•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Canada's Archer appoints Perrier new CEO

    Vancouver, British Columbia, CANADA – Archer Petroleum Corp. has named Claude V. Perrier III CEO and a director of the company. 

    Perrier has 30 years of experience in the industry. Since 1998, Perrier has been the managing director of Henican Terrebonne Property and since 2000 has been a director of the Louisiana Landowners Association. He founded the Land Management Group in 1985. He received his bachelor’s degree from Louisiana State University.

    Victor Barcot is stepping down as CEO, but will remain an active director of the board.

    To position Perrier on the board, co-founder Arni Johannson has stepped down as a director of the board and will move to an advisory role within the company.

    Canadian-based Archer Petroleum Corp. is an independent oil and gas company focused on the exploration and development of its assets in North America including the Permian Basin of West Texas and the Bakken Shale of North Dakota. 

    The company entered the play in February when its subsidiary, Contact Oil & Gas USA Inc., purchased a 50% working interest in 1,475 gross mineral acres located in Burke County, North Dakota from a large private operator in the region. 

    Source:  Archer Petroleum Corp.

    Most Popular

    Related Articles

    Ameredev closes equity commitment of $250M from EnCap Investments

    07/08/2015

    American Resource Development LLC (Ameredev) has closed an equity commitment of $250 million from EnCap Investments.

     

    Unconventional resources

    07/08/2015

    Cost deflation and the effect on 2015 breakeven prices 

    Legacy updates on Permian funding and on East Texas purchase

    07/06/2015 The operating subsidiary of Legacy Reserves LP (Nasdaq: LGCY) has entered into an agreement with funds managed by TPG Special Situations Partners (TSSP) to fund horizontal development of certain of...

    LINN Energy signs funding agreements, sells remaining Wolfcamp assets

    07/06/2015 LINN Energy LLC has signed definitive agreements with Quantum Energy Partners and with GSO Capital Partners LP, the credit platform of The Blackstone Group LP. Additionally, LINN Energy has signed ...

    Ring Energy completes Delaware Basin acquisition

    06/30/2015

    Ring Energy Inc. has closed its acquisition of the Delaware Basin acreage located in Culberson and Reeves counties, Texas, for a purchase price of $75 million.

    IHS: Wolfcamp Delaware play offers promise as it matures

    06/24/2015 Located in the western portion of the Permian Basin, which straddles the Texas-New Mexico border, the Wolfcamp Delaware play is an emerging hydrocarbon play that, according to new analysis from IHS...

    More Oil & Gas Financial Articles

    Ameredev closes equity commitment of $250M from EnCap Investments

    Wed, Jul 8, 2015

    American Resource Development LLC (Ameredev) has closed an equity commitment of $250 million from EnCap Investments.

     

    Unconventional resources

    Wed, Jul 8, 2015

    Cost deflation and the effect on 2015 breakeven prices 

    Legacy updates on Permian funding and on East Texas purchase

    Mon, Jul 6, 2015

    The operating subsidiary of Legacy Reserves LP (Nasdaq: LGCY) has entered into an agreement with funds managed by TPG Special Situations Partners (TSSP) to fund horizontal development of certain of Legacy's Spraberry, Wolfcamp, and Bone Spring rights in the Permian Basin. Additionally, Legacy has entered into separate agreements with affiliates of Anadarko Petroleum and Western Gas Partners LP to purchase natural gas properties and gathering and processing assets in East Texas for a combined $440 million.

    LINN Energy signs funding agreements, sells remaining Wolfcamp assets

    Mon, Jul 6, 2015

    LINN Energy LLC has signed definitive agreements with Quantum Energy Partners and with GSO Capital Partners LP, the credit platform of The Blackstone Group LP. Additionally, LINN Energy has signed a definitive agreement to sell its remaining position in Howard County, Texas, in the Permian Basin for a contract price of $281 million.

    Ring Energy completes Delaware Basin acquisition

    Tue, Jun 30, 2015

    Ring Energy Inc. has closed its acquisition of the Delaware Basin acreage located in Culberson and Reeves counties, Texas, for a purchase price of $75 million.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