Harrison Williams Selected for CEO Role at The Clearinghouse

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Former Co-Head of Albrecht & Associates, the Respected A&D Leader, Brings Added Depth to The Clearinghouse Team

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I’ve respected their innovative solutions to create liquidity for a wide breadth of client assets from individual wells to entire fields, while leveraging their deep technical expertise to complete larger negotiated transactions, for years.

The Oil & Gas Asset Clearinghouse, a CenterGate Capital portfolio company, is pleased to announced the appointment of Harrison Williams as the new Chief Executive Officer of the company. Harrison brings a background in the E&P sector as well as 25 years of experience in A&D as a Principal at Albrecht & Associates. The Oil & Gas Asset Clearinghouse (“The Clearinghouse”) is the leading U.S. provider of acquisition and divestiture services for oil and gas properties.

Harrison Williams, who joined the company on Monday, April 13, noted “I am thrilled to join The Clearinghouse team. I’ve respected their innovative solutions to create liquidity for a wide breadth of client assets from individual wells to entire fields, while leveraging their deep technical expertise to complete larger negotiated transactions, for years. There is no other firm that can claim over 32,000 completed transactions. I very much look forward to bringing my experience and engineering acumen to clients as we further develop and invest in our talented technical team, our unique hybrid auction, and our online infrastructure.” Williams holds a B.A. from Harvard College and a M.S. from the Massachusetts Institute of Technology. He has served on the boards of various Houston philanthropies.

Stenning Schueppert, CenterGate Capital Managing Director added, “Harrison is a great choice to take The Clearinghouse to the next level. The foundation that has made them such a trusted choice for their thousands of clients over the past two decades will strengthen with a dynamic veteran leader, and help navigate the challenging waters of the current market environment.”

After more than 18 years with The Clearinghouse, Ken Olive and Ron Barnes, former CEO and COO, respectively, have elected to pursue other opportunities. “Ken and Ron have done a terrific job leading the company over the years and we appreciate their dedication and services over that time,” Schueppert added.

About The Oil & Gas Asset Clearinghouse
The Clearinghouse, a CenterGate Capital portfolio company, is the only oil and gas acquisition and divestiture advisory firm with in-house technical expertise that offers a complete line of auction and negotiated transaction services. As the premier provider of oil and gas property marketing and advisory services, the Company has conducted more auction in the U.S. than any other firm and allows its clients to participate through physical attendance or to compete online in real-time. The Clearinghouse also provides negotiated transaction services focused on the mid-market. All marketing and advisory services are supported by a high level of reserve engineering, geo-science and land expertise. More information about The Clearinghouse and its upcoming auctions can be accessed at http://www.ogclearinghouse.com.

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Stenning Schueppert
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