Double Eagle Energy Holdings III announced that inclusive of a recent capital raise, the company has secured equity commitments of more than $1 billion. The equity commitments are anchored through funds managed by affiliates of Apollo Global Management, LLC (ticker: APO). Double Eagle’s equity commitments will support the company’s ongoing acquisition and development initiatives in the Permian Basin and will
Anadarko Petroleum (ticker: APC) announced several high-level changes at the corporate management level this week, consolidating some management responsibility areas and shrinking its senior leadership team. Investing focus is on U.S. onshore and tiebacks in the GOM: executive management team needed to contract accordingly – Walker Anadarko Chairman and CEO Al Walker offered some detail as explanation of the management
Following Tom Walters’ retirement, Neil Duffin will be president of ExxonMobil Production Company; Liam Mallon to be President of ExxonMobil Development Company Tom Walters, president, ExxonMobil (ticker: XOM) Production Company, has announced his intention to retire from the company after more than 38 years of service. Current president of ExxonMobil Development Company, Neil Duffin, will take over the job of
The name of the game: hiring, training employees with the ability to create efficiencies The rapid fall of oil prices since the end of 2014 has resulted in companies creating an avalanche of efficiencies throughout the oil and gas supply chain. Generating better economics at the well is a major concern for everyone working in the industry. E&P companies are
Oil & Gas 360® Industry Leadership Survey Results Oil & Gas 360® completed a survey of industry executives last week. The survey was offered to 3,000 current industry leaders working at the highest level. The purpose was to gather the views of chief executives and other c-level officers at E&P, OilService, midstream and related companies as to what they believe will
