Oil and Gas Investor will recognize the winners of its 9th annual “Excellence Awards” at Hart Energy’s 5th annual Energy Capital Conference on June 7 in Houston.
“The Excellence Awards recognize outstanding accomplishments in industry leadership, E&P success, and financial innovation,” Oil and Gas Investor Editor-in-Chief Leslie Haines said about the reader nominated awards. “As supporters of the industry, we are delighted to honor these individuals and companies for their extraordinary efforts.”
The 2011 honorees include:
• Executive of the Year: Tom L. Ward, chairman and CEO of SandRidge Energy Inc., for leading company growth through activities in the Mississippi Lime play in Oklahoma.
• Best Discovery: Chesapeake Energy Corp. for opening the Utica shale play in Ohio.
• M&A Deal of the Year: Petrohawk Energy Corp. for its $15 billion sale to BHP Billiton Petroleum Ltd. after a seven-year run of acquisitions, drilling and portfolio management.
• Best Field Rejuvenation: Energy XXI for its work in nine fields in the shallow-water Gulf of Mexico acquired from ExxonMobil in late 2010 for $1 billion.
• Corporate Citizen of the Year: Apache Corp. for its numerous community and sustainability programs, including the Apache Foundation’s Trees campaign.
• Turnaround of the Year: Saratoga Resources Inc. for regaining momentum after emerging from bankruptcy in 2010, increasing its market cap tenfold, replacing its reserve by 200 percent and producing a record of 4,000 barrels of oil equivalent per day.
• Financing of the Year: Kodiak Oil & Gas Corp. for issuing common stock and senior notes during 2011 that enabled it to make a nearly $1 billion acquisition in the Bakken shale, doubling the size of the company and creating double-digit production growth.
—Petroleum News
