Craig

Craig Donohue, who has been CME Group’s CEO since 2004, will step down when his contract expires in December, the Chicago-based derivatives marketplace announced. The board has appointed current Executive Chairman Terrence Duffy to the expanded role of executive chairman and president, and current President Phupinder Gill to take over as CEO when Donohue’s contract expires. Additionally, the board extended Duffy’s and Gill’s contract agreements. “Donohue, Duffy and Gill, who have worked together in the office of the CEO for the last eight years, will work together over the next several months to effectuate an orderly leadership transition,” the board said. Duffy will continue to take a hands-on approach in government relations, corporate marketing and communications. Gill, who will report to Duffy, will be responsible for all other aspects of running the company. The current management team will remain in place, the board said.

Craig Donohue, who has been CME Group’s CEO since 2004, will step down when his contract expires in December, the Chicago-based derivatives marketplace announced Monday. The board has appointed current Executive Chairman Terrence Duffy to the expanded role of executive chairman and president, and current President Phupinder Gill to take over as CEO when Donohue’s contract expires. Additionally, the board extended Duffy’s and Gill’s contract agreements. “Donohue, Duffy and Gill, who have worked together in the office of the CEO for the last eight years, will work together over the next several months to effectuate an orderly leadership transition,” the board said. Duffy will continue to take a hands-on approach in government relations, corporate marketing and communications. Gill, who will report to Duffy, will be responsible for all other aspects of running the company. The current management team will remain in place, the board said.

The Marcellus Shale Coalition (MSC) has elected a top Chesapeake Energy Corp. executive to lead the industry coalition into 2012.

A pilot horizontal well drilled by Petrohawk Energy Corp. in the Haynesville Shale began flowing Sunday at an average rate of 16.8 MMcf/d, the Houston-based independent reported. On the news, Petrohawk’s share price jumped almost 8% in heavy trading.

Sen. Craig Thomas (R-WY) plans to introduce legislation possibly as early as next month to halt future oil and natural gas leasing in the forested areas of the Wyoming Range, a spokesman said.

Sen. Craig Thomas (R-WY) plans to introduce legislation possibly as early as next month to halt future oil and natural gas leasing in the forested areas of the Wyoming Range, a spokesman said.

Sens. Byron Dorgan (D-ND) and Larry Craig (R-ID) plan to introduce bipartisan energy security legislation Wednesday that, among other things, would permit U.S. producers to explore for oil and natural gas in Cuban waters located as close as 45 miles from Florida.

After seven technical conferences and four alternative dispute-assisted settlement conferences addressing the capacity allocation problems on El Paso Natural Gas, FERC Chairman Pat Wood told the pipeline, its customers and state regulators last week that “we kind of need to close this baby out.” El Paso President Patricia Shelton agreed, adding “it’s getting ugly.”

Vector Pipeline has appointed Craig R. Fishbeck as president ofVector. Vector believes that Fishbeck’s extensive industryexperience and knowledge of Vector’s market area position him wellto lead the company through its December 2000 start-up and comingyears of growth. The pipeline also believes Fishbeck’s appointmentstrengthens Vector’s role as a vital link between the Chicago Huband Dawn, Ontario, to help meet the growing demand for natural gasin the U.S. Midwest, Eastern Canada and the U.S. Northeast.Fishbeck comes to Vector from CMS – Panhandle where he held theposition of vice president, marketing.