New-play developer EOG Resources President Lloyd W. "Billy" Helms Jr. plans to retire May 31 after joining the company via a predecessor in 1981.
A Texas Tech petroleum engineering graduate, Helms is among the pre-1986-oil-bust generation to begin a career in oil and gas before a blight on energy-studies enrollment that ended with new U.S. shale career opportunities at the turn of the century.
Before being named EOG president in 2021, while additionally serving as COO, Helms led the E&P division as executive vice president from 2013 to 2017.
Previously, he ran EOG’s Canadian operations from Calgary and held engineering and acquisition roles.
He will depart the EOG board with more than 230,000 EOG shares and options, according to an EOG proxy statement filed in March.
"Billy has been a champion of utilizing innovation to constantly improve the company throughout his more than 40-year career with EOG," said Ezra Yacob, chairman and CEO.
"He encourages employees to pursue innovative ideas and creative solutions that utilize in-field technology, information technology and new processes to drill better wells for lower cost, more safely and with lower emissions.
“We're incredibly grateful to Billy for his leadership and for his contributions to EOG's culture of continuous improvement. We wish Billy the best as he and his wife pursue the next phase of their lives."
Recommended Reading
US LNG to Asia Has Lower Emissions Profile than Coal, Rystad Says
2024-06-12 - LNG emissions are up to 50% lower on average than for coal-fired power generation, even when the fuel is shipped over long distances, according to new research from Rystad Energy.
Former Exxon Exec.’s Company to Develop Guyana Gas Project
2024-06-30 - Fulcrum LNG, recently formed by a former Exxon Mobil Guyana executive, has been selected by the government of Guyana to move forward a project to develop that country’s offshore gas. Baker Hughes and McDermott are also part of the development.
TotalEnergies Joins Ruwais LNG Project in UAE
2024-07-11 - French energy giant TotalEneriges joined the two-train 9.6 million tonnes per annum Ruwais LNG project in the United Arab Emirates with a 10% interest. The LNG project is expected to start sending out cargos in the second half of 2028.
IGU: Global Liquefaction Capacity Expected to Grow by 75% by 2030
2024-07-02 - The International Gas Union (IGU) expects global liquefaction capacity to reach 700 mtpa by 2030, up 75% from 2023, driven by new FIDs and the start-up of other projects under construction.
Expanding Gas Processing Capacity May Increase Permian Crude
2024-05-31 - The development of gas processing plants and a pipeline opening in the Permian Basin are expected to give crude producers a boost in the second half of 2024.