Chevron Appalachia LLChas named Stacey Olson president. Olson’s appointment was effective June 15. She replaces Nigel Hearne who left the division in January to serve as deputy managing director and was recently named managing director of Chevron’s Australian business unit. Chevron Appalachia oversees the company’s assets in the Marcellus Shale and others in Michigan. Olson joined Chevron in 1989 and has worked for the company in various positions across the world.
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A coalition of seven conservation groups has filed a lawsuit in federal court against the U.S. Bureau of Land Management’s (BLM) allocation of more than 800,000 acres of federal lands in three western states to potential oil shale and tar sands development.
Los Angeles-based Occidental Petroleum Corp. named a new executive vice president/CFO, Cynthia Walker, a managing director with Goldman, Sachs & Co. Walker starts her new job Aug. 6, replacing James Lienert, who will move to the position of executive vice president for business support after two years as CFO. Walker has had a 12-year career with Goldman Sachs, during which she advised clients on energy industry transactions as a senior member of the natural resources group based in Houston. She also was a member of Goldman’s mergers and acquisitions group.
San Antonio-based Howard Energy Partners said Thursday it will acquire the Eagle Ford Escondido Gathering System, which is partially owned by Laredo Energy, and the Cuervo Creek Gathering System from Meritage Midstream Services. Both systems are primarily 12- 16-inch diameter high-pressure gas pipelines. The transaction is expected to close in April.
Noble Energy Inc. and Stone Energy Corp. have agreed to make additional disclosures of how they are managing the risks associated with hydraulic fracturing (fracking), an investment manager organization said Thursday.
Local distribution company (LDC) and large industrial gas consumers have learned a lot over the years about managing their assets more efficiently from gas marketing companies, but the shale boom has created a new challenge.
Appalachian Midstream Partners (AMP) will use a $176 million equity commitment from Avista Capital Partners to develop and expand its Bear Print system to serve Marcellus Shale gas production in north central Pennsylvania, the Columbus, OH-based company said.
Europe’s unconventional commercial gas reserves likely rival those in North America and could begin making contributions to supply in 10 to 15 years, according to IHS Cambridge Energy Research Associates (IHS CERA).
Eagle Ford Gathering LLC, a joint venture (JV) of Kinder Morgan Energy Partners LP and Copano Energy LLC said it will provide services in the Eagle Ford Shale play in South Texas to Chesapeake Energy Marketing Inc. a unit of Chesapeake Energy Corp.