Deon
Daugherty
Hart Energy
Ring Sells Non-Core Vertical Wells as it Closes in on Lime Rock
Ring Energy Inc. said it sold non-core vertical wells with high operating costs as it works to close an acquisition of Lime Rock Resources IV’s Central Basin Platform assets.
Lone Star State of Mind: Rockcliff Energy III Sets Sights on Texas Shale Assets
Rockcliff Energy III Executive Chairman Alan Smith and CEO Sheldon Burleson have their Quantum Capital-backed company’s Texas-sized ambition focused on the western Haynesville and the Eagle Ford.
Devon Energy’s John Krenicki to Retire from Board
Krenicki plans to focus on his full-time responsibilities as vice chairman at private equity firm CD&R, Devon Energy said
Chord Announces $750MM Notes Offering to Reduce Debt
Chord Energy said it will use part of the funds to reduce its credit facility borrowings. The company is also looking to sell its Marcellus non-operated gas interests.
Phillips 66’s Brouhaha with Activist Investor Elliott Gets Testy
Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of attacks” after the firm proposed seven candidates for the company’s board of directors.
Elliott Nominates 7 Directors for Phillips 66 Board in Big Push for Restructuring
Elliott Investment Management, which has taken a $2.5 billion stake in Phillips 66, said the nominated directors will bolster accountability and improve oversight of Phillips’ management initiatives.
Shell Shakes Up Leadership with Upstream and Gas Director to Exit
Zoë Yujnovich, Shell’s Integrated Gas and Upstream director, will step down effective March 31.
Occidental Temporarily Reduces Warrants Price to Raise $1.6B
Occidental Petroleum’s offer to warrant-holders at a reduced exercise price of $21.30 would raise $1.6 billion, the company said.
Baker Hughes, Frontier Form CCS, Powergen Partnership
Baker Hughes will provide technology solutions to support the Sweetwater Carbon Storage Hub being developed by Frontier Infrastructure in Wyoming.
Dividends Declared Week of Feb. 24
As 2024 year-end earnings wrap up, here is a compilation of dividends declared from select upstream and midstream companies.