WPX Energy

Veriten Closes Inaugural Energy Investment Fund

Retrieved on: 
Wednesday, October 18, 2023
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Veriten, the energy research, investing, and strategy firm, announced today the closing of its debut fund, NexTen LP (“NexTen”), with $85 million in committed capital.

Key Points: 
  • Veriten, the energy research, investing, and strategy firm, announced today the closing of its debut fund, NexTen LP (“NexTen”), with $85 million in committed capital.
  • Participants in the NexTen fund include select energy companies and financial institutions, current and former energy operations and finance professionals, family offices, and Veriten team members.
  • “All of us at Veriten have a passion for energy broadly and recognize the complexity and importance of getting the world’s energy systems right in a very critical time.
  • There is no one-size-fits-all strategy in the future energy world,” added Arjun Murti, Veriten Partner for Energy Macro and Policy.

Phoenix Capital Group Expands into North Dakota

Retrieved on: 
Thursday, August 3, 2023
Jesus, Wall Street, WPX Energy, Powder River Basin, Acquisition, Environment, Hydrocarbon, Oil, Phoenix

DENVER, Aug. 3, 2023 /PRNewswire/ -- Phoenix Capital Group Holdings, LLC, a leading oil and gas mineral rights acquisition enterprise, is excited to announce that it will continue significant expansion into North Dakota. Headquartered in Denver, Colorado, the family-owned company will now be further expanding its footprint into the northern region of the U.S after its most recent acquisition in Williams County.

Key Points: 
  • Summary: Phoenix Capital Group, a leading oil and mineral rights acquisition enterprise, is extending its presence to North Dakota.
  • DENVER, Aug. 3, 2023 /PRNewswire/ -- Phoenix Capital Group Holdings, LLC , a leading oil and gas mineral rights acquisition enterprise, is excited to announce that it will continue significant expansion into North Dakota.
  • Phoenix Capital Group is extending its presence to North Dakota.
  • The newly formed Phoenix Operating LLC will be based in North Dakota as an Exploration and Production (E&P) company and sub-division of Phoenix Capital Group Holdings, LLC while developing its own oil and gas production.

Empire Petroleum Welcomes Larry Faulkner as Chief Financial Officer and Kevin Vann to the Board of Directors

Retrieved on: 
Wednesday, May 3, 2023
Energy, Other Energy, Oil, Gas, Workforce, WPX Energy, NYSE, Devon Energy, Management

Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), today announced that Stephen L. (“Larry”) Faulkner has been promoted to Chief Financial Officer for the Company and J. Kevin (“Kevin”) Vann has been named to the Company’s Board of Directors as an independent director.

Key Points: 
  • Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), today announced that Stephen L. (“Larry”) Faulkner has been promoted to Chief Financial Officer for the Company and J. Kevin (“Kevin”) Vann has been named to the Company’s Board of Directors as an independent director.
  • Mike Morrisett, President and Chief Executive Officer of Empire, commented, “We were pleased to have Larry and Kevin join Empire as a proven management team, and look forward to their positive impact on the business for our shareholders.”
    Larry Faulkner, Chief Financial Officer of Empire, stated, “I look forward to expanding my role with the Company and appreciate the support and confidence of the leadership team and Board of Directors.
  • I was attracted by the quality of the Company’s workforce and asset base and felt there was significant upside to the business.
  • I believe my previous experiences and skill set will prove beneficial to the Company and the Board of Directors, as we prudently grow the business for the benefit of all of our shareholders.”

NGL Energy Partners LP Announces Increase in Adjusted EBITDA Guidance, Indebtedness at December 31, 2022 and Appointment of New Chief Financial Officer

Retrieved on: 
Tuesday, January 3, 2023
Other Transport, Trucking, Other Energy, Transport, Oil, Gas, Energy, Other Natural Resources, Logistics, Supply Chain Management, Natural Resources, Linda, Water, Administration, EBITDA, Williams Companies, Note, Risk management, NGL, Growth, NYSE, Nature, Delaware Basin, Partnership, WPX Energy, Finance

NGL Energy Partners LP (NYSE: NGL) (“the “Partnership” or “NGL”) announced an increase to its Fiscal 2023 Adjusted EBITDA guidance today.

