This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Saxon Energy Services Names New President And Chief Executive Officer

CALGARY, Alberta, March 15, 2013 /PRNewswire/ -- Saxon Energy Services Inc. (Saxon), a growing international oilfield services company, today announced that its Board of Directors has named Derek Normore to replace M.J. (Mick) McNulty, the company's current President and Chief Executive Officer who is retiring.  Mr. Normore brings extensive international oilfield service experience and enduring relationships across Schlumberger, one of Saxon's most important project partners, developed through a 32-year career successfully managing several of Schlumberger's global businesses, regions and initiatives.  In addition, he has expertise in drilling technologies, which when combined with Saxon rig designs, is expected to enhance drilling performance for the Company.

"We believe Derek's experience and leadership capabilities will help accelerate and strengthen our efforts to align innovation and collaboration with performance to deliver consistent results for Saxon customers," stated Mike Mannering, Chairman of the Saxon Board of Directors and President of Schlumberger Rig Management. "Derek will play an important role in managing Saxon's close business association with Schlumberger in providing access to rigs in support of integrated project management well construction activities, and other contracted arrangements.  We also look forward to his ability to further the development of new and innovative automated drilling technologies. In particular, the potential for Derek to integrate his expertise in downhole tools and measurements with Saxon's high-efficiency drilling rig designs for enhanced performance is very exciting."

Most recently, Mr. Normore served as President of Pathfinder since 2011. As division President, Derek was responsible for worldwide Directional Drilling, Measurement-While-Drilling (MWD) and Logging-While-Drilling (LWD) business, focused on high volume markets. During his tenure at Pathfinder, Derek saw improved market share and increased operational performance which resulted in rapid growth. Prior to joining Pathfinder in 2011, Mr. Normore was an Integration Project Manager following the merger between Schlumberger Ltd and Smith International, Inc. Prior to the Smith Integration in 2010, Normore was the President of Schlumberger Canada Ltd and Canada Geomarket Manager.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs