Company Profiles

Company Profiles , Drilling

National Oilwell Varco Changes Name to NOV Inc.

National Oilwell Varco Inc. revealed plans to change its corporate name to NOV Inc., effective January 1, 2021. The company’s ticker symbol, NOV, will remain unchanged.

December 22, 2020

Company Profiles , Midstream

Tumbleweed Midstream Spotlight: High on Helium

Durell Johnson, CEO of Tumbleweed Midstream, turned to an ‘old friend’ to carve out a successful niche in an otherwise dismal year for midstream.

December 17, 2020

Company Profiles , DUG East , Marcellus–Utica Midstream , Unconventional , Shale Plays , Trends , Mergers

Virtual DUG East: CNX Resources’ Nick Deluliis Talks M&A and ‘Reckonings’

While not addressing rumors of possible mergers involving CNX Resources, the industry veteran offered ‘hard truths’ on successful combinations in the Appalachian Basin during Hart Energy’s DUG East and Marcellus-Utica Midstream Virtual Conference.

December 2, 2020

Public Capital , Company Profiles , Shale Plays , Acquisitions & Divestitures , Trends

EQT CEO Toby Rice Promotes Massive M&A in Appalachia

A year into remodeling EQT into an efficiency powerhouse, Toby Rice hangs out a “we buy Marcellus” placard with consolidation the goal.

December 1, 2020

Company Profiles , Digital Oilfield

E&P Exec Q&A: Schlumberger’s Hinda Gharbi Believes Shifting Industry Trends Have Accelerated

Efficiency, responsiveness, innovation and digitalization are among the factors that will shape the future of the oil and gas industry, according to Hinda Gharbi, EVP of service and equipment with Schlumberger.

November 23, 2020

Private Equity , Company Profiles

Apollo-backed SPAC Looks to Raise $250 Million in IPO

A blank-check company backed by private equity firm Apollo Global Management Inc. is looking to raise $250 million in a U.S. IPO, the company said on Nov. 23.

November 23, 2020

Company Profiles , Exploration & Production , Drilling

Northeast Natural Energy Extends Credit Facility’s Maturity Date

Private oil and gas company Northeast Natural Energy has entered into an amendment on Nov. 23 with its senior lending group led by EIG Global Energy Partners to extend the maturity of its current credit facility to December 2023 and provide significant additional liquidity to the company to execute on its go-forward business plan.

November 23, 2020

Company Profiles , Exploration & Production , Shale Plays

Shale Producer Pioneer Natural to Reinstate CEO Pay after Pandemic-Fueled Cut

Shale producer Pioneer Natural Resources Co. said on Nov. 20 it would reinstate full salaries of its CEO and other executives in 2021, after cutting them earlier this year as the COVID-19 pandemic crushed oil prices.

November 20, 2020

Company Profiles

Varel Energy Solutions Unveils Rebrand; Recommits to Innovation in Drilling, Downhole Solutions

Varel International Energy Services (Varel), a long-standing provider of drilling and downhole solutions, revealed its redefining vision on Nov. 16 for business growth supported by a fresh, new brand enabling a strong narrative around Varel’s people, approach and customer experience.

November 18, 2020

Company Profiles , Exploration & Production , Shale Plays

E&P Operator Spotlight: Goodrich Petroleum President and COO Details Company’s Plans

Confidence in gas prices and low service costs solidify Goodrich Petroleum’s 2021 operations in the Haynesville Shale.

November 17, 2020