Michael C. Coffman, president and CEO of Panhandle Oil and Gas Inc. (NYSE: PHX), plans to retire, effective Dec. 31. Panhandle's board of directors has named Paul F. Blanchard, currently Panhandle's senior vice president and COO, to succeed Coffman as president and CEO upon Coffman's retirement.
Blanchard joined Panhandle in 2009 as vice president and COO, and was named senior vice president and COO in 2010. He holds a Bachelor of Science degree in petroleum engineering from the University of Oklahoma, and has 34 years of experience in the industry. Prior to joining Panhandle, from 2007 to 2008, he was the sole proprietor of a consulting petroleum engineering firm, and, from 1997 to 2007, served as the vice president of the Mid-Continent business unit of Range Resources Corp.