North American exploration and production (E&P) executives now have confidence in sustained higher commodity prices this year, which may lead to larger capital spending increases from those publicly announced as well as more mergers and acquisitions (M&A), according to a report by Raymond James & Associates.
Execs
Articles from Execs
SEC, U.S. Attorney Charge Former Nicor Energy Execs With Fraud
The waiting for the other shoe to drop regarding Nicor Energy LLC is over as rumors of fraudulent accounting, which have been swirling since last year, have turned into suits filed by the Securities and Exchange Commission (SEC) and the U.S. Attorney for the Northern District of Illinois.
December 15, 2003
SEC, U.S. Attorney Charge Nicor Energy Execs With Fraud
The waiting for the other shoe to drop regarding Nicor Energy LLC is over as rumors of fraudulent accounting that have been swirling since last year have turned into suits filed by the Securities and Exchange Commission (SEC) and the U.S. Attorney for the Northern District of Illinois.
December 12, 2003
Former Westar Execs Indicted for Trying to ‘Systematically Loot’ Company
Former Westar Energy CEO David C. Wittig and Douglas T. Lake, ex-executive vice president, were indicted last Wednesday by a federal grand jury in Topeka, KS, on 40 counts of conspiracy, fraud and related criminal charges.
December 8, 2003
Former Westar Execs Indicted for Trying to ‘Systematically Loot’ Company
Top federal law enforcement authorities announced Thursday that former Westar Energy CEO David C. Wittig and Douglas T. Lake, ex-executive vice president, were indicted this week by a federal grand jury on 40 counts of conspiracy, fraud and related criminal charges.
December 5, 2003
Judge Gives Enron Employees Right to Recoup Some of Execs’ Compensation
Nearly $53 million in deferred compensation paid to 162 of Enron Corp.’s former best and brightest could be divided among the bankrupt trader’s creditors under a ruling Monday by the U.S. Bankruptcy Court judge handling the case in New York.
September 23, 2003
Enron Task Force Nets Three Former Merrill Lynch Execs
Three former Merrill Lynch financial executives involved in a scheme to help Enron Corp. create sham profits in 1999 surrendered to the FBI in Houston last Wednesday. The Department of Justice (DOJ) alleges that the three violated criminal law, aided and abetted Enron’s violation of criminal law and knowingly caused others to make false statements to a grand jury, the U.S. Congress, the Securities and Exchange Commission (SEC) and the Enron bankruptcy examiner.
September 22, 2003
Former TXU Execs Team Up to Acquire Gas Assets
Four Former TXU Corp. executives, including the former vice chairman and COO of TXU Electric and TXU Gas, have set up shop to acquire, construct and manage natural gas assets in North America. The Dallas-based Estrella Energy LP plans to focus on intrastate and regional interstate pipeline assets.
September 19, 2003
Enron Task Force Nets Three Former Merrill Lynch Execs
Three former Merrill Lynch financial executives involved in a scheme to help Enron Corp. create sham profits in 1999 surrendered to the FBI in Houston on Wednesday. The Department of Justice (DOJ) alleges that the three violated criminal law, aided and abetted Enron’s violation of criminal law and knowingly caused others to make false statements to a grand jury, the U.S. Congress, the Securities and Exchange Commission (SEC) and the Enron bankruptcy examiner.
September 18, 2003
Former Dynegy Execs Plead Guilty in Project Alpha Case
Two former Dynegy Inc. executives face up to five years in prison and $250,000 in fines after they pleaded guilty last Tuesday to one count of conspiracy to commit securities fraud for their part in Project Alpha, a scheme that disguised a $300 million loan as a natural gas trade. The former executives, who agreed to cooperate with prosecutors, are scheduled to be sentenced in October.
August 11, 2003
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