Woods

Darren W. Woods, 51, currently president of ExxonMobil Corp., will succeed Rex W. Tillerson as chairman and CEO effective Jan. 1, the board announced Wednesday, one day after Tillerson was nominated by President-elect Trump to become secretary of state.

A federal appeals court in Cincinnati has remanded back to a Youngstown, OH, district court a class action lawsuit against Chesapeake Energy Corp., which holds leases from predecessor operators that allegedly underpaid natural gas royalties to Ohio landowners for more than a decade.

Newfield Exploration Co. has signed a 10-year supply agreement with HollyFrontier Corp. to provide 20,000 b/d of supply capacity at HollyFrontier’s Woods Cross, UT, refinery.

Pennsylvania hunters will likely find a changed woods this hunting season and may be surprised by the level of disturbance and activity on public lands in the north-central, northeastern and southwestern regions of the state, according to a wildlife expert in Penn State’s College of Agricultural Sciences.

Southwest Gas Storage Co. has filed an abbreviated application at FERC seeking the go-ahead to adjust the working storage capacity and base gas capacity of its North Hopeton storage field in Woods County, OK.

Southwest Gas Storage Co. has filed an abbreviated application at FERC seeking the go-ahead to adjust the working storage capacity and base gas capacity of its North Hopeton storage field in Woods County, OK.

Canada’s entry in the arctic natural gas pipeline race is still not out of the woods. Aboriginal consent, a key item for resource developers in the Northwest Territories, continues to elude the C$7 billion (US$5.6 billion) Mackenzie Gas Project.

While some areas of the country appear to be out of the woods as far as heat is concerned, a majority of the East Coast still appears to be in for some warmer than normal temperatures from August through October, according to WSI Corp.

While the refinancing needs of leading U.S. merchant energy companies have diminished to $58 billion from a peak of $90 billion in November 2002, players in the sector continue to grapple with uncertain market rules and regulation, litigation risk and low power prices in many regional power markets, according to a report published last Thursday by Standard & Poor’s Ratings Services (S&P).