Midyear Meeting JUNE 25–26, 2018 | AUSTIN, TX HYATT REGENCY LOST PINES RESORT & SPA
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United States District Court Southern District of Texas Houston Division
Case 4:10-md-02185 Document 113 Filed in TXSD on 02/14/11 Page 1 of 182 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION In re BP plc Securities Litigation No. 4:10-md-02185 Honorable Keith P. Ellison LEAD PLAINTIFFS NEW YORK AND OHIO’S CONSOLIDATED CLASS ACTION COMPLAINT FOR ALL PURCHASERS OF BP SECURITIES FROM JANUARY 16, 2007 THROUGH MAY 28, 2010 Case 4:10-md-02185 Document 113 Filed in TXSD on 02/14/11 Page 2 of 182 TABLE OF CONTENTS Page I. INTRODUCTION ...............................................................................................................2 II. JURISDICTION AND VENUE ........................................................................................11 III. THE PARTIES ..................................................................................................................11 A. Plaintiffs .................................................................................................................11 B. Defendants .............................................................................................................12 C. Non-Party ...............................................................................................................17 IV. BACKGROUND ...............................................................................................................17 A. BP’s Relevant Operations ......................................................................................17 B. BP’s Process Safety Controls Were Deficient Prior to the Class Period ...............18 -
Obama Vows Help As BP Sees Oil Spill Progress 5 June 2010, by Allen Johnson
Obama vows help as BP sees oil spill progress 5 June 2010, by Allen Johnson As Obama promised assistance, oil spill-stricken Gulf of Mexico residents anxiously awaited news about BP's latest effort to contain the massive leak, now the worst environmental disaster in US history. The firm has lowered a containment vessel over a leaking ruptured well-pipe allowing oil to collect and be siphoned up via a tube to the Enterprise, a container ship on the surface. The US official overseeing the response to the spill, Marine One with US President Barack Obama aboard Admiral Thad Allen, was to provide an update on and a second support helicopter fly to New Orleans after the process at 1445 GMT, amid uncertainty about Obama met with local business owners and residents in just how much oil was being collected. Grand Isle, Louisiana. US President Barack Obama has promised to use "every resource" to help those affected "The flow of oil and gas to the Enterprise was shut by the Gulf of Mexico oil spill, as Americans await news down for three hours overnight," said Coast Guard of BP's latest containment effort. spokesman First Class Petty Officer Zach Zubricki. "It resumed at 3:30 am (0730 GMT)," he told AFP, saying he had no information on how much oil was US President Barack Obama promised on being captured. Saturday to use "every resource" to help those affected by the Gulf of Mexico oil spill, as An estimated 20 million gallons of crude has Americans awaited news of BP's latest poured into the Gulf since an April 20 explosion containment effort. -
Stoxx® Global 1800 Oil & Gas Index
