Hart Energy Names John E. Paisie as Executive VP-C

HOUSTON, July 16, 2013 (GLOBE NEWSWIRE) -- John E. Paisie has joined Hart Energy in a newly created role as its executive vice president for consulting and research. He will be responsible for developing Hart Energy's consulting business worldwide, increasing the scope of its research activities and expanding its base of retained services relationships.

"I am very excited about joining Hart Energy," Paisie said. "From my perspective this is a great opportunity because of Hart Energy's established reputation, extensive knowledge base, and unique product and service offerings. These attributes create the basis for helping clients achieve success within the changing energy environment, which, in turn, supports Hart Energy's continued growth," he said.

"We feel fortunate to have someone with John's capabilities joining our team," said Kevin Higgins, Hart Energy president and chief operating officer.  "His petroleum industry background and his deep, hands-on experience building high-performance research and consulting teams worldwide is exactly what we were seeking when we announced this search six months ago."

From 2003 through 2011, Paisie was a partner with PFC Energy, a strategic consultancy based in Washington, D.C., where he managed the downstream oil & gas and petrochemical group and led a global practice. His staff of nearly 60 professionals in the Americas, Europe, the Middle East, and Asia and was responsible for developing new retainer services and securing major consulting engagements.  

Paisie helped PFC Energy establish new retained services in Asia, the Middle East, the FSU, and the Caspian, reach into other sectors (NGLs, petrochemicals, and biofuels) and develop new areas of analysis (financial benchmarking, carbon-related issues, and alternative energy).  He led development of in-house analytical models and underlying databases including: energy supply/demand models; financial and portfolio models, and asset valuation models.

After starting his career with Sun Oil Company, Paisie worked as a project manager for Saudi Aramco at Ras Tanura, and for more than eight years with IBM Consulting (formerly PriceWaterhouseCoopers, PwC Consulting) in Singapore, Beijing and London.  As an expatriate, he lived in Southeast Asia, China, the Middle East and Europe, and worked extensively in Latin America. He earned his Bachelor of Science degree in engineering from the University of Toledo and his MBA from Purdue University.

At Hart Energy, Paisie leads a group of researchers, analysts and consultants stationed in Houston, Washington, Brussels and Singapore, among other cities.  Hart Energy's research products span upstream, midstream and downstream markets, and its consultants have deep and specific expertise in finished fuels (including biofuels) and unconventional resources.

About Hart Energy

For nearly 40 years, Hart Energy has delivered leading insights to the global energy industry. The Houston-based company publishes print (such as Oil and Gas Investor magazine), online media, and data services across the energy value chain; hosts international conferences (such as Developing Unconventionals [DUG™] series); and offers GIS and mapping solutions. The firm provides research and consulting services, including the North American Shale Quarterly research platform, whose independent production and midstream forecasts are relied upon by industry operators and investors using the Bloomberg Tradebook platform. For more information, visit hartenergy.com .

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Greg Salerno 1.713.260.5200