Key Points: 
  • NGL Energy Partners LP (NYSE: NGL) (“the “Partnership” or “NGL”) announced an increase to its Fiscal 2023 Adjusted EBITDA guidance today.
  • The Partnership has increased its Adjusted EBITDA guidance for the current fiscal year from greater than $600 million to greater than $630 million.
  • Of this amount, more than $430 million is expected to be generated from the Partnership’s Water Solutions segment.
  • “As we increase Adjusted EBITDA and reduce indebtedness, we continue to de-lever.”
    In addition, NGL today announces that Brad Cooper will be promoted to Executive Vice President and Chief Financial Officer effective January 13, 2023.

Empire Petroleum Expands Executive Management Team

Retrieved on: 
Wednesday, October 19, 2022
Oil, Gas, Energy, Risk management, Oklahoma State University–Stillwater, CFO, Energy Independence and Security Act of 2007, Devon Energy, Strategic planning, SEC, EVP, Director, Devon, NYSE, United, Securities Act of 1933, National Youth Service scandal, University, Form 10-K, Company, Cherokee Nation, Argentina, Information technology, Board, WPX, Cherokee, WPX Energy, Securities Exchange Act of 1934, Accounting, Petroleum, DVN, Forward-looking statement, Controller, Fayval Williams, Williams Companies, Management

Empire Petroleum (NYSE American: EP) (Empire or the Company), today announced that J. Kevin Vann has joined Empire as an executive officer in the newly created position of Vice President, Finance and Strategic Planning.

Key Points: 
  • Empire Petroleum (NYSE American: EP) (Empire or the Company), today announced that J. Kevin Vann has joined Empire as an executive officer in the newly created position of Vice President, Finance and Strategic Planning.
  • Tommy Pritchard, Chief Executive Officer of Empire, commented, We are delighted to have Kevin join the Empire executive team.
  • I am pleased to join the Company and look forward to collaborating closely with the executive team, the Board of Directors and the rest of the Empire team, said Kevin Vann.
  • Empire Petroleum Corporation is a publicly traded, Tulsa-based oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana, and New Mexico.

Devon Energy Announces Executive Chairman Retirement and Succession Plan

Retrieved on: 
Thursday, September 15, 2022
WPX Energy, Mount Holyoke College, DVN, Wendell Pritchett, NYSE, BP, Growth, Public policy, Wharton School of the University of Pennsylvania, Â, Investment, First Reserve Corporation, CEO, Devon Energy, National Fuel Gas, Leadership, Delaware Basin, Retirement, GLOBE, University, Natural gas, Management, Amoco

On behalf of the Devon team, we extend our gratitude and best wishes to Dave and his wife, Alice, in his retirement.

Key Points: 
  • On behalf of the Devon team, we extend our gratitude and best wishes to Dave and his wife, Alice, in his retirement.
  • Baumann is president of Cross Creek Energy Corp., an energy advisory firm with investments in domestic oil and natural gas.
  • Hager joined Devons executive leadership team in 2009 when he was named the companys executive vice president of exploration and production.
  • He was appointed executive chairman of the board in January 2021 following the companys merger with WPX Energy.

AAON Announces Semi-Annual Cash Dividend, Promotion of Casey R. Kidwell and Election of Independent Chairman and Independent Vice Chair of the Board

Retrieved on: 
Wednesday, May 18, 2022
Director of Administration and Management (Department of Defense), Director, Engineering, Oklahoma State University–Stillwater, Company, Private Securities Litigation Reform Act, McElroy, Lead, AAON, Marketing, Human resource management, Retirement, Heat, Board, Board of directors, Sale, Independent, Administration, WPX Energy, CEO, GLOBE, Management, Science

The Company also announced today that its Board of Directors has promoted Casey R. Kidwell to the position of Vice President of Administration, effective May 12, 2022.

