Oil and Gas Investor Announces 2008 Excellence Awards Recipients - Meet the Winners at Energy Capital Week Conference
Posted on: Tuesday, 26 May 2009, 13:00 CDT
HOUSTON, May 26 /PRNewswire/ -- Oil and Gas Investor announces the 2008 winners of the magazine's annual Excellence Awards program, which began in 2003. Nominations were received from readers. More information about the winning companies is available at www.oilandgasinvestor.com. Petrohawk Energy Corp. CEO Floyd Wilson and other winners will be recognized at Energy Capital Week Conference in Houston June 2-3. (See full agenda at www.energycapitalweek.com.)
2008 Excellence Awards Winners
Executive of the Year - Floyd Wilson, Chairman, President & CEO, Petrohawk Energy Corp.
While leading the Houston-based company, Wilson has reconfigured the firm's asset mix through acquisitions and divestitures, to focus on higher-margin shale plays. The company holds a leading acreage position in the Haynesville shale in northwestern Louisiana, operating some of the play's largest gas wells to date. Earlier this year, it also unveiled a dominant position in the emerging Eagle Ford shale in south Texas.
M&A Deal of the Year - XTO Energy Inc.
Forth Worth-based XTO Energy Inc. is recognized for its purchase of privately held Hunt Petroleum Corp. for $4.2 billion. The largest acquisition in the energy industry for 2008, this deal was significant for XTO. It boosted its proved reserves by 1 trillion cubic feet or 10%, and added nearly 1 million acres of East Texas and Louisiana Haynesville potential, as well as an offshore position. The deal capped a transformational year for XTO, which acquired more than $10 billion of shale and tight-gas assets.
Financing of the Year - Concho Resources Inc.
This Midland-based company is recognized for its $565-million cash purchase of privately held Henry Petroleum last summer, just before the capital-markets window swung shut. Advised by Banc of America Securities, Concho was able to increase its credit facility and add more banks to its lender group, close a private placement of stock and lock in new hedges to make the deal happen.
Best Discovery - Range Resources Corp.
Headquartered in Fort Worth, Range Resources is recognized for its leadership in the Marcellus shale in the Appalachian Basin, which may hold 500 Tcf of gas in place. Geologists long knew of this shale's potential, but Range began to investigate various horizontal drilling and completion techniques to make it commercial, building on its success in the Barnett shale. Range has accumulated a leading acreage and midstream position in the play as well.
Best Field Rejuvenation - Whiting Petroleum Corp
This Denver-based company won the award for its work in the Postle Field in Texas County, Oklahoma. Since it acquired the field in mid-2005, the company has nearly doubled production, from 4,200 net barrels of oil per day then, to 7,900 net per day now. It is currently injecting 140- to 150 million cubic feet of CO2 per day into Morrow sandstones in the field.
Best IR Program - Devon Energy Corp.
Through its strong efforts to engage investors and the general public, Devon, headquartered in Oklahoma City, has successfully communicated its solid business model and long-term growth prospects to the world at large. Through investor conferences, roadshows, oilfield tours, personal visits and community education and outreach, Devon's IR team tells the company's story with creativity and enthusiasm.
Best Corporate Citizen - Chesapeake Energy Corp.
This Oklahoma City company has been in the forefront of promoting increased use of clean-burning, abundant and domestic natural gas. In 2008 as the energy policy debate heated up, Chesapeake, the nation's No. 2 gas producer and most active driller, launched both a television ad campaign and the American Clean Skies Foundation, a Washington-based think-tank to promote greater use of natural gas.
The work of the Foundation has led other U.S. gas producers to join in educating legislators, policy-makers and Americans on the benefits of natural gas as the fuel of America's 21st century.
Meet the Excellence Awards Winners at Energy Capital Week, June 2-3
The following award winners will be recognized at the Energy Capital Week's Forum and Investment Symposium.
Energy Capital Forum - June 2
-- Chesapeake Energy, Award for Best Corp. Citizen. Marc Rowland, CFO
-- XTO Energy Inc., M&A Deal of the Year, Vaughn Vennerberg, president
To learn more and register for the Energy Capital Forum, visit: www.energycapitalweek.com/ForumAgenda.
Energy Capital Investment Symposium - June 3
-- Executive of the Year, Petrohawk, Floyd Wilson, chairman, president and CEO
-- Discovery of the Year, Range Resources, Jeff Ventura, COO
-- Financing of the Year, Concho, Jack Harper, VP of business development and capital markets -- Best Field Rejuvenation, Whiting Petroleum, Pete Hagist, VP Operations & Scott Wehner, Postle Field Manager.
-- Devon Energy, Best IR Program, Vince White, SVP of investor relations
To learn more and register for the Energy Capital Investment Symposium, visit: www.energycapitalweek.com/SymposiumAgenda.
Headquartered in Houston, Hart Energy Publishing's market-leading publications include Oil and Gas Investor, E&P, PipeLine and Gas Technology and FUEL. Hart also offers online information services OilandGasInvestor.com, A-Dcenter.com, EPmag.com, and UGcenter.com, and produces newsletters, including Oil and Gas Investor's A&D Watch, Oil and Gas Investor This Week and OilandGasInvestor.com Today, custom publishing products, conferences and electronic media. Hart Energy Consulting, a division of Hart Energy Publishing, offers a diverse array of informational products for the worldwide energy industry. Multi-client consulting services include the International Fuel Quality Center, the Global Biofuels Center and an annual Crude, Refining & Clean Transportation Fuel Outlook to 2030.
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jlauletta@hartenergy.com
SOURCE Oil and Gas Investor
Source: PR Newswire
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