Houston’s Battalion Oil Corp. has appointed Matt Steele as CEO following the resignation of former CEO Richard Little, who plans to “pursue other opportunities,” the company said in an April 3 press release.
Battalion Oil Chairman Jonathan Barrett said Steele brings extensive E&P experience “including capital allocation, operations and internal value creation.”
He also offered his thanks to Little, citing the company’s ability to reach “numerous objectives” as it focused on organic value creation opportunities.
Steele was most recently the CEO of Bruin E&P Partners, a Bakken-focused E&P. During the past decade, he also served as CEO of Ursa Resources and Bruin E&P.
Steel additionally serves on the boards of Bruin Management LLC, Bowline Energy LLC, Carbon Path LLC and the Honors College and Advisory Board at the University of Houston. Little said he enjoyed his time at Battalion Oil and was proud of the progress of the company over the past few years.
Little said in the press release that he appreciated the opportunity he “was given, and there’s no doubt that the talented team at Battalion will continue to do great things. I wish them only the best.”
Recommended Reading
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-21 - 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.
President: Financial Debt for Mexico's Pemex Totaled $106.8B End of 2023
2024-02-21 - President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex at a government press conference.
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
2024-02-11 - Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.