Michael Faust Net Worth

Michael Faust biography

Michael J. Faust serves as Independent Director of the Company. Mr. Faust is the chief executive officer and director of Obsidian Energy Ltd. since March 2019, and is a consultant with Quartz Geophysical LLC, a geophysical consulting business. Mr. Faust is Executive Chairman and President of SAExploration, Inc. Prior to these positions, Mr. Faust was the Vice President, Exploration and Land at ConocoPhillips Alaska, Inc. After joining Arco Alaska, Inc. in 1997, Mr. Faust held multiple senior positions up to and following Phillips Petroleum Co.’s acquisition of Arco Alaska, Inc. in 2000 and the subsequent merger between Phillips and Conoco Inc. In 2008, Mr. Faust was appointed Vice President of Exploration and Land at ConocoPhillips Canada Ltd. Prior to Arco Alaska, Inc., Mr. Faust also held various positions with Exxon Exploration Company and Esso Norge A.S. Mr. Faust holds a Master of Arts degree in Geophysics from the University of Texas after receiving his Bachelor of Science degree in Geology from the University of Washington.

How old is Michael Faust?

Michael Faust is 59, he's been the Independent Director of Parker Drilling since 2019. There are 3 older and 10 younger executives at Parker Drilling. The oldest executive at Parker Drilling Company is Eugene Davis, 65, who is the Independent Chairman of the Board.

What's Michael Faust's mailing address?

Michael's mailing address filed with the SEC is 5 GREENWAY PLAZA, SUITE 100, , HOUSTON, TX, 77046.

Insiders trading at Parker Drilling

Over the last 5 years, insiders at Parker Drilling have traded over $7,381,949 worth of Parker Drilling stock and bought 1,374,439 units worth $21,384,720 . The most active insiders traders include Advisors Llcwhitebox Genera..., Capital Management Llc High... oraz George G Varde Investment P.... On average, Parker Drilling executives and independent directors trade stock every 14 days with the average trade being worth of $950,859. The most recent stock trade was executed by Bryan Ray Collins on 26 March 2020, trading 11,544 units of PKDC stock currently worth $150,072.

What does Parker Drilling do?

Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry. It operates through two business lines, Drilling Services and Rental Tools Services. The Drilling Services business line drills oil, natural gas, and geothermal wells with company-owned rigs and customer-owned rigs; and operates barge rigs for drilling oil and natural gas in the shallow waters in and along the inland waterways and coasts of Louisiana, Alabama, and Texas. This business line also provides project related services, such as engineering, procurement, project management, and commissioning of customer-owned drilling facility projects; drill wells and manages the logistical and technological challenges of operating in remote, harsh, and ecologically sensitive areas. The Rental Tools Services business line offers rental equipment, such as standard and heavy-weight drill pipes, tubing, drill collars, and others; pressure control equipment, including blow-out preventers; well construction services, such as tubular running services and downhole tools; well intervention services comprising whipstock, fishing products, and related services; and inspection and machine shop support services for exploration and production companies, drilling contractors, and service companies on land and offshore. The company serves independent and national oil and natural gas exploration and production companies, and integrated service providers in the United States, Russia and other Commonwealth of Independent States countries, Europe, the Middle East, Africa, Asia, Latin America, and other countries. Parker Drilling Company was founded in 1934 and is headquartered in Houston, Texas.

Parker Drilling executives and stock owners

Parker Drilling executives and other stock owners filed with the SEC include:

• Jon-Al Duplantier,
  President - Rental Tools and Well Services
• Michael Sumruld,
  Chief Financial Officer, Senior Vice President
• Michael W. Sumruld,
  Sr. VP & CFO
• Bryan Collins,
  President - Drilling Operations
• L. Spencer Wells,
  Independent Director
• Zaki Selim,
  Independent Director
• Barry McMahan,
  Independent Director
• Michael Faust,
  Independent Director
• Patrick Bartels,
  Independent Director
• Jennifer Simons,
  Vice President, General Counsel and Corporate Secretary
• Sandy Esslemont,
  President, Chief Executive Officer, Director
• Eugene Davis,
  Independent Chairman of the Board
• Jennifer Fremont Simons,
  Sr. VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec.
• Nick Henley,
  Investor Relations Director
• Nathaniel C. Dockray,
  Treasurer
• Bryan Ray Collins,
  Sr. VP of Global Bus. Devel.
• Jason Geach,
  VP of Investor Relations & Corp. Devel.
• Brage Johannessen,
  Sr. VP of Global Operations
• Alexander Esslemont,
  Pres, CEO & Director
• Capital Management, Lpmorga...,
  
• Capital Management Llc High...,
  10% owner
• George G Varde Investment P...,
  
• Nathaniel C Dockray,
  Chief Accounting Officer
• Amr Selim,
  Director
• Advisors Llcwhitebox Genera...,
  
• George G Varde Skyway Maste...,
  
• Gary G Rich,
  President & CEO