Post Tagged with: "Kimmeridge Energy"

Northern Delaware Basin Operations 

From Concho.com

Kimmeridge Energy Joins Forces with Desert Royalty

By Tyler Losier, Energy Reporter, Oil & Gas 360 Newly-formed Desert Peak Minerals to be largest pure-play mineral royalty company in Delaware Basin Kimmeridge Energy Management Company, a private equity firm focused on acquiring unconventional oil and gas assets, has entered into a definitive agreement with Desert Royalty Company to combine the two companies’ assets to form Desert Peak Minerals. The newly-formed combined entity will be the largest pure-play mineral and royalty company in the Delaware Basin, with a total size of 70,000 net acres on a one-eighth royalty-adjusted basis, spanning across eight different counties in west Texas and southeast New Mexico. Once the partnership begins operations, net production is ex… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Activist Takes Aim at Shale-Company CEO’s Pay

Activist Takes Aim at Shale-Company CEO’s Pay

From The Wall Street Journal A shareholder activist will challenge PDC Energy Inc. in an effort to change the way the oil producer pays its executives, part of a broader push by investors to force U.S. energy producers to focus more on profitability than growth. Kimmeridge Energy Management Co., which last month disclosed a 5.1% stake in PDC, said it is putting forth a slate of directors to challenge the three board members whose terms expire this year. Denver-based PDC’s chief executive, Barton Brookman, is among those up for re-election. Kimmeridge said it wants the company to align executive compensation more with shareholder returns than production growth. The firm is also advocating for a dividend, exploration of potential deals with rivals and a reduction of administrative costs at PDC, which has a market value of about $2.5 billion. “A lot of the problems in the exploration-and-production space could be fixed with proper compensation[Read More…]

PDC Energy Issues Statement Responding to Schedule 13D Filing by Kimmeridge Energy Management

PDC Energy Issues Statement Responding to Schedule 13D Filing by Kimmeridge Energy Management

PDC Energy Issues Statement

February 22, 2019 - 9:15 am Closing Bell Story, Corporate Governance, Press Releases