Preng & Associates Fills Senior Positions for Ring Energy
December 4, 2024 – Houston-based Preng & Associates has assisted in the recruitment of Phillip Feiner as the new vice president and general counsel and James Parr as executive vice president, exploration and geosciences at NYSE-traded Ring Energy Inc. in Woodlands, TX. David and Laura Preng led the assignment. With more than 25 years of energy industry experience, including with both public and private companies, Mr. Feiner is responsible for leading Ring’s legal and human resources efforts. “We are pleased to have Phillip join the company given his substantial background and industry experience,” said Paul McKinney, chairman of the board and CEO. “This role is key to the execution of our long-term strategy, and I – along with the rest of the team – look forward to working closely with Phillip as we continue to focus on maximizing the company’s cash flow, improving the balance sheet, and driving increased value for our stockholders.”
Mr. Feiner most recently served as general counsel for Nacero Inc., a renewable fuels company. Prior to that, he served as general counsel for HSB Solomon Associates, a global consulting and benchmarking firm serving the upstream, midstream, and downstream energy space. From 2011 to 2019, Mr. Feiner worked at Kosmos Energy as Assistant General Counsel where he was promoted to vice president, legal and HR and subsequently to vice president and deputy general counsel. Prior to Kosmos Energy, he served as VP and general counsel for Cano Petroleum.
Mr. Parr is an experienced petroleum geologist with over 30 years of energy leadership in all aspects of the upstream petroleum business in multiple global organizations. As a key member of the executive team, Ring Energy is enhancing its ability for further value creation through identification, capture, and execution of both organic and inorganic growth opportunities.
Prior to joining Ring, from June 2022, Mr. Parr served as VP, global new ventures for Woodside Energy, where he was responsible for core exploration and business development activities worldwide while also supporting upstream M&A. Preceding BHP’s merger with Woodside in 2022, Mr. Parr served as head of growth, petroleum for BHP Petroleum from 2021. He served as director of international exploration for Anadarko Petroleum Corporation from 2018 until acquisition by OXY at the end of 2019. From 2011 to 2018, Mr. Parr was VP, international new ventures and Gulf of Mexico for APA (formerly Apache). Before that, from 2004 to 2011, Mr. Parr served as director, exploration and business development for Cabot Oil & Gas Corporation after serving in several roles of increasing responsibility with Anadarko, ARCO, and BP.
“I have had the pleasure of working closely with James in the past, who is a respected oil finder with an established history of successful capital allocation and portfolio management resulting in impactful, low-cost reserve additions, and related positive contributions to the bottom line,” said Mr. McKinney. “We look forward to leveraging James’ extensive technical background and industry experience to help grow our opportunity set of highly attractive drilling prospects targeted to further maximize the company’s cash flow, improve the balance sheet, and drive increased value for our stockholders.”
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Ring Energy is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets.
Serving the Energy Sector
Preng & Associates, founded in 1980, is the only retainer-based, international executive search firm specializing solely in the energy industry. The firm’s experience spans the entire energy value chain – from the well head to the wall socket. Its subsector verticals have specific expertise in oil and gas (upstream, midstream, and downstream), oilfield equipment and services, power and utilities, renewables, engineering and construction, and industrials. Preng & Associates has conducted more than 4,000 engagements for over 900 companies and placed individuals for board, executive management, and professional positions in 92 countries.
Preng & Associates Fills Board Position for Unitil Corporation
Preng & Associates recently assisted in the recruitment of Jane Lewis-Raymond as a member of the board of directors at NYSE-traded Unitil Corporation in Hampton, NH. Consultants Mark Ciolek and Gary Carlson led the search on behalf of Preng & Associates. “We are delighted that Jane Lewis-Raymond will be joining the Unitil board,” said Thomas P. Meissner, Unitil’s chairman and chief executive officer. “Jane is a proven leader having served as an attorney and an executive in the natural gas industry for nearly three decades. She brings a broad portfolio of skills that will enhance and complement our board’s existing skill set and strengthen our commitment to safety, growth and sustainability.”
Mr. Preng has been president and CEO of Preng & Associates since its inception in 1980. Previously, he spent six years in the executive search industry with two international and one national search firm. Mr. Preng has worked on over 2000 energy-related searches throughout the world ranging from board and senior executive to managerial and senior technical positions.
Ms. Preng joined Preng & Associates in 2011 after working several years as a recruiter for another energy recruiting firm and has led engagements in the upstream, downstream, midstream, and service and equipment sectors. Prior to entering the search industry, she spent more than 12 years honing her interviewing skills as a television news reporter and anchor for the CBS affiliate in Jackson, Mississippi, and the NBC affiliate in Nashville, TN.
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Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor – Hunt Scanlon Media
