Pittsburgh Business Times: Driller taps veteran executive as COO

By Ashley Mikelonis In News, Uncategorized

Privately held Olympus Energy has named Tim Dugan, a veteran natural gas executive, as its SVP and COO.

Dugan recently retired as EVP and COO of CNX Resources Corp. (NYSE: CNX), where he had worked since 2004 and held a key role in the development of the Southpointe-based driller’s Marcellus and Utica shale assets. Under Dugan, CNX’s production rose from 172 billion cubic feet of natural gas to 500 billion cubic feet of natural gas and his production unit also developed CNX’s position in the emerging deep Utica shale.

He joins the growing natural gas producer, Olympus Energy, which is also based at Southpointe. It is drilling wells east of Pittsburgh and has 100,000 acres in the Marcellus, Utica and Upper Devonian shales.

“We are thrilled to add Tim to the Olympus team at such important time in our company’s history,” said M. Chris Doyle, Olympus Energy’s president and CEO. “We will call on Tim’s leadership and operational expertise within Appalachia to continue positioning Olympus for success, even in this challenging environment.”

Dugan said he’s looking forward to working with Olympus.

“Olympus is positioning itself to be a powerhouse in Appalachia, and I look forward to becoming a part of its success,” he said.

Before joining CNX when it was Consol Energy, Dugan also was VP of the Appalachia South Business Unit at Chesapeake Energy and worked both at EQT Corp. and Cabot Oil and Gas Corp. He graduated from the University of Pittsburgh with a degree in chemical engineering.

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