HOUSTON. - Tuesday, June 2nd 2015 [ME NewsWire]
(BUSINESS WIRE)-- Stallion Oilfield Holdings, Inc. (“Stallion” or the “Company”), announced today that its Board of Directors has named David C. Mannon as the Company’s next President and Chief Executive Officer and member of the Board of Directors effective immediately. Mannon, 57, joins Stallion with more than 30 years of experience in the oilfield industry.
Gene Davis, the Company’s Chairman of the Board of Directors, stated, “Mr. Mannon brings a wealth of experience in oil and gas services in the U.S. and abroad. His experience, vision and ability to lead complex organizations will help Stallion build upon its reputation as a leading service company. We believe Stallion is well-positioned to capitalize on current market conditions and we will support David as he pursues opportunities to build value for shareholders in the future.”
Mannon previously served as Chief Executive Officer and President of Parker Drilling Company, a global land and marine energy service company providing high-performance contract drilling solutions, rental tools and project management services to the energy industry, as well as Chief Executive Officer and President of Triton Engineering Services Company (a subsidiary of Noble Corporation), a global turnkey and project management company serving both land and offshore areas. He also held management positions at SEDCO-FOREX, a global offshore drilling contractor now a part of Transocean.
Mannon commented, “I am honored to join Stallion as President and CEO and I am excited to lead Stallion into its next chapter. While industry conditions are challenging today, Stallion is an excellent platform from which to build. I look forward to working with our customers, employees and investors in this exciting opportunity.”
Mannon earned a Bachelor of Science degree in civil engineering from Southern Methodist University and a Master of Business Administration from the University of Houston. He is currently a member of the International Association of Drilling Contractors and Society of Petroleum Engineers. Mannon is an executive board member of Southern Methodist University’s Lyle College of Engineering. He also serves on the boards of two privately-held companies, IronGate Energy Services, LLC, an international oilfield rental tool company, and Earl Energy Co., a provider of power equipment for energy, military and other uses.
Stallion Oilfield Holdings, Inc. and its subsidiaries provide a wide range of wellsite support, completion, production and logistics services to oil and gas exploration and production companies, drilling contractors, and other service companies throughout the United States. The Company’s comprehensive suite of services includes workforce accommodations, production and fluid logistics services, surface equipment rental, wellsite construction, solids control services, and wellsite communications. Stallion’s operations cover the most active and prolific oil and natural gas basins in the U.S., including South Texas (Eagle Ford Shale), Rocky Mountain Regions (Niobrara/Bakken Shale/Piceance), Permian Basin (Wolfcamp/Avalon/Bone Spring Shales), the Mid-Continent (Mississippi Lime/Woodford Cana/Granite Wash), ArkLaTex (Haynesville Shale), Marcellus/Utica Shales, North Texas (Barnett Shale), the Gulf Coast (Tuscaloosa Marine Shale) including the inland waters of Louisiana, offshore Texas and Louisiana Gulf Coast, Prudhoe Bay (Alaska) and, to a lesser extent, certain international waters.
Stallion Oilfield Holdings, Inc.
David Schorlemer, 713-275-4162