Mr. Drennen has a strong and verifiable record as a leader and builder of E&P organizations for Exxon Corporation (1976-2007), Hess Corporation (2007-2012) and PanAtlantic Exploration Company (2012- 2014). During his 32 year career with Exxon, Bill has served in various manager positions of increasing responsibility ranging from Production teams in Kingsville, TX, Exploration organizations in Alaska, Gulf of Mexico and the Norwegian North Sea, and South America to VP of Geoscience for Exxon’s worldwide upstream research center, Houston, TX (1996-2002). Bill also served as Executive Assistant to the SVP of Exxon Corporation (New York 1985-1987) and Planning Manager for both Exxon Production Company and Exploration Company (1991-1993).
In his 5 year career at Hess Corporation, serving as SVP Global Exploration and New Ventures, Drennen was responsible for building a technically focused global program and team with focus in 5 geographic areas: USA, Europe, West Africa, South America and Asia. Additionally, Bill led integrated E & P teams to capture unconventional new acreage in the Eagle Ford, Marcellus and Utica plays and helped to build the Bakken program from 300,000 net acres to over 900,000 and increasing production from 30,000 BD to over 60,000 BD. Conventional program success was established in the Gulf of Mexico (Pony and Tubular Bells), North Sea, (Cambo Field, N.Shetlands, several Central North Sea discoveries), Ghana and Equatorial Guinea in West Africa, Peru in South America and multiple discoveries in Australia, Malaysia and Indonesia. Across all regions, Bill built and executed business and strategic plans based on a philosophy of organic growth. Moreover, under his leadership multiple M&A opportunities were identified and evaluated including a large, multi-billion dollar discussion with OGX, to purchase their Santos and Campos Basin properties with discoveries and upcoming production.
In Bill’s nearly 3 years serving as President and CEO for PanAtlantic Exploration Company, Houston TX, he had had direct oversight of technical and commercial resources (country offices with significant staff and Capex budgets), planned multi-year work programs for diverse portfolios, and led complicated exploration operations. Moreover, this company was financed by Russian PE.
Bill is best characterized as a natural leader, with a strong technically focused approach, a people person, with sharp business acumen who has consistently built effective working teams composed of engineers, geoscientists, financial experts and legal counsel.
WILLIAM T. DRENNEN III
President & CEO