Post Tagged with: "CFO"

Enerflex Appoints New CFO, General Counsel

Enerflex Appoints New CFO, General Counsel

By Tyler Losier, Energy Reporter, Oil & Gas 360 Enerflex names Sanjay Bishnoi as senior vice president and CFO, David Izett as senior vice president and general counsel Enerflex Ltd. (stock ticker: ENRFF), a Calgary-based oilfield service company, has appointed Sanjay Bishnoi as senior vice president and chief financial officer, and David H. Izett as senior vice president and general counsel, effective September 9, 2019. Bishnoi, a proven CFO with more than 20 years of financial leadership experience in the energy and professional services sectors, will be responsible for leading Enerflex’s finance, treasury, corporate development, capital markets, enterprise risk management, internal audit and investor relations functions. I… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Halcón Resources Appoints New CFO as Restructuring Process Continues

Halcón Resources Appoints New CFO as Restructuring Process Continues

By Tyler Losier, Energy Reporter, Oil & Gas 360 Halcón Resources selects Ragan T. Altizer as its new EVP, CFO, treasurer Halcón Resources Corporation (stock ticker: HKRS), currently undergoing Chapter 11 reorganization proceedings, has appointed Ragan T. Altizer as its new executive vice president, chief financial officer and treasurer, effective August 14. Altizer will replace Quentin Hicks, who resigned from the same position effective August 13. “Quentin has been a key member of the management team at Halcón since joining the company in 2012 and played an integral role in the recent months in assisting with our review of strategic and financial alternatives,” said Rich Little, Halcón’s chief executive officer. “On behal… Login or click here to subscribe

Source: Gulfport Energy

New CFO at Gulfport Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360 Quentin R. Hicks joins Gulfport Energy as executive vice president and CFO Gulfport Energy Corporation (stock ticker: GPOR), an independent E&P based out of Oklahoma City, has hired Quentin R. Hicks as its new executive vice president and chief financial officer, effective August 26. Hicks is being hired to replace Keri L. Crowell, who is stepping down after 14 years at Gulfport. He will report directly to David M. Wood, Gulfport’s president and chief executive officer. “We are very pleased to welcome Quentin as a key addition to Gulfport’s senior management team,” Wood said. “He brings a wealth of oil and natural gas finance expertise and experience to Gulfport and we lo… Login or click here to subscribe

Source: Tyler Losier

Occidental Finance Chief Pledges to Act Quickly to Pare Acquisition Debt

From Reuters Occidental Petroleum Corp (OXY.N) expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company’s finance chief said on Monday. Cedric Burgher, in his first public remarks since the $38 billion acquisition closed last week, told an Enercom energy conference audience, the resulting debt burden was “not that bad,” and pledged Occidental would be selective in choosing assets to sell. He defended the purchase, which has been attacked by activist Carl Icahn as “misguided and hugely overpriced,” as providing future oil production as a good valuation. Icahn is seeking to remove and replace four directors to influence the scale and pace of asset sales. “When the smoke clears, people will start to see what we’ve done,” Burgher said to an overflow crowd.     Occidental plans to be selective about what properties it puts on the market to help[Read More…]

New U.S. Pipelines Poised to Start Price War for Shale Shippers

New U.S. Pipelines Poised to Start Price War for Shale Shippers

From Reuters The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings. These bargain rates, in one case half the initial published rate, will aid strapped oil producers that once had to sell their oil for about $10 less per barrel because of transport constraints to move their oil from the largest shale oil field in the country. But pipeline companies, which have in the past year raced to add new capacity to flow oil from the Permian Basin to the refining and export hub on U.S. Gulf Coast, will face pressure to cut rates in coming weeks, said oil traders and analysts. The two operators – EPIC Midstream and Plains All American (PAA.N) – are opening lines that combined will in coming months[Read More…]

SitePro Announces Additions To Management Team

SitePro Announces Additions To Management Team

SitePro Announces Additions To Management Team Focused On Growth

Source: PRNewsfoto/Contura Energy

Contura Energy Appoints New CEO and Board Member

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 29. Previously, Stetson served on Contura’s board from November 2018 to April 2019. He replaces Andy Eidson, Contura’s executive vice president and chief financial officer, and Mark Manno, Contura’s executive vice president, chief administrative and legal officer and secretary, who were appointed as interim co-CEOs while the board conducted its search for the company’s permanent CE… Login or click here to subscribe

