Zayla Partners has acquired energy industry compensation surveyor Denver-based Effective Compensation Inc. (ECI).
A purchase price was not disclosed. Houston-based Zayla advises boards and management teams on compensation strategy. The addition of ECI expands its portfolio to advisory in midstream, oilfield services and alternative energy, it reported.
ECI was founded in 1991 by owner and CEO Terry Isselhardt, who will continue as president, Zayla reported.
“Zayla Partners has proven to be the most knowledgeable and qualified compensation partner to acquire ECI with a goal to keep the surveys in the valid and quality format for which ECI is best known," Isselhardt said.
Ian Keas, Zayla’s co-founder, said, “Now more than ever, companies need the combination of high-quality analytics and advisory services to help leaders execute their long-term strategy.”
Chris Crawford, Zayla CEO and co-founder, said Isselhardt “developed the gold standard of quality compensation data and analytics for the energy industry over the last three decades.”
Recommended Reading
Gunvor Group Inks Purchase Agreement with Texas LNG Brownsville
2024-03-19 - The agreement with Texas LNG Brownsville calls for a 20-year free on-board sale and purchase agreement of 0.5 million tonnes per annum of LNG for a Gunvor Group subsidiary.
Venture Global, Grain LNG Ink Deal to Provide LNG to UK
2024-02-05 - Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG terminal.
Texas LNG Export Plant Signs Additional Offtake Deal With EQT
2024-04-23 - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.
Total CEO: US LNG Shaky, Global Projects Brought into Spotlight
2024-02-21 - U.S. President Joe Biden’s decision to pause approvals for new U.S. LNG projects benefits similar projects around the world and casts doubt around U.S. supply, TotalEnergies’ Pouyanné told analysts during the company’s quarterly webcast.
ConocoPhillips CEO Ryan Lance Calls LNG Pause ‘Shortsighted’
2024-02-14 - ConocoPhillips chairman and CEO Ryan Lance called U.S. President Joe Biden’s recent decision to pause new applications for the export of American LNG “shortsighted in the short-term.”