Carrie M. Fox, vice president of business development at California Resources Corp. (CRC), is today’s featured Forty Under 40 honoree.
Earlier than she expected and with 10 years of experience, Fox was promoted to vice president of business development for CRC, the largest, publicly traded oil and gas producer in California, where she proved instrumental in negotiating and closing over $2 billion in deals for the company.
“Learning how to overlay the value proposition of the company with our potential partners’ needs, strategically allocate risk, negotiate definitive documents and limit the organizational burdens of equity investment was critical to our company’s success at the time,” she said.
“The proceeds generated from the midstream joint venture with Ares and Development Resources Capital were parlayed into our acquisition of Chevron’s interest at Elk Hills,” she continued. “Together these deals were awarded the S&P Global Platts, Global Energy Award’s ‘Corporate Deal of the Year’ in 2018.”
Fox recently left CRC to start her own business, Cygnet Resources.
Click here for Carrie M. Fox’s complete profile.
Take a look at all of the Forty Under 40 honorees.
Recommended Reading
Texas LNG Export Plant Signs Additional Offtake Deal With EQT
2024-04-23 - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.
APA Corp. Latest E&P to Bow to Weak NatGas Prices, Curtail Volumes
2024-05-07 - APA Corp. plans to curtail gas and NGL production in the U.S. owing to weak Waha prices but remains confident it can deliver in the Permian Basin, CEO John Christmann said during a quarterly webcast with analysts.
Kissler: Mideast Tension Elevates Crude Prices—But for How Long?
2024-05-09 - Producers should be aggressive in locking in desirable crude oil prices on an abnormal market strength.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-05-10 - Baker Hughes said oil rigs fell three to 496 this week, their lowest since November, while gas rigs rose one to 103.
Political, Legal Fight Over Biden’s LNG Pause Intensifies
2024-04-10 - In 2021, states and the White House had a similar conflict over offshore oil and gas leasing rights.