Key Points: 
  • The Company also announced today that its Board of Directors has promoted Casey R. Kidwell to the position of Vice President of Administration, effective May 12, 2022.
  • Mr. Kidwell graduated from Oklahoma State University with a Bachelor of Science in Human Resource Management.
  • Gary D. Fields, President and CEO, stated, Please join me in congratulating Casey on his promotion to Vice President of Administration.
  • I could not be more pleased to have Chip McElroy as the Companys Independent Chairman and Caron Lawhorn as our Independent Vice Chair.

Point Energy Partners Strengthens Delaware Basin Management Team With Significant Promotion and Additions

Retrieved on: 
Tuesday, February 15, 2022
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Utilities, Permian, SandRidge Energy, Crescent Point Energy, Ward, SVP, Mineral, WPX Energy, Partnership, Devon Energy, Senior, Program, LLC, Oil, Delaware Basin, Engineering, Operation, Point Energy Partners, Vortus Investment Advisors, POINT ENERGY PARTNERS, VORTUS INVESTMENT ADVISORS

Point Energy Partners (Point Energy), a Fort Worth, Texas-based private oil and gas exploration company, today announced the promotion of Jay Brenner to Senior Vice President of Operations.

Key Points: 
  • Point Energy Partners (Point Energy), a Fort Worth, Texas-based private oil and gas exploration company, today announced the promotion of Jay Brenner to Senior Vice President of Operations.
  • The company continues to explore growth opportunities including bolt-on acquisitions surrounding their existing acreage in the core of the Delaware Basin.
  • I am delighted to have these three engineering experts with Point Energy and am confident they will help optimize and accelerate the full stack development on our core Texas Delaware Basin leases and minerals, said Point Energy CEO, Bryan Moody.
  • Mr. Acosta joins Point Energy with more than 16 years of drilling and operations experience in the Delaware Basin.

Arcosa, Inc. Announces Appointment of Kimberly Lubel as a New Director

Retrieved on: 
Monday, November 1, 2021
Engineering, Other Construction & Property, Transport, Manufacturing, Construction & Property, Other Manufacturing, Other Transport, Westlake Chemical, Trinity Industries, WPX Energy, Miami University, Retirement, Construction Products Association, University of Texas School of Law, Columbia Senior Executive Program, Trinity, General counsel, Butte Citizens Technical Environmental Committee, NYSE, International studies, Stanford University, Human resources, CST Brands, University, Financial compensation, Valero Energy, Circle K, Private law, Board, Professional Football Compensation Committee, Committee, ACA, Baylor University, Transport, Audit, Compensation, Solution, Executive, International relations, Acquisition, CST, Management

Ms. Lubel is the former Chairman, President and Chief Executive Officer of CST Brands, Inc., and a former senior executive of Valero Energy Corporation.

Key Points: 
  • Ms. Lubel is the former Chairman, President and Chief Executive Officer of CST Brands, Inc., and a former senior executive of Valero Energy Corporation.
  • Ms. Lubels appointment fills the vacant seat following the announced retirement of David W. Biegler that was effective on September 21, 2021.
  • Mr. Joseph Alvarado, currently serving as a member of the Companys Human Resources and Governance and Sustainability Committees, will assume the role of Chairman of the Human Resources Committee effective immediately.
  • David provided strategic continuity through our early days as a new company and continued to provide valuable counsel to the board and management.

Centennial Resource Development, Inc. Announces Second Quarter 2021 Earnings Conference Call

Retrieved on: 
Wednesday, July 28, 2021
Geology of the United States, Geology of Texas, Permian Basin, Petroleum in the United States, WPX Energy

DENVER, July 28, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (Centennial or the Company) (NASDAQ: CDEV) announced today that it will report second quarter 2021 financial and operating results after the market closes for trading on August 3, 2021.

Key Points: 
  • DENVER, July 28, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (Centennial or the Company) (NASDAQ: CDEV) announced today that it will report second quarter 2021 financial and operating results after the market closes for trading on August 3, 2021.
  • Management will host an earnings conference call on August 4, 2021 at 8:00 a.m. Mountain (10:00 a.m. Eastern).
  • Centennial Resource Development, Inc. is an independent oil and natural gas company focused on the development of oil and associated liquids-rich natural gas reserves in the Permian Basin.
  • The Companys assets and operations, which are held and conducted through Centennial Resource Production, LLC, are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.