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Stock impact report

BPX's Koontz: The Rise of a Shale Man [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
But as an architectural engineer in Oklahoma City, the advent of the shale boom ultimately proved too tempting to resist. He worked his way up with SandRidge Energy and joined BP not long before the British energy supermajor made its big shale splash by acquiring the onshore U.S. assets of BHP, eventually launching the BPX Energy brand. Koontz recently took over as the CEO of BPX after his predecessor, Dave Lawler, who also held the title of BP America president, stepped down just days after BP CEO Bernard Looney was removed for personal relationships with employees. Koontz, who was BPX's COO of development, was quickly appointed to take over the onshore U.S. operations. In London, BP interim CEO Murray Auchincloss had the interim tag removed in January, bringing leadership stability back to the company. Now, Koontz is excited to be tasked with leading BPX's rapid, planned growth in U.S. shale in the Permian's Delaware Basin, the Eagle Ford and, eventually, in the Haynesville Show less Read more
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