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
Bunge, Chevron Announce FID on Oilseed Processing Plant
2024-03-05 - Bunge Chevron Ag Renewables' facility will be used to manufacture low carbon renewable fuels from oilseed.
Shell Taps Bloom Energy’s SOEC Technology for Clean Hydrogen Projects
2024-03-07 - Shell and Bloom Energy’s partnership will investigate decarbonization solutions with the goal of developing large-scale, solid oxide electrolyzer systems for use at Shell’s assets.
Stonepeak Joins Shizen to Form Asian Onshore Wind Platform
2024-03-26 - Stonepeak will have an 80% interest in the onshore wind energy platform, with Japan-based Shizen retaining the remaining 20% interest.
SLB to Acquire Majority Stake in Aker Carbon Capture
2024-03-31 - SLB and Aker Carbon Capture plan to combine their technology portfolios, expertise and operations platforms to bring carbon capture technologies to market faster and more economically, SLB said in a news release.
Occidental Reports ‘Great Progress’ on Net-zero Pathway, DAC
2024-02-21 - Most of Occidental Petroleum’s planned $600 million investment in emerging low-carbon ventures for 2024 will go to direct air capture facility STRATOS, CEO Vicki Hollub says.