1947 Oil & Gas hires veteran M&A executive Mark Paull
(WO) — 1947 Oil & Gas has appointed veteran oil and gas executive Mark Paull as executive vice president of corporate development, strengthening its leadership team as the company prepares to complete its acquisition of Renaissance Offshore, LLC.
Paull will assume the role following the closing of the Renaissance Offshore transaction, which is expected to expand 1947's U.S. production portfolio.
Paull brings nearly 40 years of experience spanning upstream operations, corporate planning, mergers and acquisitions, and investment banking. Most recently, he held senior M&A leadership positions at Guggenheim Partners, where he served as managing director, as well as Credit Suisse, where he was global head of acquisitions and divestitures, and Goldman Sachs, where he led North American A&D activities.
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Before moving into investment banking, Paull held operational and corporate planning roles at Kerr-McGee, Devon Energy and Quantum Resources Management.
"We are delighted to welcome Mark to the 1947 team," said Executive Chairman Tim Duncan. "He is a proven oil and gas executive with extensive operating, M&A and capital markets experience. His appointment strengthens our leadership team at a pivotal time for 1947 as we advance the acquisition of Renaissance Offshore."
Paull said he looks forward to helping the company execute its acquisition strategy following completion of the Renaissance transaction.
"I am excited to join the outstanding 1947 team as we close the Renaissance transaction and prioritize our extensive inventory of opportunities," he said.
1947 Oil & Gas is a newly formed U.S.-focused oil and gas production company pursuing growth through acquisitions. The company is also targeting admission to the AIM market of the London Stock Exchange later this summer.
