SOURCE: SIGMA3

sigma3

January 09, 2013 09:53 ET

SIGMA3 Announces John A. Ughetta as Executive Vice President of Sales & Business Development

HOUSTON, TX--(Marketwire - January 09, 2013) -  SIGMA3 Integrated Reservoir Solutions, Inc. announces the appointment of John Ughetta as Executive Vice President of Sales & Business Development. Ughetta brings more than 30 years of sales and account management expertise to this new role and will be responsible for directing the company's global sales initiatives, operations and resources.

"We welcome John to the executive management team at a time of breakthrough technology and strategic growth opportunities," says Jorge Machnizh, CEO of SIGMA3. "Helping clients know where and how to drill, where and how to maximize their hydrofracking activities, and where to direct their investments is our sole focus, and we are doing this by delivering geo-engineering integration through dynamic earth models that drive production and business performance. As a recognized leader in the upstream E&P industry, John will accelerate the growth and integration of our worldwide sales and business development team; aligned with the company's strategic business objectives, which will result in ongoing success."

"Oil and gas operators are looking for insight about how to drill and complete their wells and maximize reservoir potential," says Ughetta. "SIGMA3 recognizes the value of integrated solutions that help clients turn data into valuable information and knowledge to support decision across geophysics, geology, drilling and completions, and reservoir engineering -- disciplines that are often disconnected. During my career, I've spent time in these siloes, which is why I'm so excited about what SIGMA3 brings to the table to help clients achieve asset-scale reservoir optimization and maximum ROI."

Ughetta most recently served as the VP of Worldwide Sales for MicroSeismic, Inc. where he expanded the sales team and achieved exceptional revenue growth. Prior to this, he held various management positions at Epoch Well Services, NetIQ/PentaSafe Security Technologies, PGS, IBM, BMC Software, Landmark Graphics, and Halliburton. Ughetta holds a B.S. in Geology from Denison University, and is a member of SPE, AAPG and SEG.

About SIGMA 3 Integrated Reservoir Solutions
SIGMA3 Integrated Reservoir Solutions, Inc., is a leading technology provider for the oil and gas industry that advises oil and gas companies where and how to drill the most prolific wells, while maximizing their production. Through a truly integrated, reservoir-centric portfolio of technology, expertise and services, SIGMA3 delivers an unprecedented level of integration that spans reservoir understanding to production optimization. For more information visit www.sigmacubed.com.

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