Carrie M. Fox, vice president of business development at California Resources Corp. (CRC), is today’s featured Forty Under 40 honoree.
Earlier than she expected and with 10 years of experience, Fox was promoted to vice president of business development for CRC, the largest, publicly traded oil and gas producer in California, where she proved instrumental in negotiating and closing over $2 billion in deals for the company.
“Learning how to overlay the value proposition of the company with our potential partners’ needs, strategically allocate risk, negotiate definitive documents and limit the organizational burdens of equity investment was critical to our company’s success at the time,” she said.
“The proceeds generated from the midstream joint venture with Ares and Development Resources Capital were parlayed into our acquisition of Chevron’s interest at Elk Hills,” she continued. “Together these deals were awarded the S&P Global Platts, Global Energy Award’s ‘Corporate Deal of the Year’ in 2018.”
Fox recently left CRC to start her own business, Cygnet Resources.
2023-01-30 - Despite large-cap publics such as Devon Energy, Diamondback and Marathon Oil dominating M&A in 2022, the overall deal count fell to the lowest level since 2005, according to Enverus.
2022-12-12 - The 560-km Key Access Pipeline Systems connects Canada's Montney and Duvernay fields with Keyera Corp.'s Fort Saskatchewan NGL processing facilities.
2022-12-20 - "Through the introduction of Mercuria as a new strategic investor, we will be differentially positioned to take advantage of the opportunities we expect to arise through industry consolidation, the North Sea transition deal and potentially overseas," Serica's Mitch Flegg said.
2022-12-22 - In return for storing for Saudi Aramco, Japan has a priority claim on oil stocks in an emergency.
2023-01-12 - Bangchak Corp. will buy Esso Thailand shares at an indicative price of 8.84 baht per share, putting the firm's enterprise value, which also includes debt and cash, at 55.5 billion baht based on its third quarter earnings.