Companies - Exclusives
Today’s Forty Under 40 honoree is Bradley Epstein, a Citigroup director who has been a part of numerous transactions in “the changing landscape of MLPs and midstream infrastructure companies.”
As part of creating value, Parsley Energy is also divesting what it called “tail-end inventory” in the Southern Midland Basin for about $170 million.
Today’s Forty Under 40 honoree is John C. Eads, president and CFO of Sierra Resources which operates in the Eagle Ford Shale and Olmos Formation in South Texas.
Voters in Colorado, Washington and Arizona this week rejected efforts to curb oil and gas usage, but new battles loom. Also, Vantage Energy agreed to buy QEP Resources’ Williston Basin foothold.
Extending the Permian Basin’s powerhouse status may benefit as much from collaboration as competition, the incoming president of Shell Oil said.
Today’s Forty Under 40 honoree is Jason Craig, managing director at Denham Capital who said his goal is to help bring the private-equity provider into what he calls the “post- resource-grab era.”
The acquisition of QEP’s foothold in the Williston Basin by Vantage Energy, a SPAC formed by NGP and industry veteran Roger Biemans, is set to create a Bakken pure-play operator.
Jason Churchill, CEO of EnCap-backed PetroLegacy Energy which has a roughly 25,000-acre position in the Midland Basin, is today’s Forty Under 40 honoree.
SandRidge Energy’s exit from the Permian’s Central Basin Platform was a part of two recently closed transactions worth a total of roughly $40 million.
Today’s Forty Under 40 honoree is Michael Christopher, CFO and chief investment officer at ARM Energy who is currently focused on the Houston-based firm’s midstream project in the Delaware Basin.
The Irving, Texas-headquartered company reported Nov. 2 third-quarter earnings increased 57% to $6.24 billion, compared with $3.97 billion a year earlier.
Today’s Forty Under 40 honoree is Claire Chase, who handles government relations for Mack Energy, a Permian Basin-focused E&P based in Artesia, N.M.