A longtime Oklahoma City energy executive has been chosen to head industry giant BP’s new U.S. business unit.
David Lawler, who most recently had been chief operating officer at SandRidge Energy Inc., has been named CEO of the unit that will manage BP’s onshore oil and natural gas assets in the continental U.S. Lawler previously was CEO of PostRock Energy Corp.
“With an impressive track record at integrated oil and gas companies as well as independents, Dave is uniquely qualified to lead our onshore business during this exciting transition,” said Lamar McKay, chief executive of BP’s upstream segment, in a news release. “His experience and skills match up perfectly with our goals for the business.
“I’m confident he will create a competitive and sustainable operation that will be a key component of BP’s portfolio for many years.”
Lawler, 46, is the brother of Chesapeake Energy Corp. CEO Doug Lawler.
“It is an honor to join BP and have the opportunity to work with the talented members of the Lower 48 organization,” Lawler said in a statement. “I’m looking forward to leveraging BP’s talent and resources while running the business as if it were an independent.”
BP has said it will establish its newest business unit early next year. Lawler and his leadership team will develop a strategy to grow the company’s oil and gas portfolio, which includes operations in multiple basins from the onshore Gulf Coast through the Rocky Mountains.
BP’s unconventional asset base includes about 7.6 billion barrels of oil equivalent across 5.5 million acres, with interest in about 20,000 wells.
Lawler, who will join BP on Sept. 15, said it was not an easy decision to leave SandRidge, where he was worked since 2011.
“SandRidge is a special company that has assembled an outstanding group of talented and dedicated employees. The decision to leave was difficult, but I am confident that SandRidge is on the right path and has the asset base and team needed to continue delivering exceptional results,” Lawler said. “I am extremely proud of what we have accomplished, and thankful for the opportunity to be a part of a great management team.”