Apco selects new chairman
TULSA — Apco Oil and Gas International Inc. has named Rick Muncrief as its new chairman, the company announced this week. Muncrief, 55, succeeds James J. Bender, who has retired. Muncrief also is CEO of WPX Energy, which owns a 69 percent controlling interest in Apco. Apco’s other management, led by CEO Bryan K. Gunderian, will not change. “Orderly transitions at Apco have ensured the continuity of our focus and the successful execution of our drilling and development plans,” said Keith E. Bailey, who is chairman of the Apco board’s nominating committee. “We’re pleased to welcome Rick as our next chairman. He’s action-oriented, is a high-character, high-caliber leader and is someone who understands the fundamentals of our sector.”
Muddy Boggy credits released
Mitigation Solutions USA is offering more than 250 additional species credits in central and eastern Oklahoma after completing habitat enhancement activities. It is the company’s second release of Muddy Boggy Conservation Bank credits in Oklahoma. Muddy Boggy is home to the American burying beetle, a species listed as critically endangered by the U.S. Fish and Wildlife Service. It services unavoidable impacts due to development activities in the beetle’s range, which covers most of eastern Oklahoma.
Laredo welcomes new vice president
TULSA — Laredo Petroleum Inc. this week announced that James R. Courtier has joined the company as its vice president of exploration and geosciences technology. Courtier spent eight years at Hess Corp. before moving to Laredo. “James brings to the organization both a geophysical and business background which will be beneficial to the company’s continued success. We look forward to his contributions as we continue to grow,” said Patrick J. Curth, Laredo’s senior vice president of exploration and land.
Cimarex production rises 24 percent
Cimarex Energy Co. produced an average of 425.5 million cubic feet of natural gas equivalent a day from its Mid-Continent assets during the second quarter, the Denver-based company announced this week. That is up 24 percent over the second quarter of 2013. Much of the Mid-Continent production came from the Cana-Woodford area.
Three new wells boost PetroQuest
PetroQuest Energy Inc. recently began production from three new wells in the West Relay field of Oklahoma’s Woodford Shale, the Louisiana-based company announced this week. The wells achieved an average maximum 24-hour gross rate of 4.1 million cubic feet of natural gas and 626 barrels of oil per well. PetroQuest now has completed 14 wells in the field, with two active rigs.
From Staff Reports