CM - People & Companies - June 26, 2020Carbon Energy Corp. named Erich William Kirsch principal financial officer and principal accounting officer, effective June 11. Kirsch has served as SVP, finance and accounting since August 2019. Clean Energy Fuels Corp. elected Parker A. Weil director. Weil is vice chairman of investment banking at Cowen & Co. CONSOL Energy Inc. appointed Mitesh Thakkar CFO after his having served on an interim basis since Jan. 1. Mark Maki resigned from the board of DCP Midstream...
Jun 26, 2020
PS - People & Companies - January 26, 2020Apache is laying off 272 employees and closing its San Antonio office. The move comes as the company conducts a “comprehensive redesign” of its structure and plans to cut 10-15% of its workforce worldwide. Apache had been running its Alpine High operations out of the soon-to-be-closed office but will shift those responsibilities primarily to Houston and Midland. Denver-based Carbon Energy Corp. announced the addition of Yorktown Partners manager John A. Bailey to its board, replacing...
Jan 27, 2020
PS - People & Companies - January 6, 2020Baytex Energy announced that Mark Bly has been appointed chairman. Bly joined the board in 2017 and last March was appointed lead independent director and chair of the human resources and compensation committee. Bly is an independent businessman with over 35 years of experience in the oil and gas industry, primarily with BP. Chaparral Energy announced that its board has appointed Charles “Chuck” Duginski as president and CEO. Duginski succeeds K. Earl Reynolds in those roles as...
Jan 06, 2020
People & Companies - November 06, 2017John B. Frank was elected to
Chevron’s board of directors effective
Nov. 2 and will serve on the audit
committee. Frank, who
fills the vacancy left by the
resignation of Jon Huntsman
on Sept. 28, is vice-chairman of Oaktree
Capital Management and was
previously a partner with the law firm of
Munger, Tolles & Olson LLP. Delek US Holdings, Inc. and Delek
Logistics Partners LP announced that
Melissa Buhrig joined the
companies as EVP, general
counsel and secretary. She
was most...
Nov 06, 2017
Consol finds no consolation in lower commodity pricesConsol Energy Inc. is cutting 2015 capex to $800 million from the previous $1 billion mark and said it would stick to a 2016 budget of $400-500 million. These cutbacks preclude the company from drilling new oil and gas wells for the next year and a half, but Consol still expects gas production to jump 30% this year and 20% the next. It will also reduce its common stock dividend.The company said its goal was to generate free cash flow in the next 18 months as it coped with a Q2 net loss...
Jul 30, 2015
Four crackers proposed for Upper Ohio River ValleyLocal media reports that Shell Chemicals has decided to move forward with its Pennsylvania cracker plans after all. It will construct an ethane cracker plant in Potter Township, Pennsylvania, with an official announcement likely coming early next year, reports say. The $2.5 billion refinery will convert ethane sourced from the Marcellus Shale into ethylene and polyethylene. Though Shell still maintains it is reviewing the former Horsehead Corp. site for a prospective plant, the...
Oct 10, 2014
Who's Hot/Who's Not - April 03, 2014Upgrades:• Abraxas Petroleum Corp. (AXAS/$3.95/$1.99/$4.15/$365.57M) from Neutral to Accumulate by Global Hunter Securities.• Baker Hughes Inc. (BHI/$65.58/$42.60/$65.75/$28.67B) from Neutral to Buy by Goldman Sachs.• Callon Petroleum Co. (CPE/$8.35/$3.19/$9/$337.88M) from Sector Perform to Sector Outperform by Howard Weil.• Key Energy Services Inc. (KEG/$9.44/$5.61/$9.52/$1.44B) from Sector Perform to Sector Outperform by Howard Weil.• Martin Midstream...
