EOG Resources Inc (NYSE:EOG) reported the promotion of Lloyd W. “Billy” Helms, Jr. to position of Chief Operating Officer. The company also announced Ezra Y. Yacob being promoted to EVP, Exploration and Production, from December 13, 2017. Yacob will be responsible for company’s Midland, Artesia and San Antonio operating areas.
Gary L. Thomas, most recently CEO and President, will continue serving as EOC Resources’ President to allow for the gradual movement of his responsibilities before his retirement. He is anticipated to retire by year-close 2018. Thomas has been a company employee for 39 years, having been worked with a predecessor firm in 1978 as a production and drilling engineer. Since 1998, he has been responsible for managing company’s overall drilling, production, engineering and completions activities.
William R. “Bill” Thomas, Chairman and CEO, reported that the two promotions reported highlight EOG Resources’ extensive high-caliber leadership. Both Ezra and Billy are proven leaders at company. Each has shown exceptional technical leadership and management through years of robust performance in different roles across the firm. Ezra and Billy both exemplify company’s exceptional culture and track record of success.
Mr. Billy Helms, the most recently EVP, Exploration and Production, has experience of 36 years with EOG Resources. Most recently, Helms has been responsible for company’s operations in San Antonio, Artesia and Midland, along with the firm’s Acquisition and Engineering and Business Development activities. Before associating with the headquarters executive management team in 2012, he managed company’s development and exploration activities in Canada and held roles of increasing responsibility in the Houston as well as Midland offices. Helms joined a company’s predecessor firm in 1981.
In the last trading session, the stock price of EOG Resources declined 0.89% to close the day at $111.71. The decline came at a share volume of 1.94 million compared to average share volume of 2.34 million.