|Malone Mitchell 3rd
Malone Mitchell serves as Chief Executive Officer for Production Solutions. Mr. Mitchell’s responsibilities include strategic planning, financial oversight and management training. Mr. Mitchell brings 30 years of industry experience to this position with “In-Field” and Executive Management experience in all aspects of Oil and Gas Services. Mr. Mitchell has succeeded over the past three decades by maintaining a conservative capital structure, entering into projects with a long-term outlook, applying modern technologies, and attracting and retaining top employees. Mr. Mitchell remains active in the oil field service business through, Viking Drilling and Viking Coil Tubing in Midcontinent of North America.
In 1985, Mr. Mitchell founded Riata Energy, an oil & gas company, with $500 in capital. Within the first five years, Riata Energy acquired 14 smaller oil producers and completed its first successful well. In the early 1990’s, Riata expanded geographically through the purchase of assets in the Piceance Basin of Colorado and the Permian Basin of West Texas. The company implemented a vertically integrated strategy, which increased Riata’s focus on oilfield services and midstream to increase flexibility and reduce costs. Through asset purchases from several major oil and gas companies in 1991, Pakenham field was established. After drilling or re-entering 34 wells, Riata sold Pakenham field to Chevron for $97.5Mm in 1994. In 1995, Riata acquired 200,000 acres of prospective acreage in the Pinon Field and Ouachita Overthrust of West Texas. Soon after, Riata became the sole operator in the area through a purchase from FINA.
Riata began Oilfield Service Operations in 1987. In 1997, Riata purchased its first drilling rig through Lariat Services. Over the subsequent few years, Riata expanded its rig fleet to increase exploration and development. Additionally, Riata acquired and built-out gathering systems and treating plants through its midstream services subsidiary, ROC Gas Company. In 2003, Riata purchased an initial interest in PetroSource, an integrated CO2 Company. In 2005, Riata began development of its Piceance Basin acreage. In July 2006, Tom L. Ward, co-founder of Chesapeake Energy (NYSE: CHK) acquired a controlling stake in Riata Energy for $500 million, and became the largest shareholder. Mr. Mitchell sold the majority of his remaining shareholding subsequently in 2008 and 2013.
In November 2006, Riata Energy purchased National Energy Group for $1.5 billion from an entity controlled by Carl Icahn. National Energy Group’s core assets overlapped with Riata’s core properties. Soon after, Riata’s SandRidge (NYSE: SD) Energy became the company’s new name.
In December 2006, Mr. Mitchell resigned from daily management at Riata/SandRidge. From 1985-2006, Mr. Mitchell built Riata Energy into one of the largest privately-held energy companies in the United States. Riata’s key milestones included:
(1) ’06 Revenue and EBITDA of approximately $388m and $93m, respectively
With a background in Agriculture, Mr. Mitchell and his family own ranches and mineral interests through Longfellow Ranch Partners. Mr. Mitchell’s E&P efforts are carried out through Longfellow Energy and TransAtlantic Petroleum Ltd (NYSE:AMEX/ TAT).Mr. Mitchell also has business interests in South America, through Laço Management and North America through Dalea Investments.
Mr. Mitchell graduated from Oklahoma State University in 1983 with a Bachelor of Science degree. Mr. Mitchell has been generous with his time and money. In August 2008, Mr. Mitchell gave Oklahoma State University’s Spears School of Business its largest donation and regularly returns there to speak to students. Mr. Mitchell has also established the charitable Pinon Foundation, which serves needs in West Texas, particularly focused on health and education issue areas.
|Noah M. Mitchell 4th
Chief Executive Officer
Noah M. Mitchell 4th serves as the Chief Executive Officer for Production Solutions. Mr. Mitchell’s chief responsibilities at the company include budgeting and reporting of financial, operational, and QHSE information to shareholders, recruiting and cultivating service and support line managers, and research and evaluation of potential customers, partners, geographies, and service line opportunities.
In addition to his current role at Production Solutions, Mr. Mitchell services as the V.P. of Business Development for TransAtlantic Petroleum, and as the President for Viking Coil Tubing.
Prior to his current roles at Production Solutions, Viking Coil Tubing, and TransAtlantic Petroleum, Mr. Mitchell was the Operations and Country Manager for Viking Services based out of Istanbul, Turkey. In this capacity Mr. Mitchell directed Viking Services expansion from Turkey into North Iraq, Poland, and Hungary. In this capacity, Mr. Mitchell was responsible for the operational and financial performance of the company. Mr. Mitchell worked as a cattle rancher, oilfield equipment operator, and financial accountant prior to attending university.
Mr. Mitchell graduated from Southern Methodist University with a B.S. in Economics and Geology. While attending SMU, Mr. Mitchell was a director of the Cox Business School’s McGuire Energy Club.
Ross Hodges currently serves as the President of Production Solutions International. His primary responsibilities include developing and refining the company’s operations with an emphasis on promoting safety, service quality and customer satisfaction; strategic growth of core services; managing the company’s overall risk exposure through contract negotiations; formulating and reviewing bid models, rate schedules and pricing agreements; supervising all business development functions and insuring their continuous improvement.
Mr. Hodges has over Fifteen years of cross-functional expertise in all phases of oilfield services management and strategic business planning; having started in the industry at an entry level position of crew chief in South Texas working upwards through key rig positions, before becoming the Operations Manager for a Texas based regional service company. After being promoted and transitioned to office-based management, Mr. Hodges focused on the structured framework of the company with an emphasis on organic growth through business development and contracts management. Prior to joining the company, Mr. Hodges was the Operations Manager for Viking Services, where he led the deployment and development of Viking’s first international rigs and oilfield service lines. Following he was appointed as the Director of Business Development, then served as the Director of Operations for Viking’s Drilling Services Division where he led the entry in to Europe and Israel. Mr. Hodges brings with him an exceptional ability to develop relationships, negotiate contracts, optimize operations, and manage multi-national and multi-cultural teams. He has proven to be a driven leader with the ability to navigate and resolve difficult and complex situations. Mr. Hodges attended Texas Tech University earning a Bachelor’s degree in Economics and has numerous professional certifications in well control, H2S and production testing.
Matt Hancock serves as Controller for Production Solutions. Mr. Hancock’s primary responsibilities include overseeing the financial activities of the business, internal and external reporting, and investor relations.
Prior to joining Production Solutions, Mr. Hancock worked in various roles in the accounting and finance industry. Most recently, Mr. Hancock was an advisory services consultant at Grant Thornton, one of the world’s leading public accounting firms. His financial background and experience allow him to focus on the continued development of operational efficiencies, reporting implementation, profitable asset deployment and accountability.
Mr. Hancock graduated from New Mexico State University with a Bachelor of Accountancy and a Masters of Business Administration.