EOG Resources Inc. said William R. (Bill) Thomas has been promoted to president and Gary L. Thomas has been promoted to COO. The men will report to CEO Mark Papa until June 2013, when Papa will retire and be succeeded by Bill Thomas. “Although I will continue in my role as day-to-day hands-on chairman and CEO through 2012, I plan to gradually turn over my responsibilities to Bill Thomas six months before I retire,” Papa said. “I am very comfortable transitioning my leadership role to Bill and our very experienced, long-tenured and exceptionally talented team.” Bill Thomas formerly was senior vice president of exploration and has worked for EOG for 32 years. Gary Thomas, formerly senior executive vice president of operations, has been an EOG employee for 33 years. “I consider a key responsibility of an effective chairman is managing a seamless executive transition,” said Papa. “I certainly intend to accomplish that goal. Bill and Gary both exhibit what I characterize as ‘EOG DNA.’ Reflecting EOG’s corporate culture, they are innovative, share a great sense of urgency and are dedicated to working together to make EOG an even more successful company in the future.”
Mark
Articles from Mark
Solar Firm’s Troubles Cast Shadow on Energy Stimulus
A big question mark hangs over global alternative energy markets and U.S. federal stimulus funding in the clean tech space in the wake of Wednesday’s announcement by California-based Solyndra LLC that it was shutting its solar manufacturing operations at a Fremont, CA, plant and seeking Chapter 11 bankruptcy protection.
Wyoming Reports on Fracking Chemical Monitoring
Under a state regulatory process established a little more than a year ago for hydraulic fracturing (fracking), Wyoming has determined that trade secret compounds involving 146 separate chemicals, but not the chemicals themselves, have been granted confidentiality by the state Oil and Gas Conservation Commission (OGCC).
CFTC Nominee Says He’s Up to the Task on Dodd-Frank
Mark P. Wetjen, President Obama’s nominee to succeed the departing Commissioner Michael Dunn at the Commodity Futures Trading Commission (CFTC), assured a Senate panel Thursday that he will be able to make informed and reasoned rulemaking decisions to implement the Dodd-Frank Wall Street Reform Act, although he will be late to the game.
CFTC Nominee Says He’s Up to the Task
Mark P. Wetjen, President Obama’s nominee to succeed the departing Commissioner Michael Dunn at the Commodity Futures Trading Commission (CFTC), assured a Senate panel Thursday that he will be able to make informed and reasoned rulemaking decisions to implement the Dodd-Frank Wall Street Reform Act, although he will be late to the game.
Virginia Senators Push for Offshore Leasing
U.S. Sens. Jim Webb (D-VA) and Mark Warner (D-VA) introduced legislation Wednesday that would open the door for oil and gas exploration and production off the coast of Virginia.
Virginia Senators Want Lease Sale to Move Forward
U.S. Sens. Jim Webb (D-VA) and Mark Warner (D-VA) introduced legislation Wednesday that would open the door for oil and gas exploration and production off the coast of Virginia.
Transparency Cited as Image Issue for Industry
The Environmental Defense Fund’s (EDF) Mark Brownstein held up an oil and gas company’s magazine advertisement touting “responsible” energy development. “The point is, I don’t really know if it’s true. In fact, no one really knows if it’s true.
Environmentalist: No Trust Without Transparency
The Environmental Defense Fund’s (EDF) Mark Brownstein held up an oil and gas company’s magazine advertisement touting “responsible” energy development. “The point is, I don’t really know if it’s true. In fact, no one really knows if it’s true,” said EDF’s energy program deputy director.
Environmentalist: No Trust Without Transparency
The Environmental Defense Fund’s (EDF) Mark Brownstein held up an oil and gas company’s magazine advertisement touting “responsible” energy development. “The point is, I don’t really know if it’s true. In fact, no one really knows if it’s true,” said EDF’s energy program deputy director.
