In this episode of CFO Weekly, Zachary Kimball, PE, MBA, VP of Finance and Strategic Planning at Citation Oil and Gas Corp, joins Megan Weis to explore how CFOs in the energy sector are transforming their approach to managing aging assets while balancing escalating production costs and operational efficiency. Zach brings unique insights as a petroleum engineer turned finance leader, with experience at Halliburton, Marathon Oil, and McKinsey & Company's Petroleum Asset Excellence group.


With his extensive background spanning field operations to corporate strategy, Zach shares how finance teams can leverage operational knowledge to optimize mature assets, implement data-driven capital allocation frameworks, and navigate the complex intersection of ESG considerations and profitability. Currently serving as VP of Finance and Strategic Planning at Citation Oil and Gas Corp, Zach oversees strategic planning for a portfolio of mature assets with over 400 fields, some dating back over 100 years.


What You'll Learn:

• How aging assets fundamentally change financial strategy beyond traditional commodity price focus
• Frameworks for evaluating which mature assets to invest in versus divest or decommission
• The critical role of operational data integration in high-level financial decision making
• Strategies for managing power costs that can represent 30-40% of operating expenses
• How ESG considerations serve as a license to operate rather than just a cost center
• Capital allocation approaches that balance growth investments with cost-saving initiatives

Learn more about Reza:

• Zachary Kimball, PE, MBA on LinkedIn
• Citation Oil and Gas Corp Website

Episode resources:

• Personiv's Website
• Personiv on LinkedIn
• Personiv on Facebook
• Personiv on Twitter
  
  

If you enjoyed this episode, then please either:

• Follow, rate, and review on Apple Podcasts
• Follow on Spotify

Instructions on following, rating, and reviewing CFO Weekly are here.
Previous guests include: Tom McDermott, CFO at Career Certified, Claire Bramley, CFO at Teradata, Chris Miles, Founder of Money Ripples, Ranil DeSilva, CFO & COO at CARE, Jordan Grumet, Financial Independence Expert & Host of Earn & Invest & William Washington, Global CFO at Baker McKenzie

Check out some of our most recent episodes:

• Driving Value Beyond Finance with Tom McDermott
• Why CFOs Are the Chief Everything Officers with Claire Bramley
• Why Traditional Financial Advice Fails and What To Do Instead with Chris Miles
• NGO Finance Secrets: CARE’s $900M Strategy with Ranil DeSilva
• What Lights You Up? with Jordan Grumet
• Become a Lean Six Sigma Master Black Belt with William Washington
  
  

If you are interested in joining CFO Weekly as a guest, please complete this form: fame.so/cfo-guest

CFO Weekly is handcrafted by our friends over at: fame.so