08/24/2026
Callan JMB is pleased to confirm that Michael Reger, founder of Northern Oil and Gas, Inc., will serve as President of Callan Power LLC, effective upon the closing of the Company’s previously announced acquisition of assets from Reger Oil, Inc.
Reger founded Northern Oil and Gas in 2006 and helped build the company from inception into a publicly traded energy business. During its 2018–2019 recapitalization and turnaround, he played an instrumental role in a $650 million recapitalization and approximately $850 million in acquisitions. Northern Oil and Gas has continued to grow and today has a market capitalization of approximately $2.9 billion.
Reger will now bring that energy-sector, transaction, and public-company experience to Callan Power as the subsidiary advances its strategy across oil and gas development, energy resilience, grid reliability, and domestic manufacturing of transformers and other critical electrical equipment.
Callan Power plans to establish its headquarters at the Atlas Complex in Marion, Alabama, with additional manufacturing operations planned in Brewton.
As electricity demand grows across utilities, data centers, AI infrastructure, advanced manufacturing, and other energy-intensive sectors, Callan Power is being built to help strengthen domestic energy production, electrical infrastructure, and American supply chains.
Read the full announcement: www.globenewswire.com/news-release/2026/08/24/3349734/0/en/callan-jmb-retains-northern-oil-and-gas-founder-michael-reger-as-president-of-callan-power-northern-oil-and-gas-now-valued-at-approximately-2-9-billion.html