BlackGold Capital said 72% of the net royalty acres in the acquired portfolio are leased by operators in the top quartile of active horizontal rig counts in the Midland Basin.
U.S. pipeline operator Kinder Morgan reported a 26% rise in quarterly profit on Jan. 22, benefiting from higher gas takeaway from Permian Basin through its Gulf Coast Express pipeline.
Collicutt Energy Services Ltd., Calgary, (Toronto: COH) reports Thomas E. Lewis has resigned as vice president, finance, and chief financial officer to pursue other personal and business interests. Cooper Cameron Corp., Houston, (NYSE: CAM) has named Lorne E. Phillips treasurer. Phillips was general manager of Cooper Cameron Valves Canadian operations. Dresser Inc., Austin, Texas, has named Neil H. Thomas worldwide president of its Dresser Wayne division, a supplier of fuel dispensers, pumps, peripherals and point-of-sale and site monitoring systems and software for the retail fueling industry. Thomas was president of...