Medco Energi US has appointed four new vice presidents as a part of the company’s realignment of executive positions, President Dale Wooddy announced.
The new executives and their positions are Daniel Frugé, vice president and chief financial officer (CFO); Steve Goff, vice president of petroleum engineering; Gary Johnson, vice president of production operations; and Ted Russell, vice president of drilling and capital projects.
"These new appointments are part of the organizational component of a total-company restructuring we initiated six months ago," said Wooddy. "In addition to continuing to develop our existing offshore core properties, we have recently begun a multiple well drilling and redevelopment program onshore in Louisiana and have acquired a large acreage position in the exciting Ouachita thrust in southwest Texas. Our new organization will allow us to extract maximum value from these assets as well as help us develop other new opportunities to rapidly grow the company."
Frugé has extensive experience in all aspects of accounting, taxation, financial management, litigation and risk management. Prior to his new position, he served as executive vice president and CFO for WHC Inc. He was also a corporate officer and director.
Goff has more than 30 years of experience in managing operations and engineering functions and will be responsible for production and surveillance engineering activities on the company’s properties.
Prior to joining Medco Energi US, Goff served as president for EPiC Energy Resources.
Johnson has more than 34 years of experience in the oil and gas industry, and comes to Medco Energi US from ENI Petroleum, where he was offshore operations manager. Prior to ENI, Johnson spent 29 years with predecessor companies CNG and Dominion where he progressed through positions of increasing responsibility, ultimately becoming operations manager for Dominion before its acquisition by ENI. He holds various certifications including Six Sigma Black Belt, T-2 Safety, Crane Operator and Rigger. Johnson serves on the board of directors of the Delta Chapter of the American Petroleum Institute (API).
Russell has been promoted to vice president of drilling and capital projects from manager of engineering and operations. He has more than 30 years of domestic oil and gas experience in drilling/workover operations, asset management and production operations with offshore Gulf of Mexico and Gulf Coast expertise.
Russell earned a bachelor’s degree in petroleum engineering from Mississippi State University and is a member of the Society of Petroleum Engineers (SPE), the American Petroleum Institute (API) and the American Association of Drilling Engineers (AADE). He is also a registered professional engineer and a former chairman of the Louisiana Gulf Coast Oil Exposition (LAGCOE).
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