Larry

Larry Nichols, who now chairs Devon Energy Corp., stood “on top of the Fort Worth Basin” last Tuesday and recalled the turning point for his company — and the global natural gas industry.

Larry Nichols, who now chairs Devon Energy Corp., stood “on top of the Fort Worth Basin” on Tuesday and recalled the turning point for his company — and the global natural gas industry.

Natural gas at $11/Mcf is “kind of like a Saturday night drunk,” Devon Energy Corp. Chairman Larry Nichols said Tuesday. “It may feel good at the time,” but it isn’t sustainable.

Devon Energy Corp. has decided to not accelerate its North American dry gas production other than to secure acreage positions or to test “a few new concepts,” CEO J. Larry Nichols said last week.

Larry Persily, a former aide to ex-Alaska Gov. Sarah Palin, has been nominated by President Obama as federal coordinator for Alaska Natural Gas Transportation Projects. In addition, Patricia Hoffman was nominated to helm the Office of Electricity and Energy Reliability, which has been tasked with creating a smart power grid for the nation. Persily, a former journalist in Alaska, worked for more than 10 years on gas and oil issues for three of the state’s governors, including Palin. Hoffman, a longtime Department of Energy (DOE) official, would serve as assistant secretary for electricity and energy reliability. She has 14 years of experience at the department.

Devon Energy Corp. will cut back on its natural gas drilling until prices begin to rebound, CEO Larry Nichols said last week.

Devon Energy Corp. is cutting back on its natural gas drilling until prices begin to rebound, CEO Larry Nichols said Wednesday.

Natural gas and oil prices may be low, but the energy industry continues to push for more access to drill in the U.S. offshore. It’s all about the future, Devon Energy Corp. CEO Larry Nichols told an audience last week at the Offshore Technology Conference (OTC) in Houston.

Natural gas and oil prices may be low, but the energy industry continues to push for more access to drill in the U.S. offshore. It’s all about the future, Devon Energy Corp. CEO Larry Nichols told an audience at the Offshore Technology Conference (OTC) in Houston.