Pittsburgh Business Times: Olympus Energy names new CEO

By In Homepage, News

Veteran natural gas executive Tim Dugan is taking the reins of Olympus Energy, the privately-held driller based at Southpointe.

Dugan, who joined Olympus Energy in January as SVP and COO, replaces longtime CEO M. Chris Doyle. Doyle will move to the role of lead director of the company.

Olympus Energy is the 10th-largest natural gas driller in southwestern Pennsylvania, according to the 2020 Pittsburgh Business Times Book of Lists. Olympus, which rebranded itself in 2019 after being formed in 2012 as Huntley & Huntley Energy Exploration, has 100,000 acres of assets in the Marcellus and Utica shales in southwestern Pennsylvania. Private equity firm Blackstone invested $250 million into the company in 2017.

“Tim’s longstanding operational expertise and commitment to excellence within Appalachia will be instrumental to the continued success of Olympus, and I look forward to seeing the company continue to thrive,” Doyle said in a statement.

Dugan in a statement thanked Doyle for his work building Olympus.

“We have a remarkable asset and a dynamic team that is poised to deliver industry-leading results for years to come,” Dugan said.

Dugan has extensive experience in the natural gas industry, having spent several years as EVP and COO of CNX Resources Corp. (NYSE: CNX) and before that as VP of the Appalachia South business unit at Chesapeake Energy (NYSE: CHK). He has also worked at Cabot Oil and Gas Corp. (NYSE: COG) and EQT Corp. (NYSE: EQT).

Olympus also promoted Michael Wahl to SVP and COO, and Manny Johnson to VP of operations. Both Wahl and Johnson had been with Olympus Energy since 2016.

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