Welcome!

News Feed Item

Pioneer of Environmental Sustainability in the Hydraulic Fracturing Sand Industry: Michael G. O'Neill, Founder and CEO of Preferred Sands, Named Ernst & Young National Entrepreneur Of The Year® 2012 Energy, Cleantech and Natural Resources Category Award w

O'Neill honored for leadership and innovation in sustainable hydraulic fracturing methods

RADNOR, Pa., Nov. 18, 2012 /PRNewswire/ --  Michael G. O'Neill, Founder and CEO of Preferred Sands, has been named the Ernst & Young National Entrepreneur Of The Year® 2012 Energy, Cleantech and Natural Resources Category Award winner. The Ernst & Young Entrepreneur Of The Year Award is the country's most prestigious business award for entrepreneurs. The award encourages entrepreneurial activity and recognizes leaders and visionaries who demonstrate innovation, financial success and personal commitment as they create and build world-class businesses.

O'Neill's business strategy – combined with his team's collective core competencies and expertise in engineering, finance and environmental compliance – catapulted Preferred Sands first to market with innovative and environmentally sensitive clean fracturing sand. He was honored at the Entrepreneur Of The Year gala, the culminating event of the Ernst & Young Strategic Growth Forum® in Palm Springs, Calif. The Forum is the nation's premier gathering of high-growth, market-leading companies. Awards were given in nine additional categories. All Ernst & Young Entrepreneur Of The Year Award winners were selected by an independent panel of judges from 244 regional Award recipients. 

"In an industry that is often scrutinized over environmental issues, O'Neill and his team have found a way to enter as market innovators, bringing many new developments into the supply of sands into this industry that is so important for our energy needs," said Bryan Pearce, Americas Director, Entrepreneur Of The Year, Ernst & Young LLP. "O'Neill's leadership ability, as well as the investment he's made in his people and community, has allowed him to create a highly efficient and motivated team that is poised for continued future growth."

From banking to real estate to start-up

Before becoming a mining entrepreneur, O'Neill was both a Philadelphia banker and a redevelopment-focused real estate pioneer. In 1984, he began his career with First Pennsylvania Bank as a lender to aggregate and mining companies. Little did O'Neill know just how impactful the mining network and skill set he developed at the bank would be just a decade later.

After leaving the bank, he leveraged his ever growing business acumen to start his own company, O'Neill Properties, with his brother Bryan, which helped spawn the birth of Preferred Real Estate Investments in 1992. The company bought old industrial buildings and repurposed them into high-end corporate office buildings. O'Neill became a transformational force in renovating industrial properties, and from 1992 until 2005, he grew Preferred Real Estate Investments into a market leader in adaptive reusable real estate. However, O'Neill, just like many great entrepreneurs, was already looking around the corner and anticipating the next hurdle. He recognized the cyclical and macroeconomic risk of the real estate industry and the high potential for a significant downturn. In 2005, during the peak of the real estate boom, he capitalized on the inflated market and divested the majority of the company's portfolio. O'Neill and his management team then found themselves with capital and a clean canvas to paint the next company's future.

In December 2007, during the onset of what has become one of the largest recessions in our country's history, O'Neill led his team to create Preferred Sands, an owner-operated frac sand and proppant company, providing the widest array of proppants to the oil and gas industry.

O'Neill's insight and vision has led Preferred Sands to dramatically increase its revenue in just over three years.

Community philanthropist

O'Neill believes that every business is a people business. His people philosophy is hire good people, invest in them and empower them. As an avid supporter of the Philadelphia community, he is active in education-focused charitable organizations, and the company matches employee charitable donations dollar-for-dollar.

Preferred Sands' national footprint and strategically developed reserves have given the company a competitive advantage over its rivals, and O'Neill continues to position the company for innovative growth.

Entrepreneur Of The Year 2012 Energy, Cleantech and Natural Resources Category finalists

In addition to O'Neill, the Ernst & Young National Entrepreneur Of The Year Energy, Cleantech and Natural Resources finalists were: Lynn Jurich, President & Co-founder, and Edward Fenster, CEO and Co-founder, Sunrun, based in San Francisco, Calif., the nation's leading solar power company; Sidney Hinton, CEO, PowerSecure International, Inc., based in Wake Forest, N.C., providers of energy technologies and services to electric utilities and their large industrial, commercial, institutional and municipal customers; and Cindy Taylor, President and CEO, Oil States International, Inc., based in Houston, Texas, designer, manufacturer, distributer and servicer of highly engineered products for sub-sea pipelines and offshore production platforms.

National Entrepreneur Of The Year® 2012 Overall Award winner

Hamdi Ulukaya, Founder of Chobani, was named the Ernst & Young National Entrepreneur Of The Year® 2012 Overall Award winner.

Video and photos

To view video clips of all of the Entrepreneur Of The Year winners, please visit ey.com/us/eoy. Photos of the winners are also available by request.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored in the United States by SAP America and the Ewing Marion Kauffman Foundation.

About Ernst & Young's Entrepreneur Of The Year

Ernst & Young's Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in 50 countries.

About Ernst & Young LLP's Strategic Growth Markets practice

Ernst & Young LLP's Strategic Growth Markets (SGM) practice guides leading high-growth companies. Our multidisciplinary team of elite professionals provides perspective and advice to help our clients accelerate market leadership. SGM delivers assurance, tax, transactions and advisory services to thousands of companies spanning all industries. Ernst & Young is the undisputed leader in taking companies public, advising key government agencies on the issues impacting high-growth companies and convening the experts who shape the business climate. For more information, please visit us at ey.com/us/strategicgrowthmarkets, or follow news on Twitter at EY_Growth.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit ey.com.

This news release has been issued by Ernst & Young LLP, a client-serving member firm of Ernst Young Global Limited operating in the US.

 


 

SOURCE Ernst & Young

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that SD Times | BZ Media has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and commercial UAV markets.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
In the first article of this three-part series on hybrid cloud security, we discussed the Shared Responsibility Model and examined how the most common attack strategies persist, are amplified, or are mitigated as assets move from data centers to the cloud. Today, we’ll look at some of the unique security challenges that are introduced by public cloud environments. While cloud computing delivers many operational, cost-saving and security benefits, it takes place in a public, shared and on-demand ...
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin, ...
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...