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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
PHX Minerals’ Borrowing Base Reaffirmed
2024-04-19 - PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-19 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.