CALGARY, Alberta—Gibson Energy Inc. announced March 21 that Clayton Woitas will not be standing for re-election as a director at Gibson’s 2018 Annual General Meeting, and that John Festival will be proposed as a nominee for election to the board of directors.
Woitas has been a board member since 2010 and is currently the company’s longest-serving director, having provided support and mentorship to the Gibson management team through the ompany’s IPO in 2011 and its subsequent growth as a public company.
“Clayton Woitas is widely regarded as one of the leaders of the Canadian oil and gas community, and we are truly grateful for his contribution to Gibson’s success over the past eight years,” said James Estey, chairman of Gibson. “It has been a sincere pleasure working with Clayton, especially given his passion for our industry. As a close confidante, his strategic focus and authentic style help shaped the company for a bright future. We wish Clayton the very best and will continue to regard him as one of the key builders of our company.”
“Following an extensive search, we are excited to have John Festival stand as a nominee to our board,” Estey continued. “With over three decades of exploration, production and development experience in Western Canada at public and private entities, John brings a thorough understanding and appreciation of our customer.”
Festival is currently president, CEO and a director of BlackPearl Resources Inc. He previously was part of a group that recapitalized BlackRock Ventures Inc., where he served as president and a director. Over a seven-year period, the company grew production to 14,000 barrels per day, culminating with its sale to Shell Canada Ltd. for $2.4 billion in 2006. Festival holds a degree in chemical engineering from the University of Saskatchewan and is also a director of Toscana Energy Income Fund.
Recommended Reading
Shipping Traffic Freezes Up in Port Waters After Baltimore Bridge Collapse
2024-03-26 - U.S. port of Baltimore traffic was suspended until further notice following a bridge collapse. At least 13 vessels expected to load coal were anchored near the port at the time of the incident.
Exclusive: Can NatGas Save the 'Fragile' Electric Grid?
2024-02-28 - John Harpole, the founder and president of Mercator Energy, says he is concerned about meeting peak electric demand and if investors will hesitate on making LNG export facilities investment decisions after the Biden administration's recent LNG pause, in this Hart Energy LIVE Exclusive interview.
US Expected to Supply 30% of LNG Demand by 2030
2024-02-23 - Shell expects the U.S. to meet around 30% of total global LNG demand by 2030, although reliance on four key basins could create midstream constraints, the energy giant revealed in its “Shell LNG Outlook 2024.”
Silver Linings in Biden’s LNG Policy
2024-03-12 - In the near term, the pause on new non-FTA approvals could lift some pressure of an already strained supply chain, lower both equipment and labor expenses and ease some cost inflation.
Exclusive: Chevron Balancing Low Carbon Intensity, Global Oil, Gas Needs
2024-03-28 - Colin Parfitt, president of midstream at Chevron, discusses how the company continues to grow its traditional oil and gas business while focusing on growing its new energies production, in this Hart Energy Exclusive interview.