David Meister, a partner in the law firm of Skadden, Arps, Slate, Meagher & Flom, has been named director of enforcement at the Commodity Futures Trading Commission. A former federal criminal prosecutor, he has nearly 25 years of experience in investigations, litigation and trials involving fraud and other complex schemes relating to U.S. financial markets. Meister previously served as an assistant U.S. attorney in the U.S. Attorney’s Office for the Southern District of New York, where he was a member of that Office’s Securities and Commodities Fraud Task Force. Vincent McGonagle, who has been acting director of enforcement since Oct. 1, will continue in that capacity until Meister joins the agency.
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EOG Resources Inc. has retained Meagher Oil & Gas Properties Inc. to sell operated producing properties in Oklahoma’s Lincoln and Oklahoma counties. The package includes an average 99% working interest (80% net revenue interest) in 6,442 net acres in 30 sections of which 2,463 acres are producing. The assets include 19 wells within a six-mile radius producing high-Btu gas from the Pen and Cleveland sands, EOG said. Production is 954 Mcf/d , with 2.5 b/d of oil net projected for June. Estimated net cash flow for June is $270,000. A salt water disposal well and water lines are in place. Upside, said EOG, includes one additional Peru location identified and two Hunton/Oswego extensional locations. The bid due date is May 22; the effective date is June 1. Closing is expected by June 27. Contact Jacque Semple at (918) 481-5900, extension 221.
April 30, 2008
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