PS - People & Companies - June 24, 2020ExxonMobil Upstream Business Development Co. president Steve Greenlee will retire July 1 after more than 38 years with the company. Linda DuCharme, president of ExxonMobil Upstream Integrated Solutions Co., will replace him, while also being elected VP of Exxon Mobil Corp. and retaining her current role. Falcon Minerals added Claire Harvey and Daniel Herz to its board as Class III directors. Harvey is the CEO of non-op E&P firm Gryphon Oil & Gas. Herz is president and CEO of Falcon....
Jun 24, 2020
IS - Origin suspends work on Kyalla well and increases interest - April 2020Origin Energy and partner Falcon Oil & Gas have suspended operations in Northern Australia’s Beetaloo sub-basin, where they are drilling the Kyalla exploration well on license EP117. Falcon said drilling operations at the well site were already completed, including cementing and casing of the lateral section. Site activity is minimal and includes road works, the installation of water-monitoring bores and packing down the rig to move it to the side of the lease. Work on the well is expected...
Apr 15, 2020
CM - People & Companies - April 3, 2020Amazing Energy Oil and Gas Co. named Benjamin Jacobson III CFO effective Feb. 13, succeeding Marty Dobbins, who resigned. Prior to joining Amazing Energy, Jacobson co-founded ICP, LLC, which invests in E&P companies. Apache Corp. appointed Clay Bretches EVP, Operations, a promotion from SVP Operations. He will also continue to serve as CEO and a director of Apache subsidiary Altus Midstream Co., which he has done for over a year. Basic Energy Services, Inc. has reconfigured its...
Apr 03, 2020
PS - People & Companies - March 9, 2020Centennial Resource Development chairman and CEO Mark Papa will retire May 31. He will be replaced by VP and COO Sean R. Smith as CEO, and director Steven J. Shapiro will become nonexecutive chairman. Smith will also be appointed to the board; he formerly was VP of geoscience at the privately held Centennial. Shapiro has more than 40 years of financial and operation experience, most recently as CFO at Burlington Resources. Hunt Oil promoted Travis Armayor to CFO. He joined the company...
Mar 09, 2020
A&D - Viper’s dropdown sheds light on active royalty M&A - August 2019Strong deal activity for royalty and
minerals assets has been a bright spot
in a US upstream M&A market that is still
finding its footing overall. Deal value for
these types of transactions has totaled
$2.2 billion YTD. Viper Energy Partners
is one of six major publicly traded minerals
and royalty interest entities focused on
asset growth, as manifested by its $700
million acquisition of Permian royalty
assets in a dropdown from Diamondback
Energy. The total market cap of these
six...
Aug 08, 2019
A&D - Mosman farms out stake in East Texas project to Xstate - May 2019Australia-listed Xstate Resources Ltd. is diversifying its US portfolio, striking a
deal with London-listed Mosman Oil & Gas Ltd. to farm into a portion of Mosman’s
non-operated 60% WI in the Champion project in East Texas. Mosman said there is
established oil and gas production and infrastructure in the area, with
several prospects identified using 3D seismic, including the Falcon and
Galaxie prospects. An area entry for Xstate, the deal adds to its US assets in
California’s...
May 15, 2019
PS - People & Companies - May 02, 2019Big Star Energy, oil and gas
exploration and production company with
operations in Dawson County, Texas,
appointed Trent Spry as an executive
director. He has previously worked with
BHP Petroleum, Woodside Energy, RPS
Energy and Entek Energy. Chaparral Energy Inc. appointed
Marcus “Marc” Rowland to serve as an
independent director of the board, effective
April 10 to succeed David
Geenberg who resigned as a
member of the board on March
11. Rowland is the founder and senior
managing...
