Directors

Marathon Oil Corp.’s board of directors on Thursday gave the greenlight to two-year-old plans to separate upstream and downstream operations and form two independent energy companies.

EXCO Resources Inc. CEO Douglas Miller has proposed a buyout of the company at $20.50/share cash, the Dallas-based natural gas-focused exploration and production company said Monday. Oilman T. Boone Pickens as well as two investment firms are said to be in on the offer, which is worth $4.36 billion.

The 20-member board of directors of the national Ground Water Protection Council (GWPC) last week unanimously called for a complete disclosure of chemicals used in the hydraulic fracturing (fracking) process, which is used to develop most of the shale gas wells in the country.

The 20-member board of directors of the national Ground Water Protection Council (GWPC) on Wednesday unanimously called for a complete disclosure of chemicals used in the hydraulic fracturing (fracking) process, which is used to develop most of the shale gas wells in the country.

Following a meeting with President Obama on Wednesday, the BP plc board of directors suspended the company’s dividend, agreed to slash spending and said it would sell up to $10 billion of assets over the coming year to fund a $20 billion claims fund and as a $100 million unemployed workers fund related to the Gulf of Mexico (GOM) disaster (see related story).

Questar Corp.’s board of directors last week gave a thumb’s up to proceed with a tax-free spin-off of the firm’s exploration and production (E&P) and midstream field services businesses to form an independent, publicly traded company to be named QEP Resources Inc.

Questar Corp.’s board of directors on Tuesday authorized its management team to proceed with a tax-free spin-off of the firm’s exploration and production (E&P) and midstream field services businesses to form an independent, publicly traded company to be named QEP Resources Inc.

The board of directors of the National Association of Regulatory Utility Commissioners (NARUC) voted out resolutions last Wednesday supporting financial reform legislation that carves out an exemption from mandatory clearing requirements for legitimate hedging activities in natural gas and electricity markets, and clearly spells out the exclusive jurisdiction of FERC in regional electricity markets.

The board of directors of the National Association of Regulatory Utility Commissioners (NARUC) voted out resolutions Wednesday supporting financial reform legislation that would carve out an exemption from mandatory clearing requirements for legitimate hedging activities in natural gas and electricity markets, and would clearly spell out the exclusive jurisdiction of the Federal Energy Regulatory Commission in regional electricity markets.