E&P Highlights: Jan. 6, 2025
Here’s a roundup of the latest E&P headlines, including company resignations and promotions and the acquisition of an oilfield service and supply company.
Talos Energy Zeroing in on New Skipper After Interim CEO Quits
Talos Energy said it has identified a finalist candidate to serve as the company’s permanent CEO starting end of first-quarter 2025.
J. Douglas Schick Succeeds PEDEVCO Majority Owner Simon Kukes as CEO
Simon G. Kukes, who took over PEDEVCO in 2018, said the company has since worked toward entering joint development agreements in the Permian and Denver-Julesburg basins.
Devon CEO Muncrief to Retire, COO Gaspar to Take Top Job in March
Devon Energy President and CEO Rick Muncrief, who has led Devon during past four years, will retire March 1. The board named COO Clay Gaspar as his successor.
Exxon’s Upstream President Liam Mallon to Retire After 34 Years
Exxon Mobil’s board has appointed Dan L. Ammann, currently Exxon’s low carbon solutions president, to assume Liam M. Mallon’s roles.
Amber CEO Goff Resigns from Exxon Mobil Board
The CEO of Amber Energy Inc., the winning bidder of Citgo Petroleum for an auction price of $7.3 billion, resigned from Exxon Mobil Corp.’s board of directors last week.
Talos Energy CEO Tim Duncan Steps Down; Mills to Take Helm
An analyst said Talos Energy President and CEO Tim Duncan was forced out over share price performance, although other factors may have played a role.
Steve Gray to Retire from Range Resources’ Board
Steve Gray, a member of Range Resources Corp.’s board of directors since 2018, will depart on Oct. 1.
Franklin Mountain Co-founder Paul Foster Steps Down as ERCOT Board Chair
Energy executive Paul Foster, who co-founded Permian E&P Franklin Mountain Energy in 2018, is stepping down as board chairman of the Electric Reliability Council of Texas (ERCOT).
Petrobras CEO Prates to Step Down
Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.