Chevron's New CEO Gets $1.5 Million Salary, Stock Awards
Chevron said April 10 it boosted CEO Mike Wirth's salary by 20% to $1.5 million when he took the oil producer's top job two months ago.
Silverpeak Acquires Linn Energy's Uinta Basin Assets For $132 Million
Silverpeak, a New York-based investment management firm, acquired certain assets in the Uinta Basin from Linn Energy Inc., which had previously disclosed the sale in January but didn't name the buyer.
QEP Sales Event: Half-Million Acres Outside Permian Up For Grabs
QEP Resources aims to become a Permian pure player by marketing roughly a half-million acres in the Williston and Uinta basins and the Haynesville Shale.
Foothills Exploration Reports Second Successful Horizontal Uinta Basin Gas Well
Foothills Exploration Inc. provided an update on the successful drilling, completion and flow testing of its Stagecoach 117-20H well that produces commercial quantities of natural gas on Feb. 28.
Vanguard Natural Resources Names Richard Scott Sloan As Founder Scott Smith's Successor
Vanguard’s founder Scott W. Smith stepped down as president and CEO after leading the Houston-based E&P for more 10 years including through financial restructuring in 2017.
Ultra Petroleum Exits Marcellus Shale In Alta Resources Deal
Alta, the operator of the asset, agreed to pay $115 million to buy Ultra Petroleum’s 50% stake in a position spanning 73,000 net acres.
Bill Barrett Ties Fortunes To D-J Basin With Uinta Sale
The Denver-based company will become a pure-play D-J Basin operator following its Uinta exit and plans to use sale proceeds to fund its 2018 drilling program.
Anadarko Petroleum Third-Quarter Loss Misses Expectations
Shares of the Houston-based oil and gas producer, which operates in several U.S. shale fields as well as Algeria, fell 2.4% to $48.20 in after-hours trading even as oil prices inched higher.
Third-Quarter A&D: Permian Lags As PE Buyers Flock To Rockies
The third quarter’s transactions totaled about $8.3 billion, the lowest since the cyclical oil price bottom hit the industry in first-quarter 2016.
Buyers Are Rushing To Non-Permian, Non-Scoop/Stack Plays
Panelists on the A&D Strategies and Opportunities conference roundtable ‘Following the Money’ said the newest interest is in the Rockies.