Stephen R. Brunner will become president of Petro River Oil Corp., joining its executive management team, the company said Nov. 5. His appointment is part of the company’s restructuring process, Petro River added.
Most recently, he was president and CEO of Constellation Energy Partners, and has more than 30 years’ experience in E&P and company management.
Previously, he was executive vice president for Pogo Producing Co., and while there was also the resident manager of Thaipo Ltd., a Thailand-based Pogo subsidiary. Prior to Pogo, Brunner worked at Zilkha Energy Co., Chevron Corp. (CVX) and Tenneco Oil Co.
"I am excited for the opportunity to step-in to a company that once had a great deal of promise. These have been challenging times for small domestic producers, but depressed commodity prices have also created opportunities to take advantage of if you have the staying power and know where to look. My goal is to reposition Petro River to best exploit these opportunities and allow us to add meaningful reserves that create shareholder value," Brunner said.
Petro River Oil Corp. is based in New York.
Recommended Reading
US Raises Crude Production Growth Forecast for 2024
2024-03-12 - U.S. crude oil production will rise by 260,000 bbl/d to 13.19 MMbbl/d this year, the EIA said in its Short-Term Energy Outlook.
US NatGas Output to Decline in 2024, While Demand Rises to Record High, EIA Says
2024-04-09 - The EIA projected dry gas production will ease in 2024 as several producers reduce drilling activities.
US Gas Rig Count Falls to Lowest Since January 2022
2024-03-22 - The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22.
US Drillers Add Oil, Gas Rigs for First Time in Five Weeks
2024-04-19 - The oil and gas rig count, an early indicator of future output, rose by two to 619 in the week to April 19.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row-Baker Hughes
2024-04-12 - The oil and gas rig count, an early indicator of future output, fell by three to 617 in the week to April 12, the lowest since November.