ConocoPhillips Co. on Sept. 8 said that Eric Mullins, cofounder of Lime Rock Resources LP, had been elected by its board of directors to serve as a board member of the Houston-based independent E&P company. Mullins has spent his career in finance, most recently founding Lime Rock Resources alongside partner Charlie Adcock in 2005, a private
Read More...For the first time in more than 30 years, food wrappers, many made of plastics, have replaced cigarette butts as the most littered item on the world’s beaches and waterways, according to an environmental group that coordinates a prominent cleanup. The Washington-based group Ocean Conservancy announced Sept. 8 that its global beach cleanup efforts found
Read More...Baker Hughes Co. is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its CEO said Sept. 8. The company will continue to downsize its oilfield services and equipment portfolio, CEO Lorenzo Simonelli said at the Barclays CEO Energy-Power conference, putting more emphasis on
Read More...For this week’s CEO Issue, I pulled some data from the public filings of companies in our rankings to get an idea of salary and total compensation for these top positions. Some of you long time readers may remember our last ranking of the Highest-Paid Plastics Industry Executives back in 2015. Donald Walker, CEO of
Read More...A new report by the Rocky Mountain Institute (RMI) suggests that Illinois can use clean electricity in households while cutting emissions by replacing gas-fired heat pumps with electric ones. Yet, the RMI report takes several “artistic licenses” in its methodology, which results in a flawed and misleading analysis that, unsurprisingly, oversells electric heat pumps as
Read More...Stuttgart, Germany — Stuttgart-based Coperion GmbH has completed a complex update of a ZSK 250 high-capacity extruder using only remote processes and support. The company says its Coperion ServiceBox, an online monitoring system for extruders and compounders, has evolved over the years to perform more complex mechanical tasks remotely in addition to software updates. Coperion
Read More...Streetsboro, Ohio-based Step2 Co. LLC is ready to return to rotational molding in Georgia by acquiring manufacturing, distribution and shipping assets in Decatur, where it will employ 150-175 people at a new plant there. Step2 also plans to hire another 100 employees for its two Ohio plants, in Streetsboro and Perrysville, to meet high demand
Read More...York, Pa. — At Engel Machinery Inc., a major supplier of injection molding machinery, a two-year leadership transition is now underway. Paul Caprio officially started as president at York-based Engel on Jan. 2. For the next two years, he’s working with as a team with Mark Sankovitch, who has been CEO for more than 10
Read More...Washington County, OH Officials with the Ohio Dept. of Natural Resources (ODNR) are investigating a claim that shale wastewater pumped into an injection well in Washington County, OH is migrating and coming out of producing conventional natural gas wells some five miles away. This post appeared first on Marcellus Drilling News.
Read More...Assets co-owned by Rex and Sumitomo in 2010 (click for larger version) In 2010 gigantic Japanese trading house Sumitomo Corp. bought a 30% stake (joint venture) in Rex Energy’s Marcellus drilling operation in Bulter County, PA for $150.7 million. Sumitomo wrote down much of the value for that purchase in 2015. In 2018 Rex went
Read More...A few weeks ago MDN told you about Peregrine Energy Partners buying royalty payment rights from landowners in Doddridge County, WV (see Peregrine Buys Royalty Rights from Doddridge County, WV Landowners). We have another purchase by Peregrine, this time in Monroe County, OH. Plus a similar company that buys royalty interests has made its second
Read More...We should have known that West Virginia Gov. Jim Justice is in league with his fellow coal baron Robert Murray. Officials from Brooke County, WV, where Energy Solutions Consortium is planning to build a $1.25 billion natural gas-fired power plant, are blaming the long fingers of Bob Murray for a last-minute delay of a state
Read More...Eastern OH counties Aubrey McClendon, then-CEO of Chesapeake Energy, was the first major shale driller to recognize the promise of the Utica Shale play in Ohio (see Chesapeake Energy CEO Aubrey McClendon Talks to Jim Cramer About the Utica Shale in Eastern Ohio). He once famously said the Utica is “the biggest thing to hit
Read More...Craig RuckerExecutive Director, Co-Founder, CFACT … … [Editor’s Note: Pipeline opponents, funded by mega-rich special interests, have used lawsuits as weapons that can easily and will be used against them.] Fracking (horizontal drilling and hydraulic fracturing) has unleashed bounties of US oil and natural gas, dramatically reduced energy prices from their historic 2008 peak, saved families
Read More...A Virginia legislator recently introduced a bill that may make it more difficult for the Mountain Valley Pipeline (MVP) to complete construction, according to Kallanish Energy. Delegate Chris Hurst, D-Montgomery presented a bill that would require that any project requiring 50 or more temporary workers during the coronavirus pandemic get additional state approval from the
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