SPAC Led By Former RSP Permian Execs Launch $300 Million IPO
Switchback Energy, headed by former RSP Permian CFO Scott McNeill, intends to focus its search for an acquisition target on the energy industry in North America.
July 22, 2019
Public Capital
Bakken EURs ‘Reign Supreme’ Despite Permian Popularity
Bakken operators with the highest oil EURs in 2018 were Marathon Oil, WPX Energy and Continental Resources, according to a recent Seaport Global report.
July 22, 2019
Occidental Petroleum Slams Carl Icahn Board Slate
"None" of Icahn's nominees "possess skills, experience or expertise that are additive or superior to our existing directors," wrote Occidental CEO Vicki Hollub and Chairman Eugene Batchelder.
July 22, 2019
Halliburton Profit Beats On International Demand
Oilfield service companies, including Halliburton, have been relying more on demand from international markets, which has recovered after a prolonged slump in oil prices.
July 22, 2019
Range Narrows Appalachia Footprint With $634 Million Asset Sales
By the time the divestitures close, Range CEO Jeff Ventura said the oil and gas producer will have executed a $1 billion reduction in debt over the past year.
July 19, 2019
Oilfield Services Giant Schlumberger Names Olivier Le Peuch As CEO
Additionally, Mark Papa will become chairman of the Schlumberger board as Paal Kibsgaard, the company’s current CEO and chairman, retires.
July 19, 2019
SM Energy Raises Production, Lowers Spending Guidance
E&P companies have been producing more but spending less, looking to please shareholders and improve finances.
July 18, 2019
Whiting Names Correne Loeffler As CFO Michael Stevens’ Successor
Whiting Petroleum CFO Michael Stevens will be replaced by Correne Loeffler, who joins the company from Callon Petroleum which recently announced a multibillion-dollar acquisition.
July 18, 2019
Comstock Resources Wraps Up Purchase Of Haynesville Operator Covey Park
Covey Park co-CEO John Jacobi and Denham Managing Partner Jordan Marye joined the Comstock Resources board following the completion on July 16 of the roughly $2.2 billion acquisition.
July 17, 2019
Under The Microscope: E&P Executive Comp Falls In Line
Lonestar Resources and Whiting Petroleum were among the operators that scored the best in a recent Cowen report on E&P management compensation.
July 16, 2019