Brendan M. McCracken succeeds Michael McAllister, Ovintiv’s former president who retired in June after 20 years with the company and nearly 40 years in the industry.
Here’s a snapshot of recent energy deals including the merger of Denver-Julesburg Basin producers Bonanza Creek Energy and HighPoint Resources in a $376 million deal.
Here’s a quicklist of oil and gas assets on the market including a package of operated Oklahoma assets in Ellis County from Kaiser-Francis Oil plus Winfield Resources’ horizontal Marcellus wellbore-only interests in Pennsylvania.
The U.S rig count is up 14% over the last month with the largest gains in the Gulf Coast and Permian Basin regions.
Kaiser-Francis Oil Co. retained EnergyNet for the sale of an operated package of assets in Oklahoma’s Ellis County through an auction closing Dec. 2.
Marathon Oil reported a loss of $317 million, or 40 cents per share, for the quarter ended Sept. 30, compared to a profit of $165 million, or 21 cents per share, a year earlier.
Here’s a snapshot of recent energy deals including the closing of Warren Buffet’s Berkshire Hathaway acquisition of the Dominion gas business worth nearly $10 billion acquisition plus the sale of Schlumberger’s rod-lift business to Lufkin Industries.
Here’s a quicklist of oil and gas assets on the market including a Permian Basin well package operated by Apache Corp. plus Royal Blue Minerals II’s Williston Basin position.
The U.S. rig count rose 11% in October but was down 60% year-over-year.
Today’s featured Forty Under 40 honoree is Abdalla Ali, vice president of engineering at Wayfinder Resources, a Houston-based onshore oil and gas company with assets in the Anadarko Basin of Oklahoma.