One of Callon Petroleum Co.’s major shareholders said it plans to vote against the proposed acquisition of Carrizo Oil & Gas Inc. and is urging the board to instead pursue a sale.
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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.
More than half of Anadarko Petroleum Corp. shareholders voted in favor of a resolution calling for the company to publish an assessment on how its portfolio could be affected by climate change, and most of Range Resources Corp.’s stockholders in their annual meeting gained approval for more information about methane emissions.
Another shareholder is pushing Range Resources Corp. to more openly share its methane emissions reduction efforts, calling on the company to conduct and release a report by September that details how it’s managing the pollutant.
Appalachian pure-play Antero Resources Corp. said Monday that it has taken another step to address its stock discount by forming a special board committee to evaluate ways that would better reflect the company’s overall worth and enhance value for shareholders.
An evolving strategic focus on capital discipline by U.S. onshore exploration and production (E&P) companies that began quietly within the last couple of years is expected to become far more widespread in 2018, with nearly half of a sampled group of independent producers — mostly in the Permian Basin — generating free cash flow (FCF) in 2018, according to BTU Analytics.
EQT Corp. produced an astounding 4 Bcfe/d in December, its first full month of integrated operations after completing the acquisition of Rice Energy Inc. in a deal that gave rise to the nation’s largest natural gas producer.
SandRidge Energy Inc., in a tussle with activist hedge fund billionaire and majority shareholder Carl Icahn, on Monday urged shareholders to stay focused on the benefits of its planned merger with Bonanza Creek Energy Inc.
Proxy advisory firms Institutional Shareholder Services Inc. (ISS), Glass, Lewis & Co. and Egan-Jones Ratings Companyall recommend that EQT Corp.shareholders vote to approve the pending $8 billion acquisitionof Rice Energy Inc. ISS said the “proposed transaction has inherent industrial logic and appears to better position the company to resolve its long-standing sum-of-the-parts discount.” The reports come as EQT continues to contend with shareholders that want the merger scrappedin favor of separating the upstream and midstream businesses. Shareholders are scheduled to vote on the deal at a special meeting on Nov. 9; each board already has approved the merger.