DeAnn Craig, the first woman to hold the position of Society of Petroleum Engineers president, passed away Aug. 13. She was 68. Craig held the top role at Phillips Petroleum Resources Canada and was an adjunct professor of petroleum engineering at the Colorado School of Mines. She also served on the board of the Colorado Oil and Gas Conservation Commission.
Colin Elcoate has been appointed CEO of Alderley.
Paul F. Blanchard Jr. has stepped down as CEO, president and member of the board of Panhandle Oil and Gas Inc. Chad L. Stephens has been appointed to serve as interim CEO.
Dupré Logistics has named Brent Hebert chief administrative officer.
Saudi Arabia has appointed Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund known as the PIF, as chairman of Aramco, replacing energy minister Khalid al-Falih.
Halcón Resources Corp. has appointed Ragan T. Altizer executive vice president, CFO and treasurer, replacing Quentin R. Hicks, who has resigned from those positions.
Quentin R. Hicks has been named executive vice president and CFO of Gulfport Energy Corp.
Comstock Resources Inc. has welcomed Ronald Mills as vice president of finance and investor relations.
Northern Oil and Gas Inc. founder Michael Reger has stepped down as president to pursue opportunities outside the Williston Basin. He will continue to serve as chairman emeritus and will be available to assist as a consultant during this transition through March 2020.
Mike Fergusson has been named U.K. sales director of XL Group. Richard Dodunski has been appointed group operations director.
Xodus Group has appointed David Kennare field development director for the Asia-Pacific and Djamel Hamel and Chris Overton as principal consultants to the subsea integrity management team.
Neodrill has appointed Tony Smith business development manager for the U.S. and Mexico region.
HENDERSON has named Chris Naquin senior business development manager.
BP has appointed J.P. Fielder head of U.S. communications.
Vacuworx has named Bruce Williamson regional sales manager of southeast U.S.
Phil Vosper has joined PJ Valves as business development manager to support its ongoing growth in Europe, the Middle East and Africa.
McMenon Engineering Services has welcomed Gary Martin as divisional head, services and capabilities at its Workington manufacturing site.
Whiting Petroleum Corp. has appointed Lyne B. Andrich and Michael G. Hutchinson to its board of directors.
PV Fluid Products has begun operations at its new manufacturing facility in Houston. The new facility incorporates advanced rotor and stator manufacturing technologies, process automation, laser-assisted inspection and stringent quality control.
Drillinginfo has changed its corporate name to Enverus.
TechnipFMC has decided to separate into two independent companies. The board of directors unanimously approved its plan to spin off the company’s onshore/offshore segment into a separate business, referred to as SpinCo. As a result, the company’s remaining assets, RemainCo, will consist of a fully integrated technology and services provider.
Downhole Technology LLC and Resource Well Completion Technologies Inc. are scheduled to merge Oct. 1. The combined businesses will operate under the newly formed The WellBoss Co.
Amplify Energy Corp. and Midstates Petroleum Co. merged Aug. 6.
geoLOGIC systems Ltd. has acquired TOP Analysis Ltd., a provider of Canadian thermal oil sands critical information and competitive intelligence.
Hunting Plc has acquired the business and assets of RTI Energy Systems Inc. for a total cash consideration of $12.5 million.
Verisk has signed a definitive agreement to acquire Genscape, wholly owned by Daily Mail and General Trust, for $364 million in cash. Genscape will become part of Wood Mackenzie, a Verisk business. The transaction is subject to the completion of customary closing conditions.
Some wells in the Permian’s Delaware sub-basin can clear a ‘10% half-cycle hurdle rate even with WTI below US$30/bbl,’ Wood Mackenzie says.
Panelists agreed there are, however, exceptions. And costs could run from thousands to millions of dollars depending on services needed to restart production.
New pipelines coming online are expected to ease Permian Basin gas takeaway capacity woes.