STOXX® GLOBAL 1800 OIL & GAS INDEX Components1 Company Supersector Country Weight (%) Exxon Mobil Corp. Oil & Gas US 14.06 Chevron Corp. Oil & Gas US 12.31 TOTAL Oil & Gas FR 7.51 BP Oil & Gas GB 5.82 ROYAL DUTCH SHELL A Oil & Gas GB 5.14 Enbridge Inc. Oil & Gas CA 4.57 ConocoPhillips Oil & Gas US 3.42 TC ENERGY Oil & Gas CA 2.97 PHILLIPS 66 Oil & Gas US 2.37 KINDER MORGAN Oil & Gas US 2.26 EOG Resources Inc. Oil & Gas US 2.20 Schlumberger Ltd. Oil & Gas US 1.98 Suncor Energy Inc. Oil & Gas CA 1.89 Valero Energy Corp. Oil & Gas US 1.87 ENI Oil & Gas IT 1.82 MARATHON PETROLEUM Oil & Gas US 1.79 Williams Cos. Oil & Gas US 1.68 Canadian Natural Resources Ltd Oil & Gas CA 1.47 VESTAS WIND SYSTEMS Oil & Gas DK 1.43 Occidental Petroleum Corp. Oil & Gas US 1.27 NESTE Oil & Gas FI 1.23 EQUINOR Oil & Gas NO 1.17 Pioneer Natural Resources Co. Oil & Gas US 1.12 ONEOK Inc. Oil & Gas US 1.05 PEMBINA PIPELINE CORP Oil & Gas CA 1.02 Woodside Petroleum Ltd. Oil & Gas AU 1.02 Hess Corp. Oil & Gas US 1.00 REPSOL Oil & Gas ES 0.97 JXTG HOLDINGS INC. Oil & Gas JP 0.86 Halliburton Co. Oil & Gas US 0.83 CONCHO RESOURCES Oil & Gas US 0.79 SNAM RETE GAS Oil & Gas IT 0.78 BAKER HUGHES Oil & Gas US 0.73 AUSTRALIAN PIPELINE Oil & Gas AU 0.57 DIAMONDBACK ENERGY Oil & Gas US 0.54 Inpex Corp. -
Virtual Global Oil and Gas Conference Agenda
Virtual Global Oil and Gas Conference Agenda Tuesday, May 19, 2020 Times are listed in Central Daylight Time (CDT) (F) = Fireside Chat 8:00 a.m. Tourmaline Oil Corporation Mike Rose, President & CEO 8:50 a.m. Pembina Pipeline Corporation (F) Scott Burrows, Senior VP & CFO 9:40 a.m. Magellan Midstream Partners, L.P. (F) Aaron Milford, Chief Operating Officer 10:30 a.m. Evidence Lab Cody Rice, Solution Specialist –Energy Ben Nunnery, Engagement Manger 11:20 a.m. Rystad Energy (F) Artem Abramov, Head of Shale Research 12:10 p.m. Northern Oil & Gas Nicholas O'Grady, Chief Financial Officer Mike Kelly, EVP of Finance 1:00 p.m. Noble Energy (F) Brent Smolik, President & COO 1:50 p.m. TechnipFMC plc Doug Pferdehirt, Chairman & CEO 5:00 p.m. Conference concludes Companies hosting 1x1 meetings only: Berry Corporation, BP, Devon Energy Corporation, Eni SpA, Equinor ASA, GeoPark Limited, Magnolia Oil & Gas Corporation, Panhandle Oil and Gas Inc, Penn Virginia Corp, Schlumberger Ltd, Sundance Energy, Tellurian Inc, , Vista Oil & Gas, Western Midstream Partners. © UBS 2020. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved. All pictures or images presented herein are for illustrative purposes only. No relationship, association, sponsorship, or endorsement is suggested or implied between UBS and any landmarks or properties, o r with their respective owners, organizations, management, sponsors, investors or patrons Virtual Global Oil and Gas Conference Agenda Wednesday, May 20, 2020 Times are listed in Central Daylight Time (CDT) (F) = Fireside Chat 8:00 a.m. -
Effective Tax Rates for Oil and Gas Companies Cashing in on Special Treatment
Effective Tax Rates for Oil and Gas Companies Cashing in on Special Treatment July 2014 Table of Contents Page Results in Brief …………………………………………………………………….. 3 Discussion ……………………………………………………………………………. 4 Conclusion …………………………………………………………………………… 6 Notes …………………………………………………………………………………… 6 U.S. Federal Effective Tax Rates, 2009-2013 …………………………… 7 Foreign Effective Tax Rates, 2009-2013 ………………………………..... 8 Deferred Tax Liabilities from Property, Plant, and Equipment in 2012 and 2013……………………………………………………………………….. 9 Appendix: Company Profiles ExxonMobil Corporation ……………………………………………......... 10 ConocoPhillips …………………………………………………………………. 12 Occidental Petroleum Corporation …………………………………….. 14 Chevron Corporation ………………………………………………………… 15 Anadarko Petroleum Corporation ………………………………………. 17 Chesapeake Energy Corporation …………………………………......... 19 EOG Resources, Inc. …………………………………………………........ 20 Devon Energy Corporation …………………………………………......... 22 Apache Corporation ………………………………………………………….. 23 Pioneer Natural Resources Company ………………………………….. 25 Continental Resources, Inc. ……………………………………………… 27 Marathon Oil Corporation …………………………………………………. 28 Hess Corporation ……………………………………………………………… 29 Range Resources Corporation ……………………………………………. 30 Plains Exploration & Production Company …………………………. 31 SandRidge Energy, Inc. ……………………………………………………. 33 Whiting Petroleum Corporation …………………………………………. 34 Denbury Resources, Inc. ………………………………………………….. 35 Noble Energy, Inc. …………………………………………………………… 36 Concho Resources Inc. …………………………………………………….. 37 Company Notes ………………………………………………………………… -
Conocophillips Completes Acquisition of Concho Resources