May 02, 2019
Origin plans two wells for Australia’s Beetaloo BasinAustralian utility Origin Energy released an updated drilling program for Australia’s Beetaloo Basin, with plans to drill two horizontal wells in 2019, minority partner Falcon Oil & Gas reported. The previous drilling plan called for one vertical and two horizontal appraisal wells in the 18,500 sq km permit area in Australia’s Northern TerritoryOrigin Energy signed a contract with Ensign Energy Services for Rig 963 for the 2019 Stage 2 drilling program at the Beetaloo project. The...
Jan 31, 2019
Williston buy crystallizes SPAC enthusiasmVantage Energy Acquisition Corp.’s $1.65 billion acquisition of QEP Resources’ Williston portfolio marks the fifth US upstream SPAC deal since the oil price downturn began in late 2014 and the third such deal of 2018. Notably, these blank-check companies have given some of the most highly regarded and proven industry executives a chance to build a company per their vision from the ground up. Vantage is no exception to this rule, as it is led by Roger Biemans, formerly president of...
Nov 21, 2018
PS - People & Companies - November 8, 2018ConocoPhillips announced the retirement of Al Hirshberg as EVP of production, drilling and projects after more than eight years with the company and 35 years of industry service. Concurrently, the company announced a realignment of executive leadership responsibilities. Effective Jan. 1, Matt Fox, currently EVP of strategy, exploration and technology, will become EVP and COO, while Don Wallette Jr., currently CFO and finance and commercial EVP, will be EVP and CFO. Falcon Minerals Corp....
Nov 08, 2018
A&D - A&D News Briefs - May 1, 202088 Energy made an unsolicited takeover offer for fellow Australia-listed Alaska explorer XCD Energy. 88 Energy is offering 1.67 of its new shares for each XCD share, and 0.5 new shares for each XCD listed option held. The value of the bid is A$6.3 million ($4.03 million) after backing out an A$1.2 million working capital surplus. XCD has 195,373 acres (100% WI) on Alaska’s North Slope on trend with ConocoPhillips’ Willow oil discovery. Net mean prospective resources are 1.6 Bbbl. 88 Energy’s...
May 01, 2020
IS - News Briefs - January 21, 2020Kuwait Oil Corp. has floated an international tender process to select an engineering consultant for the onshore Jurassic expansion project, Upstream reported. Bids are expected to be due by March with a contractor selected by the middle of the year. The winner will help KOC with design engineering services and health, safety and environment studies for process facilities, existing facility revamps, pipelines and manifolds. The project was put on hold in 2017 as Kuwait wanted to optimize costs....
Jan 21, 2020
IS - Oceania Briefs - October 15, 2019Buru Energy spudded the Miani-1 exploration well onshore Western Australia on PL L8 70 km east of Derby and 30 km northwest of the Blina oil field. The company will drill the well to a total depth of 2,400 meters and is targeting best estimate prospective resources of 17 MMbo in a stratigraphic trap formed by a fault-bounded collapse feature. Buru has 100% WI in the well and license area. Comet Ridge finished work on the Albany-2 well on the ATP 744 license onshore Queensland. The upper...
Oct 15, 2019
PS- People Briefs - September 06, 2018 Anadarko promoted SVP, General
Counsel, Corporate Secretary and Chief
Compliance Officer Amanda McMillan
to EVP and General Counsel
effective immediately. McMillan,
who has worked at Anadarko
since 2004, will take over
responsibilities of Law EVP and Chief
Administrative Officer Bobby Reeves,
who is retiring at year’s end. Apache promoted Human Resources
Director Emily McClung to VP of
community partnerships and employee
engagement following the
retirement of Government
Affairs...
Sep 06, 2018
CS - U.S. & International Briefs - September 06, 2018Advantage Oil & Gas announced
plans to delist from the New York Stock
Exchange after its board
determined the costs of a dual
listing outweigh the benefits.
The company will continue to list on the
Toronto Stock Exchange. The company
plans to file paperwork with the U.S. SEC
to voluntarily delist around Sept. 20. PentaNova Energy consolidated its
shares on a 10:1 basis and changed its
name to CruzSur Energy
Corp. effective Sept. 4. The
company consolidated and
converted about 5.6...
Sep 06, 2018