The potential of the New Albany Shale is still unproven, industry officials said.
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Marathon Oil Corp. COO David E. Roberts Jr. resigned effective Friday (Dec. 14) to “pursue other interests,” according to the company. Since joining the Houston-based producer in 2006, Roberts had been considered an important contributor to the upstream business. He was named senior vice president for business development and was promoted in 2008 to executive vice president of upstream, overseeing upstream and production. Roberts became COO when the company spun off its refining operations last year to become a pure-play explorer and was said to be on the short list to succeed CEO Clarence Calazot, 62. The company declined to offer further details.
People
Marathon Oil Corp. COO David E. Roberts Jr. has resigned effective Friday (Dec. 14) to “pursue other interests,” according to the company. Since joining the Houston-based producer in 2006, Roberts had been considered an important contributor to the upstream business. He was named senior vice president for business development and was promoted in 2008 to executive vice president of upstream, overseeing upstream and production. Roberts became COO when the company spun off its refining operations last year to become a pure-play explorer (see Daily GPI, July 1, 2011). He was said to be on the short list to succeed CEO Clarence Calazot, 62. The company declined to offer further details.
Obama Re-Election Puts Target on Energy, Say Execs
Following the presidential election, a big target is on the backs of oil and gas interests, according to a panel of industry experts.
With Obama Re-Elected, Big Target on Energy, Say Execs
Following the presidential election, a big target is on the backs of oil and gas interests, according to a panel of industry experts.
EPL, W&T Build GOM Portfolios
EPL Oil & Gas Inc. last week agreed to pay $550 million to a unit of Hilcorp Energy Co. for a package of shallow water Gulf of Mexico (GOM) shelf oil and natural gas interests. W&T Offshore Inc. also built it GOM portfolio last week, after agreeing to pay $228 million to acquire all of Newfield Exploration Co.’s remaining properties in the GOM, a 78-block inventory that covers more than 430,000 gross acres.
San Juan’s Mancos Generates Some Excitement
Calgary-based Encana Corp. and Denver-based Bill Barrett Corp. are stirring up interest in New Mexico’s San Juan Basin, where they are working separately with area drillers to explore in the Mancos Shale.
EPL Pays $550M for Central GOM Package
EPL Oil & Gas, Inc. said Monday it will pay $550 million to a unit of Hilcorp Energy Co. for a package of shallow water Gulf of Mexico (GOM) shelf oil and natural gas interests.
NorthWestern Buys into Montana Bear Paw Basin
Sioux Falls, SD-based NorthWestern Energy Corp. on Tuesday said it has purchased operating and nonoperating natural gas production interests in Montana’s Bear Paw Basin from privately held, Houston-based NFR Energy LLC.
Shale Gas: An Opportunity Wrapped in a Dilemma
Low prices have made dry gas from shales a producers’ problem and an end-user’s dream. But interests at both ends of the market do agree that the right gas price — the equilibrium price — would make shale gas a boon for the country.