Pacific Drilling Gets a New CFO

Pacific Drilling Gets a New CFO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Pacific Drilling appoints James W. Harris as senior vice president, chief financial officer Pacific Drilling S.A. (stock ticker: PACD), a deepwater offshore drilling contractor, has appointed James W. Harris to serve as the company’s senior vice president and chief financial officer. He will be replacing Johannes P. Boots, who has come to a mutual agreement with Pacific Drilling to step down in order to pursue other opportunities. “We sincerely appreciate the many contributions that John has made during his nearly 10-year tenure with Pacific Drilling and we wish him all the best in his future endeavors,” said Bernie Wolford, Pacific Drilling’s CEO. Source: LinkedIn Harr… Login or click here to subscribe

Whiting Petroleum Names New CFO

Whiting Petroleum Names New CFO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Michael J. Stevens steps down as CFO, Correne S. Loeffler selected as replacement Whiting Petroleum Corporation (stock ticker: WLL), a Denver-based independent E&P with an oil-focused asset base, has named Correne S. Loeffler as Chief Financial Officer, effective August 1. She will replace Michael J. Stevens, who is stepping down after an 18-year career with Whiting. Stevens was named CFO in 2005. Source: Callon Petroleum Loeffler, who has 14 years of financial experience in the oil and gas industry, was previously employed at Callon Petroleum as the company’s vice president, finance and treasurer. She held the position from April 2017 to July 2019. Loeffler also se… Login or click here to subscribe

New Director at Range Resources

New Director at Range Resources

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 of July 1. It was mutually agreed upon by both Range’s current leadership and SailingStone Capital Partners, which owns almost 16% of the company. Source: Range Resources Dorman has over 30 years of experience in the industry, most recently retiring from her role as the executive vice president, CFO and treasurer of Smith International (now… Login or click here to subscribe

Source: Meritage Midstream

Midstream Company Snags Upstream CFO, Names New COO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Denver-based company taps new COO, CFO Meritage Midstream Services, a private energy infrastructure company backed by equity from Riverstone Holdings LLC, has appointed two new executives to the company’s leadership team. Matthew DeNezza, former chief financial officer at Eclipse Resources Corporation, will take over as Meritage’s new CFO. T. Jeffrey Layne, formerly the vice president of engineering and operations for Kingfisher Midstream, will take over as Meritage’s new chief operating officer.   Matthew DeNezza Source: Meritage Midstream Before serving as the CFO at Eclipse for approximately six years, DeNezza worked at Deutsche Bank Securities in the global natural… Login or click here to subscribe

Gregg Taylor, Chief Financial Officer for Texas-based Purple Land Management.

Land Management Firm Names CFO

Purple Land Management Announces Gregg Taylor As Chief Financial Officer

June 11, 2019 - 5:00 am Closing Bell Story, People, Press Releases
Encana Names New CFO

Encana Names New CFO

Encana to name Corey D. Code as Chief Financial Officer

March 22, 2019 - 6:30 am Closing Bell Story, Corporate Governance, Press Releases
Delek US Names CFO

Delek US Names CFO

Delek US and Delek Logistics Announce Chief Financial Officer Transition

March 6, 2019 - 5:00 am Closing Bell Story, People, Press Releases
Chaparral Energy Announces New CFO

Chaparral Energy Announces New CFO

Chaparral Energy Announces Chief Financial Officer Succession… Login or click here to subscribe

February 18, 2019 - 5:30 am Closing Bell Story, People, Press Releases
Legacy Reserves Announces New CFO

Legacy Reserves Announces New CFO

Legacy Reserves Inc. Announces New Chief Financial Officer… Login or click here to subscribe

February 11, 2019 - 9:00 am Closing Bell Story, People, Press Releases
Are Today’s High-Speed Horizontals Drilling Too Fast for the Humans?

Are Today’s High-Speed Horizontals Drilling Too Fast for the Humans?

Increasingly fast pace of drilling horizontal wells is squeezing the limits of software, people by Bevo Beaven, Editor, Oil & Gas 360 It was only a few years back, during the early-middle years of the downturn, that operators began bragging about shortening their well drilling times from 30 or 40 days to 16 days. But today the numbers are startling. Today’s advanced drilling rigs, drill bits and improved technology can allow drilling contractors in some plays to deliver a two-mile lateral in two or three days. After a few rig moves on the pad, contractors are going to be wrapping up 10 or 20 wells at that same breakneck pace. But is the pace too fast? Does the incredibly fast pace of horizontal factory drilling allow the drilling… Login or click here to subscribe

