Oil and gas industry veteran Steven Keenan, who was credited with a high-profile shale discovery for Apache Corp., resigned from his position as senior vice president of worldwide exploration, the company said Oct. 25.
Houston-based Apache told Reuters that Keenan's resignation, which occurred on Oct. 23, is not connected to the well the company is currently drilling offshore in Suriname. The company said, "the drill bit is still above the first target zone in the Suriname well."
Suriname's state oil company Staatsolie signed a production sharing agreement with Apache in October 2012.
Keenan has overseen the company's exploration operations, unconventional resources technology team and operations in the Delaware Basin since joining Apache five years ago.
Keenan is widely credited with the Alpine High find in West Texas in 2016.
RELATED:
Apache Pushes Forward At Permian Basin’s Alpine High
When Alpine High was discovered Apache's shares spiked as much as 14% with CEO John Christmann calling it a "world-class resource." However, more recently Alpine High has struggled due to lower gas prices, with the company saying it would reassign capital expenditure to other areas.
Apache had hired Keenan from EOG Resources Inc. in 2014 where he had worked on the Eagle Ford basin.
Recommended Reading
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
2024-02-07 - Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.
ConocoPhillips EVP of Strategy, Sustainability, Technology Macklon to Retire
2024-02-16 - Dominic Macklon, who began his career with Conoco in 1991, is set to retire ConocoPhillips May 1.
enCore Energy Appoints Robert Willette as Chief Legal Officer
2024-02-01 - enCore Energy’s new chief legal officer Robert Willette has over 29 years of corporate legal experience.
Air Liquide Eyes More Investments as Backlog Grows to $4.8B
2024-02-22 - Air Liquide reported a net profit of €3.08 billion ($US3.33 billion) for 2023, up more than 11% compared to 2022.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.