Board of Directors // Shared Vision

Eco-Stim Energy Solutions has assembled a team of industry professionals with over 150 years of combined experience in oilfield service, including key executives with a particular emphasis on the hydraulic fracturing business.

EcoStim Energy Solutions — Board of Directors, Brian Stewart
Mr. Stewart retired from Devon Energy Corporation in June 2012 after 35 years of service. During a portion of his tenure, he served as Devon's Chief Engineer responsible for the development and integration of company-wide best practices for horizontal drilling, frac design, and well control. During his last five years at Devon, Mr. Stewart served as the Vice President of Well Engineering for the Offshore Division. Beginning in June 2012 following his retirement from Devon, Mr. Stewart served as President and Chief Executive Officer of U.S. Well Services ("USWS"), a provider of fracturing services in the Appalachian Basin (Marcellus and Utica Shales). Mr. Stewart retired from the day to day operations of USWS on December 31, 2015 but remained on USWS's Board of Directors until it was recapitalized in February 2017.

Mr. Stewart received a BS degree in Petroleum Engineering from Louisiana State University and a MS degree in Engineering Management from the University of Southwestern Louisiana (now UL-Lafayette).

 

EcoStim Energy Solutions — Board of Directors, Alexander Nickolatos

Mr. Nickolatos has served as the Company’s Chief Financial Officer since December 2013. Prior to EcoStim, Mr. Nickolatos served as the Director of Financial Planning and Analysis at Neos GeoSolutions, a Silicon Valley backed oilfield technology company (“Neos”). During his time at Neos, he also served as Controller and Treasurer, and oversaw oil and gas accounting and finance operations in seven countries, including Argentina.

Prior to joining Neos, he worked for PricewaterhouseCoopers and Arthur Andersen. Mr. Nickolatos is a Certified Public Accountant and holds an accounting degree, summa cum laude, from Walla Walla University.

 

 

 

EcoStim Energy Solutions — Board of Directors, Bjarte Bruheim

Mr. Bruheim has over 30 years of international management experience and is also a serial entrepreneur. He has spent the majority of his career introducing technologies that reduce risk and improve efficiencies in the oil and gas business. Such companies include oilfield services companies as PGS (OSX: PGS) which he co-founded in 1991, EMGS (OSX:EMGS) where he was an early venture investor and Executive Chairman in 2004, Geo-Texture Technologies which he co-founded in 2005 and ODIM ASA, which he worked to turn around and later sell. PGS and EMGS are leaders in their industry and remain public companies while ODIM was sold to Rolls Royce (~$900 million), and Geo-Texture was sold to EcoStim Energy Solutions.   In addition to the oilfield service companies, Mr. Bruheim was a co-founder of Spinnaker Exploration Company using PGS technology, an early venture investor in Spring Energy using EMGS technology and co-founder of a small E&P company operating in the Eagle Ford field in Texas using Geo-Texture technology. Spinnaker was later sold to Statoil for ~$2.6 billion, Spring Energy was sold to Tullow Oil for ~$600 million and the small E&P Company in the Eagle Ford play was sold to Chesapeake for an undisclosed amount.   He started his career as an executive with Schlumberger after graduating with a master’s degree in Physics from the Norwegian University of Science & Technology in Trondheim, Norway. Mr. Bruheim brings worldwide business and operational experience to the Company.

 

EcoStim Energy Solutions — Board of Directors, Tim Reynolds

Mr. Reynolds serves as Co-CEO of Dakota Midstream, an independent midstream energy company in the Bakken shale formation. Prior to founding Dakota Midstream in July 2014, Mr. Reynolds led the acquisition of Mesa Oil Services, a salt-water disposal operator in the Bakken in April 2014. Previously, Mr. Reynolds worked at Highstar Capital, an infrastructure investment firm from 2008 to March 2014, most recently as Principal and Director of Corporate Affairs. Earlier in his career, Mr. Reynolds worked at the White House, serving first in the National Economic Council from 2002 to 2004, and then in the Office of the Chief of Staff for the President from 2004 to 2006. During his government service, he focused on energy, health care, and Social Security policy formation and implementation.

Mr. Reynolds is a graduate of the University of North Carolina at Chapel Hill (2001), and earned his MBA from the Stanford Graduate School of Business (2008).

 

 

 

EcoStim Energy Solutions — Board of Directors, Christopher Krummel

Mr. Krummel joined our Board in January, 2014. Chris Krummel has served as the Vice President of Finance and Chief Accounting Officer at McDermott International, Inc. since October, 2016. Prior to joining McDermott, Mr. Krummel was a consultant for American Industrial Partners, and served as the Chief Financial Officer of EnTrans International, LLC. Before joining EnTrans, Mr. Krummel was Chief Accounting Officer, Vice President and Corporate Controller, and Vice President of Finance of Cameron International Corporation. He has also served as the Chief Financial Officer of Enventure Global Technology LLC and as Vice President and Financial Controller at Petroleum Geo-Services ASA. Mr. Krummel has also held various finance leadership positions at Keystone International, Inc. and Price Waterhouse LLP. He holds a Bachelor of Science in Business Administration from Creighton University and an MBA in finance and strategic management from The Wharton School at the University of Pennsylvania.

 

EcoStim Energy Solutions — Board of Directors, Todd Snyder

Mr. Snyder is the founder and Senior Managing Partner of TRS Advisors LLC. Previously, Mr. Snyder was the Executive Vice Chairman of North American GFA and Co-Chair of the North American Debt Advisory and Restructuring Group of Rothschild Inc., a leading international investment banking and financial advisory firm. Mr. Snyder has been an advisor to companies in restructurings and reorganizations for thirty years and has been instrumental in a diverse selection of complex transactions, including reorganizations, restructurings, financings, spinoffs, workouts, exchange offers, mergers, divestitures and management-led buyouts.

Before joining Rothschild in March, 2000, Mr. Snyder was a Managing Director in the Restructuring and Reorganization group at Peter J. Solomon Company and a Managing Director at KPMG Peat Marwick in the Corporate Recovery Group, where he also was the National Director of the Corporate Recovery Practice for Governmental Enterprises (regulated and privatizing industries).

Prior to moving to the investment banking field, Mr. Snyder practiced law in the Business Reorganization department of Weil, Gotshal & Manges. Mr. Snyder currently serves as an independent member on the board of directors of EcoStim Energy Solutions. Mr. Snyder received a B.A. degree from Wesleyan University and a J.D. from the University of Pennsylvania Law School.

 

EcoStim Energy Solutions — Board of Directors, Andrew Teno

Andrew Teno joined Fir Tree in 2011 and is a Director on the Investment team. Mr. Teno is responsible for the analysis and modeling of investment opportunities. Prior to joining Fir Tree, Mr. Teno was an Associate at Crestview Partners, a private equity firm. At Crestview, Mr. Teno focused on analyzing leveraged buyouts and distressed investments. Before Crestview, Mr. Teno was an analyst at Gleacher Partners in their Mergers and Acquisitions group.

Mr. Teno received a B.S. in Economics, magna cum laude, from The Wharton School of the University of Pennsylvania.