In the wake of APA Corp.’s $4.5 billion acquisition of Callon Petroleum, APA is shuffling its leadership structure, the company said April 9.
“Building on the momentum of our recently closed acquisition, we are updating our leadership structure to better align with the evolving needs of our business,” said John J. Christmann, APA CEO. “Today’s changes will help advance important priorities of the APA strategy and create opportunities for continued leadership development within our organization.”
Steve Riney, president and CFO, will now oversee asset development functions, including APA asset teams, planning and land, in addition to continued oversight of finance functions.
“Restructuring the development function and its reporting will enable stronger alignment across development teams and financial functions,” the company said.
Riney was promoted to president and CFO in January 2024. Previously, he served as CFO since joining the company in 2015. Dave Pursell, executive vice president of development, has left the company as a result of the restructuring.
During Pursell’s tenure, he helped establish the “development functions as we transitioned to a centralized model and advised the company as we navigated numerous challenges over the last several years. We wish him the best in his future endeavors,” Christmann said.
Additionally, Ben Rodgers has been named senior vice president, finance and treasurer, reporting to Riney. In this new role, Rodgers will lead market strategies, treasury, accounting and tax. Rodgers joined APA in 2018 and previously served as senior vice president, treasurer, midstream and marketing.
Castlen Kennedy has been promoted to senior vice president, corporate affairs and marketing. Kennedy will report to Mark Maddox, executive vice president, administration.
In this role, she will continue to oversee corporate communications, government affairs and community partnerships, and will add oversight of oil and gas marketing, business excellence and Egypt joint venture business support. Kennedy joined APA in 2006.
Recommended Reading
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
Aker BP’s Hanz Subsea Tieback Goes Onstream
2024-04-22 - AKER BP’s project marks the first time subsea production systems have been reused on the Norwegian Continental Shelf.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Technip Energies Wins Marsa LNG Contract
2024-04-22 - Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.