925 North Eldridge Parkway Houston, TX 77079-1175 Media Relations: 281-293-1149 www.conocophillips.com/media NEWS RELEASE Jan. 15, 2021 ConocoPhillips Completes Acquisition of Concho Resources HOUSTON – ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by shareholders of both companies. “We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it will deliver,” said Ryan Lance, ConocoPhillips chairman and chief executive officer. “This acquisition results in the combination of two premier companies that can lead the structural change for our vital industry that’s critical to investors. We expect the company to deliver differential performance on three key mandates: providing affordable energy to the world, generating superior returns on and of capital and demonstrating ESG leadership.” Lance added, “I also welcome Tim Leach to ConocoPhillips’ board of directors and executive leadership team. Tim and his organization built a best-in-class Permian company and we both look forward to creating significant value from this transaction. Thanks to the considerable efforts of our transition teams over these past few months, we’re off to a fast start toward seamlessly integrating our two companies and building momentum as a sector leader.” ConocoPhillips and Concho will each file the vote results for their respective special shareholder meetings on a Form 8-K with the U.S. Securities and Exchange Commission. In accordance with the terms of the merger agreement, each share of Concho common stock was converted into the right to receive 1.46 shares of ConocoPhillips common stock at the effective time of the merger. -
Permian Basin
BUSINESS VALUATION & FINANCIAL ADVISORY SERVICES VALUE FOCUS Exploration & Production Second Quarter 2017 // Region Focus: Permian Basin Executive Summary 2017 Although oil prices have increased over the last 12 After instituting their first production cuts in eight years Q1: Eagle Ford months, they fell over the second quarter from $50.54/bbl last quarter, OPEC and non-OPEC producers met in to $46.02/bbl on June 30, 2017. Over the last couple of May, agreeing to extend production cuts for nine more Q2: Permian Basin years many companies postponed exploration activities months. OPEC’s stated goal was keeping the price of oil and cut capital projects to drill new wells because of the above $50 per barrel and aimed to bring stocks down to Q3: Bakken depressed oil prices. However, because oil prices have 2.7 billion barrels. Even if OPEC maintains production now settled around $50/bbl, producers are working to cuts, rising U.S. shale oil output is thought to temper the cut costs and increase efficiency in this new oil price results of OPEC’s reduction in supply. Q4: Marcellus and Utica environment. Ongoing oil prices remain below normal levels, but exploration and production activities have As oil prices stabilized around $50 per barrel, the number recovered significantly from their low in May 2016. The of oil and gas companies filing for bankruptcy declined. Baker Hughes North American (U.S.) total oil rig count Fourteen oil and gas companies went bankrupt in the increased over 14% during the second quarter of 2017 first half of the 2017 compared to 51 in the first half of and is up 124% over rig counts 12 months ago. -
Conocophillips Announces Significant Oil Discovery in the Norwegian Sea
925 North Eldridge Parkway Houston, TX 77079 Media Relations: 281-293-1149 www.conocophillips.com/news-media NEWS RELEASE Dec. 22, 2020 ConocoPhillips Announces Significant Oil Discovery in the Norwegian Sea HOUSTON – ConocoPhillips (NYSE: COP) today announced a new oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeast of the Heidrun Field in the Norwegian Sea. ConocoPhillips Skandinavia AS is operator of the license with 80 percent working interest. Pandion Energy AS is license partner with 20 percent working interest. Preliminary estimates place the size of the discovery between 75 million and 200 million barrels of recoverable oil equivalent. Extensive data acquisition