Well completion solutions company Reactive Downhole Tools has restructured its senior management team, according to a Feb. 13 press release.
Niall Urquhart, who joined Reactive in 2015, was appointed as COO. Urquhart has 16 years of industry experience and has overseen Reactive’s operations across the Middle East since its entrance to the region.
Chris Barnes, who has worked with Reactive since its inception in 2012, was appointed CTO. Barnes, who sits on advisory bodies for organizations such as the API, brings 33 years of experience and will be responsible for Reactive’s swellable downhole tools and the development of complimentary solutions.
“These internal developments have been strategically coordinated to facilitate our growth on a global scale, complementing our core regions within the Middle East and Americas,” said Reactive’s CEO Mike Allen.
In addition to these senior management changes, Reactive is also developing a new R&D test center within Abu Dhabi, their first in the region. The facility aims to replicate the success of the company’s Houston facility.
Recommended Reading
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-26 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
US Drillers Cut Most Oil Rigs in a Week Since November
2024-04-26 - The number of oil rigs fell by five to 506 this week, while gas rigs fell by one to 105, their lowest since December 2021.
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Chevron’s Tengiz Oil Field Operations Start Up in Kazakhstan
2024-04-25 - The final phase of Chevron’s project will produce about 260,000 bbl/d.