Metawells Oil & Gas Appoints New Board President and Finalizes South Plains Petroleum Acquisition

Metawells Oil & Gas Inc. has announced two major corporate developments that signal a new phase of strategic growth for the development-stage energy company. The company appointed Stefanos Kalogirou as President of the Board of Directors and finalized its acquisition agreement with South Plains Petroleum Inc., marking significant milestones in the company's expansion trajectory.

Effective November 1, 2025, Kalogirou succeeds Ronald Minsky, who resigned from his position but will continue serving the company as a senior advisor and consultant. Kalogirou brings more than twenty years of experience in project management and strategic planning to his new role, with a demonstrated track record of leading large-scale projects. His educational background includes a degree from Baruch College, City University of New York, providing him with strong foundational knowledge for corporate leadership.

Kalogirou expressed his commitment to advancing the company's strategic direction, stating he looks forward to supporting Metawells' growth through disciplined execution and pursuit of new opportunities. His appointment comes at what he described as a pivotal time for the company, suggesting significant developments ahead under his leadership.

Simultaneously, Metawells has completed its acquisition of South Plains Petroleum Inc. following several months of negotiations and due diligence. This acquisition represents a transformative step for Metawells, as South Plains holds multiple properties in strategic energy regions, including the Eastern Permian Basin of Texas and onshore Louisiana near the Gulf Coast. These assets include significant proven oil and gas reserves that are ready for development, providing immediate value to Metawells' portfolio.

The integration of South Plains' assets through https://www.southplainspetroleuminc.com is expected to strengthen Metawells' overall portfolio and accelerate the company's path toward operational expansion. Kalogirou emphasized the transformative nature of this acquisition, indicating that it aligns with the company's commitment to building shareholder value through strategic acquisitions and disciplined project execution.

For the energy industry, this development represents continued consolidation activity among development-stage companies seeking to build scale and operational capacity. The acquisition of proven reserves in established basins like the Permian and Gulf Coast regions provides Metawells with immediate development opportunities rather than requiring extensive exploration efforts. This strategic move could position the company more competitively within the North American energy landscape.

The combination of new leadership with extensive project management experience and the acquisition of ready-to-develop assets creates a foundation for accelerated growth. Investors and industry observers will be watching how Metawells leverages these developments to advance its strategic roadmap. The company has indicated that further updates regarding leadership initiatives and the South Plains integration will be provided in subsequent announcements, suggesting ongoing strategic developments.

This corporate restructuring and acquisition activity reflects broader trends in the energy sector where companies are positioning themselves for growth through strategic leadership appointments and asset consolidation. The focus on proven reserves in established basins reduces development risk while providing clear pathways to production, which could enhance shareholder value if executed effectively.