NOW Inc.’s Dick Alario has stepped down from his short-term role as executive vice chairman, the Houston-based oilfield service company said in an Oct. 30 release.
Alario previously served as interim CEO of the company from Nov. 1, 2019 until the appointment of David Cherechinsky as president and CEO on June 1, 2020. At such time, Alario was appointed and served as executive vice chairman of NOW Inc. on an interim basis to assist with the transition of Cherechinsky to his new role as the company’s CEO.
In a statement commenting on Alario’s service to the company, J. Wayne Richards, chairman of NOW Inc.’s board of directors, remarked: “Dick has played a key strategic role advising DistributionNOW’s leadership team. With his wealth of experience in the oilfield services industry, we were very fortunate to have Dick serve as our interim CEO and executive vice chairman during this time.”
Before his retirement in March 2016, Alario had served as CEO and director of Key Energy Services Inc., a provider of a complete range of well intervention services, since 2004. Prior to Key Energy Services, he was employed by BJ Services Co. where he served as vice president. He had joined BJ Services in 2002 after the company acquired OSCA Inc., where he had over 21 years of service in various capacities.
Alario will continue to serve as a director of the company. He has been a member of the board of directors of NOW Inc. since May 2014, when the company was spun off from National Oilwell Varco Inc.
NOW Inc., also known as DistributionNOW, is a worldwide supplier of energy and industrial products and engineered equipment solutions. With approximately 2,550 employees and a network of approximately 200 locations worldwide, the company provides products and solutions to E&P companies, energy transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers and engineering and construction companies.
Recommended Reading
Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last
2024-10-04 - Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’
2024-10-24 - Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.
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.
US Oil, Gas Rig Count Unchanged this Week
2024-11-01 - The oil and gas rig count held at 585 to Nov. 1. Baker Hughes said that puts the total rig count down 33 rigs, or 5% below this time last year.
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.