Mar 2, 2020   SOURCE: BusinessWire

Ambyint Strengthens Leadership Team with Addition of Chief Financial Officer

Ambyint, the leader in AI-powered production and artificial lift optimization, announced the appointment of Blake McLean to its executive leadership team as chief financial officer. He is an oil and gas industry veteran with nearly 20 years of experience in finance, strategy, and innovation.

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Blake McLean, chief financial officer, Ambyint (Photo: Business Wire)

Blake McLean, chief financial officer, Ambyint (Photo: Business Wire)

McLean will oversee overall financial strategy within Ambyint, helping the organization extend its suite of optimization solutions across all wells and artificial lift systems. His background includes 14 years at industry-leading energy investment bank Simmons & Company International and three years at independent natural gas producer EQT Corp., most recently as senior vice president of investor relations and strategy.

“Blake’s depth of knowledge in the oil and gas financial sector is an excellent addition to our team,” said Alex Robart, CEO of Ambyint. “During this time of rapid growth, it’s essential that we have industry veterans who can play a central role in driving our market expansion strategy and ultimately allow customers to increase margins through production optimization. I have no doubt that Blake will provide a strong hand in helping Ambyint continue its upward trajectory.”

"I’m excited to join the strong Ambyint team during this next phase of growth," said McLean. "The use of sophisticated technology, automation, and data science to generate incremental free cash flow and improve returns is critical for E&P companies going forward. Ambyint adds value by helping producers optimize base production and lower operating costs. This ability to drive meaningful improvements in well and field-level economics at scale is unique and provides a compelling value proposition.”

Earlier this month, Ambyint announced it secured a $15 million Series B funding round led by Cottonwood Venture Partners with additional investment from Mercury Fund and Ambyint’s management team.

About Ambyint

Ambyint, a market leader in AI-powered optimization for the oil and gas industry, delivers step-change improvements to E&P production outcomes and margins by combining advanced physics and subject matter expertise with artificial intelligence to automate operations and production optimization workflows across all well types and artificial lift systems. www.Ambyint.com.