Rex Energy Corp. (Nasdaq: REXX) has appointed Robert W. Ovitz as COO of the company. Ovitz, who most recently served as the senior vice president of operations, assumes the COO role from Patrick M. McKinney, who has served as COO since May 2010 and as both president and COO since October 2011. McKinney will leave the company in August to pursue an opportunity in the investment banking industry. Tom Stabley, Rex Energy’s CEO, will assume the role of president and CEO after McKinney’s departure in August.
Effective immediately, Ovitz will assume responsibility for companywide operations, with direct oversight of Appalachian and Illinois operations, reservoir engineering, and exploration and geology. He will be responsible for the alignment, prioritization, and management of operational capital to execute the company’s exploration, drilling, and production strategies.
Ovitz joined Rex Energy in the fall of 2014 and, prior to his promotion, served as the company’s senior vice president of operations. Before joining Rex Energy, he spent 13 years with Noble Energy Inc. (including three with Patina Oil & Gas, purchased by Noble in 2005), ultimately serving as senior operations manager for Noble’s joint venture in the Marcellus shale play in Pennsylvania and West Virginia. In that capacity, Ovitz launched Noble’s presence in the Marcellus, building and leading an operational team from commencement of operations to producing over 300 MMcfe/d within three years.
Prior to Noble, Ovitz held various senior management positions, and drilling, and other engineering and technical roles for Patina Oil & Gas (three years), Questar Exploration & Production Co. (one year), and Amoco UK and Amoco Production Co. (combined 18 years). He holds a Bachelor of Science degree in petroleum engineering from Marietta College and a Master of Business Administration degree from the University of Denver.
Headquartered in State College, Pennsylvania, Rex Energy is an independent oil and gas exploration and production company operating in the Appalachian and Illinois basins of the US.