Independent exploration and production firm Wentworth Energy has appointed David Steward as its new CEO and chairman of the board of directors.
The company has also announced that John Punzo, its current CEO and chairman, has resigned from his position, although he will remain as a director.
Mr Punzo said: Together with his extensive local experience and intimate knowledge of the company’s 27,557 acre mineral block, David Steward will guide Wentworth Energy through its next stage of development. As drilling activity on the mineral block increases over the next few months, I believe Mr Steward is the right choice to take the company to the next level of oil and gas exploration. Not only is he well respected in the Texas oil and gas community, his local knowledge is second to none.
According to a company press release, Mr Steward is currently involved in the exploration and development of hydrocarbon resources throughout Texas, in particular south Texas, the Gulf Coast and east Texas, with ownership in over 143 wells.