Dominion’s Long-Time Chief Tom Farrell Dies
Dominion Energy Inc. Executive Chairman Thomas F. Farrell II, 66, died on Friday after battling cancer.
Tom, as he was known to family, friends and employees, was chairman, president and CEO of Dominion from 2007-2020. He had joined the Richmond, VA-based company in 1995 as general counsel after serving in private practice for 15 years.
Farrell was tapped as president and COO of Dominion in 2004. In 2006, he became CEO, and one year later, the board elected him chairman.
Farrell had served as executive chairman until last Thursday, when he retired.
“Tom was a peerless mentor and outstanding leader who sought to find innovative solutions to challenges at Dominion Energy, in the utility industry and in the community he called home,” said CEO Robert M. Blue, who joined Dominion in 2005. “In his tenure at the company, Tom oversaw an era of prosperity and growth, and a long-term transformation that will have a lasting impact o
Former leader of Dominion Energy dies, one day after retiring
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Former leader of Dominion Energy dies day after retiring
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Evolution Gains Barnett Foothold with $23M Tokyo Gas Deal
Houston-based Evolution Petroleum Corp. is set to enter the Barnett Shale in North Texas with the acquisition of 23,000 net acres from Tokyo Gas Americas Ltd.
Evolution said Wednesday it would pay $23.25 million for the nonoperated position, which currently produces about 22 MMcf/d of natural gas and 13,000 b/d of liquids. In percentage terms, 70% of the production to be acquired is gas and 30% is liquids. Blackbeard Operating LLC, which is backed by private equity firm NGP, is operator of a majority of the assets.
Evolution CEO Jason Brown said the deal would amount to a 75% increase to the company’s current production.