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.
Former Enron Corp. CEO Jeffrey Skilling has been holding meetings, hoping to win backing for a new energy venture, the Wall Street Journal reported citing unnamed sources.
Private equity firm KKR & Co. Inc. said on Dec. 26 it and Alberta Investment Management Corp. would jointly buy a 65% stake in TC Energy Corp.'s Coastal GasLink Pipeline in Canada.
Last year, Iberdrola sold a stake in a solar thermal plant in south-central Spain, leaving it with no solar capacity in its home country.