Corrosion Resistant Alloys LP (CRA), a manufacturer of high-grade corrosion resistant alloy tubes, said on June 3 it has appointed Matt Pond as CFO.
Headquartered in Houston, Pond will be responsible for spearheading expansion of just-in-time manufacturing capabilities, developing strategic business relationships with global operators and serving as a member of CRA’s corporate leadership team.
Pond has almost 20 years of executive level industry experience, starting at Energy Alloys and serving as the vice president of business development at CRA. He also partnered and co-founded various oilfield materials companies including Smith Material Solutions, SMS Precision Tech, NewTech MWD Services and Frontier Oil Tools.
“We are proud to have his experience in business development, sales and marketing and corporate financing on our team.” John Patchell, owner and president of Corrosion Resistant Alloys, said.
Pond holds a bachelor’s degree in journalism from Southern Methodist University in Dallas.
Daily production at plateau will be about 43,000 barrels of oil equivalent. Utgard’s recoverable resources are estimated at about 40 million barrels of oil equivalent.
Emerson said Sept. 17 its entire E&P software suite is now available on Microsoft Azure’s cloud computing platform, enabling oil and gas companies to securely take advantage of digital technologies to better model and optimize production in new and established reservoirs.
Output will rise to 500 MMcf/d by second-quarter 2020 when five wells are expected to be online, the oil ministry said in a statement.