Summit Midstream Double E Natural Gas Pipeline

Summit Midstream Taps New CFO

Summit Midstream Announces Senior Management Changes

December 10, 2018 - 10:30 am Closing Bell Story, Midstream, People, Press Releases
Anadarko Names New President to Lead Worldwide Operations

Anadarko Names New President to Lead Worldwide Operations

Anadarko elevates other executives, adds board members Anadarko Petroleum Corporation (stock ticker: APC) has named Bob Gwin, formerly the company’s EVP finance and CFO, to the position of president. In his new role, Gwin will be responsible for leading Anadarko’s worldwide operations, project management, exploration, midstream and marketing, as well as the company’s expanding next-generation technology development and systems solutions. “With his appointment to president, Bob will oversee a new leadership structure aimed at building upon the successes of our upstream and project-management business groups through better integration with our midstream and marketing organization. He will also be in a position to advance our technology… Login or click here to subscribe

Bonanza Creek Lands CFO

Bonanza Creek Lands CFO

DJ Basin producer Bonanza Creek Energy, Inc. (stock ticker: BCEI) has hired Brant H. DeMuth as its CFO, effective Nov. 14, 2018. To join Bonanza Creek, DeMuth exits his post as VP of Finance and Treasurer at Denver-based SRC Energy Inc. (stock ticker: SRCI). Prior to joining SRC Energy, DeMuth served as Interim CFO of DJ Resources, LLC and as EVP of strategy and corporate development of advanced chemical and biofuels company Gevo, Inc. (stock ticker: GEVO). DeMuth received his M.B.A. in oil and gas finance from the University of Denver and his B.S. in business administration from Colorado State University. DeMuth will assume the role of principal financial officer from Scott A. Fenoglio, who has served as Bonanza Creek’s principal fin… Login or click here to subscribe

November 13, 2018 - 3:36 pm Closing Bell Story, Exploration and Production (E&P), People
Diamond Offshore Appoints CFO

Diamond Offshore Appoints CFO

Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that Scott Kornblau has been appointed Senior Vice President and Chief Financial Officer, effective immediately. Mr. Kornblau has over 20 years of finance and accounting expertise working in the energy industry. Mr. Kornblau joined the Company in 1997 as Senior Accountant and has served in several finance and accounting leadership positions since. Most recently, Mr. Kornblau held the acting Chief Financial Officer role in addition to his Vice President and Treasurer position at the Company. About Diamond Offshore Diamond Offshore is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe. Additional information and access to the Company’s SEC filings are available at www.diamondoffshore.com. Diamond Offshore is owned 53% by Loews Corporation (NYSE: L). Contact: Samir Ali Vice President, Investor Relations & Corporate Development +1 (281) 647-4035

Creole Spirt, Teekay Tanker Suezmax Tanker, Source: Teekay

Teekay LNG Partners Announces CFO Transition

Teekay LNG Partners Announces CFO Transition

CFO of Abraxas Resigns

CFO of Abraxas Resigns

From Business NewsWire Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ: AXAS) today announced Geoffrey R. King, Vice President and Chief Financial Officer of Abraxas, submitted his resignation on June 4, 2018 to pursue another opportunity in the financial sector. Mr. King’s resignation is not the result of any dispute or disagreement with the Company, or any matter relating to the Company’s accounting practices or financial statements. Mr. King will continue in his role as Abraxas’ Chief Financial Officer until June 26, 2018 to ensure an orderly transition of his responsibilities. Abraxas intends to immediately initiate a search for Mr. King’s permanent successor. Bill Krog, the current Chief Accounting Officer, will serve as the Company’s principal financial and accounting officer for the interim period. Bob Watson, President and CEO of Abraxas, commented, “We would like to thank Geoff for his contributions to Abraxas over the last five years and wish[Read More…]

June 7, 2018 - 4:31 pm Closing Bell Story, Corporate Governance, Energy News
HighPoint Resources Names Chief Financial Officer

HighPoint Resources Names Chief Financial Officer

HighPoint Resources Announces Promotion of William M. Crawford to Chief Financial Officer

May 11, 2018 - 7:54 am Closing Bell Story, Energy News, People, Press Releases
Caterpillar Names New Chief Financial Officer

Caterpillar Names New Chief Financial Officer

Caterpillar Names New Chief Financial Officer

May 7, 2018 - 8:00 am Closing Bell Story, People, Press Releases
Hi-Crush to Join Alerian’s AMZ and AMZE

