Exploration & Production | People | Drilling Program
Marquee Energy Appoints Painted Pony Chairman to Board
Print
|
Marquee Energy Ltd. has announced the appointment of Mr. Glenn Carley as Chairman of the Board of Directors. Mr. Carley has served as a Director on Marquee's Board since December 2011.
He also currently serves as Chairman of Painted Pony Petroleum Ltd.
The Company has also announced the appointment of Mr. James Wilson to the Board of Directors effective immediately, subject to TSX Venture Exchange approval.
Mr. Wilson has also been appointed Chair of Marquee's Audit Committee. He has more than 30 years of financial executive experience in both public and private Canadian junior and intermediate oil and gas companies. He received his Bachelor of Commerce from the University of Calgary in 1976 and holds professional designations from the Institute of Chartered Accountants of Alberta and an ICD.D from Canada's Institute of Corporate Directors. Mr. Wilson currently serves as Director and Audit Committee Chair of Storm Resources Ltd. and has previously served in executive and Director positions for numerous TSX and TSX Venture Exchange oil and gas companies.
Pursuant to the Company's stock option plan, Marquee has issued certain directors and a new employee, in aggregate, 250,000 stock options entitling them to purchase common shares in the capital of the Company. The stock options have an exercise price of $0.83 each and are exercisable for a term of five years. The option grants are subject to the approval of, and the Company fulfilling the requirements of the TSX Venture Exchange.
Operations Update
The Company will commence a six-well horizontal drilling program at Michichi in early July. The program will focus on following up the recently announced 9-16-30-18 W4M well and 14-15-32-17 W4M well in the southern and northern portions of the now ~25 mile long Michichi fairway. All wells are expected to be on production early in the fourth quarter of 2015.
More People News
ExxonMobil Brings On New VP / Treasurer
ExxonMobil reported that Jim Chapman has been appointed vice president, Tax and Treasurer, effective November 28, 2022. Chapman replaces Jaime Spellings, who has elected to retire after 31…
Coterra Names Jordan CEO; Dinges Takes Chairman Role
Coterra Energy Inc. reported that the Company's Board of Directors appointed Thomas E. Jorden, its President and Chief Executive Officer, as Chairman of the Board effective January 1,…
Evolution Petroleum Taps New President & CEO
Evolution Petroleum announced that the Board of Directors has selected Kelly Loyd as President and Chief Executive Officer. Mr. Loyd had been serving as Interim CEO since June…
Magnolia Oil & Gas CEO Chazen Steps Down; Cites Health Reasons
Magnolia Oil & Gas Corp. announced that Christopher Stavros, the Company's current Executive Vice President and Chief Financial Officer, has been named President and Chief Executive Officer, and…
Devon Chairman Hager to Retire; Barbara Baumann Named to Top Spot
Devon Energy Corp. reported that the company's board of directors expects to appoint Barbara Baumann as chair of the board, succeeding Dave Hager, who has notified the board…
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
North America News
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…
Cenovus Outlines 2026 Development Plan Following MEG Integration
Cenovus’ 2026 plan targets capital investment of $5.0 billion to $5.3 billion (including ~$350 million of capitalized turnaround costs) and upstream production of 945,000 BOE/d to 985,000 BOE/d,…
Gran Tierra Energy To Step Down Activity in 2026
Gran Tierra Energy’s 2026 development plan reflects a step-down in spending and activity as the company transitions from fulfilling Ecuador exploration commitments in 2025 toward a free-cash-flow-focused program.…
Advantage Plans $300–$330MM 2026 Capital Program
Advantage’s 2026 development plan centers on Glacier-focused drilling and key midstream work. The company plans total capital spending of $300 million to $330 million and expects production to…