On the Move (Week of Dec. 6, 2021)

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Editor's note: This "On the Move" section appears in the new E&P newsletter. This weekly section highlights new hires, appointments, retirements and promotions as well as company news such as new office locations and major M&A deals. Submit your company news to Ariana Hurtado at ahurtado@hartenergy.com. Subscribe to the E&P newsletter here.

PEOPLE

Forum Energy Technologies Inc. has named Neal Lux CEO. Former COO Lux will succeed C. Christopher Gaut, who will step into a new role as executive chairman. Read more here.

Chesapeake Energy Corp. has named Mohit Singh executive vice president and CFO. Read more here.

Orbital Energy Group Inc. has appointed Nick Grindstaff CFO. He will replace Daniel Ford, who will remain with the company for a period of time to ensure a smooth transition. Read more here.

Aris Water Solutions Inc. has appointed Adrian Milton general counsel, chief administrative officer and corporate secretary. Read more here.

Wood Mackenzie has appointed Elena Belletti head of carbon research within the company’s Energy Transition Practice.

Danos has named Shawn Portier general manager. He will maintain his current role as instrumentation and electrical operations manager.

Diamondback Energy Inc. has announced that chief engineer Russell Pantermuehl will retire from his current role. He has agreed to serve as an adviser to the company through year-end 2022. Read more here.

SM Energy has appointed Anita M. Powers to the board of directors. She will serve as an independent director and a member of the audit committee and compensation committee.

Oasis Petroleum Inc. has appointed Marguerite Woung-Chapman to the board of directors. She will serve on the compensation committee and the nominating, environmental, social and governance committees.

Lundin Energy AB has announced that managing director Kristin Færøvik will retire on Dec. 31. She will be replaced by Morten Grini.

EC-OG has named Bob Black a nonexecutive director in the company’s board of directors. He was previously CEO of software solutions provider SeeByte.

COMPANIES

Severn Group has acquired ValvTechnologies, a company specializing in the design and manufacture of metal-seated, zero-leakage isolation valve solutions for demanding applications. ValvTechnologies will retain its operational independence but will benefit from a broader pool of expertise and resources as part of the wider group, alongside Severn and LB Bentley. For Severn Group, the acquisition furthers a diversification strategy that will see the family of businesses increase its international presence, widen the industries served, expand its product offering and benefit from a combined approach to delivering onsite service support capabilities across all markets.

Goodrich Petroleum Corp. will merge with Paloma Resources LLC, ending Goodrich’s tenure as a publicly traded independent E&P company. Upon the completion of the transaction, Goodrich will become a privately held company, and shares of its common stock will no longer be listed on any public market. Due to the oil price environment, the company has been concentrating the majority of its exploitation and development efforts on natural gas in the Haynesville Shale, where it holds 32,000 net acres. Read more here.