New-play developer EOG Resources President Lloyd W. "Billy" Helms Jr. plans to retire May 31 after joining the company via a predecessor in 1981.
A Texas Tech petroleum engineering graduate, Helms is among the pre-1986-oil-bust generation to begin a career in oil and gas before a blight on energy-studies enrollment that ended with new U.S. shale career opportunities at the turn of the century.
Before being named EOG president in 2021, while additionally serving as COO, Helms led the E&P division as executive vice president from 2013 to 2017.
Previously, he ran EOG’s Canadian operations from Calgary and held engineering and acquisition roles.
He will depart the EOG board with more than 230,000 EOG shares and options, according to an EOG proxy statement filed in March.
"Billy has been a champion of utilizing innovation to constantly improve the company throughout his more than 40-year career with EOG," said Ezra Yacob, chairman and CEO.
"He encourages employees to pursue innovative ideas and creative solutions that utilize in-field technology, information technology and new processes to drill better wells for lower cost, more safely and with lower emissions.
“We're incredibly grateful to Billy for his leadership and for his contributions to EOG's culture of continuous improvement. We wish Billy the best as he and his wife pursue the next phase of their lives."
Recommended Reading
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
2024-05-04 - Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.