ADM Energy, an AIM-listed natural resources investing company, has appointed Chris Czuppon as chief operating officer of its wholly owned US subsidiary, ADM Energy USA, effective immediately.
The appointment is directly tied to the pending acquisition of upstream oil and gas assets in the mid-continent region through the company's joint venture, Vega Upstream JV, which was first announced on 29 April and remains on course to close by the end of June.
Czuppon founded Vega Oil and Gas, the entity being acquired, and scaled it to approximately 2,000 barrels of oil equivalent per day before the sale to ADM Energy, giving him direct operational familiarity with the assets he will now oversee.
He brings 25 years of energy sector experience spanning executive leadership, private equity and investment banking, having held CEO, CFO and executive vice-president roles across multiple companies.
Czuppon also co-founded CC Natural Resource Partners in 2009, an energy-focused merchant banking firm through which he advised on 34 financing and M&A transactions and raised approximately $85 million of capital between 2012 and 2016.
"The mid-continent region is a market I know extremely well, having built and operated significant production in the Western Anadarko basin over many years," Czuppon said.