and sampling has been carried out in the discovery well 6507/5-10, and future appraisal will be conducted to determine potential flow rates, the reservoir’s ultimate resource recovery and potential development plan. “This discovery marks our fourth successful exploration well on the Norwegian Continental Shelf in the last 16 months,” said Matt Fox, executive vice president and chief operating officer. “All four discoveries have been made in well-documented parts of the North Sea and the Norwegian Sea and offer very low cost of supply resource additions that can extend our more than 50-year legacy in Norway.” The discovery well was drilled in 1,165 feet of water to a total depth of 7,149 feet by the Leiv Eiriksson drilling rig. --- # # # --- About ConocoPhillips Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $63 billion of total assets, and approximately 9,800 employees at Sept. 30, 2020. -
National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling
National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling STOPPING THE SPILL: THE FIVE-MONTH EFFORT TO KILL THE MACONDO WELL ---Draft--- Staff Working Paper No. 6 Staff Working Papers are written by the staff of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling for the use of members of the Commission. They are preliminary, subject to change, and do not necessarily reflect the views either of the Commission as a whole or of any of its members. In addition, they may be based in part on confidential interviews with government and non-government personnel. The effort to contain and control the blowout of the Macondo well was unprecedented. From April 20, 2010, the day the well blew out, until September 19, 2010, when the government finally declared it “dead,” BP expended enormous resources to develop and deploy new technologies that eventually captured a substantial amount of oil at the source and, after 87 days, stopped the flow of oil into the Gulf of Mexico. The government organized a team of scientists and engineers, who took a crash course in petroleum engineering and, over time, were able to provide substantive oversight of BP, in combination with the Coast Guard and the Minerals Management Service (MMS).1 BP had to construct novel devices, and the government had to mobilize personnel on the fly, because neither was ready for a disaster of this nature in deepwater. The containment story thus contains two parallel threads. First, on April 20, the oil and gas industry was unprepared to respond to a deepwater blowout, and the federal government was similarly unprepared to provide meaningful supervision. -
Government Officials Mohamed Al Hammadi H.E
Government Officials Mohamed Al Hammadi H.E. Eng. Tarek El Molla Luis Alberto Moreno CEO, Emirates Nuclear Energy Corporation Minister of Petroleum, Egypt President, Inter-American Development Bank Mr. Saad Sherida Al-Kaabi Hon. Paul M. Dabbar (IDB) Minister of State for Energy Affairs, Qatar Under Secretary for Science, US DOE Hon. Lisa Murkowski Ibrahim Al-Muhanna Francis Fannon Chairman, US Senate Consultant & Advisor to Saudi Oil Ministry, Assistant Secretary for the Bureau of Energy Diego Mesa Ministry of Energy, Industry and Mineral Resources (ENR), US DOS Vice Minister of Energy, Colombia Resources Saudi Arabia Thomas R. Hardy H.E. Rocío Nahle García Ayed S. Al-Qahtani Director (Acting), U.S. Trade and Development Secretary of Energy, Ministry of Energy Mexico Director of Research Division, OPEC Agency (USTDA) Nurlan Askarovich Nogaev Hon. John Peter Amewu Hirohide Hirai Minister of Energy, Ministry of Energy, Republic Minister of Energy, Ghana Director-General, Ministry of Economy, Trade of Kazakhstan Minister Bento Albuquerque and Industry (METI) Seamus O’Regan Minister of Mines & Energy, Brazil William Hohenstein Minister of Natural Resources, Canada H.E. Mohammad Sanusi Barkindo Director of the Office of Energy and Jeff Radebe Secretary General, OPEC Environmental Policy, U.S. Department of Special Envoy for Energy, South Africa Renata Beckert Isfer Agriculture (USDA) Kadri Simson Deputy Secretary of Oil, Natural Gas and Andrew Kamau Commissioner, European Biofuels, MME, Brazil Principal Secretary, State Department of Commission for Energy Dr. Fatih Birol Petroleum, Ministry of Petroleum and Mining, María Fernanda Suárez Londoño Executive Director, IEA Kenya Minister of Mines and Energy, Ministry of Mines Hon. -
