From Bloomberg Alex Beard will retire as oil chief at the end of June, has held that job since 2007 and led Glencore through its IPO The generational change at the top of Glencore Plc gained speed on Monday, after the company announced the retirement of its long standing head of oil Alex Beard. Beard, 51, was at one time
Baker Botts announced some leadership changes at the law firm’s key offices coinciding with John Martin’s appointment as the firm’s managing prtner, which became effective today. In the energy space, Rebeca Huddle became partner-in-charge of the firm’s Houston office. A former Justice on the Texas Court of Appeals for the First District, Huddle’s practice focuses on complex commercial litigation. Rebeca
On Feb. 4, New York private investment firm Fir Tree Partners issued an open letter to Halcon Resources (stock ticker: HK, $HK) demanding a management change and the installation of two directors to lead the immediate pursuit to sell the company for cash or stock. “Given management’s unwillingness or inability to take the necessary actions to increase shareholder value, Fir
Mike Sommers will be the new president and CEO of the American Petroleum Institute, following an election this afternoon by API’s board. Sommers brings two decades of political experience to API, including his current role as president and CEO of the American Investment Council. Sommers will succeed Jack Gerard, who said earlier this year that he will step down this
Ares Management, L.P. (ticker ARES) and ARM Energy Holdings, LLC have partnered up to develop Salt Creek Midstream, LLC in the Delaware Basin. The company is owned by funds managed by the Ares Private Equity Group and ARM Energy. ARM Midstream Management, LLC, a subsidiary of ARM Energy, will serve as operator of the project. 260 MMcf/d of expandable processing
FS Investments (FS) and EIG Global Energy Partners (EIG) closed a transaction today, allowing EIG to manage FS Energy and Power Fund (FSEP). According to the company’s press release, FSEP will be the largest energy-focused business development company (BDC) in the marketplace with $4.3 billion in assets under management. “We are excited to enter the next phase of our partnership
Apache Corporation (ticker: APA) has named David Pursell as SVP of planning and energy fundamentals, effective March 12, 2018. “I am pleased to welcome Dave to Apache’s executive management team. Dave’s skills, expertise and capabilities will further enhance our robust internal planning processes and assist in the execution of our long-term profitable growth strategy,” said John J. Christmann IV, Apache’s
Southwestern Energy Company (ticker: SWN) said that Julian Bott is joining the company as EVP and will become CFO on March 5, 2018. Jennifer Stewart, who has served as CFO on an interim basis, will become SVP of government and regulatory affairs. The company also said that it has named Michael Hancock as VP of financial planning and analysis. This
Tax-free separation creates two Appalachian-based energy companies EQT Corporation (ticker: EQT) has approved a plan to separate its upstream and midstream businesses, creating a standalone publicly traded corporation (NewCo) that will focus on midstream operations. The separation is intended to qualify as tax-free to EQT shareholders for U.S. federal income tax purposes, and is expected to be completed by the
Resulting from an aging and talent-strained work force, today’s oil and gas companies that require a search for exceptionally qualified senior executives and directors, must have a search led by recruiters with global resources and networks, a deep understanding of the specific requirements, and the reputation to engage and attract the best management and boardroom talent. Preng & Associates, Inc.
Laredo Petroleum, Inc. (ticker: LPI) announced this week that Patrick J. Curth, senior VP of exploration and land, will transition to a senior advisor role in anticipation of his retirement in March 2019. VP of Exploration and Geosciences Technology James R. Courtier, VP of Reservoir Engineering Jason R. Greenwald and VP of Land Mark H. Elliott will jointly assume leadership
