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CONSOL Energy Inc. has selected Timothy C. Dugan as the new Chief Operating Officer for its Exploration and Production (E&P) division.
Mr. Dugan comes to CONSOL Energy from Chesapeake Energy where he most recently served as Vice President of the Appalachia South Business Unit. Since 2009, he has directed Chesapeake Energy's operations in the Marcellus and Utica shales, and recently added oversight of geology, drilling, completions and reservoir planning. In addition, he was an integral part of the Dallas/Fort Worth International Airport natural gas development project, the first major airport drilling program in the United States. Mr. Dugan's resume also includes key operational roles with Cabot Oil and Gas Corporation and EQT Corporation. He brings with him over 30 years of experience across many of the major gas fields including the Marcellus, Utica, Devonian, Barnett and Haynesville shale plays.
Nick DeIuliis, President of CONSOL Energy, commented: "Tim's intimate knowledge of all operational aspects, specifically in the Marcellus and Utica Shales, his industry perspective, as well as his experience on the ground floor of a major airport drilling project, made him the logical choice to lead CONSOL Energy's E&P division, which is poised for dynamic growth in the coming years. This hire represents a critical step in implementing the growth strategy we have embarked upon. Tim brings outstanding credentials and experience to CONSOL Energy, and we are excited to have him join our team."
Mr. Dugan received his B.S. in Chemical Engineering with an emphasis in Petroleum Engineering from the University of Pittsburgh. He is also a longstanding member of the Society of Petroleum Engineers.
Tim Dugan added: "This is a well-respected company with strong leadership and a storied history. I'm honored to be part of the team that will lead the new strategic direction and execute the growth plan in the coming months and years. It's great to be coming back to Pittsburgh. This is an exciting time for CONSOL Energy and for the entire region."
CONSOL Energy is targeting 30% year-over-year growth for the next three years and expects to double the size of its E&P operations by 2016.