Callan JMB Hires Oil & Gas Veteran to Lead Non-Operated Williston Basin Push
Event summary
- Callan JMB appoints Andy Weigman as SVP of Land and Acquisitions for Callan Power, effective upon closing of Reger Oil asset acquisition.
- Weigman brings 14 years of Williston Basin experience, including 9 years at Northern Oil and Gas, and has sourced over $1 billion in acquisition opportunities.
- Callan Power aims to build a scalable non-operated oil and gas portfolio in the Williston Basin through repeatable acquisition model.
- Weigman previously co-founded two non-operated oil and gas investment funds and managed assets across 900+ wells.
The big picture
Callan JMB's hire of Andy Weigman underscores its commitment to building a durable non-operated oil and gas platform in the Williston Basin. The move comes as energy companies increasingly seek diversified exposure to production assets without the operational burdens of field management. With Weigman's deep basin expertise and acquisition track record, Callan Power aims to differentiate itself in a competitive market for non-operated working interests.
What we're watching
- Execution Risk
- Whether Callan Power can successfully scale its non-operated model in the Williston Basin amid volatile commodity prices.
- Strategic Fit
- How Callan JMB's diversification into energy aligns with its core logistics and infrastructure business.
- Talent Retention
- The pace at which Callan Power can attract and retain experienced oil and gas professionals to support its growth ambitions.