By Tyler Losier, Energy Reporter, Oil & Gas 360 Saltstone Capital Management calls for special committee of the board to review strategic alternatives Billy Bailey, founder and portfolio manager for Saltstone Capital Management LLC, penned a scathing letter to Abraxas Petroleum’s (stock ticker: AXAS) board of directors this week, calling for the creation of a special committee to explore strategic
By Tyler Losier, Energy Reporter, Oil & Gas 360 Christopher J. Baker named president and CEO of Quintana Energy Services Quintana Energy Services (stock ticker: QES), an onshore oilfield services company operating across the United States, has named Christopher J. Baker as its president and chief executive officer, effective immediately. Baker will replace former CEO Rogers Herndon, who has resigned
By Tyler Losier, Energy Reporter, Oil & Gas 360 Chairman Barry E. Davis will once again serve as the CEO of EnLink Midstream EnLink Midstream LLC (stock ticker: ENLC) will be reappointing its current executive chairman, Barry E. Davis, as chief executive officer, effective August 8. Previously, Davis, who will be retaining his position on the board, served as EnLink’s
By Tyler Losier, Energy Reporter, Oil & Gas 360 QEP Resources and Elliot Management will work together to appoint two new independent directors QEP Resources, Inc. (stock ticker: QEP), a Denver-based independent E&P, has entered into a cooperation agreement with affiliates of Elliot Management Corporation, which owns approximately 4.9% of QEP’s common stock. Under the terms of the agreement, QEP
By Tyler Losier, Energy Reporter, Oil & Gas 360 Amplify Energy and Midstates Petroleum to merge after receiving shareholder approval Amplify Energy Corporation (stock ticker: AMPY), a Houston-based independent E&P, has received the necessary shareholder approval for its previously announced all-stock merger-of-equals transaction with Midstates Petroleum Company (stock ticker: MPO). Likewise, Midstates’ shareholders also signed off on the deal at
By Tyler Losier, Energy Reporter, Oil & Gas 360 Contura Energy selects David J. Stetson as its new CEO and as a member of its board of directors Contura Energy (stock ticker: CTRA), a Tennessee-based coal supplier, has unanimously elected David J. Stetson as the company’s new chief executive officer, as well as a member of its board, effective July
From The Houston Chronicle The top executive of British-owned Centrica, owner of Direct Energy, will be stepping down after what the company describes as an exceptionally challenging six months which included outages at its nuclear sites, pension deficits and low natural gas prices. The company announced on Tuesday that it is cutting the dividend for investors. Iain Conn, group chief
From Reuters Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy – borrowing to buy up acreage, acquire competitors and quickly boost output in the booming shale field. Today, Diamondback (FANG.O) is the
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.
By Tyler Losier, Energy Reporter, Oil & Gas 360 President and CEO of Parker Drilling will retire later this year Parker Drilling Company’s (stock ticker: PKD) president, CEO and director Gary Rich will be retiring from his position later this year, once a suitable replacement can be found. Parker’s board of directors is actively conducting a comprehensive search for a
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
Southwestern Energy CEO and President Bill Way Named Finalist in the Entrepreneur of the Year 2019 Program
