Page 12 - NorthAmOil Week 27

NorthAmOil
NEWS IN BRIEF
NorthAmOil
the transaction is $165mn. e agreement is subject to ordinary closing conditions, regulatory approvals and other adjustments and is expected to close in the third quarter of 2019.
“Along with our recently announced agreement to exit China, this transaction shows our commitment to realize value from non-core assets. Proceeds from this sale will be directed to our balance sheet,” said Doug Suttles, Encana president and CEO.
Encana’s Arkoma assets include approximately 140,000 net acres of leasehold and current production of approximately 77mn cubic feet equivalent per day (98% natural gas).
CIBC Gri s & Small provided advisory services to Encana for the transaction. Davis, Graham & Stubbs served as Encana’s external legal counsel.
ENCANA, July 08, 2019
EQT announces certified
results of 2019 annual
meeting of shareholders
EQT today announced that, following certi cation of the voting results at the company’s annual meeting by the independent inspector of elections, shareholders have elected all seven Rice Team-nominated directors as well as the ve nominees supported by both EQT and the Rice Team. All 12 elected directors received more than 80% of the votes cast at the annual meeting. EQT’s Board is now comprised of Lydia Beebe, Dr. Philip Behrman, Lee Canaan, Janet Carrig, Dr. Kathryn Jackson, John McCartney, James McManus II, Anita Powers, Daniel Rice IV, Toby Rice, Stephen orington, and Hallie Vanderhider.
e new EQT board has met and unanimously approved the following board actions. e board elected John McCartney chairman of the board and reconstituted its committees. e Board also appointed Toby Z. Rice president and chief executive o cer. Mr. Rice succeeds Robert McNally, who has le the company. In addition, William E. Jordan has been named executive vice president and general counsel. Mr. Jordan succeeds Jonathan Lushko, who has le the company.
“EQT shareholders have spoken and the vast majority support fundamental change at EQT,” said John McCartney. “I am honored
to serve as chairman of the new board, which is among the most experienced, diverse and capable in the industry. I look forward to working together with my fellow directors and the management team as we work to chart a new path for EQT.”
EQT, July 10, 2019
P12
w w w . N E W S B A S E . c o m
Week 27 11•July•2019