BNK Petroleum Inc. (TSX: BKX) reports that Ray W. Payne has joined the company as vice president of US operations.
Payne has extensive unconventional experience and has held various engineering and management positions in North, South, and East Texas; North Louisiana; the Permian Basin; the Rocky Mountain Regions; and offshore Gulf of Mexico. He has held senior-level positions with large US independents including Marathon Oil, Devon Energy, and El Paso, where he oversaw the drilling of thousands of wells, and developed some of the world's largest resource plays.
Payne's most recent position was with Marathon Oil, where, as manager of drilling and operations, he developed Marathon's South Texas Eagle Ford shale asset, which, in only two years, added more than a billion barrels of reserves.
Payne earned a Bachelor of Science degree in petroleum engineering from Texas A&M University. He spent many years serving as a director of the New Mexico Oil and Gas Association (NMOGA) and has chaired numerous efforts to promote responsible energy development.