Northern Explorations Ltd., Scottsdale, Ariz., (OTCBB: NXPN) has named Mark Schaftlein president and chief executive. He was CEO of financial consulting and advisory firm Capital Consulting Inc.
Schaftlein says, "I am extremely pleased to be undertaking the role of president and CEO of Norex at this time and believe the company’s portfolio of high quality prospects, especially in California, have the potential to bring to production commercially viable 2-million to 3-million-cubic-feet-per-day gas wells that could create for Norex a positive cash flow position before the end of the third quarter of 2009.”
Norex has oil and gas operations in California and Alberta.
Recommended Reading
US Oil and Gas Rigs Fall in Q1, First Quarterly Drop Since 2020
2023-03-31 - Despite this week's rig decline, Baker Hughes said the total count was still up 82 rigs, or 12%, over this time last year.
Haynesville to Lead Gas Production Growth in 2023
2023-03-30 - Enverus expects the Haynesville to lead gas production growth in 2023 and then fall thereafter before growing again between 2025 and 2027, Bernadette Johnson, the firm’s general Manager, said at Hart Energy’s DUG Haynesville conference in Shreveport, Louisiana.
Southwestern’s Haynesville Chief on M&A, Gulf Coast Advantages and RSG [WATCH]
2023-03-30 - Andy Huggins, senior vice president of the Haynesville division at Southwestern Energy Co. discusses M&A, how the company’s Appalachia and Haynesville assets complement each other and efforts to certify its natural gas as responsibly sourced, particularly for utilities and end-users in Europe.
Public, Private E&Ps Split on Permian Basin Drilling Strategies
2023-03-29 - The Permian led the nation in drilling rig activity in the past year, with data showing much of that growth coming from large, public upstream operators as private companies such as CrownQuest Operating, Iskandia Energy and Mack Energy have downshifted.
McDermott Wins Manatee FEED
2023-03-28 - The Trinidad and Tobago Manatee field is planned to start production in 2027.