Marathon Oil Corp. CEO Clarence P. Cazalot Jr., who led the company’s restructuring last year to become a pure-play exploration and production (E&P) company on Wednesday said upstream production in 2011 rose 7% year/year on the “highest level of rig activity in many years.”
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President Obama will nominate Tony Clark, who is currently chairman of the North Dakota Public Service Commission (PSC), to become FERC Commissioner, the White House said. Clark, a Republican, has served at the PSC since 2000. He is the immediate past president of the National Association of Regulatory Utility Commissioners and served in the North Dakota House of Representatives from 1994 to 1997. He holds bachelor’s degrees from North Dakota State University and a master’s of public administration from the University of North Dakota. If approved by the Senate, Clark would join Chairman Jon Wellinghoff and Commissioners Philip Moeller, John Norris and Cheryl LaFleur at the Federal Energy Regulatory Commission. Marc Spitzer, a Republican, stepped down last month after completing a five-year term on the Commission (see NGI, Dec. 19, 2011). Spitzer’s departure left the Commission with three Democrats (Wellinghoff, Norris and LaFleur) and one Republican (Moeller). According to FERC rules, his successor must be a Republican or an independent.
Obama Looks to North Dakota for New FERC Commissioner
President Obama will nominate Tony Clark, who is currently chairman of the North Dakota Public Service Commission (PSC), to become FERC Commissioner, the White House said Monday.
Transportation Notes
After warning during the weekend that one might become necessary, Florida Gas Transmission issued an Overage Alert Day for Tuesday with a 25% tolerance for negative daily imbalances.
Chesapeake Midstream Buys Marcellus System, Eyes More Growth
With one transaction, Chesapeake Midstream Partners LP (CHKM) has become the “biggest gathering system in the Marcellus Shale,” CEO J. Mike Stice said Thursday.
Chesapeake Midstream Buys Marcellus System, Eyes Growth
With one transaction, Chesapeake Midstream Partners LP (CHKM) has become the “biggest gathering system in the Marcellus Shale,” CEO J. Mike Stice said last week.
Noble Energy Takes Lessons from Niobrara to Marcellus
If ever there was an explorer for other producers to take a page from, it just might be Noble Energy Inc., which has quietly become one of the players to watch in the U.S. onshore.
Pay Attention to the States, Shale Contractor Says
If operators and service companies want to succeed in shale plays, they should keep an eye on state regulators, even in states far from where they plan to operate, “simply because those regulations tend to get passed around,” said a contractor active in shale plays.
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Brian Gilvary, who has worked at BP plc for 25 years, has been named CFO effective Jan. 1 and will join the board of directors. Current CFO Byron Grote, 63, will become executive vice president, corporate business activities. Gilvary, 49, has been deputy group CFO and head of finance for BP for nearly two years. He previously was CEO of BP’s commodity trading arm, Integrated Supply and Trading (IST). He also has been a board member of TNK-BP since December, having previously also served on the board from 2003 to 2005. Grote, 63, has been CFO since 2002. In his new role he will have responsibility for BP’s IST, alternative energy and shipping businesses as well as the company’s technology and remediation management activities.
Transportation Notes
Citing mild weather and limited operational flexibility, Tennessee said a systemwide Imbalance Warning will become effective Saturday. All delivery point operators will be required to keep actual daily takes out of the system equal to or greater than scheduled quantities regardless of their cumulative imbalance position. All receipt point operators must keep actual daily receipts into the system equal to or less than scheduled quantities regardless of their cumulative imbalance position.