SandRidge Energy Inc. founder Tom Ward, the former chairman and CEO, was replaced Wednesday by the board of directors, which said its decision was “in the best interests of the company and its shareholders at this time.”
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Colorado Gov. John Hickenlooper said Wednesday the state hopes to avoid a lengthy court battle with the City of Longmont over newly enacted natural gas and oil drilling regulations, which challenge the state’s authority to regulate energy operations.
After a second quarter of strong production growth in the Bakken Shale and Anadarko Woodford, Oklahoma City-based Continental Resources Inc. said it is ahead of schedule on its five-year plan to triple production.
The federal government is kicking in $4.5 million in grant money to support development of technology to crack ethane more cheaply and efficiently. The grant to LyondellBasell is one of 13 announced by the U.S. Department of Energy totaling $54 million that are intended to increase energy efficiency and cut manufacturing costs.
Local distribution company (LDC) and large industrial gas consumers have learned a lot over the years about managing their assets more efficiently from gas marketing companies, but the shale boom has created a new challenge.
Energy independence is “not realistic for the United States or almost any other country,” and it may not be the best strategy to pursue, ExxonMobil CEO Rex Tillerson said last week.
Energy independence is “not realistic for the United States or almost any other country,” and it may not be the best strategy to pursue, ExxonMobil CEO Rex Tillerson said this week.
Judging from a recent survey, the secondary capacity marketappears to be working efficiently and not putting a crimp on gasindustry competition. While deal activity is leveling off, themarket is still dynamic enough to accommodate new entrants,according to energy industry consulting firm Skipping Stone Inc.