Panhandle Oil and Gas Inc. on March 10 named Ralph D’Amico as its new CFO following the resignation of Robb P. Winfield.

In a company news release, Panhandle said Winfield had resigned from his positions of vice president, CFO, controller and corporate secretary, effective immediately on March 9. He served as the company’s CFO since January 2017.

In his resignation letter, Winfield stated that he had no disagreements with Panhandle, its management, the board, any committee of the board or with respect to its financial reporting, according to a company filing with the U.S. Securities and Exchange Commission.

Earlier this year, Panhandle named Chad L. Stephens, an industry veteran who previously served on the executive team at Range Resources Corp., as its CEO. Stephens had been serving in the role in an interim capacity since the departure of Panhandle’s former CEO in August 2019 tied to a strategic shift to minerals acquisitions by the Oklahoma City-based company.

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D’Amico was appointed as Panhandle’s CFO, effective March 9. He will continue to serve in his current role as vice president of corporate development and investor relations, a position he has held since joining the company in January 2019.

Over the course of his 20-year career in finance and investment banking, D’Amico has been involved in over $5 billion of lead managed advisory and capital market transactions. More recently, he has been on the “leading edge of the minerals and royalties space where he has obtained an extensive knowledge base, executed numerous transactions, and helped the sector gain exposure within the investment community,” the Panhandle release said.

In a statement, Panhandle CEO Stephens wished Winfield luck with his future endeavors while also welcoming D’Amico into his new role at the company.

“Ralph [D’Amico] has done an outstanding job since he joined Panhandle a little over a year ago and has been critical in establishing Panhandle’s relationships with the mainstream of the mineral community,” Stephens said. “His investment banking experience and knowledge of the capital markets will be important assets as Panhandle continues its transition to a mineral and royalty focus.”

Panhandle owns roughly 258,000 net mineral acres across a dozen states in the U.S., including Texas—by far the largest oil-producing state and home to the Permian Basin and Eagle Ford shale play.

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