Denver-based Bonanza Creek Energy Inc. has appointed Eric T. Greager as CEO and president effective April 11. R. Seth Bullock, a managing director of Alvarez & Marsal, has served as interim CEO since June 2017. Greager, 47, joined Encana Corp. in 2006 and was a vice president and general manager at Encana Oil & Gas (USA) Inc. Greager received a master’s degree in economics from the University of Oklahoma and a bachelor’s degree in engineering from the Colorado School of Mines. Greager “has the right background, leadership and cultural disposition to successfully lead our company” said Chairman Jack E. Vaughn. As part of his compensation package, the board granted Greager an employment inducement award of restricted stock units with a grant-date fair value equal to $4 million to compensate him for forfeited equity compensation from Encana.
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Near-Term Cool Lifts Market; June Called 3 Cents Higher
June natural gas is set to open 3 cents higher Tuesday morning at $3.20 as near-term weather forecasts calls for greater energy demand, yet traders ultimately see weaker prices. Overnight oil markets were mixed.
BLM Finalizes Sage-Grouse Protections in Nevada, California
The Department of Interior’s (DOI) Bureau of Land Management (BLM) has finalized a plan to protect a unique subset of greater sage-grouse with habitat in west-central Nevada and eastern California, building on protections the federal government rolled out last year.
States to Be Sage Grouse Protector, Not Feds
In a milestone decision that the energy industry, state political leaders and environmentalists all support, the Obama administration on Tuesday decided to protect the greater sage grouse with public-private conservation programs at the state level and not through listing of the ground-dwelling bird under the Endangered Species Act (ESA). It amounts to the largest land conservation effort ever undertaken, according to Interior Secretary Sally Jewell.
Sage Grouse Escapes Endangered Species Label; States to Continue Protection
In a milestone decision that the energy industry, state political leaders and environmentalists all support, the Obama administration on Tuesday decided to protect the greater sage grouse with public-private conservation programs at the state level and not through listing of the ground-dwelling bird under the Endangered Species Act (ESA). It amounts to the largest land conservation effort ever undertaken, according to Interior Secretary Sally Jewell.
Western Governors Seek Jewell’s Help on Sage Grouse
Governors of western states have asked for clarification from U.S. Interior Secretary Sally Jewell on the federal agency’s efforts to save the greater sage grouse in the face of congressional action to delay a federal listing decision on the bird.
Warren Resources Plans 25 Coalbed Methane Wells in Wyoming
Warren Resources Inc. plans to drill 25 new coalbed methane (CBM) wells in the Spyglass Hill Unit in Wyoming’s Washakie Basin, a sub-basin of the Greater Green River Basin, the New York City-based exploration and production company said.
Wattenberg, Marcellus Lift Anadarko Volumes
Stronger-than-expected natural gas output from the Marcellus Shale and huge liquids growth from the Greater Wattenberg Field in Colorado contributed to record volumes by Anadarko Petroleum Corp. in the first three months of 2013.
Wattenberg Oil, Marcellus Gas Lift Anadarko Onshore Output
Strong liquids and oil growth from the Greater Wattenberg Field in Colorado, and stronger-than-expected natural gas output from the Marcellus Shale, contributed to record volumes in the first quarter by Anadarko Petroleum Corp.
House Budget Bill Includes Energy Wish List
House Republicans last Tuesday called for greater access to oil and natural gas resources on public lands, restrictions on the Environmental Protection Agency’s (EPA) authority over the energy industry and for Congress to revisit flawed financial reform regulations in the Dodd-Frank law.