One of Houlihan Lokey's most senior energy investment bankers is departing the boutique advisory firm to join an oil and gas producer, sources familiar with the matter said on Tuesday.
Kirk Tholen, who ran Houlihan Lokey's Acquisitions and Divestitures (A&D) business, is taking a job at an Oklahoma-based energy company, two people familiar with the matter said.
Houlihan Lokey declined to comment.
Tholen started at Houlihan Lokey in 2015, having previously been head of A&D in the Americas for Credit Agricole. Throughout his career, he has held roles at financial firms, as well as numerous positions within energy companies, according to his profile on Houlihan Lokey's website.
The A&D unit within an energy investment bank focuses on the sales of acreage and smaller assets. Activity in the space in 2019 has been severely hamstrung by companies that are being forced by shareholders to prioritize cost cutting and developing existing assets, rather than buying new land.
Recommended Reading
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
2024-04-29 - Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
2024-04-11 - Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Equinor Says EQT Asset Swap Upgrades International Portfolio
2024-04-30 - Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.
Sangomar FPSO Arrives Offshore Senegal
2024-02-13 - Woodside’s Sangomar Field on track to start production in mid-2024.