Denver, CO-based oil exploration and production company Emerald Oil Inc. has appointed David Veltri as COO. Veltri will oversee all aspects of the company's well activities and production operations, including drilling and well completion operations, production facilities and infrastructure, production operations, and operational capabilities including service agreements, operational staffing and operations budgeting.
Veltri has over 31 years of oil and gas industry experience with a major oil company and several independent oil companies, where he has managed and engineered all phases of upstream and mid-stream oil and gas operations, covering North Dakota, Wyoming, the Rocky Mountains, the Southern US, Mid-Continent, Louisiana, Texas and various international locations. Veltri was most recently vice president / general manager of Baytex Energy USA Ltd. His previous roles include production manager at El Paso Exploration and Production Co., vice president of production and drilling at Yuma Exploration and Production Co., project engineer at EOG Resources, and vice president of production and engineering at Chesapeake Energy Corp. Veltri received a bachelor’s degree from West Virginia University.
Emerald (NYSE MKT: EOX) is focused primarily on the development of its approximate 48,800 net acres in the Williston Basin in North Dakota and Montana, prospective for oil in the Bakken and Three Forks formations. Emerald also has accumulated 45,100 net acres in the Sandwash Basin in northwest Colorado and southwest Wyoming, prospective for oil in the Niobrara formation, and 33,500 net acres in central Montana, prospective for oil in the Heath formation.