Reveal Energy Services has announced that Steven Schlotterbeck, retired CEO of EQT Corporation, has been appointed Chairman of the Board of Directors.
With extensive exploration and production experience, Mr Schlotterbeck adds insightful operator perspective as the oil and gas industry embraces the necessity of routinely acquiring hydraulic fracture measurements instead of doing so on a few pilot projects. Reveal Energy Services has led this culture change with patented simple, accurate, affordable pressure-based technology that acquires the measurements, which increase unit production at lower completion cost.
“Reveal Energy Services’ technology is fundamentally changing the fracture measurement approach with actionable insights into completion optimization compared with the alternatives. These insights are vital to lowering unit cost by lowering the cost to drill and complete while increasing well production, the requirements for operator success now,” Mr Schlotterbeck said. “I am honored to become a part of this great team.”
During his 18-year career at EQT, Mr Schlotterbeck held significant roles that led to his CEO appointment. Mr Schlotterbeck was also SVP of Reserve Development at EQT where he managed the development of modern fracking techniques. Mr Schlotterbeck’s leadership was integral to the EQT transformation from a small, local gas distribution company into the largest natural gas producer in the US. He was also the CEO and a director of affiliated pipeline companies EQT Midstream Partners, EQT GP Holdings, and Rice Midstream Partners. Together, these companies were one of the largest US natural gas gatherers.
Mr Schlotterbeck has more than 30 years of distinguished industry experience with roles at Marathon Oil and Equinor, formerly Statoil, before his tenure at EQT Corporation. He has a Bachelor of Science degree in Petroleum Engineering from The Pennsylvania State University.
“I am appreciative and pleased that Mr Schlotterbeck is joining the Board of Directors as Chairman of the Board,” Sudhendu Kashikar, CEO of Reveal Energy Services, said. “His insight will be essential as we continue to expand our staff and grow our technology portfolio in this time of rapid industry change.”