Hi-Crush to Join Alerian’s AMZ and AMZE

Hi-Crush Partners LP (ticker: HCLP) will be added to both the Alerian MLP Index (AMZ) and the Alerian MLP Equal Weight Index (AMZE) following the close of business on March 16, 2018. “The addition of Hi-Crush to the AMZ and AMZE indices is recognition of the prudent investments we have made over the past few years, resulting in a stronger balance sheet and providing Hi-Crush with the sustainable cash flow to support meaningful distribution growth, while also executing on our significant unit repurchase program,” CFO Laura C. Fulton said. Hi-Crush said that it expects to increase its quarterly cash distribution by approximately 10% per quarter for the foreseeable future (subject to periodic review and market conditions). The company repurchased 2,030,163 common units during the fourth quarter of 2017, for a total cost of $20.0 million under the authorized $100 million-unit buyback program. Hi-Crush said in February that it remains committed[Read More…]

March 13, 2018 - 4:27 pm Closing Bell Story, MLPs, Oil and Gas 360 Articles, People
Jagged Peak CEO Joseph Jaggers to Retire in Late March

Jagged Peak CEO Joseph Jaggers to Retire in Late March

Jagged Peak Energy Inc. (ticker: JAG) Chairman, President and CEO Joseph N. Jaggers said that he plans to retire at the end of March 2018 for health and personal reasons. Following an orderly transition, current independent director James J. Kleckner will become the company’s president and CEO. Also, as part of the succession plan, current company director Charles D. Davidson, former CEO of Noble Energy Inc., will assume the role of chairman. Both appointments will take effect on the date of Jaggers’ retirement. The company also said that EVP and COO J. Jay Stratton, Jr. has departed the company. Craig Walters has been elected by the company’s board of directors to serve as EVP and COO. Jagged Peak anticipates that Jaggers will remain full-time with the company until his retirement and on a consulting basis thereafter to assist with the transition. Kleckner will remain on the board, but will resign[Read More…]

rig

Rex Energy Announces New CFO

Marathon, TORC also announce changes Rex Energy Corporation (ticker: REXX) announced today that it has appointed Curt Walker, the company’s current chief accounting officer, to the position of CFO, effective immediately. Walker will be responsible for all financial, accounting and treasury functions, as well as other related duties. Walker has been the company’s chief accounting officer since May 2012. Prior to his promotion, he served as VP of accounting, and has been with Rex Energy since 2007. Prior to joining Rex, Walker was with YRC Worldwide, a Fortune 500 trucking and transportation company. Walker holds a bachelor of science degree in accounting and an M.B.A., both from Shippensburg University. “Curt has been a key part of the Rex team for over a decade and has been integral in the success of our company. We are very pleased that he has accepted the expanded role and we’re confident that he is[Read More…]

PDC Energy Announces New CFO

PDC Energy Announces New CFO

PDC Energy, Inc. (ticker: PDCE) has appointed R. Scott Meyers, previously the company’s  chief accounting officer, to the chief financial officer position. Meyers has been with the company since 2009. He was appointed CFO concurrently with the previous CFO’s resignation. PDC noted that David Honeyfield, the previous CFO, did not resign because of disagreements with the company. Prior to joining the company, Meyers served as a senior manager with PricewaterhouseCoopers LLC and Schneider Downs & Co., Inc., an accounting firm based in Pittsburgh, Pennsylvania. Meyers holds a B.S. in accounting from Grove City College, Pennsylvania. PDC CEO Bart Brookman said, “Scott has been a key part of the PDC team for almost a decade and has been integral in the success of our company. We are very pleased that he has accepted the expanded role and we’re confident that he is very qualified for the job.”

Blackbird Energy Appoints Chief Financial Officer

Blackbird Energy Appoints Chief Financial Officer

Blackbird Energy Inc. (ticker: BBI) has appointed Karen Minton as its CFO effective immediately, the company announced yesterday. In a press release Blackbird outlined Minton’s almost two decades of experience in senior financial roles in oil and gas and alternative energy. Prior to her appointment as Blackbird CFO, Minton was CFO at Lighthouse Oil & Gas. Previously she was corporate controller of Equal Energy Ltd. and VP finance and CFO of Dynetek Industries Ltd. Minton obtained her Chartered Accountant designation in 1993 and holds a Bachelor of Commerce degree from the University of Calgary. “I am delighted to have Karen join the Blackbird team … to oversee critical steps in Blackbird’s growth, including finalizing significant gas handling agreements and securing non-dilutive funding as the company transitions to full development,” Blackbird CEO Garth Braun said in a statement. In connection with her appointment, Minton has been granted 1,000,000 stock options exercisable at[Read More…]