A private equity firm that specializes in shale drilling fired 111 people at its Houston headquarters.
(Bloomberg) EnerVest Ltd., a private equity firm that specializes in shale drilling, fired 111 people at its Houston headquarters, citing “challenging times for the industry.”
The job cuts were made “in an effort to right-size our company and ensure a successful future,” company spokeswoman Lindsey Welch said in an email on Monday.
EnerVest sold its Eagle Ford Shale wells and drilling rights in 2018 for $2.4 billion in a transaction that created Magnolia Oil & Gas Corp. Under the terms of that deal, EnerVest operated the assets on behalf of Magnolia, which is led by former Occidental Petroleum Corp. Chief Executive Officer Stephen Chazen. A Magnolia spokesman declined to comment.
Private equity shale specialist EnerVest fires 111 workers
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Newest regents will provide leadership to help TTUS continue mission
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Gov. Abbott appoints three new Texas Tech regents
Gov. Greg Abbott announced three new appointments to the Texas Tech Board of Regents on Tuesday.
The governor appointed Arcilia Acosta, Cody Campbell, and Pat Gordon to six-year terms set to expire on January 31, 2027. These appointments to the Texas Tech Board of Regents are subject to Senate confirmation.
The three new appointees will fill the vacant seats left by Mickey Long, Ron Hammonds and Christopher Huckabee, who all had terms that expired at the end of January.
“I’d like to congratulate our new regents on their appointments and welcome them to our System family,” Dr. Tedd L. Mitchell, chancellor of the TTU System, said Tuesday. “Each new board member brings a passion for our universities, and I look forward to collaborating with them as we continue to make the Texas Tech University System a dynamic university system.
Gov. Abbott appoints regents to Texas Tech University System Arcilia Acosta, Cody Campbell and Patrick Gordon will join the TTU System Board of Regents for a six-year term. (Source: KCBD) By KCBD Staff | April 14, 2021 at 10:33 AM CDT - Updated April 14 at 10:33 AM
LUBBOCK, Texas
(NEWS RELEASE) - Texas Gov. Greg Abbott appointed three new members to the Texas Tech University System Board of Regents for terms set to expire on Jan. 31, 2027, his office announced today (April 13).
The new appointees are Arcilia Acosta (Dallas), president and CEO of CARCON Industries and Construction and founder and CEO of Southwestern Testing Laboratories (STL) Engineers; Cody Campbell (Fort Worth), co-founder and co-CEO of Double Eagle Energy Holdings and Double Eagle Development; and Patrick Gordon (El Paso), president of Gordon Davis Johnson & Shane P.C.