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Editor's note: This "On the Move" section appears in the new E&P newsletter. This weekly section highlights new hires, appointments, retirements and promotions as well as company news such as new office locations and major M&A deals. Submit your company news to Ariana Hurtado at ahurtado@hartenergy.com. Subscribe to the E&P newsletter here.
PEOPLE
Southwestern Energy Co. has selected Carl Giesler Jr., formerly CEO of SandRidge Energy Inc., as its next CFO. Read more here.
Exxon Mobil Corp. said July 19 it had tapped Kathryn Mikells to replace outgoing CFO Andrew Swiger. Swiger, senior vice president of Exxon Mobil who has served as principal financial officer for the corporation since 2013, announced his intention to retire, effective Sept. 1, after more than 43 years of service. Read more here.
Scout Clean Energy LLC has strengthened its executive leadership team by adding renewables industry veteran John Clapp as CFO.
NGP has hired David Colt and Maritza Liaw as partners to focus exclusively on energy transition investing through NGP ETP, the Dallas-based firm’s energy transition platform. Read more here.
Airswift's Albert Kahlow has been promoted to global sales director, IT and technology.
The board of directors of Phillips 66 has appointed Denise R. Cade and Douglas T. Terreson to serve as independent directors.
Foster Marketing, a marketing communications firm serving the global energy industry, has appointed Tiffany Harris CEO and president. She replaces George Foster, the firm’s founder, who will stay on as chairman of the board and minority stockholder.
COMPANIES
Oil billionaires Dan and Farris Wilks have taken around a 10% stake in hydraulic fracking firm U.S. Well Services, according to a regulatory filing, bringing their total investment to $47.5 million in the past month. Read more here.
ServiceMax, a provider of asset-centric field service management, has signed a definitive agreement to acquire LiquidFrameworks, a mobile field operations management solutions company specializing in the energy industry, from Luminate Capital Partners, a private-equity firm investing in growth and enterprise software companies. The acquisition enables ServiceMax to expand its field service management solutions to meet the unique challenges of the energy sector.
Recommended Reading
Eni, Vår Energi Wrap Up Acquisition of Neptune Energy Assets
2024-01-31 - Neptune retains its German operations, Vår takes over the Norwegian portfolio and Eni scoops up the rest of the assets under the $4.9 billion deal.
NOG Closes Utica Shale, Delaware Basin Acquisitions
2024-02-05 - Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
DXP Enterprises Buys Water Service Company Kappe Associates
2024-02-06 - DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
Pioneer Natural Resources Shareholders Approve $60B Exxon Merger
2024-02-07 - Pioneer Natural Resources shareholders voted at a special meeting to approve a merger with Exxon Mobil, although the deal remains under federal scrutiny.