People | Capital Markets | Private Equity Activity
Gastar's Chief Operating Officer Announces Retirement
Print
|
Gastar Exploration Inc. announced the retirement of its Senior Vice President and Chief Operating Officer, Michael McCown, effective February 1, 2016.
Mr. McCown began his tenure with Gastar in December 2009 as a consultant and was hired as the Vice President – Northeast in July 2010. On June 7, 2013, Mr. McCown was promoted to Senior Vice President and Chief Operating Officer. During his time at Gastar, the Company established a significant presence in the Marcellus Shale and Utica/Point Pleasant play in West Virginia and commenced operations in the Mid-Continent, initially drilling Hunton Limestone wells in Central Oklahoma and subsequently expanding drilling operations into the STACK play.
McCown said: "After a nearly 40-year career, it is time to spend more time at home and less time on the road. I am proud of our accomplishments in the last six years – we've kept our employees safe, drilled some excellent wells in relatively new plays and strived to maximize shareholder value. I wish nothing but the best for Gastar and its employees."
J. Russell Porter, Gastar's President and Chief Executive Officer, commented, "We sincerely appreciate Mike's hard work and dedication to Gastar over the past six years and wish him well in his retirement."
More People News
ExxonMobil Brings On New VP / Treasurer
ExxonMobil reported that Jim Chapman has been appointed vice president, Tax and Treasurer, effective November 28, 2022. Chapman replaces Jaime Spellings, who has elected to retire after 31…
Coterra Names Jordan CEO; Dinges Takes Chairman Role
Coterra Energy Inc. reported that the Company's Board of Directors appointed Thomas E. Jorden, its President and Chief Executive Officer, as Chairman of the Board effective January 1,…
Evolution Petroleum Taps New President & CEO
Evolution Petroleum announced that the Board of Directors has selected Kelly Loyd as President and Chief Executive Officer. Mr. Loyd had been serving as Interim CEO since June…
Magnolia Oil & Gas CEO Chazen Steps Down; Cites Health Reasons
Magnolia Oil & Gas Corp. announced that Christopher Stavros, the Company's current Executive Vice President and Chief Financial Officer, has been named President and Chief Executive Officer, and…
Devon Chairman Hager to Retire; Barbara Baumann Named to Top Spot
Devon Energy Corp. reported that the company's board of directors expects to appoint Barbara Baumann as chair of the board, succeeding Dave Hager, who has notified the board…
North America News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…