Noble completes $1.8 billion Rosetta debt exchange offerNoble Energy, Inc. said that July 29 was the final settlement date for exchange offers pertaining to three series of Rosetta Resources Inc. notes into identical ones with Noble as issuer. The exchange offers on the $1.8 billion aggregate principal amount of notes were executed in conjunction with the completion of Noble’s July 20 acquisition of Rosetta for $3.8 billion.Upon the July 27 expiration date of the exchange offers, Noble reported that 98.99% of holders of Rosetta’s $700...
Jul 30, 2015
What the Analysts are Saying About A&D - May 29, 2015Rosetta Resources (ROSE; $19.32–May 8; Outperform; Range: $26-$30) Noble acquires Rosetta. Positive for ROSE given premium and uncertain commodity tape. In our view, Rosetta didn’t need to sell, with solid liquidity and balance sheet in decent shape following March equity offering, and strong inventory in Delaware and Eagle Ford. We have clearly recovered from the bottom of the commodity sell-off, and while macro headwinds still exist, shareholders can participate in upside as NBL...
May 29, 2015
People Briefs - July 03, 2018TransCanada Corp. appointed
a new independent director, Randy
Limbacher. Since 2017, Limbacher has
been the CEO of advisory firm Meridian
Energy. He also has been CEO of Samson
Resources and Rosetta Resources as well
as EVP of Western Hemisphere E&P for
ConocoPhillips. Robert Powelson will resign his seat at
the Federal Energy Regulatory Commission
mid-August. Powelson, former president
of the National Association of Regulatory
Utility Commissioners, was nominated by
President...
Jul 03, 2018
People & Companies Briefs - September 1, 2016Anadarko has promoted Darrell Hollek, EVP of US onshore E&P, to EVP of operations, overseeing US onshore and offshore E&P and midstream operations as well as international. SVP for international exploration Ernie Leyendecker has been named EVP of international and deepwater exploration, replacing Bob Daniels, who will become EVP and a member of the executive committee until he retires later this year. Former EVP of international and deepwater operations Jim Kleckner is also...
Aug 31, 2016
People & Companies Briefs - August 24, 2016Concho Resources VP and chief accounting officer Brenda R. Schroer has been given the additional role of treasurer. Schroer joined Concho in 2013 after 14 years with Ernst & Young. Crestone Peak Resources, a Denver E&P firm formed by the Canada Pension Plan Investment Board and The Broe Group to acquire Encana’s DJ Basin assets, appointed Tony Buchanon as CEO and a director. Buchanon joins from DJ driller Bonanza Creek Energy, where he was EVP and COO. He also worked in the DJ as...
Aug 24, 2016
A&D Transactions - People & Companies Briefs - August 19, 2016Concho Resources VP and chief accounting officer Brenda R. Schroer has been given the additional role of treasurer. Schroer joined Concho in 2013 after 14 years with Ernst & Young.Crestone Peak Resources, the Denver E&P firm formed by the Canada Pension Plan Investment Board and The Broe Group to acquire Encana’s DJ Basin assets, appointed Tony Buchanon as CEO and to its board. Buchanon joins from DJ driller Bonanza Creek Energy, where he was EVP and COO. He also worked in the DJ as...
Aug 19, 2016
People & Companies Briefs - April 20, 2016Antero Resources announced the resignation of Christopher R. Manning from its board and the board of MLP affiliate Antero Midstream. Manning is a partner at Trilantic Capital Partners and has been on Antero’s board since 2005. There are no near-term plans to fill either vacancy.Acquisition company BlueStone Natural Resources II named VP of engineering Doug Redmond as COO. Redmond has more than 24 yearsof experience in the oil and gas industry and has served in his present role since the...
Apr 20, 2016
People & Companies Briefs - February 08, 2016BP announced a series of top management changes, including moving its upstream chief executive, Lamar McKay, up to deputy CEO to share duties with CEO Bob Dudley. The company’s BP America unit will report to McKay, who will help shape the company’s long-term strategy. Upstream COO Bernard Looney will replace McKay. EVP of corporate business activities Katrina Landis will retire May 1.Gastar Exploration said its SVP and COO Michael McCown has retired, effective Feb. 1. McCown began with...
Feb 08, 2016
People & Companies Briefs - January 19, 2016Williston Basin-focused Emerald Oil Inc. announced the resignation of James Russell “J.R.” Reger from its board after his position as vice chairman was not renewed. Reger in 2010 founded Voyager Oil & Gas, which acquired Emerald in July 2012 from its Australian parent company and subsequently took on its name. Emerald also appointed to its board Matt Sheehy, president and general manager of Tallgrass Energy Partners’ Rockies Express Pipeline. In addition, Ben Guill resigned from Emerald’s...
Jan 19, 2016
People Briefs - December 15, 2015Atlas Energy Group and Atlas Resource Partners named Matthew Skelly investor relations VP. Skelly served in the same role for Atlas Pipeline Partners from 2010 until this year’s merger with Targa Resources. He previously worked in the bank and thrift sector at JP Morgan and on cross-border IR consulting and capital markets intelligence at Taylor Rafferty. He replaces Brian Begley, who has served as IR VP at Atlas Energy and its predecessors since 2006 and is now joining an investment management...
Dec 15, 2015
People & Companies Briefs - December 03, 2015Atlas Energy Group and Atlas Resource Partners named Matthew Skelly as investor relations VP. Skelly served in the same role for Atlas Pipeline Partners from 2010 until its merger with Targa Resources earlier this year. He previously worked in the bank and thrift sector at JP Morgan and on cross-border IR consulting and capital markets intelligence at Taylor Rafferty. He replaces Brian Begley, who has served as IR VP at Atlas Energy and its predecessors since 2006 and is now joining an...
Dec 03, 2015
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
Capital Market Briefs - August 6, 2015• Noble Energy said it would lay off workers at the corporate level when it closes its $3.9 billion acquisition of Rosetta Resources. Noble didn’t disclose a number but other reports say 65 Rosetta workers will be let go. The deal includes a $1.8 billion assumption of Rosetta’s debt and a stock component under which Rosetta shareholders will receive 0.542 of a Noble share for each common share they own, valuing the shares at $26.62 each, a 28% premium to the average trading price over the month...
Aug 06, 2015
People Briefs - July 08, 2015• Apache announced the retirement of Rodney J. Eichler, EVP and executive advisor to the CEO, after 21 years with the company. Eichler played a significant role in growing Apache’s overseas businesses as international COO and, in particular, built its position in Egypt’s Western Desert as country manager. He also led Apache’s global LNG business and facilitated the April 2015 sale of that business as upstream CEO of the Kitimat LNG project. Before joining Apache in 1993, Eichler served as...
Jul 08, 2015
People & Company Briefs - July 06, 2015Apache announced that its EVP and executive adviser to the CEO, Rodney J. Eichler, is retiring. He spent 21 years with the company.Blackstone Minerals, LP, appointed Brent Collins to the position of VP, Investor Relations. Richard N. Papert will step down as director.JayHawk Energy announced that oil and gas attorney Jeff Bright has resigned as a member of the company’s board. Bright joined the board in 2008.Magnum Hunter board member Rocky L. Duckworth has resigned,...
Jul 06, 2015