Intrepid Appoints Vice President of Business Development
October 16 2018 - 7:01AM
DENVER; October 16, 2018 -
Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid") today announced the
appointment of Alex Wagner as Vice President of Business
Development - Oilfield Services. In this position, Mr. Wagner will
be tasked with escalating the growth of Intrepid's water, heavy
brine, high-speed potassium chloride mixing, salt water disposal,
and trucking service lines. Centralizing the management of these
products and services is an important step towards Intrepid's
previously announced intent to grow its oilfield services
organically and through potential complementary acquisitions.
"Building on the momentum we have created for our
oilfield products and services, we are now sharpening our focus on
accelerating the growth path of these higher margin offerings,"
said Bob Jornayvaz, Intrepid's Executive Chairman, President and
CEO. "Alex's vast oil and gas industry experience make him an ideal
fit to lead this business unit as we refine our strategy to grow
the business organically. Further, by adding his mergers and
acquisitions experience to the team, we enhance our ability to
pursue acquisitions designed to create further product synergies
throughout the business. We are excited to welcome Alex to the
Intrepid team."
Mr. Wagner will join Intrepid from Phenix Energy
Partners, LLC, where, as Managing Member, he advised on low to
mid-market equity-backed oil and gas acquisitions and acted as
subject matter expert across several oil and gas disciplines.
Previously, Mr. Wagner served for a combined 15 years in a series
of positions with increasing responsibility at Halliburton and BJ
Services. In these roles, Mr. Wagner's responsibilities included,
among other things, acquisition advisement, business development
and sales. Mr. Wagner's broad background includes experience in
drilling, completion, and production activities, and extensive work
in fracking, salt water disposal, and water handling and
treatment.
About Intrepid
Intrepid is a diversified mineral company that
delivers potassium, magnesium, sulfur, salt and water products
essential for customer success in agriculture, animal feed and the
oil and gas industry. Intrepid is the only U.S. producer of muriate
of potash, which is applied as an essential nutrient for healthy
crop development, utilized in several industrial applications and
used as an ingredient in animal feed. In addition, Intrepid
produces a specialty fertilizer, Trio®, which
delivers three key nutrients, potassium, magnesium, and sulfate, in
a single particle. Intrepid also provides water, magnesium
chloride, brine and various oilfield services.
Intrepid serves diverse customers in markets where
a logistical advantage exists and is a leader in the use of solar
evaporation for potash production, resulting in lower cost and more
environmentally friendly production. Intrepid's mineral production
comes from three solar solution potash facilities and one
conventional underground Trio® mine.
Intrepid routinely posts important information,
including information about upcoming investor presentations and
press releases, on its website under the Investor Relations tab.
Investors and other interested parties are encouraged to enroll at
intrepidpotash.com, to receive automatic email alerts or RSS feeds
for new postings.
Contact
Matt Preston, Investor Relations
Phone: 303-996-3048
Email: matt.preston@intrepidpotash.com
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Intrepid Potash Inc via Globenewswire
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