Executive

Pennsylvania Governor Attempts to Expedite Drilling Permit Process

An executive order (EO) issued by Pennsylvania Gov. Tom Corbett on Tuesday requires the state’s Department of Environmental Protection (DEP) to immediately start looking for ways to speed up the permit process for applications to drill.

July 26, 2012

Marylanders Urged to Back Marcellus Development

Maryland’s portion of the Marcellus Shale may be limited to only the two westernmost counties, but development would benefit the entire state, the executive director of the Maryland Petroleum Council (MPC) told an audience in Hagerstown, MD.

July 16, 2012

Marylanders Urged to Support Marcellus Development

Maryland’s portion of the Marcellus Shale may be limited to only the two westernmost counties, but its development would benefit the entire state, Drew Cobbs, executive director of the Maryland Petroleum Council, told an audience in Hagerstown, MD, on Wednesday.

July 13, 2012

Economist Backs Arkansas Severance Tax Hike

Former natural gas industry executive Sheffield Nelson has enlisted the aid of economist Charles Venus in his campaign to raise the severance tax that Arkansas levies on natural gas production. Raising the tax to 7% would mean an additional $155 million per year for state coffers, the equivalent of less than a day and a half of profits for ExxonMobil Corp., Venus said recently.

June 25, 2012

Economist Backs Arkansas Severance Tax Hike

Former natural gas industry executive Sheffield Nelson has enlisted the aid of economist Charles Venus in his campaign to raise the severance tax that Arkansas levies on natural gas production. Raising the tax to 7% would mean an additional $155 million per year for state coffers, the equivalent of less than a day and a half of profits for ExxonMobil, Venus said recently.

June 19, 2012

New York Fund Urges Chesapeake Shake-Up Following Icahn Letter

Chesapeake Energy Corp.’s shareholders gave a modest thumb’s up Tuesday to the news that Carl Icahn is now the company’s third largest shareholder, and another large shareholder group urged a board shake-up to extract value.

May 30, 2012

Vote Chesapeake Board Members Out, Says NYC Comptroller

Chesapeake Energy Corp. shareholders were urged in a letter sent Thursday by the New York City comptroller to vote against the only two board members up for reelection in June. Meanwhile, the board on Friday adopted a compensation arrangement for outside directors that reduces compensation by 20% and eliminates personal travel on aircraft in which the company has a stake.

May 21, 2012

Eagle Ford Shale Adds $25 Billion to South Texas Economy

Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the South Texas region last year, according to a study released Wednesday by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development.

May 10, 2012

People

Pacific Gas and Electric Co. (PG&E) has now filled its expanded senior leadership team for gas operations under Executive Vice President Nick Stavropoulos, who joined the San Francisco-based combination utility last year to head up a reorganized and more independent gas operating unit. Kevin Knapp signed on as vice president for gas distribution in March, bringing 30 years of industry experience, including National Grid and KeySpan; and Sean Kolassa assumed the new position of vice president, investment planning in February, bringing 15 years of gas experience. In addition, Roland Trevino, vice president for public safety and integrity management, joined PG&E last August after being a senior director at El Paso Natural Gas in Colorado. They join Mel Christopher, senior director for gas system operations, who also brought 30 years of gas industry when he joined PG&E last June. The other gas team leaders include PG&E veterans Kirk Johnson, vice president for gas transmission; Sumeet Singh, senior director of asset knowledge management who previously headed gas engineering operations; and Jane Yura, vice president for standards and policies.

May 7, 2012

Heidelberg Appraisal Well Confirms Field’s Extension, Says Anadarko

A sidetrack appraisal well at the Heidelberg prospect in the deepwater Gulf of Mexico (GOM) has successfully confirmed an extension of up to 1,500 acres, an Anadarko Petroleum Corp. executive said Thursday.

April 20, 2012