Hi-Crush Inc. recently appointed a new executive team including Dirk Hallen as CEO to manage the Houston-based frac sand supplier’s next phase of growth following its emergence from bankruptcy.
Hallen was previously co-founder and CEO of Pronghorn Logistics LLC, which was acquired by Hi-Crush in May 2019. Other appointments Hi-Crush made to its new executive team include Stephen White, Pronghorn’s other co-founder, as COO. William Barker was also named Hi-Crush’s general counsel and chief commercial officer.
“We are excited for the energy and fresh perspective this group will bring to Hi-Crush,” Colin Leonard, chairman of the Hi-Crush board, said in a statement on Dec. 3. “Along with the rest of the board, I look forward to working closely with Dirk and the new team to continue building a market leader in the frac sand and logistics sectors.”
Hi-Crush successfully emerged from bankruptcy in October as part of a financial restructuring that eliminated about $450 million of debt from its balance sheet. At the time, Robert E. Rasmus, co-founder of Hi-Crush Proppants LLC who had served as its co-CEO since its formation in October 2010 until November 2015 when he became sole CEO, was still at the helm of the company.
All appointments of the new Hi-Crush leadership team were effective Nov. 30. Hallen will also serve on the board of directors of Hi-Crush.
In a statement on Dec. 3 commenting on his appointment, Hallen said: “I am grateful to the board for giving me the opportunity to lead such a talented and dedicated group of people. Along with Stephen, William and the rest of the company’s leadership, I look forward to the journey ahead at Hi-Crush.”
Prior to co-founding Pronghorn, Hallen was the director of corporate development at Rockpile Energy Services and worked as a management consultant at Booz & Co. focused on the oil and gas industry.
White had also previously worked at Rockpile Energy Services prior to co-founding Pronghorn, serving as its director of business operations. Prior to that, he had worked at Schlumberger Ltd. and Pioneer Energy Services.
After Hi-Crush’s acquisition of Pronghorn, White served as vice president of logistics and field services at Hi-Crush.
Recommended Reading
Matador’s U-lateral Delaware Tests Outproduce 2-mile Straight Holes
2024-10-30 - Matador Resources' results from eight Loving County, Texas, tests include two 2-mile U-turn laterals, five 2-mile straight laterals and one 1-mile straight lateral, according to state data.
Matador May Tap Its Haynesville ‘Gas Bank’ if Prices Stabilize
2024-10-24 - The operator holds 8,900 net Haynesville Shale acres and 14,800 net Cotton Valley acres in northwestern Louisiana, all HBP, that it would drill if gas prices stabilize—or divest for the right price.
Coterra Takes Harkey Sand ‘Row’ Show on the Road
2024-11-20 - With success to date in Harkey sandstone overlying the Wolfcamp, the company aims to make mega-DSUs in New Mexico with the 49,000-net-acre bolt-on of adjacent sections.
Exxon Plans Longest 20,000-Ft Wells on Pioneer’s Midland Asset
2024-11-04 - Exxon Mobil has already drilled some of the longest wells in the New Mexico Delaware Basin. Now, the Texas-based supermajor looks to go longer on Pioneer’s Midland Basin asset.
Wildcatting is Back: The New Lower 48 Oil Plays
2024-12-15 - Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.
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.