New-play developer EOG Resources President Lloyd W. "Billy" Helms Jr. plans to retire May 31 after joining the company via a predecessor in 1981.
A Texas Tech petroleum engineering graduate, Helms is among the pre-1986-oil-bust generation to begin a career in oil and gas before a blight on energy-studies enrollment that ended with new U.S. shale career opportunities at the turn of the century.
Before being named EOG president in 2021, while additionally serving as COO, Helms led the E&P division as executive vice president from 2013 to 2017.
Previously, he ran EOG’s Canadian operations from Calgary and held engineering and acquisition roles.
He will depart the EOG board with more than 230,000 EOG shares and options, according to an EOG proxy statement filed in March.
"Billy has been a champion of utilizing innovation to constantly improve the company throughout his more than 40-year career with EOG," said Ezra Yacob, chairman and CEO.
"He encourages employees to pursue innovative ideas and creative solutions that utilize in-field technology, information technology and new processes to drill better wells for lower cost, more safely and with lower emissions.
“We're incredibly grateful to Billy for his leadership and for his contributions to EOG's culture of continuous improvement. We wish Billy the best as he and his wife pursue the next phase of their lives."
Recommended Reading
Brett: Oil M&A Outlook is Strong, Even With Bifurcation in Valuations
2024-04-18 - Valuations across major basins are experiencing a very divergent bifurcation as value rushes back toward high-quality undeveloped properties.
Crescent Energy to Buy Eagle Ford’s SilverBow for $2.1 Billion
2024-05-16 - Crescent Energy’s acquisition of SilverBow Resources will create the second largest Eagle Ford Shale E&P with production of about 250,000 boe/d, the companies said.
Diamondback Prices Senior Notes to Help Cover Endeavor Deal Cost
2024-04-10 - Diamondback Energy’s notes will help cover cash consideration for the pending acquisition of Endeavor Energy as well as repaying debt owed by Endeavor.
Exclusive: Is TG Natural Resources Looking to Snap Up More?
2024-03-27 - At Hart Energy's DUG Gas+ Conference and Expo in Shreveport, Louisiana, TG Natural Resources' President and CEO Craig Jarchow said the integration of the Rockcliff Energy acquisition is well underway and that "being acquisitive is certainly" in the company's future.
IKAV and VTTI to Buy Majority Stake in Italy's Adriatic LNG Terminal
2024-03-27 - The closing of the deal to buy majority stake in the Adriatic LNG terminal by VTTI and IKAV is expected in the second half of the year.