Yeager leads Maverick in Texas oil play
Mike Yeager, the charismatic Texan who ran BHP's petroleum division for most of the past seven years, has been appointed chief executive and chairman of ASX-listed Maverick Drilling.
Maverick is focused on three onshore oil prospects south of Houston, not far from the Eagle Ford region where BHP's shale operations are focused.
His departure was announced in April as part of new chief executive Andrew Mackenzie's efforts to flatten the management structure.
Mr Yeager, who served as a US Marine earlier in his life, served out time at BHP until July.
His appointment to Maverick comes as a highly ranked executive at Rio Tinto took the reins at a smaller company. Gindalbie Metals has confirmed that Dale Harris will takeover from Tim Netscher as managing director.
Mr Harris previously helped run Rio Tinto's high-technology remote operations centre at Perth airport, which controls iron-ore mines and trains in the Pilbara, more than 1000 kilometres away.
Frequently Asked Questions about this Article…
Mike Yeager is the charismatic Texan who previously ran BHP's petroleum division. He has been appointed as the chief executive and chairman of ASX-listed Maverick Drilling, focusing on oil prospects in Texas.
Maverick Drilling is focused on three onshore oil prospects located south of Houston, near the Eagle Ford region where BHP's shale operations are concentrated.
Mike Yeager's departure from BHP Billiton was announced as part of new chief executive Andrew Mackenzie's efforts to flatten the management structure. Yeager served out his time at BHP until July.
The Eagle Ford region is significant for Maverick Drilling as it is a well-known area for shale oil operations, and Maverick's oil prospects are located nearby, potentially benefiting from the region's established infrastructure and resources.
Mike Yeager brings extensive experience from his time leading BHP's petroleum division, where he drove a $US20 billion push into US shale oil. His leadership and industry knowledge are valuable assets for Maverick Drilling.
Dale Harris is a highly ranked executive who previously helped run Rio Tinto's remote operations centre. He has been appointed as the managing director of Gindalbie Metals, taking over from Tim Netscher.
At Rio Tinto, Dale Harris helped run the high-technology remote operations centre at Perth airport, which controls iron-ore mines and trains in the Pilbara region.
Mike Yeager's background as a US Marine likely contributes to his disciplined and strategic approach to leadership, which has been evident in his successful management roles in the oil industry.
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