By Tyler Losier, Energy Reporter, Oil & Gas 360 Harvest Oil & Gas sells Barnett shale assets for $72 million Harvest Oil & Gas Corporation (stock ticker: HRST), formerly EV Energy Partners L.P., has entered into a definitive agreement with an undisclosed buyer to sell all of its interests in the Barnett shale formation for $72 million. For the first
From Reuters Anadarko Petroleum Corp (APC.N), in its last earnings report before shareholders vote on its sale to Occidental Petroleum (OXY.N), on Friday reported a quarterly profit that topped analysts’ estimates, as higher production offset lower prices for its oil. It reported a net loss on a $1 billion breakup fee paid to Chevron Corp (CVX.N). Anadarko accepted a $38
From Reuters Proxy advisory firm Institutional Shareholder Services on Thursday urged Occidental Petroleum Corp shareholders to ask management to let them weigh in on board and governance issues as the company buys rival Anadarko Petroleum Corp.. The request comes one week after the takeover deal’s biggest critic, billionaire investor Carl Icahn, laid out plans to shake up Occidental’s board. ISS
By Tyler Losier, Energy Reporter, Oil & Gas 360 Liberty Oilfield Services appoints Gale Norton to its board of directors Gale Norton, former secretary of the interior for the George W. Bush White House, will be joining Liberty Oilfield Services (stock ticker: LBRT) as a member of its board of directors. Additionally, she has been appointed as the chair of
By Tyler Losier, Energy Reporter, Oil & Gas 360 Schlumberger appoints Olivier Le Peuch as CEO, Mark G. Papa as non-executive chairman of the board Schlumberger Limited (stock ticker: SLB), the largest public oilfield services company in the world by both market capitalization and enterprise value, has elected Olivier Le Peuch as its chief executive officer, effective August 1, 2019.
Saltstone Capital Management Presses for Immediate Change at Abraxas Petroleum Corporation
By Tyler Losier, Energy Reporter, Oil & Gas 360 Vanguard Natural Resources completes financial restructuring, emerges as Grizzly Energy Vanguard Natural Resources, a Houston-based onshore energy company, has successfully completed its Chapter 11 financial restructuring process, emerging as a new limited liability company under the name Grizzly Energy. According to the Houston Chronicle, this is the second time in two
By Tyler Losier, Energy Reporter, Oil & Gas 360 Diana M. Charletta appointed president of both entities, retains position as COO and board member Equitrans Midstream Corporation (stock ticker: ETRN) and its general partner – EQM Midstream (stock ticker: EQM) – have appointed Diana M. Charletta as president of both entities. In addition to her new appointment, Charletta will retain
By Tyler Losier, Energy Reporter, Oil & Gas 360 LongBow, Halcon founder Jason Brown to replace Evolution’s interim CEO Robert Herlin Jason Brown, founder of Longbow Energy, has been appointed as president and chief executive officer of Evolution Petroleum Corporation (stock ticker: EPM) by the company’s board of directors, effective July 10. He will replace interim CEO Robert Herlin, who
By Tyler Losier, Energy Reporter, Oil & Gas 360 Former BlackRock director Robert M. Shearer elected to OXY board Occidental Petroleum (stock ticker: OXY), an international E&P with operations in the U.S., the Middle East and Latin America, has elected Robert “Bob” M. Shearer to its board of directors. Shearer, a 64-year-old former managing director at BlackRock, has over 35
Investors led by Toby, Derek Rice want to overhaul EQT board EQT says electing Rice slate would lead to ‘managerial chaos’ From Bloomberg The nine-month battle for control of America’s largest natural gas producer has come down to a choice: The old guard, or the “shalennials.” Absent a settlement before EQT Corp.’s annual meeting in Pittsburgh on Wednesday, shareholders will decide between
By Tyler Losier, Energy Reporter, Oil & Gas 360 Margaret Dorman to serve on board of directors, audit committee Range Resources (stock ticker: RRC), a U.S. independent focused on stacked-pay projects in the Appalachian and North Louisiana regions, has appointed Margaret Dorman to the company’s board of directors, as well as the board’s audit committee. The appointment is effective as
