Board

Range Resources Gives Shareholder Influence on Two More Board Appointments

Range Resources Corp. has agreed to add two independent directors to its board with the oversight and approval of one of the largest shareholders, SailingStone Capital Partners LLC.

July 9, 2018

People — Key Energy CEO

Key Energy Services Inc. has appointed CFO Marshall Dodson as interim CEO after President and CEO Robert Drummond, who has run the company since November 2016, resigned to pursue “another opportunity.” Drummond was prepared to continue in his position for 90 days, but the board named Dodson to take the helm as it searches for a new chief. Drummond is to remain on the board. Key, which restructured following a voluntary bankruptcy filing two years ago, is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. It provides a range of well intervention services, with operations in all major onshore oil and gas producing regions of the continental United States.

May 15, 2018

Briefs — EQT, Rice Merger

EQT Corp., to appease restive shareholders concerned about the $8 billion deal to acquireRice Energy Inc., has launched a nationwide search to add two “independent” board members with midstream experience. The directors would join an internal committee to be formedonce the transaction is completed. Some investors have pushed EQTto scrap the merger and instead separate the midstream and upstream businesses. A special shareholder meeting to approve the merger has been scheduled for Nov. 9. EQT’s board has approved the transaction.

October 25, 2017

People — Simonelli Named BHGE Chairman

Lorenzo Simonelli, president and CEO of Baker Hughes, a GE company (BHGE), has added chairmanto his title, as expected, succeeding GE Chairman/CEO Jeff Immelt, who has retired from the BHGE board. BHGE board member J. Larry Nichols, chairman of Devon Energy Corp., also plans to resign from the board after serving on the Baker Hughes Inc. board for 16 years. With the two resignations, BHGE has reduced the size of its board to nine and named current GE-designee BHGE board member W. Geoffrey Beattie as the lead director. GE owns 62.5% of BHGE.

October 4, 2017

People — Simonelli Named BHGE Chairman

Lorenzo Simonelli, president and CEO of Baker Hughes, a GE company (BHGE), has added chairmanto his title, as expected, succeeding GE Chairman/CEO Jeff Immelt, who has retired from the BHGE board. BHGE board member J. Larry Nichols, chairman of Devon Energy Corp., also plans to resign from the board after serving on the Baker Hughes Inc. board for 16 years. With the two resignations, BHGE has reduced the size of its board to nine and named current GE-designee BHGE board member W. Geoffrey Beattie as the lead director. GE owns 62.5% of BHGE.

September 29, 2017

EQT Fined $1.1M For Violations In Pennsylvania Impoundment Leak Saga

The Pennsylvania Environmental Hearing Board (EHB) has assessed a $1.1 million civil penalty against EQT Corp. for a 2012 impoundment leak in which thousands of gallons of natural gas drilling wastewater were discharged in Tioga County.

June 6, 2017

Stone Energy Considering Options After Bankruptcy

Stone Energy Corp. said this week that it has hired a financial adviser to help the board of directors decide in what direction the company should go after emerging from bankruptcy earlier this year.

April 13, 2017

TransCanada Selling Stakes in Two Northeast Pipelines Into MLP

TransCanada Corp. is looking to sell interest in two northeast pipelines to TC PipeLines LP, its affiliated master limited partnership (MLP), the company announced Monday.

February 28, 2017

Darren Woods to Succeed Tillerson as ExxonMobil Chief

Darren W. Woods, 51, currently president of ExxonMobil Corp., will succeed Rex W. Tillerson as chairman and CEO effective Jan. 1, the board announced Wednesday, one day after Tillerson was nominated by President-elect Trump to become secretary of state.

December 14, 2016

Canadian NatGas Producers Seen Trimming Losses This Year

Canadian natural gas producers will cut their losses this year but still show red ink on their books, an Ottawa business research agency said Thursday.

October 14, 2016
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