Callan JMB Taps Northern Oil Founder to Lead New Energy Subsidiary
Event summary
- Michael Reger, founder of Northern Oil and Gas, joins Callan JMB as President of Callan Power, a new subsidiary focused on energy infrastructure and manufacturing.
- Northern Oil and Gas is now valued at approximately $2.9 billion as of August 21, 2026.
- Callan Power plans to establish headquarters in Marion, Alabama, and manufacturing operations in Brewton, Alabama.
- Reger will receive equity compensation with no cash salary, aligning his interests with Callan JMB shareholders.
The big picture
Callan JMB's move to appoint Michael Reger signals a strategic pivot toward energy resilience and domestic manufacturing, aligning with broader industry trends of grid modernization and supply chain resilience. The $2.9 billion valuation of Northern Oil and Gas underscores the scale of Reger's past successes, which Callan JMB aims to replicate in the energy infrastructure space. This appointment comes as demand for electrical infrastructure expands across utilities, data centers, and advanced manufacturing sectors.
What we're watching
- Execution Risk
- Whether Callan Power can successfully establish manufacturing operations and commercial relationships to meet rising electricity demand.
- Strategic Alignment
- How Reger's leadership will integrate Callan JMB's logistics and infrastructure capabilities with Callan Power's energy focus.
- Market Dynamics
- The pace at which Callan Power can address equipment shortages and dependence on foreign supply chains for critical electrical components.
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