Teton Energy Corporation reproted the appointment of Scott G. Hagemann to the position of Reservoir Engineering Manager. Mr. Hagemann will be responsible for all aspects of reservoir engineering. The appointment is effective January 28, 2008.
Mr. Hagemann has over sixteen years of experience in the energy industry. From 2006 to 2007 Scott served as the General Manager and Director of the Greater Natural Buttes asset in northeastern Utah for Anadarko Petroleum Corporation. During that time, Scott directed the drilling and completion of over 200 new development wells and the deployment of over $300 million in capital. He managed the continued appraisal and assessment of the assets which resulted in 50+ mmcfe/d incremental production growth, 400+% proved reserve replacement, an incremental 1+TCFE in identified unbooked probable/possible resource potential, an incremental 1+TCFE in identified unbooked probable/possible resource potential and an incremental 50% increase in total net asset value to the company. From 2001 to 2006 he also served as Reserve Engineering Coordinator for the Rocky Mountain Division of, and the Exploration Manager for, Kerr-McGee Corporation.
Mr. Hagemann has a Masters of Business Administration from the University of Colorado and a Bachelor of Science in Petroleum Engineering from the Colorado School of Mines.
Dominic Bazile, Executive Vice President and COO, commented, "We are pleased to have Scott's expertise and experience at Teton. He comes to us with tremendous experience throughout the Rockies and will help the Company execute on our mission toward becoming an operator."
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