Energy Hunter Resources Inc., a new Dallas-based independent oil company focusing on the Eagle Ford and Permian Basin, recently opened a divisional office in Houston, the company announced Sept. 19.
Chairman and CEO Gary Evans, the former CEO of Magnum Hunter Resources, launched Energy Hunter Resources earlier this year, according to reports. Also on Sept. 19, the new company announced it hired three former Magnum Hunter employees for the Houston office, but the office’s location was not provided.
H.C. “Kip” Ferguson has been named executive vice president of exploration and development. He has 28 years of experience in oil and gas and most recently served as executive vice president of Magnum Hunter from October 2009 to this year. He was president of the company’s Eagle Ford Shale division from 2011 until the division was sold for $401 million in April 2013.
Brian Burgher was named senior vice president of land. His more than 30 years of oil and gas experience has focused on leases, land and legal areas. He served as president of land for Magnum Hunter and was the land manager for the Eagle Ford asset, which was assembled, developed and sold under his leadership.
Jason Wilson has been named manager of geology and has more than 20 years of experience in geology and operations across all sectors of Energy Hunter’s target region, the company said. He was part of Magnum Hunter’s Eagle Ford operations team from 2009 to 2013. More recently, he worked for Australia-based New Standard Energy and as an independent consultant for EnCap Investments LP.
“It’s an exciting time at Energy Hunter Resources,” Evans said in the company’s Sept. 19 statement, noting the news comes “strong off the heels of our successful initial capital raise, our first acquisition and the recently announced board of director appointments.”
In mid-July, Energy Hunter completed a private placement of 3.15 million shares of its common stock, generating aggregate gross proceeds equal to about $3.15 million of new common equity capital. The private placement offering initially consisted of 2.5 million shares, but increased demand caused it to become oversubscribed by 25 percent. At the time, the company also stated it plans to launch an initial public offering, but no further details were provided.