LNG industry’s preeminent financial advisors, and we are thrilled to have him join our leadership team,” said NextDecade Chairman and CEO Matt Schatzman. “Brent brings considerable expertise to carry out our Rio Grande LNG financing plans and work with our joint project-level financial advisors, Société Générale and Macquarie Capital.”
Prior to joining NextDecade, Wahl was a senior managing director and head of midstream investment banking for North America at Macquarie. During his nine years at Macquarie, Wahl handled advisory assignments and capital raises for companies across the energy value chain, including more than $15 billion of debt and equity in support of the construction of LNG facilities in North America.
“I am pleased to join NextDecade as the company approaches a final investment decision on its ideally positioned Rio Grande LNG project later this year,” Wahl said. “NextDecade is deploying a solutions-oriented approach to provide Permian Basin producers natural gas flow assurance and access to the global LNG market, and I am delighted to help execute this industry-leading strategy.”
He has more than 20 years of experience in the energy industry, having also worked at J.P. Morgan and Bank of America. During his career, Wahl has participated in more than $50 billion of financings and more than $100 billion of announced M&A transactions.
Wahl holds a Bachelor of Science Degree in Economics from the University of Western Ontario and a Master’s Degree in Business Administration from the Richard Ivey School of Business at the University of Western Ontario.
U.S. energy firms reduced the number of oil rigs this week and for a record 10th month in a row as producers follow through on plans to cut spending on new drilling this year.
Companies added two oil rigs in the week to Oct. 11, bringing the total count to 712, Baker Hughes, a GE company, said in its weekly report. In the same week a year ago, there were 869 active rigs.
Drillers cut three oil rigs in the week to Oct. 4, bringing down the total count to 710, the lowest since May 2017, Baker Hughes, a GE company, said in its weekly report.