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Management

Freeport-McMoRan’s E&P Management Team Ousted

Freeport-McMoRan’s E&P Management Team Ousted

Freeport-McMoRan Inc., which spent more than $9 billion in late 2012 to build its U.S. oil and natural gas business, on Tuesday said the executive management team of its exploration and production arm has been sacked.

April 5, 2016

BLM Concedes ‘Planning 2.0’ Could Impact Oil/Gas Industry

The Interior Department’s Bureau of Land Management (BLM) said a proposed rule that would, among other things, increase public involvement in the way it formulates Resource Management Plans (RMP), would not directly affect the decisions it makes but conceded that it could impact the oil and gas industry.

February 12, 2016

West Virginia Efforts to Lease State-Owned Oil/Gas Rights Slow With Downturn

Efforts that began last year to lease state-owned land on the Ohio River and elsewhere in West Virginia have practically stalled with the sharp decline in oil and natural gas prices, compounding the downturn’s impact on state revenues as severance tax collections have fallen this year, too.

December 18, 2015

Apollo, Warburg Taking More Bets on U.S. Onshore

Private equity (PE) money is continuing to flow into prospective Lower 48 operations, with two deals announced over the past few days that together are worth more than $1 billion.

June 5, 2014

PG&E Gets International Pipe Certifications Amid Continuing Woes

Amid a continuing dark cloud of legal and regulatory accusations of wrongdoing in its natural gas operations, San Francisco-based Pacific Gas and Electric Co. (PG&E) on Tuesday celebrated what it touted as an unprecedented amount of technical recognition for a U.S. natural gas utility.

May 27, 2014
Best Water-Use Methods for Unconventional Wells Hit and Miss

Best Water-Use Methods for Unconventional Wells Hit and Miss

Operators may argue that unconventional drilling using hydraulic fracturing (fracking) doesn't require a lot of the overall water used in the United States. But to paraphrase former Speaker of the House Tip O'Neill: all water is local.

March 28, 2014

Encana’s U.S. E&P Chief Out

Encana Corp., in the midst of a strategic review of its North American onshore business, on Tuesday announced an organizational restructuring following the retirement of formerly key executives.

October 2, 2013

People

As part of a broader set of management succession plan changes,Sempra Energyannounced selection of new CEOs to run its two California utility andU.S. Gas & Powerunits. Under the changes, current CEO of the gas/power subsidiary,Jeffrey Martin, 51, will become CEO ofSan Diego Gas and Electric Co.; current COODennis Arriola, 52, becomes CEO atSouthern California Gas Co.; andPatricia Wagner, 51, Sempra’s current vice president for parent company audit services, becomes CEO of U.S. Gas & Power.

September 27, 2013

Rich Kinder Defends Pipe Maintenance Spending Record

Shares of Kinder Morgan Inc. (KMI) closed up more than 4% Wednesday following a pre-market conference call during which CEO Rich Kinder went through a point-by-point explanation of how the company and its Kinder Morgan Energy Partners (KMP) account for spending to maintain pipelines and other assets.

September 19, 2013

Oxy is California Dreamin’ About Monterey Shale

California’s Occidental Petroleum Corp. (Oxy) is eyeing 7 billion bbl of reserves from the Monterey Shale and other projects in the state, the management team said Tuesday.

August 2, 2013