Preng & Associates Recruits CEO for Kimmeridge Texas Gas

June 28, 2024 – Houston-based Preng & Associates has assisted in the recruitment of David Lawler as CEO of Kimmeridge Texas Gas (KTG), an affiliate of Kimmeridge. “We welcome David to the Kimmeridge Texas Gas team as it enters a compelling new era of growth, while accelerating carbon neutrality through the development of environmentally responsible, low-cost energy assets,” said Ben Dell, managing partner of Kimmeridge and director at KTG. David has shaped and led large-scale, best-in-class operations that align with Kimmeridge’s commitment to enhancing capital efficiency and reaching net-zero operations. Additionally, we would like to thank Mike Wieland for all his contributions as CEO of KTG since September 2022, helping to build it into the high-quality, scaled asset it is today.”

Mr. Lawler brings more than 30 years of experience in the energy sector, with a distinguished track record across each of the positions he has held. Most recently, he served as chairman and president of BP America, which accounted for nearly 40 percent of corporate global revenue. While at BP America, Mr. Lawler spearheaded the formation and implementation of an integrated strategy to achieve net-zero production by 2050. In addition, Mr. Lawler served as CEO of BPX Energy, BP’s onshore unconventional and midstream business. He led the $10.5 billion acquisition of BHP’s onshore assets, BP’s largest acquisition in more than 20 years, and built a world class operating team that delivered significant year-on-year improvements, including growing production over 125 percent while significantly reducing emissions in the Permian Basin.

In addition to his roles at BP and BPX, Mr. Lawler served as executive vice president and chief operating officer at SandRidge Energy, a US-based oil and gas independent. Prior to SandRidge, he was president and CEO of PostRock Energy Corporation. He also worked for Shell E&P Co. as an engineering and operations manager with full P&L and HSE responsibility for the South Tex and Mobile Bay E&P assets. Mr. Lawler began his career as a production engineer with Conoco and as a drilling engineer with Burlington Resources.

To further accelerate KTG’s growth trajectory, Kimmeridge announced the closing of a follow-on control investment in Commonwealth LNG. The funding will support a 9.5 million tons per annum LNG export facility in Cameron, Louisiana, through anticipated final investment decision (FID) in 1H 2025, and will raise Kimmeridge’s equity ownership in Commonwealth to over 90 percent.

“We are excited to take a controlling interest in Commonwealth LNG as we integrate our business from well-head to water, and look forward to the completion of a best-in-class LNG export facility in Louisiana.”

Related: Preng & Associates Recruits Senior Operations Leader for PJM Interconnection

“I am very pleased to join the KTG team and look forward to advancing the company’s plans of becoming a fully integrated provider of LNG from well-head to water, including through our expanded partnership with Commonwealth, with an option for net zero cargoes,” said Mr. Lawler. “When produced responsibly, LNG is a reliable, easily accessible energy source. In the future, KTG will export clean energy across the world, helping economies accelerate their transition ambitions.”

Kimmeridge Texas Gas is a conventional producer of natural gas committed to accelerating carbon neutrality by developing environmentally responsible, low-cost energy assets. Founded in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge is an alternative asset manager focused on the energy sector. The firm is differentiated by its direct investment approach, deep technical knowledge, active portfolio management, proven sustainability track record and proprietary research and data gathering.

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 880 companies and placed individuals for board, executive management, and professional positions in 92 countries.

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Preng & Associates recently assisted in the recruitment of Sudan I. Maccio as chief legal counsel and corporate secretary of PetroTal Corp. in Houston, TX. Laura Preng led the assignment. Mr. Maccio has over 30 years of extensive legal expertise in global energy, encompassing a wide range of legal, commercial, and leadership roles, including strategic projects, advising the board on corporate governance, risk management strategy, high-exposure litigation, cross-border matters, and internal investigations. Mr. Maccio most recently served as general counsel and corporate secretary of Ecopetrol USA Inc. Before that, he was in private practice where he provided legal support to multibillion dollar M&A transactions in the refining and petrochemical sectors.

Related: Preng & Associates Places Independent Non-Executive Director for CleanTech Lithium

Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor  – Hunt Scanlon Media

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