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After Approving 7 Pipelines in 2017, FERC is Dead in the Water

After Approving 7 Pipelines in 2017, FERC is Dead in the Water

FERC is out of gas without a quorum

For years, Marcellus and Utica natural gas transportation bottlenecks have seen producers crying for more takeaway capacity to move produced natural gas out of Appalachia. And just when they started to get …

Schlotterbeck Takes the Helm at EQT

From Pittsburgh Business Times

Steven Schlotterbeck officially took over as CEO at EQT Corp. on Wednesday, succeeding David Porges, who has retired from the post. The transition had been announced by EQT (NYSE:EQT) last October.

Porges will serve as executive …

March 7, 2017 - 12:06 pm Closing Bell Story‎, Energy News, People
Bellatrix Announces the Appointment of Brent Eshleman as President & CEO

Bellatrix Announces the Appointment of Brent Eshleman as President & CEO

 

Bellatrix Exploration Ltd. (ticker: BXE) has appointed Brent Eshleman as the new president & CEO and as a member of the board of directors of Bellatrix, effective immediately.

Since November Eshleman has served as Bellatrix Exploration’s interim president and …

Anadarko Adds Deal Power to Board

Anadarko Adds Deal Power to Board

Anadarko Petroleum Corporation (ticker: APC) announced the election of Claire S. Farley as an independent director of the company, effective Feb. 9, 2017.

“Claire is a respected leader in the energy industry with a tremendous track record of success, including …

EnerCom Dallas investment conference Mar 1-2 2017

EnerCom Dallas Announces Conference Presenters and Agenda

Oil & Gas Company Chief Executives, Financial Analysts, Economists, Energy Investors will gather at EnerCom Dallas on March 1-2, 2017

EnerCom’s first Texas-based oil and gas investment conference—EnerCom Dallas—will kick off on March 1, 2017. EnerCom Dallas will feature presentations …

Netherland Sewell: School is Back in Session

Netherland Sewell: School is Back in Session

Financial professionals are encouraged to register now for Netherland Sewell 2017 Oil & Gas Property Evaluation Seminars while seats are available

Each year since 1994, Netherland Sewell & Associates, Inc. (NSAI), one of the industry’s most highly regarded petroleum consulting …

Shell Selling North Sea Assets to Chrysaor for $3.8 Billion

Shell Selling North Sea Assets to Chrysaor for $3.8 Billion

Deal will make Chrysaor one of the largest UK oil and gas producers 

Royal Dutch Shell (ticker: RDSA) has agreed to sell a package of UK North Sea assets to privately held UK producer Chrysaor for a total of up …

Fox to Marathon: Don’t Put MPLX in the Penalty Box

Fox to Marathon: Don’t Put MPLX in the Penalty Box

MarkWest Co-Founder John Fox confirms stance that Marathon Petroleum should eliminate IDRs before refinery dropdowns

John M. Fox, co-founder and former chairman and CEO of MarkWest Hydrocarbon, which merged with Marathon Petroleum’s MPLX LP (ticker: MPLX) in December 2015, issued …

Exxon Adds Dr. Susan Avery to Board

Exxon Adds Dr. Susan Avery to Board

ExxonMobil (NYSE:XOM) has added Dr. Susan K. Avery to its board of directors, effective February 1, 2017. Avery, an atmospheric scientist, is the former president and director of the Woods Hole Oceanographic Institution, the global oil giant said in a …

January 25, 2017 - 10:59 am Closing Bell Story‎, Energy News, People

Shell Appoints New Head of Exploration

From: LNG World News

The Hague-based LNG giant Shell said on Monday it has appointed a new global head of exploration.

Marc Gerrits, currently upstream strategy vice president at Shell, will replace Ceri Powell as the head of global exploration …

January 25, 2017 - 10:40 am Closing Bell Story‎, Energy News, People

Precision Drilling Announces Management Changes

Precision Drilling Corporation (ticker: PDS) announced today that Niels Espeland, President, International has retired from the Corporation effective immediately. Mr. Espeland will continue to advise Precision as a consultant on an ongoing basis.

Mr. Espeland has worked in the international …

January 10, 2017 - 6:00 pm Closing Bell Story‎, Energy News, People
Prices, Promises and a Pumped Up U.S. Rig Count

Prices, Promises and a Pumped Up U.S. Rig Count

Oil in 2017

In WTI near month contracts, oil was trading above $55+ to start off the year, then it fell into a downward slog, dropping 4% to sub-$52 today. It feels like oil prices have been a tale of …

Southcross Energy Announces Leadership Change

Southcross Energy Partners, L.P. (SXE) (“Southcross”) and Southcross Holdings LP (“Holdings”) announced today a consolidation of the roles of Chairman and Chief Executive Officer of their respective general partners.  Bruce A. Williamson, currently the Executive Chairman of Holdings …

VAALCO Energy Announces the Appointment of a New CEO

VAALCO Energy Announces the Appointment of a New CEO

VAALCO Energy Announces the Appointment of Cary Bounds as Chief Executive Officer and Board Member and Closing of Hefley Lease Sale in North Texas

VAALCO Energy, Inc. (ticker: EGY) announced today that Cary Bounds has been appointed Chief Executive Officer …

January 4, 2017 - 11:46 am Closing Bell Story‎, Energy News, People

Unit Corporation Announces Retirement of Board Chairman John Nikkel

Unit Corporation (ticker: UNT) announced today that Chairman John G. Nikkel is retiring from the Board of Directors of Unit Corporation effective December 31, 2016. J. Michael Adcock, a current board member, has been elected the new chairman.

