Haynesville Shale-focused Aethon Energy Operating LLC is filling out its executive suite with new hires.
Dallas-based Aethon—one of the nation’s largest privately held natural gas producers—tapped Andrea Wescott Passman as COO, the company announced Aug. 24.
Passman was COO at Denver-based Caerus Oil & Gas, which operates in the Piceance and Uinta basins. Before Caerus, she worked in engineering and operational roles at Pennsylvania-based natural gas company CNX Resources Corp. Passman also held planning and project management roles at Halliburton and Greenshale Energy.
Aethon announced tapping Kang Chen as chief information officer. Chen was manager of digital and IT for ConocoPhillips Lower 48. He joined ConocoPhillips through its acquisition of Concho Resources, where he was vice president and CIO. He previously held roles at LyondellBasell and Deloitte.
Kat Lyles joined Aethon as general counsel, bringing 15 years of corporate, tax and legal experience. Lyles was assistant general counsel and regulatory manager at Merit Energy Co.
In addition to outside hires, Aethon promoted Preston Phillips to chief commercial officer. Phillips joined Aethon in 2002 and was senior vice president of A&D and commercial. He previously worked in marketing and sales for Texas Instruments.
“We are thrilled to welcome Andrea, Kang and Kat to our team, and to elevate Preston in recognition of his significant contributions to Aethon over more than 20 years,” said Albert Huddleston, Aethon partner and CEO, in a news release.
“Aethon is well-positioned to play a more significant role in accelerating the energy transition, and I am excited to partner with our growing leadership team in delivering our goal of net-zero natural gas from wellhead to electron,” added Gordon Huddleston, partner and president.
Aethon has about 350,000 net acres under lease; the company’s gross operated production was approximately 2.7 Bcfe/d as of March.
Recommended Reading
Investor Returns Keep Aethon IPO-ready
2024-10-08 - Haynesville producer Aethon Energy is focused on investor returns, additional bolt-on acquisitions and mainly staying “IPO ready,” the company’s Senior Vice President of Finance said Oct. 3 at Hart Energy’s Energy Capital Conference (ECC) in Dallas.
Oilfield Services Firm Flowco Files IPO Paperwork
2024-12-09 - Oilfield services provider Flowco filed paperwork for an IPO, one of several energy-focused players seeking to test the public markets.
Utica’s Encino Adds Former Marathon Director to Board
2024-12-16 - Brent J. Smolik, who most recently served on Marathon Oil’s board until its merger with ConocoPhillips, will join Encino Acquisition Partners as a director.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
No Rush: Post-M&A Frenzy, Divestiture Market to Pick Up by 2025
2024-10-07 - Lenders with a variety of capital structures are poised to fund the upcoming portfolio rationalization in the post-consolidation era, bankers and deal advisers said at Hart Energy’s Energy Capital Conference.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.