Continental Resources Inc. on Wednesday made a $340 million pitch to buy Bakken Shale-focused Wheatland Oil Inc., a company controlled by Continental CEO Harold Hamm.
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Harold J. “Bill” Haynes, former chairman and CEO of Chevron Corp.’s predecessor company Standard Oil Company of California, died Wednesday. He was 83. Haynes interrupted his college studies to join the U.S. Navy during World War II. He then graduated from Texas A&M University and began a 34-year career with Standard Oil. He was named president in 1969 and chairman and CEO in 1974. Haynes retired in 1981. He also spent 28 years as a consultant and adviser to the Bechtel companies, the Bechtel family and Fremont Group, a private investment company. “Bill drove tremendous growth in the company and solidified its preeminent position in the industry by the time of his retirement,” said Chevron CEO Dave O’Reilly. “He left an indelible mark on our company, and our industry, by encouraging open dialogue and challenging conventional thinking. He ushered in a new era of communication between the industry, public and news media on energy issues that was truly trend-setting. I speak for our board of directors and employees in saying we are deeply saddened by his passing.”
Fayetteville Shale Pulls Southwestern’s Wagon
Southwestern Energy Co. CEO Harold Korell said Friday that progress in 2007 in the company’s core Fayetteville Shale program and investments in emerging plays across the country have helped to “set the stage” for 30-35% production growth this year.
Fayetteville Shale Pulls Southwestern’s Wagon
Southwestern Energy Co. CEO Harold Korell said Friday that progress in 2007 in the company’s core Fayetteville Shale program and investments in emerging plays across the country have helped to “set the stage” for 30-35% production growth this year.
Allegheny Energy to Appeal Merrill Lynch Case
Confirming his summary judgement made in April of this year (see Daily GPI, April 14), U.S. District Judge Harold Baer Jr. on Monday found against Allegheny Energy Inc. on its breach of contract and fraudulent inducement claims against Merrill Lynch & Co. Inc. over Allegheny’s purchase of Merrill’s Global Energy Markets (GEM) trading business in 2001.
Merrill Lynch Suffers Setback in Legal Battle with Allegheny
U.S. District Judge Harold Baer, Jr. in Manhattan has agreed with Allegheny Energy that its counterclaims against Merrill Lynch should be heard by the court, particularly the charges regarding whether Allegheny was misled when it purchased Global Energy Markets (GEM) from Merrill in 2001 for $490 million and a 2% equity interest in the trading unit.
Merrill Lynch Suffers Setback in Legal Battle with Allegheny
U.S. District Judge Harold Baer, Jr. in Manhattan has agreed with Allegheny Energy that its counterclaims against Merrill Lynch should be heard by the court, particularly the charges regarding whether Allegheny was misled when it purchased Global Energy Markets (GEM) from Merrill in 2001 for $490 million and a 2% equity interest in the trading unit.
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Harold N. (Hal) Kvisle was elected Friday as chairman of the board of directors of the Interstate Natural Gas Association of America (INGAA) for 2004. Mr. Kvisle (pronounced “Quisley”) is the president and CEO of TransCanada Corp. and is the first Canadian national to chair INGAA. He succeeds Fred J. Fowler, president and COO of Duke Energy Corp., as INGAA chairman. Also Friday, INGAA elected its officers for 2004. Keith O. Rattie, president and CEO for Questar Corp. was elected first vice chairman. Paul D. Koonce, CEO for Transmission at Dominion Energy, Inc., was elected second vice chairman. INGAA represents virtually all of the interstate natural gas transmission pipeline companies operating in the United States, as well as comparable companies in Canada and Mexico. Its members transport over 95% of the United States’ natural gas through a network of 180,000 miles of pipelines.
Southwestern Unloads Missouri Utility Assets
Southwestern Energy sold its Missouri gas distribution assets toAtmos Energy last week for $32 million in cash, but SouthwesternCEO Harold M. Korell said the company isn’t ready to part with itsArkansas utility operations to complete its transformation intoentirely an exploration and production company.
Southwestern Unloads Missouri Utility Assets,
Southwestern Energy sold its Missouri gas distribution assets toAtmos Energy yesterday for $32 million in cash, but SouthwesternCEO Harold M. Korell said the company isn’t ready to part with itsArkansas utility operations to complete its transformation intoentirely an exploration and production company.