Mr. Nikkel …

WPX Energy Board Adds Chairman’s Title to Company’s CEO

WPX Energy Board Adds Chairman’s Title to Company’s CEO

WPX Energy’s (ticker: WPX) board of directors has unanimously elected Richard E. “Rick” Muncrief as it next chairman, effective Jan. 1, 2017. Muncrief also is WPX’s president and chief executive officer, positions he has held since May 15, 2014.

Since …

PetroQuest Energy Appoints Director

PetroQuest Energy Appoints Director

PetroQuest Energy, Inc. (ticker: PQ) announced that J. Gerard Jolly, CPA has been appointed by the Board of Directors to serve as a director and the Chairman of the Audit Committee.

The Company’s Board of Directors has affirmatively determined Mr. …

ExxonMobil Names New Chief Executive

ExxonMobil Names New Chief Executive

Tillerson to Retire Dec. 31, Darren Woods will take over as ExxonMobil Chairman, CEO

With his pending transition to U.S. Secretary of State, ExxonMobil (ticker: XOM) Chairman and CEO Rex Tillerson has announced his intention to retire from XOM …

Shell Announces New CFO

Shell Announces New CFO

Jessica Uhl to succeed Simon Henry as Chief Financial Officer

Royal Dutch Shell (ticker: RDSA) announced today that, after more than seven years in the role, Simon Henry will conclude his service as CFO of the company and will be …

PetroQuest Energy Announces Resignation of Director Michael Finch

PetroQuest Energy, Inc. (ticker: PQ) announced that Michael L. Finch has resigned from its board of directors.

Finch served as a director and chairman of the Audit Committee since 2003 and has elected to pursue other opportunities, the company said …

December 13, 2016 - 2:41 pm Closing Bell Story‎, People

Macquarie Group’s Delaware Investments Appoints John Leonard Head of Equities

Macquarie Group’s Delaware Investments has appointed former UBS Asset Management’s global head of equities, John Leonard, Delaware’s head of equities beginning March 3, 2017.

Based in Philadelphia, Leonard will report to Shawn Lytle, president of Delaware Investments, and will serve …

December 9, 2016 - 8:32 am Closing Bell Story‎, Energy News, People
Haynes and Boone’s Diana Liebmann Named to Top Women in Energy Law

Haynes and Boone’s Diana Liebmann Named to Top Women in Energy Law

Diana Liebmann, partner, Haynes and Boone, San Antonio, was named in Texas Lawyer’s 2016 list of top women in energy law.

“We are proud to profile the honorees of our 2016 Top Women in Energy awards. The following women …

December 8, 2016 - 5:49 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles, People
Donald Trump Taps Oklahoma Attorney General Scott Pruitt to Lead EPA

Donald Trump Taps Oklahoma Attorney General Scott Pruitt to Lead EPA

From the Wall Street Journal

Fossil fuel advocate has been harsh critic of agency, fought Obama’s environmental regulations

WASHINGTON—President-elect Donald Trump has tapped Oklahoma Attorney General Scott Pruitt to lead the Environmental Protection Agency, according to a transition official, choosing …

December 7, 2016 - 4:41 pm Closing Bell Story‎, Energy News, People, Regulatory
Executive Changes at ExxonMobil

Executive Changes at ExxonMobil

Following Tom Walters’ retirement, Neil Duffin will be president of ExxonMobil Production Company; Liam Mallon to be President of ExxonMobil Development Company

Tom Walters, president, ExxonMobil (ticker: XOM) Production Company, has announced his intention to retire from the company after …

PDC Energy Appoints David Honeyfield CFO

PDC Energy Appoints David Honeyfield CFO

PDC Energy, Inc. (ticker: PDCE) has appointed David Honeyfield its chief financial officer effective December 19, 2016.

David Honeyfield was previously CFO for Jonah Energy in Denver.  His previous experience includes six years at Intrepid Potash, where he served as …

Tellurian is sharply cutting the equity buy-in for potential partners in a bid to make its business model to finance construction of its proposed Driftwood LNG export terminal more attractive.

Tellurian Receives $25 Million Equity Infusion from GE Oil & Gas

Tellurian and its Driftwood LNG export project move forward

Tellurian Investments Inc. announced that GE Oil & Gas has made a $25 million preferred equity investment in Tellurian Investments with an implied Tellurian common stock value of $5.94 per share.…

November 28, 2016 - 1:58 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles, People

Scorpio Tankers Announces Death of Director

Scorpio Tankers Inc. (ticker: STNG) announced that its independent director Donald C. Trauscht died yesterday. Mr. Trauscht was a member of the company’s audit committee.

Scorpio Chairman and CEO Emanuele Lauro said, “Don has been an invaluable member of …

November 14, 2016 - 10:53 am Closing Bell Story‎, Energy News, People
Seven Generations Energy Co-Founder Retires

Seven Generations Energy Co-Founder Retires

Steve Haysom, a 7G founder, lead geologist and senior vice president at Seven Generations Energy (ticker: VII), has retired, the company announced in a press release.

Seven Generations said Haysom joined the company in 2008, the company’s first year, and …

November 11, 2016 - 5:56 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles, People
Sara Ortwein Heads to Fort Worth to Lead XTO Energy

Sara Ortwein Heads to Fort Worth to Lead XTO Energy

New XTO president came up through ExxonMobil

Sara N. Ortwein was named president of XTO Energy by ExxonMobil in November 2016. Prior to landing the XTO post, Ortwein served as president of ExxonMobil Upstream Research Company.

Ortwein, a Houston native, …

Exxon GC’s Forced Retirement a Rare Move

From Corporate Counsel

The announced retirement of ExxonMobil’s general counsel, Jack Balagia, sheds light on a practice that is common at law firms but less known at corporate legal departments: mandatory retirement policies.

Balagia will retire Nov. 1, shortly after …

October 26, 2016 - 8:18 am Closing Bell Story‎, Energy News, Law, People