Denbury Resources appointed JOHN P. DIELWART, SPE, to its board of directors, thereby increasing the number of Denbury directors to 10. Dielwart has 35 years’ oil and gas industry experience, which includes being a founder, former CEO, and current member of the board of directors of ARC Resources, a Calgary-based, midsized, dividend-paying oil and gas company. He oversaw the growth of ARC from a USD‑200-million startup in 1996 to an USD-8-billion company at the time of his retirement in January 2013. Dielwart is currently vice chairman of ARC Financial Corp., a Canadian, energy-focused private equity manager, a position he assumed after his retirement.
Before joining ARC, he spent 12 years with a major oil and natural gas engineering consulting firm, as senior vice president and director. Dielwart began his career at a major oil and natural gas company, where he spent 5 years. He served two separate 3-year terms as a governor of the Canadian Association of Petroleum Producers, including 18 months (2002 to 2004) as its chairman. Dielwart earned a BS degree (with distinction) in civil engineering from the University of Calgary. He is also a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA).