Zion Oil & Gas makes key leadership changes

Zion Oil & Gas Inc. (Nasdaq: ZN) has appointed Victor G. Carrillo as the company’s new CEO and Glen Perry as the new president and COO, effective June 15. Carrillo succeeds John Brown, who was named as CEO in January 2014. Brown, the company’s founder, will continue to serve as executive chairman of Zion’s board of directors.   

Carrillo was appointed to Zion’s board in September 2010 and appointed executive vice president in January 2011. In October 2011, he was appointed as company president and COO. Carrillo also currently serves as a director of Magnum Hunter Resources Corp., an oil and gas company engaged in the acquisition, development, and production of unconventional oil and gas resource plays in the US. He also currently serves on the board of directors for the Texas-Israel Chamber of Commerce and the Maguire Energy Institute at Southern Methodist University. Carrillo is a petroleum geologist and geophysicist, attorney, former city councilman, former county judge, and former statewide elected official. From 2003 to 2011, he served as a commissioner of the Railroad Commission of Texas, having served twice as chairman of the three-member statewide elected board. Carrillo holds a law degree from the University of Houston, a Master of Science degree in geology from Baylor University, and a Bachelor of Science degree in geology from Hardin-Simmons University. He also received an honorary doctorate degree from Hardin-Simmons University in May 2006.

Perry was reappointed to the board in July 2013. He previously served on Zion’s board from January 2004 to December 2009 when he retired as Zion’s president and COO. Since obtaining a master’s degree in petroleum engineering from the University of Texas at Austin in 1972, Perry has accumulated over 40 years of experience in engineering and management in the oil and gas industry. From initial employment as a drilling engineer with Humble Oil and Refining (now ExxonMobil) until 1990, he held positions of increasing responsibility in three US companies, culminating as senior vice president of operations, engineering, and marketing with an independent oil company in Houston (Prairie Producing). From 1993 to 1998, he worked in the Commonwealth of Independent States in project acquisition and management before going to Israel in 1998. where he has consulted for, or been employed as, an officer by Delek Drilling, Ginko, Zion Oil & Gas, Adira, AGR, and Genie Energy. Perry founded GHP Consulting, and is a consultant to Genie Energy as project manager for the exploration of license #397/Ness. He has also been an engineering/operations consultant to Zion Oil & Gas. In addition, he is a lecturer in basic drilling operations at Technion’s master’s program in petroleum engineering in Israel.

Zion Oil & Gas explores for oil and gas onshore in Israel, and its operations are focused on the Megiddo-Jezreel license (approximately 99,000 acres) south and west of the Sea of Galilee, where the company plans to start drilling a deep exploratory well in late 2015.


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