SES - Kosmos Energy Highlights - July 2, 2020Kosmos Energy entered a crude oil prepayment agreement with Trafigura Trading LLC. The agreement provides up to $200 million of crude oil sales primarily related to a portion of the company's 2022 and 2023 Gulf of Mexico production, with $150 million committed by Trafigura. Kosmos expected to execute $50 million of advance crude oil sales in June. Later this year, following the completion of the prepayment agreement conditions, an additional $100-150 million of advance crude oil sales is...
Jul 02, 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
IS - People & Companies - November 26, 2019Ukraine-focused Cadogan Petroleum plc appointed Fady Khallouf CEO. Khallouf, who has over 35 years of industry experience, was most recently CEO and CFO of renewable energy company Futuren S.A. Cadogan also named Lilia Jolibois as independent non-executive director and Jacques Mahaux as non-executive director. CNOOC Ltd. named Xu Keqiang CEO, effective Nov. 19. He was previously the state-controlled company’s executive director and president. Keqiang joined the company in 1996 and...
Nov 26, 2019
A&D - People & Companies - November 21, 2019Approach Resources announced the resignations of Morgan D. Neff and Matthew D. Wilks from its board of directors, effective Oct. 31 and Nov. 1, respectively. Centennial Resource Development elected Steven J. Shapiro director. He is currently a senior advisor to Outfitter Energy Capital and serves on the advisory board for Pickering Energy Partners LP. EQT Corp. named Todd M. James chief accounting officer, effective Nov. 4. He succeeds Jeffrey C. Mitchell, current principal...
Nov 21, 2019
CM - People & Companies - November 15, 20193Bear Energy, LLC named Craig Harris CEO to succeed founder Bob Clark, who will remain as chairman of the board. Harris is former EVP and COO of Enable Midstream Partners, and has held various managerial roles at Columbia Pipeline Group, Ni Source, and El Paso Corp. Antero Resources Corp. elected Vicky Sutil and Tom Tyree as Class III and Class I directors, respectively. Sutil was VP of commercial analysis for a California Resources Corp. marketing unit and also worked with Occidental...
Nov 15, 2019
CM - People & Companies - October 4, 2019Alta Mesa Holdings GP, LLC announced that interim CEO James T. Hackett resigned from that role on Sept. 10 but will continue as executive chairman of Alta Mesa Resources, Inc. The GP is the general partner for Alta Mesa Holdings, LP and filed for bankruptcy together with Alta Mesa Resources. Basic Energy Services, Inc. announced that president, CEO and director TM Roe Patterson is transitioning away from the company but will stay through the appointment of his successor. Also,...
Oct 04, 2019
A&D - People & Companies - August 08, 2019Comstock Resources expanded its
board of directors to include Covey Park
Energy’s former co-CEO John Jacobi
and Jordan Marye, a managing partner of
Denham Capital. Denver-based Extraction Oil & Gas
announced the resignation of former US
Commerce Secretary Donald L. Evans
from its board, citing personal reasons.
He served on the board since December
2016, during which time the company
grew to become one of the largest acreage
holders and producers in Colorado. Halcón...
Aug 08, 2019
CM - People & Companies - August 02, 2019Alta Mesa Resources, Inc.
announced that VP and chief accounting
officer Ronald J. Smith was terminated
effective July 19. Baker Hughes, a
GE company named Jud
Bailey VP of investor relations, succeeding
Philipp Mueller, who resigned. Bailey joins
BHGE from Wells Fargo Securities. Chaparral Energy, Inc. elected
Marcus Rowland interim chairman of the
board effective July 25. He replaces Robert
F. Heinemann, who resigned on July 10. Comstock Resources expanded its
board of...
Aug 02, 2019
PS - People & Companies - July 29, 2019Alta Mesa Resources and Ronald
J. Smith, VP and Chief Accounting
Officer, came to a mutual understanding
with respect to Mr. Smith’s
separation from the company
and all positions with each of
the company’s affiliates, including Alta
Mesa Holdings GP, LLC, the general
partner of Alta Mesa Holdings, LP, which
will occur effective July 19. Comstock Resources completed
its acquisition of Covey Park Energy.
Comstock's board was expanded following
the merger to include Covey Park's...
Jul 29, 2019
ID - People & Companies - March 06, 2019John Verity, president of ExxonMobil
Chemical Company, is retiring after 38
years with the company. Effective April 1,
Karen McKee, SVP for basic chemicals,
will assume Verity’s role. McKee
joined Exxon in 1990. Kosmos Energy’s chief exploration
officer and founding partner Brian F.
Maxted retired from the company on
Feb. 15. He will remain on the board as
a special advisor on matters related to
exploration. Tracey Henderson assumed
the role of chief exploration officer. She
joined the...
Mar 06, 2019
IS - People & Companies - December 13, 20183D Oil Ltd. named Stefan Ross
as joint company secretary, effective
Nov. 23. He will fill the role along with
Melanie Leydin. Ross has more than
nine years of experience in accounting
and secretarial services for ASX-Listed
companies. His experience includes
ASX compliance, corporate governance
control and implementation, and statutory
financial reporting. Bill Stubbs retired as non-executive
director of Armour Energy Ltd. He was
named to the board when the company
formed as a...
Dec 13, 2018
PS - People & Companies - October 19, 2018Louisiana-focused E&P firm Empire
Petroleum announced the election of CEO
Tommy Pritchard to its board. A longtime
energy investment banker, Pritchard was
hired to lead Empire in late 2017 after
the company retained his firm Pritchard
Griffin Advisors to advise it on potential
mergers, JVs and acquisitions. Falcon Minerals Corp. named
Stephen J. Pilatzke as chief accounting
officer. Pilatzke was CEO of refined
products company Arc Logistics Partners
from its 2013 IPO until its sale to...
Oct 19, 2018
Blackstone & Warburg sell $290MM in Kosmos commonKosmos Energy Ltd. said funds affiliated with private equity giants Blackstone Group LP and Warburg Pincus LLC sold 40 million of its common shares in a public offering at $7.25 a share through sole underwriter Barclays. Blackstone affiliated funds accounted for 30 million of the total and funds affiliated with Warburg the remainder. The company’s stock closed at $7.84 a share on NYSE trading on May 22, the day the offering was announced. The company did not disclose whether the...
Jun 01, 2017
Who's Hot, Who's Not - August 15, 2013Upgrades:• Baker Hughes Inc. (BHI/$47.53/$39.44/$50.97/$21.06B) from Market Perform to Outperform by Cowen.• Baker Hughes Inc. (BHI/$47.53/$39.44/$50.97/$21.06B) from Sell to Hold by Argus.• Berry Petroleum Co. (BRY/$40.96/$30.21/$48.99/$2.26B) from Hold to Buy by Wunderlich.• Cabot Oil & Gas Corp. (COG/$75.50/$40.30/$78.07/$15.88B) from Hold to Buy by Stifel.• Cabot Oil & Gas Corp. (COG/$75.50/$40.30/$78.07/$15.88B) from Sector Perform to...
Aug 15, 2013
PS - Gulf of Mexico Briefs - March 21, 2019On Louisiana’s Outer Continental
Shelf, GulfSlope Energy’s Tau prospect
has drilled through 7,000 ft of salt
where high pressures and
hydrocarbons near the base
of salt were encountered
and significant mud losses occurred. The
interval has been treated with lost
circulation materials and cement. The
company is currently tripping for a different
drilling assembly to clean out the existing
wellbore and possibly run casing prior
to drilling below salt. Tau is the first of
eight drill-ready...
Mar 21, 2019