Savings

ConocoPhillips Touts Greater Savings in Concho Acquisition, Reduces Cost and Capital Guidance

ConocoPhillips Touts Greater Savings in Concho Acquisition, Reduces Cost and Capital Guidance

ConocoPhillips raised expected savings on its 2021 acquisition of Concho Resources Inc. to $1 billion and lifted its planned share buybacks by the same amount, a show of confidence in the deal and the company’s outlook as it emerges from the pandemic. The upbeat tone emerged during a market update Wednesday, during which executives emphasized…

June 30, 2021

California Firm Acquires More Kansas Acreage

With an eye for the developing shale potential in Kansas, Irvine, CA-based startup New Western Energy Corp. said Wednesday it has obtained a 90% working interest in the 550-acre Smith Oil & Gas Lease in Chautauqua County, KS. The interest is in acreage that sits adjacent to 1,700 acres that New Western holds in the B&W Oil & Gas Lease.

June 5, 2012

Kasich Plan Spares Conventional Oil, Small Natural Gas Producers

Ohio Gov. John Kasich will reportedly unveil a proposal this week to restructure state taxes on oil and gas drilling and pass the savings along to Ohioans in the form of a personal income tax cut, but conventional oil drilling and small producers of natural gas would not be affected.

March 12, 2012

Kasich Plan Spares Conventional Oil, Small Natural Gas Producers

Ohio Gov. John Kasich will reportedly unveil a proposal next week to restructure state taxes on oil and gas drilling and pass the savings along to Ohioans in the form of a personal income tax cut, but conventional oil drilling and small producers of natural gas would not be affected.

March 6, 2012

Obama Puts $40B in Oil, Gas Tax Breaks on Chopping Block

President Obama proposes to rescind $40 billion in oil and natural gas tax breaks as part of a $467 billion package of savings and offsets to pay for his $447 billion jobs bill, which was to be sent to Congress late Monday.

September 13, 2011

Washington State Rate Changes Take Effect

Natural gas and electric utility rates changed Monday for the state of Washington’s three major private-sector energy utilities: Avista Corp., Cascade Natural Gas Corp. and Puget Sound Energy (PSE). The changes had previously been approved by the Washington Utilities and Transportation Commission (UTC).

November 3, 2010

Industry Briefs

Utility customer purported savings of more than $1.1 billion, development of North America’s largest thin-film solar power installation in operation and contributions of more than $16 million to nonprofit organizations and families in need are the highlights of last year’s operations at San Diego-based Sempra Energy, which recently published its first corporate responsibility report. “Powering the Every Day” focused on the energy holding company’s efforts in sustainability, such as environmental stewardship, employee development, diversity and philanthropy. Efforts to lower environmental impacts of energy operations, such as reducing generation plant emissions and increasing renewable energy and energy efficiency programs were outlined in the report, which is available at www.sempra.com under “Corporate Responsibility.”

August 19, 2009

Dow Chemical Touts Energy Efficiency to Lawmakers

Since 1994, when Dow Chemical Co. first reported its energy and conservation performance, the company says it has saved 1,600 trillion Btu. Dow’s program has resulted in energy savings of $8.6 billion and has prevented 86 million metric tons of carbon dioxide from entering the atmosphere, a company official told U.S. lawmakers.

February 25, 2009

PG&E to Offer 20% Bill Credits in Two Winter Months

Energy savings of at least 10% in January and February next year can earn Pacific Gas and Electric Co. natural gas utility customers 20% discount on their subsequent monthly bills under a program authorized Thursday by the California Public Utilities Commission (CPUC). The “10/20 Program” applies to all PG&E gas customers — residential, business, agricultural and government entities.

October 9, 2006

Enron Employees Told to Ignore Negative Reports in Late 2001, Witness Testifies

A 22-year Enron Corp. veteran, who lost all of his retirement savings when the company collapsed, testified Thursday he and other employees were told in the fall of 2001 to ignore negative press reports about the company’s failing condition and to listen instead to corporate leadership.

March 3, 2006
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