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Tag Archives: Encana

Bonanza Creek Energy Appoints New CEO

Bonanza Creek Energy, Inc. announced the hiring of Eric T. Greager as Chief Executive Officer. Mr. Greager’s appointment as President and Chief Executive Officer will take effect on April 11, 2018. Greager, 47, will be assuming the role from R. Seth Bullock, a managing director of Alvarez & Marsal, who has served as the Company’s interim Chief Executive Officer since ...

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Encana selling holdings in Colorado’s DJ Basin

DENVER— Encana Corp. is selling some once prized oil and gas holdings in Colorado. The Canadian company announced Thursday that its U.S. subsidiary has reached a deal to sell its assets in the oil-rich Denver Julesburg Basin to a partnership headed by the Canada Pension Plan Investment Board. It says the sale, which is subject to regulatory approval, is worth ...

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O&G exec sets sights on film

While oil exploration and filmmaking make for an interesting combination on a LinkedIn profile, oil executive William Divine plans to try his hand at film production. Variety reports Divine, a 30-year energy industry veteran, recently launched Divine Discoveries Productions and plans to offer a more positive perspective of the oil and gas industry. The production company, a subsidiary of consultancy ...

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Erie promises to be stricter on oil and gas, but details unavailable

The town of Erie has drafted a proposed series of guidelines for oil and gas companies that Mayor Tina Harris said are about as strict as possible, and were designed with the citizenry’s myriad quality-of-life concerns in mind. In a study session Tuesday night, the town Board of Trustees tasked Erie’s Planning Commission with reviewing the changes and approving them ...

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New Orleans to host TMS conference amidst low oil prices

The oil and gas industry in Louisiana and the surrounding region will kick off February with the 3rd Tuscaloosa Marine Shale Development Summit and Exhibit in New Orleans. The conference, hosted by Information Forecast (Infocast), is slated for February 3-5. Infocast is one of the leading hosts of energy industry conferences, with five events set for February alone. Although low ...

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Mergers and acquisitions rebound in 2014

As the old saying goes, “business was good” in 2014, literally. Along with initial public offerings (IPOs) surging last year, mergers and acquisitions (M&A) involving oil and gas exploration and production companies rose 23 percent in 2014. M&A deals managed to survive despite the steep drop in crude prices towards the end of the year. According to an end-of-the-year report ...

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Oil’s price bottom uncertain

oil barrels

The Plains-WTI oil price closed at $52.25 per barrel on Tuesday, deepening uncertainty for many local producers now selling their crude for almost half of what they were at the peak earlier this year. The price of oil has yet to find its bottom as a slowdown appeared under way. “People are canceling rigs today, but it’s going to get more ...

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