David N. Parker, president and CEO of the American Gas Association (AGA), Wednesday formally announced that he will retire from AGA at the end of 2010. Parker told the board that his retirement is part of a transition process that he initiated in 2007 to ensure that AGA continues to have a strong leadership team going forward. He has headed the association, whose members primarily are local distribution companies, for 13 years. As part of that transition, Parker announced that two AGA senior staff members are taking on new responsibilities. Paula Gant, promoted to senior vice president, policy and planning, will develop and manage AGA’s policy and regulatory agenda. Laura Sheehan has been promoted to senior vice president, public affairs, where she will oversee AGA’s advocacy and government affairs. In addition, Kyle Rogers, AGA’s chief liaison to NARUC, has been promoted to vice president. The AGA board of directors will form a search committee to identify a successor.
David
Articles from David
3% Tax on Marcellus Wells Proposed in New York
A 3% tax on horizontal wells drilled in the Marcellus and Utica shale plays would help close New York state’s $7.4 billion budget gap, according to New York Gov. David Paterson, who last week proposed just such a tax.
3% Tax on Marcellus Wells Proposed in New York
A 3% tax on horizontal wells drilled in the Marcellus and Utica shale plays would help close New York state’s $7.4 billion budget gap, according to New York Gov. David Paterson, who on Tuesday proposed just such a tax.
Producers to New York Governor: Don’t Forget the Gas Underfoot
New York state economic development and business interests — led by the Independent Oil & Gas Association (IOGA) of New York — last week reminded Gov. David A. Paterson in a letter that his draft energy plan includes expansion of natural gas exploration. Producers and others are pushing for adoption of new rules that would allow development of the Marcellus Shale gas play, while environmentalists are lobbying for stricter standards.
Producers to New York Governor: Don’t Forget the Gas Underfoot
New York state economic development and business interests — led by the Independent Oil & Gas Association (IOGA) of New York — Tuesday reminded Gov. David A. Paterson in a letter that his draft energy plan includes expansion of natural gas exploration. Producers and others are pushing for adoption of new rules that would allow development of the Marcellus Shale gas play, while environmentalists are lobbying for stricter standards.
People
David Crane, CEO of NRG Energy, and Timothy J. Probert, president of Halliburton’s Global Business Lines, have been elected to El Paso Corp.’s board of directors. Crane, 50, will serve on the governance and nominating committee of El Paso’s board. Crane earned a bachelor of arts degree from Princeton University’s Woodrow Wilson School of Public and International Affairs and a juris doctorate from Harvard Law School. Probert, 58, will serve on the health, safety and environmental committee of the board. He received his bachelor of science degree in geology and geography from the University of London in 1972 and is a member of the corporate advisory board of the American Association of Petroleum Geologists.
Texas Lt. Governor Predicts Flat Gas Prices
Natural gas prices are not going to return to the $8-12 range anytime soon, but there will still be a lot of interest in the fuel, according to Texas Lt. Gov. David Dewhurst, who spoke Thursday at NRG Energy Inc.’s financial analysts conference in Houston.
Bank of Montreal Trader Fined $500,000 in CFTC Action
The Commodity Futures Trading Commission (CFTC) said Friday it has entered into a consent order settling charges brought against David P. Lee, a former trader for the Bank of Montreal (BMO), for mis-marking and mis-valuing of BMO’s natural gas options book and deception of the bank (see NGI, Nov. 24, 2008).
Bank of Montreal Trader Fined $500,000 in CFTC Action
The Commodity Futures Trading Commission (CFTC) said Friday it has entered into a consent order settling charges brought against David P. Lee, a former trader for the Bank of Montreal (BMO), for mis-marking and mis-valuing of BMO’s natural gas options book and deception of the bank (see Daily GPI, Nov. 19, 2008).
People
John S. Watson, 52, was elected chairman and CEO of Chevron Corp. effective Dec. 31. Watson, who is currently vice chairman, succeeds David J. O’Reilly, who will retire from the company and its board after a 41-year career, including 10 years as chairman and CEO. The Chevron board also elected George L. Kirkland, 59, to be vice chairman of the board, succeeding Watson in that capacity. As vice chairman and executive vice president of Upstream and Gas, Kirkland will retain responsibility for overseeing Chevron’s global exploration and production activities for crude oil and natural gas. Watson has had a 29-year career with Chevron and was named vice chairman of the corporation on April 1. Watson joined Chevron in 1980 as a financial analyst. He held financial, analytical and supervisory positions before being elected president of Chevron Canada Ltd. in 1996. In 1998 he was elected a vice president of the corporation with responsibility for strategic planning and mergers and acquisitions. In 2000, he led the company’s integration effort following the Chevron-Texaco merger and then became the corporation’s CFO. In 2005 Watson was elected president of Chevron International Exploration and Production. In 2008 he was elected executive vice president for strategy and development. Watson is a director of the American Petroleum Institute. Kirkland joined Chevron as a construction engineer in New Orleans in 1974 and moved to Caltex Pacific Indonesia in 1978. After returning to the United States Kirkland became group manager of Upstream Technology for Chevron Research and Technology Co. in 1990. In 1992 Kirkland was appointed general manager of production for Chevron Nigeria Ltd. In 1996, he was named managing director for Chevron in Nigeria. He became president of the company’s North American Exploration and Production operations in 2001. He was later appointed corporate vice president and president of Chevron’s International Exploration and Production operations in 2002 and assumed his current position in January 2005.
