NEQ Operating Strengthens Leadership Team to Support Next Phase of Growth
Key Highlights
- ➤NEQ Operating names John Raines president and chief operating officer
- ➤NEQ Operating names Michael Magilton chief financial officer
- ➤NEQ Operating manages one of the largest private U.S. oil and gas portfolios
- ➤Company plans cash reinvestment in low-risk development and acquisitions
Expert Statements
Wil VanLoh, Founder and CEO of Quantum Capital Group
“John and Michael are exceptional operational and financial leaders with deep roots in the upstream industry, and we are thrilled to welcome them to the NEQ Operating team.”
Wil VanLoh, Founder and CEO of Quantum Capital Group
“John has spent his career running large, complex operations at one of the country's leading producers, and Michael has a long record of disciplined capital allocation across commodity cycles.”
Wil VanLoh, Founder and CEO of Quantum Capital Group
“Together with David, they give NEQ Operating the leadership, expertise and vision needed to drive growth.”
Wil VanLoh, Founder and CEO of Quantum Capital Group
“As the U.S. upstream market continues to evolve, NEQ Operating is well-positioned to capitalize on opportunities to acquire and develop high-quality assets.”
David Harris, Chief Executive Officer of NEQ Operating
“NEQ Operating has built a differentiated platform, and our ability to attract leaders of John’s and Michael’s caliber is a testament to its strength and the significant opportunity ahead.”
David Harris, Chief Executive Officer of NEQ Operating
“We are already managing one of the largest private oil and gas portfolios in the United States, and with John's operational leadership, Michael's financial expertise and the backing of Quantum Capital Group, we are well-positioned to reinvest cash in low-risk development and acquisitions, compounding the growth and returns of our platform.”
David Harris, Chief Executive Officer of NEQ Operating
“I am excited to work alongside them as we continue to build on this strong foundation.”
John Raines Named President and Chief Operating Officer; Michael Magilton Named Chief Financial Officer
HOUSTON, Oct. 27, 2026 (GLOBE NEWSWIRE) -- NEQ Operating, LLC ("NEQ Operating" or the "Company"), a leading operator of upstream assets across the Lower 48, today announced the appointments of John Raines as President and Chief Operating Officer and Michael Magilton as Chief Financial Officer. Together, Raines and Magilton bring extensive operational, financial and transaction experience to NEQ Operating as the Company continues to scale its platform and pursue its growth strategy.
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