Darren
Barbee
Oil and Gas Investor
EON Deal Adds Permian Interests, Restructures Balance Sheet
EON Resources Inc. will acquire Permian overriding royalty interests in a cash-and-equity deal with Pogo Royalty LLC, which has agreed to reduce certain liabilities and obligations owed to it by EON.
Diamondback Energy Appoints Industry Veteran Holderness to Board
Diamondback Energy has named Darin G. Holderness, who founded and served as CFO at P&A Exchange LLC and CFO at ProPetro Holding Corp. as a board of directors at the Permian Basin E&P.
Independence Contract Drilling Emerges from Chapter 11 Bankruptcy
Independence Contract Drilling eliminated more than $197 million of convertible debt in the restructuring process.
Exxon Mobil to Cut Almost 400 Jobs in Wake of Pioneer Acquisition
A regulatory filing shows more than 90% of layoffs are at Pioneer’s former headquarters in Irving, Texas with the rest being workers in Midland.
The Latest
Chevron to Lay Off 15% to 20% of Global Workforce
At the end of 2023, Chevron employed 40,212 people across its operations. A layoff of 20% of total employees would be about 8,000 people.
EON Deal Adds Permian Interests, Restructures Balance Sheet
EON Resources Inc. will acquire Permian overriding royalty interests in a cash-and-equity deal with Pogo Royalty LLC, which has agreed to reduce certain liabilities and obligations owed to it by EON.
Diamondback Energy Appoints Industry Veteran Holderness to Board
Diamondback Energy has named Darin G. Holderness, who founded and served as CFO at P&A Exchange LLC and CFO at ProPetro Holding Corp. as a board of directors at the Permian Basin E&P.
Independence Contract Drilling Emerges from Chapter 11 Bankruptcy
Independence Contract Drilling eliminated more than $197 million of convertible debt in the restructuring process.
Exxon Mobil to Cut Almost 400 Jobs in Wake of Pioneer Acquisition
A regulatory filing shows more than 90% of layoffs are at Pioneer’s former headquarters in Irving, Texas with the rest being workers in Midland.
Investment Firm Elliot Calls for Honeywell Restructuring in Letter to Board
As Honeywell’s largest active investor, Elliott Investment Management’s letter to Honeywell International argued that Honeywell should split into two entities—Honeywell Aerospace and Honeywell Automation.
Houston Natural Resources to Rebrand to Cunningham Natural Resources
Now rebranded as Cunningham Natural Resources Corp., the company will continue its focus on traditional oil and gas opportunities and energy transition materials.
Marathon Oil Expects ‘Mass Layoff’ After ConocoPhillips Deal Closes
Marathon Oil’s merger with ConocoPhillips, which is to close by year-end, will trigger a layoff of more than 500 Houston employees, according to a state regulatory filing.
Exclusive: TPL Eyes Midland Growth to Replicate Delaware Basin Success
Texas Pacific Land CFO Chris Steddum discusses the company's approach to acquisitions in both the Delaware and Midland basins, and TPL's selective strategy when evaluating deals, in this Hart Energy Exclusive interview.
ONEOK Replaces Three EnLink Board Directors Post Acquisition Close
Three Global Infrastructure Partner directors are being replaced on EnLink Midstream’s board of directors by members of ONEOK’s executive leadership team.