(Source: Shutterstock.com)
SM Energy Co. has brought on Beth McDonald, most recently an executive at Pioneer Natural Resources, to serve as its new executive vice president and COO, effective Sept. 9.
McDonald was executive vice president of strategic planning, field development and marketing for Pioneer and served in various leadership roles at Pioneer in the Permian Basin and South Texas for the past 20 years.
McDonald will transfer her technical skills and expansive knowledge to SM’s Texas and new Utah assets, said President and CEO Herb Vogel. SM Energy is in the process of buying XCL Resources in a deal valued at $2.55 billion.
“[McDonald’s] breadth of experience at Pioneer, including leadership roles in engineering, planning and marketing that spanned both the Permian Basin and Eagle Ford, make her an ideal addition to our team,” Vogel said.
Recommended Reading
Service Companies Innovex, Dril-Quip Complete Merger
2024-09-06 - The combined onshore and offshore services companies Dril-Quip Inc. and Innovex Downhole Solutions, are expected to generate more than $1 billion in annual revenue.
FERC Approves Iberdrola’s $2.6B Deal for Avangrid’s Shares
2024-09-06 - Iberdrola, which owns about 81.6% of Avangrid, said in May it would buy Avangrid’s remaining 18.4% stake, held in outstanding shares that Avangrid doesn’t own.
ECP Buys Majority Stake in Power Provider PROENERGY
2024-09-06 - Energy Capital Partners will acquire a majority interest in PROENERGY Holdings, which has a portfolio of 2.4 gigawatts of operating power plants.
Mach Units Fall 12% After Announcing Offering to Finance M&A Deals
2024-09-05 - Mach Natural Resources (MNR) units are trading down over 12% after announcing plans to sell 7.85 million common units to fund two pending acquisitions in the Midcontinent.
ARC Resources Divests Non-core, Non-Montney Assets
2024-09-05 - ARC Resources did not provide additional information on the divested assets, which the company said had results in proceeds of $59.2 million.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.