Companies - News
Correne S. Loeffler will assume her new role at the Permian Basin-focused company from Joe Gatto, who was named CEO in late May following the unexpected death of Fred Callon.
Lonestar Resources provided impressive results from its Wildcat B #1H well located in Brazos County, Texas, in the eastern Eagle Ford Shale.
Gulfport Energy on June 21 released 'encouraging' initial results from the Oklahoma City-based company's first operated Scoop wells from the Vinson pad.
Encana's cube development and advanced completions have led to a 20% increase in the company's Permian type curves and 700 new premium return locations.
SRC Energy's shareholders approved the proposed name change of the Denver-based company, formerly known as Synergy Resources, as well as provided recent Wattenberg well results.
Birmingham, Ala.-based Energen, which has a large concentration of its assets in the Permian Basin, also raised its 2017 production forecast by 5.9% to 70,200 barrels of oil equivalent per day.
Cenovus will replace CEO Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets from ConocoPhillips, though it failed to name a successor.
The U.S. Supreme Court handed a victory to Chevron by preventing Ecuadorean villagers and their American lawyer from trying to collect on an $8.65 billion pollution judgment.
Neal comes to Pioneer Natural Resources with a 'strong financial and equity research background,' most recently working at Thrivent Asset Management and Nuveen Asset Management.
Named to succeed Jac Nasser as BHP chairman from Sept. 1, MacKenzie's early challenge will be to deal with calls for a revamp at the world's biggest miner from activist shareholders.
Activist shareholder Elliott called on BHP Billiton on June 14 to "upgrade" its board of directors as the company prepares to select a new chairman this week.
R. Seth Bullock, managing director of Alvarez & Marshall who led efforts in assisting Bonanza Creek through its restructuring, was retained as the company's interim CEO.
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