Sign In

Hugh Ross

President and CEO at Prairie Storm Energy

Hugh Ross is an experienced oil and gas executive who co-founded and served as President and Chief Executive Officer of Prairie Storm Energy Corp. in 2014.3 Prior to Prairie Storm, Ross and his management team built Novus Energy Inc., which they sold to Chinese state-owned Yanchang Petroleum International Ltd. in early 2014 for $320 million.1 Ross has a history of creating and leading successful energy companies, including Gentry Resources Ltd., which was sold to Crew Energy Inc. in 2008 for $238 million.1

At Prairie Storm Energy, Ross focused on acquiring oil and gas assets in Southern Alberta, Saskatchewan, and Manitoba, aiming to assemble large, contiguous high-working interest land blocks with year-round access.1 The company was backed by Natural Gas Partners, a Texas-based private equity firm that offered up to $400 million in funding.1

As of 2020, Prairie Storm Energy was producing approximately 2,200 boe/d of high netback production, weighted 55% to liquids, with low operating costs due to strategic ownership of key infrastructure.2 Under Ross's leadership, the company maintained a debt-free status with an undrawn credit facility and had over 70% of its forecast oil production for 2020 hedged at attractive pricing.2

Ross's LinkedIn profile indicates that he has since moved on from Prairie Storm Energy and is currently serving as a Board Member & Investor at Koat.ai Intelligence Solutions.3

Highlights

Aug 1 · dnb.com
Prairie Storm Energy Corp Company Profile | Calgary, AB, Canada
Aug 31 · cbinsights.com
Prairie Storm Energy Corp. - CB Insights
Jun 22 · newswire.ca
Prairie Storm Energy Corp. announces change in ownership
Private equity creates Prairie Storm in oilpatch - Calgary Herald
Private equity creates Prairie Storm in oilpatch - Calgary Herald

Related Questions

What are Hugh Ross's key achievements at Prairie Storm Energy?
How did Hugh Ross transition from Novus Energy to Prairie Storm Energy?
What strategies is Hugh Ross implementing at Prairie Storm Energy?
How has Prairie Storm Energy performed under Hugh Ross's leadership?
What are the future plans for Prairie Storm Energy under Hugh Ross?
H
Add to my network

Location

Calgary, Alberta, Canada