Miller Energy names Elliot its new CFO

Phillip G Elliot new Chief Financial Officer of Miller Energy | Courtesy of constantcontact.com

According to a recent announcement from Miller Energy Resources, Inc., the company’s board has chosen Phillip Elliot as its new chief financial officer.

Elliott has previous experience as senior vice president at EQT, where he worked for more than 18 years. While there, he fulfilled other roles including treasurer.

"Miller Energy represents a terrific opportunity," Elliott said. "The company's substantial asset base and strong oil hedge profile as well as the favorable commodity pricing and cash drilling and completion incentives in the state of Alaska affords Miller Energy significant flexibility to improve its capital structure and to grow its enterprise and equity value. I look forward to working with the new management team as it continues to improve the Company's cost and capital discipline and works to optimize the cash-on-cash returns from its resource base."

"(Phillip) brings a strong and focused work ethic as well as a proven and deep track record of financial and corporate development success," Miller Energy CEO Carl Giesler said. "During his almost two decades at EQT Corp., Phil played a significant role in helping grow the company's E&P business as well as in the formation of its affiliated midstream MLP (EQT Midstream Partners). Phil will help Miller Energy better align its capital structure as well as optimize the value of its substantial oil and gas and infrastructure assets."

Giesler said interim CFO Jeff McInturff will remain a key member of senior management and continue as chief accounting officer.