Apr 03, 2014
Who's Hot, Who's Not --- As of May 9, 2013Upgrades:• Basic Energy Services Inc. (BAS/$14.30/$8.52/$16.60/$571.49M) from Accumulate to Buy by Global Hunter Securities.• CGG Veritas (CGG/$24.76/$20/$34.84/$4.37B) from Hold to Buy by Standpoint Research.• CONSOL Energy Inc. (CNX/#35.11/$26.41/$37.39/$8.03B) from Equal-weight to Overweight by Morgan Stanley.• EOG Resources Inc. (EOG/$136.08/$82.48/$139/$36.98B) from Hold to Buy by Stifel Nicolaus.• Marathon Oil Corp....
May 14, 2013
People & Companies Briefs - May 11, 2016American Energy-Woodford is now White Star Petroleum, having completed its transition to a standalone company separate from the late Aubrey McClendon’s American Energy Partners platform. Elliot Chambers was named CEO in addition to his CFO duties. VP of operations Joseph D. Craig has moved up to COO. White Star continues to be backed by The Energy and Minerals Group. Antero Resources announced the resignation of Christopher R. Manning from its board and the board of MLP affiliate Antero...
May 11, 2016
People & Company Briefs - August 17, 2015Houston-based Balidor Oil & Gas started up in July led by CEO Dave Baker, COO Brian Dorr and VP Steve Liles. Baker and Dorr both hail from Breitburn Energy Partners, where Baker served as operations SVP and Dorr was operations VP. Liles joins from Beta Offshore, a California-focused affiliate of Memorial Production Partners, where he was EVP and COO. Backed by $150 million from Kayne Anderson, Balidor will focus on the ArkLaTex, Mid-Con and Rockies.Consol Energy controller and VP...
Aug 17, 2015
People Briefs - May 23, 2014• Apache appointed Tom Yelich as staff VP of business development and Tim Custer as staff VP of land.• Armada Oil announced a few changes to the executive management team and board of directors: J. Clint Unru has been promoted to the position of COO after serving as the company's EVP of land and administration, Ray L. Unruh, who co-founded the company will now serve as EVP, James J. Cerna, Jr. has resigned as president in order to pursue other opportunities but will...
May 23, 2014
People Briefs - May 21, 2014• Approach Resources Inc. has promoted Uma L. Datla to CAO after joining the company in 2013 as Director of Financial Reporting.• Big Sky Petroleum announced Sam Nastat's resignation from the company to pursue other endeavours, and Mark T. Brown's appointment as interim president and CEO while the board searches for a new CEO. Brown previously served as CFO. In addition, the company announced Winnie Wong's appointment as interim CFO. Wong is currently the CFO of other TSXV issuers,...
May 21, 2014
People & Company Briefs - April 03, 2014• Bonanza Creek Energy announced the retirement of engineering & planning EVP and board member Gary A. Grove.• Callon Petroleum expanded its board, appointing two independent directors, Matthew Regis Bob and James M. Trimble. Bob is a managing member of MB Exploration, and Trimble is is CEO and president of PDC Energy.• CONSOL Energy announced the following changes, effective May 7: chairman and CEO J. Brett Harvey will become executiv chairman. President Nicholas J....
Apr 03, 2014
People Briefs - January 31, 2014• Bering Exploration Inc. has changed its name to Breitling Energy Corp. They have also changed their stock ticker to BECC.• Chesapeake Energy appointed Sheldon Burleson as engineering manager, business development.He previously served as engineering manager at Samson Resources.• Consol Energy appointed Timothy C. Dugan as COO for its E&P division.• Evolution Petroleum appointed Randall Keys as SVP, CFO, and treasurer.Both he and operations VP Daryl Manzzanti have also...
Jan 31, 2014
JV & Farm-Out Briefs - May 10, 2013• Australia's Austin Exploration entered an LOI with an disclosed party to farm out 30% of its operated 11,560- acre Pathfinder project targeting the Niobrara in Fremont Co., Colorado. If the deal moves forward, Austin's stake will be cut to 55% and it will be carried for 100% of D&C costs on the project's next two horizontal wells up to $6.0 million each.• Consol Energy reported that JV partner Noble Energy has raised concerns about title defects on 93,000 net acres within their...
May 10, 2013