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.
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, known for leading BHP Billiton's $US20 billion investment in US shale oil, has been appointed as the chief executive and chairman of ASX-listed Maverick Drilling.
Maverick Drilling is focused on three onshore oil prospects located south of Houston, near the Eagle Ford region where BHP's shale operations are situated.
Mike Yeager's departure from BHP Billiton was part of new chief executive Andrew Mackenzie's efforts to flatten the management structure.
The Eagle Ford region is significant for Maverick Drilling as it is a well-known area for shale operations, and Maverick's oil prospects are located nearby, potentially benefiting from the region's established infrastructure and resources.
Before joining Maverick Drilling, Mike Yeager ran BHP's petroleum division for most of the past seven years and served as a US Marine earlier in his life.
Dale Harris, a highly ranked executive at Rio Tinto, has been appointed as the managing director of Gindalbie Metals, taking over from Tim Netscher.
Dale Harris brings experience from running Rio Tinto's high-technology remote operations centre at Perth airport, which controls iron ore mines and trains in the Pilbara.
Mike Yeager's charismatic leadership and extensive experience in the oil industry, particularly with BHP's significant shale investments, are expected to drive Maverick Drilling's success in its Texas oil play.
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