James Jennings, former president and chairman of Hunt Oil Co., has joined Brown Brothers Harriman as a senior advisor.
Brown Brothers Harriman today announced the appointment of James B. Jennings, former Chairman of Hunt Oil Company (“Hunt”), as a Senior Advisor to the firm.
Jennings joined Hunt in 1979, and was appointed to the company’s board of directors in 1991. As President and then Chairman (1999–2007), he was responsible for establishing Hunt’s strategic direction, as well as international exploration and production, acquisitions and new business development. Jennings led Hunt’s $670 million acquisition of Chieftain International in 2001, its $500 million acquisition of Newport Petroleum Corporation in 2000 and Hunt’s lead investments in the Peru LNG and Yemen LNG projects, each a multi-billion dollar project involving field development as well as construction of natural gas liquefaction plants and related pipelines and infrastructure. Notably, Yemen LNG will potentially bring 10 trillion cubic feet of natural gas reserves that Hunt discovered to world markets while Peru LNG, encompassing the giant Camisea gas field complex, will develop a gas resource estimated at over 13 trillion cubic feet. Jennings also expanded Hunt’s international operations by growing the company’s offices in Calgary and London, and opening new offices in Lima (Peru), Muscat (Oman), Irbil (Northern Iraq), Singapore and Dubai (UAE).
John P. Molner, General Partner and head of firm’s M&A Advisory Group said, “Our relationship with Jim stretches back many years and includes his management of Hunt Overseas Exploration Company, in which BBH’s private equity funds were a lead institutional investor. His presence adds significantly to our ability to advise clients and BBH’s own private equity funds on projects, financings and business combinations throughout the energy industry. Bringing him into this role is also part of an enhanced effort to focus on and strengthen the firm’s longstanding relationships in the industry.”
“I am extremely proud to join a firm with such a long and exceptional history of advising and investing in the energy sector. I also share BBH’s international outlook for the industry and I look forward to working with Brown Brothers to develop projects that address the challenges of the day which range from declining yields from the drill bit and increasing political risk, to commodity price volatility and climate change, to the global recession and credit crisis,” Jennings said.
Jennings has served as a Director of the Dallas Petroleum Club, Chairman of the executive committee of the Dallas Wildcatter’s Association and as a member of the Dallas Committee of Foreign Relations. He also served on the Advisory Board of NAPE (formerly known as the North American Prospect Expo) from 1993 to 2004. He earned a BS Degree in Mathematics from Trinity University in San Antonio, Texas, and a MS degree in physics from Purdue University. He is a member of the Society of Exploration Geophysicists and the American Association of Petroleum Geologists. Jennings retains the position of Chairman Emeritus of Hunt Oil Company, and is a member of the Board of Directors of Carbo Ceramics Inc. (NYSE:CRR), a publicly held oil field services company with worldwide operations.
About Brown Brothers Harriman & Co.
Founded in 1818, Brown Brothers Harriman & Co. (BBH) is the oldest and largest privately held bank in the U.S. The Firm is well known for its entrepreneurial thinking, leading-edge technology, and unmatched attention to its clients. BBH is organized as a general partnership and serves clients globally in three businesses: Investor Services & Markets, Investment Management and Banking & Advisory.
As part of BBH’s Global Advisory practice, the M&A Advisory Group is focused on advising public and private companies at the forefront of their respective industries. The group possesses deep knowledge across several verticals, including energy, healthcare, infrastructure, software and technology enabled services and telecommunications.
BBH operates a global business through fourteen global locations, including New York, Boston, New Jersey, Philadelphia, Charlotte, Chicago, Dallas, London, Dublin, Luxembourg, Zürich, Grand Cayman, Hong Kong and Tokyo.
For more information about Brown Brothers Harriman, please visit www.bbh.com.