Petroleum News 041308
page IOGCC hosts Alaska gas line panel: 9 Canadians, Alaskans on AGIA Vol. 13, No. 15 • www.PetroleumNews.com A weekly oil & gas newspaper based in Anchorage, Alaska Week of April 13, 2008 • $1.50 ● NATURAL GAS MGM posts Mackenzie success New gas partnership ConocoPhillips, BP form company to build Alaska natural gas pipeline COURTESY MGM ENERGY COURTESY By KRISTEN NELSON Petroleum News Governor, legislators he prospect for an Alaska gas pipeline ratcheted pleased with Denali up several notches April 8 with an announcement Both the governor and lawmakers seemed T by ConocoPhillips and BP that the two were pleased by the BP-ConocoPhillips announce- beginning work on a North Slope gas pipeline, a ment of their joint-venture Alaska North Slope to project they are calling market gas pipeline project, although both the Denali — The Alaska administration and legislators were left wonder- Gas Pipeline. ing where the announcement leaves the Alaska MGM Energy said it believes the natural gas discovery could be Jim Bowles, presi- Gasline Inducement Act process, the state’s effort developed as a satellite of the existing Langley field, improving dent of ConocoPhillips the economics of development. See story on page 3. to jump start a gas pipeline with $500 million in Alaska, and Doug Suttles, president of BP Exploration matching funds in exchange for meeting 20 state (Alaska) said at a joint press conference that the com- “must haves.” B.C. makes industry’s life easier panies expect to spend $600 million through an open Gov. Sarah Palin was briefed April 8 by BP season in late 2010, early 2011. -
Engineered Solutions for Industry Challenges
ENGINEERED SOLUTIONS FOR VOLUME 07 ISSUE 10-OCTOBER 2014 INDUSTRY CHALLENGES OILFIELD TECHNOLOGY OCTOBER 2014 | EXPLORATION | DRILLING | PRODUCTION www.energyglobal.com weir194_oilfield_tech_cover_0918.indd 1 9/19/14 9:31 AM Gentle on nature. Brutal on scale. ® Bellasol S65 Oil & Gas Antiscalant High pressures and high temperatures? Now get the highest performance oilfield antiscalant on the market. New Bellasol S65 biodegradable antiscalant - outperforms traditional phosphonates and polyaspartate for cal- cium carbonate and barium sulfate scale inhibition. Hydrothermally stable to 200ºC at pH 12. Resistant to iron. Detectable in brines to 1ppm. Meets highest OSPAR biodegradability standards. Contact us today: Bellasol oilfield antiscalant range [email protected] Bellasol S28 General scale control Bellasol S30 Calcium scale control [email protected] Bellasol S50 Mixed scale control & [email protected] chemical compatibility [email protected] Bellasol S65 High performance and biodegradable www.wateradditives.com 130 89 October 2014 Contents Volume 07 Issue 10 03 Comment 59 Kicking hydraulic fracturing’s water addiction 05 World news Bill Charneski, OriginOil, USA, looks at how to quench the thirst of the shale industry without putting undue strain on water supplies. 12 Boom not bust Generation automation Oilfield Technology Correspondent Gordon Cope shows how North America’s oil 63 and gas industry is growing from strength to strength. Angelo Calderoni and Marco Cercato, Drillmec, Italy, examine a new generation of fully automated drilling rigs. 18 Optimising O&G operations from the ground up Dave Lipomi, Tensar International, USA, explains how geogrid systems can provide 67 Making mud matter the infrastructure support that oil and gas operations need. Ray Nagatini, Encapso, USA, shows how innovations in applied biotechnology are enabling 23 Predicting the future of hydraulic fracturing operators to implement smarter, leaner mud programmes.