Apco O&G, WPX Energy’s Alter Ego, Ejects Hill as CEO Too

MDN told you yesterday our theory of why WPX Energy CEO Ralph Hill was booted--due to investor meddling from the company's second largest investor Taconic Capital Advisors (see CEO Shake-up Explained: Taconic Capital Jerking WPX’s Chain). Something we didn't know was that Ralph Hill was also CEO of another company--Apco Oil & Gas International. Apco is the international arm of WPX (drilling in non-U.S. countries). The two companies share most of the same management and the same board of directors. Yesterday Apco issued a press release saying Hill was booted from their company too...

To view this content, log into your member account. (Not a member? Join Today!)