Warren Resources, Inc. (WRES) began searching for a CEO, and retained executive search firm Egon Zehnder for the process, the company said July 14.
"Under the steady hands of Interim CEO and director Lance Peterson, Warren has navigated the critical liquidity and debt issues that faced oil and gas companies in the past several quarters, and we are now ready to dedicate the necessary time and resources to conducting a search for a permanent CEO, said Dominick D’Alleva, interim chairman.
“To the right candidate, we are pleased to offer an attractive opportunity to shape the next phase of the company's growth, including a strategic review of all assets and offices in the company's portfolio.”
New York-based Warren Resources Inc. acquires and develops oil in California’s Los Angeles Basin and natural gas in the Marcellus Shale and Wyoming’s Washakie Basin.
Recommended Reading
CERAWeek: Trinidad Energy Minister on LNG Restructuring, Venezuelan Gas Supply
2024-03-28 - Stuart Young, Trinidad and Tobago’s Minister of Energy, discussed with Hart Energy at CERAWeek by S&P Global, the restructuring of Atlantic LNG, the geopolitical noise around inking deals with U.S.-sanctioned Venezuela and plans to source gas from Venezuela and Suriname.
US Refiners to Face Tighter Heavy Spreads this Summer TPH
2024-04-22 - Tudor, Pickering, Holt and Co. (TPH) expects fairly tight heavy crude discounts in the U.S. this summer and beyond owing to lower imports of Canadian, Mexican and Venezuelan crudes.
US Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten
2024-04-10 - Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.
What's Affecting Oil Prices This Week? (April 22, 2024)
2024-04-22 - Stratas Advisors predict that despite geopolitical tensions, the oil supply will not be disrupted, even with the U.S. House of Representatives inserting sanctions on Iran’s oil exports.
Exxon’s Payara Hits 220,000 bbl/d Ceiling in Just Three Months
2024-02-05 - ExxonMobil Corp.’s third development offshore Guyana in the Stabroek Block — the Payara project— reached its nameplate production capacity of 220,000 bbl/d in January 2024, less than three months after commencing production and ahead of schedule.