Concho Resources Inc. (NYSE: CXO) mourns the death of board member Ray Poage, the Permian Basin oil and gas producer said Feb. 4.
Poage joined the Concho board of directors in 2007 and most recently served as a member of the nominating and governance committee. He also served as chair of the audit committee from 2007 until 2018.
Tim Leach, chairman and CEO of Concho, said in a statement:
“Ray was a friend and a colleague, and we are deeply saddened by his passing. He was kind and generous with his support, and we will be continually grateful for Ray’s dedication, guidance and leadership as a member of the community and the Concho board of directors. Our thoughts and prayers are with his family.”
Poage’s career in public accounting spanned more than four decades. Most recently, he served as partner of Pedersen Jones Hughston Poage & Graham, a certified public accounting and advisory firm. From 1980 until his retirement from KPMG in 2002, Poage was a partner at KPMG. During his tenure there, Poage provided accounting services, primarily in the area of taxation, to private and publicly held companies engaged in the oil and natural gas industry.
Based in Midland, Texas, Concho Resources is one of the largest unconventional shale producers in the Permian Basin, with operations focused on acquiring, exploring, developing and producing oil and natural gas resources. Last year, the company extended its position with the all-stock acquisition of RSP Permian for roughly $9.5 billion, including RSP's net debt.
Recommended Reading
Give Us a Signal: Tech Firm Ups E&P Coverage in Remote Plays
2024-07-02 - As E&Ps struggle to transmit information over public networks in out-of-the-way oil and gas basins, tech firm Digi is working to improve its reception.
Drowning in Produced Water: E&Ps Seek Economic Ways to Handle Water Surge
2024-07-01 - Strained disposal limits push beneficial reuse to the forefront for produced water management.
Cracking the Fracking Code: Efficient Approaches to Optimize Wellbores
2024-06-30 - Technology and process innovations improve operational efficiencies even as companies scramble for greener fracking solutions.
At Last, AI Brings Good News for Gas Producers
2024-06-21 - Is artificial intelligence humanity’s power-hungry new friend?
Oceaneering Nabs GoM Umbilical Contract Worth $50MM
2024-06-20 - Offshore services firm Oceaneering secured a large contract with a domestic independent energy customer in the Gulf of Mexico.