DOCSLIB.ORG

2018-2019 Term

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2018-2019 Term 2018-2019 Term NPC Membership by Category Categories are listed by principal function Category Number of Members Integrated, Refining and Oil & Gas Production Companies Integrated Companies and Independent Refiners 16 Larger Independent Producers 29 Smaller Independent Producers 25 Midstream and Retail Oil & Gas Companies 32 Support Service Companies Construction, Drilling, and Oilfield Services 24 Financial and Consultant Services 30 Electric Companies and Other Large Consumers 13 Non-Industry and Not-For-Profit Members 34 Total 203 by Organization | by Name INTEGRATED, REFINING AND OIL & GAS PRODUCTION COMPANIES Integrated Companies and Independent Refiners BP America Inc. John C. Mingé Houston, Texas Former Chairman and President Chevron Corporation Michael K. Wirth San Ramon, California Chairman of the Board and Chief Executive Officer CVR Energy, Inc. David L. Lamp Sugar Land, Texas Chief Executive Officer and President Eni S.p.A. Claudio Descalzi Rome, Italy Chief Executive Of ficer and General Manager Equinor ASA Torgrim Reitan Houston, Texas Executive Vice President Development & Production International Exxon Mobil Corporation Darren W. Woods Irving, Texas Chairman, President and Chief Executive Officer Flint Hills Resources, LLC Jeffrey P. Ramsey Wichita, Kansas President and Chief Executive Officer Hunt Consolidated Energy, LLC Hunter L. Hunt Dallas, Texas President and Chief Executive Officer Hunt Consolidated, Inc. Ray L. Hunt Dallas, Texas Executive Chairman Murphy Oil Corporation Roger W. Jenkins El Dorado, Arkansas President and Chief Executive Officer Phillips 66 Company Greg C. Garland Houston, Texas Chairman and Chief Executive Officer Repsol J. Jon Imaz Madrid, Spain Chief Executive Officer Shell Oil Company Bruce Culpepper Houston, Texas Former President Sinclair Oil Corporation Ross B. Matthews Salt Lake City, Utah Chairman, President and Chief Executive Officer Total S.A. Patrick Pouyanné Paris, France Chairman and Chief Executive Officer Valero Energy Corporation Joseph W. Gorder San Antonio, Texas Chairman, President and Chief Executive Officer Larger Independent Producers Antero Resources Corporation Paul M. Rady Denver, Colorado Chairman and Chief Executive Officer Apache Corporation John J. Christmann, IV Houston, Texas Chief Executive Officer and President BHP Billiton Stephen Pastor Houston, Texas President Petroleum California Resources Corporation Todd A. Stevens Santa Clarita, California President and Chief Executive Officer CNX Resources Corporation Nicholas J. Deluliis Canonsburg, Pennsylvania President and Chief Executive Officer Concho Resources Inc. Timothy A. Leach Midland, Texas Chairman of the Board and Chief Executive Officer ConocoPhillips Company Ryan M. Lance Houston, Texas Chairman and Chief Executive Officer Denbury Resources Inc. Christian S. Kendall Plano, Texas President and Chief Executive Officer Devon Energy Corporation J. Larry Nichols Oklahoma City, Oklahoma Chairman Emeritus Diamondback Energy, Inc. Travis D. Stice Midland, Texas Chief Executive Officer and Director Encana Corporation Douglas J. Suttles Denver, Colorado President and Chief Executive Officer EOG Resources, Inc. William R. Thomas Houston, Texas Chairman of the Board and Chief Executive Officer EQT Corporation David L. Porges Pittsburgh, Pennsylvania Interim President and Chief Executive Officer Hess Corporation John B. Hess New York, New York Chief Executive Officer High Mesa, Inc. Harlan H. Chappelle Houston, Texas Director Hilcorp Energy Company Jeffery D. Hildebrand Houston, Texas Executive Chairman and Founder Laredo Petroleum, Inc. Randy A. Foutch Tulsa, Oklahoma Chairman and Chief Executive Officer Marathon Oil Corporation Lee M. Tillman Houston, Texas President and Chief Executive Officer Newfield Exploration Company Lee K. Boothby The Woodlands, Texas Former Chairman Noble Energy, Inc. David L. Stover Houston, Texas Chairman and Chief Executive Officer Oasis Petroleum, LLC Thomas B. Nusz Houston, Texas Chairman of the Board and Chief Executive Officer Occidental Petroleum Corporation Vicki A. Hollub Houston, Texas President and Chief Executive Officer PDC Energy, Inc. Barton R. Brookman, Jr. Denver, Colorado President and Chief Executive Officer Pioneer Natural Resources Company Timothy L. Dove Irving, Texas Former President Range Resources Corporation Jeffrey L. Ventura Fort Worth, Texas President and Chief Executive Officer Seneca Resources Company, LLC John P. McGinnis Houston, Texas President Southwestern Energy Company William J. Way Spring, Texas President and Chief Executive Officer Ultra Petroleum Corp. C. Bradley Johnson Englewood, Colorado Interim Chief Executive Officer Whiting Petroleum Corporation Bradley J. Holly Denver, Colorado Chairman, President and Chief Executive Officer Smaller Independent Producers Andress Oil & Gas Company LLC Thurmon M. Andress Houston, Texas President Armstrong Energy Corporation Robert G. Armstrong Roswell, New Mexico President Armstrong Energy, LLC William D. Armstrong Denver, Colorado Founder and Chief Executive Officer Bookout, John F. John F. Bookout Houston, Texas Dallas Production, Inc. William A. Custard Dallas, Texas President and Chief Executive Officer E&B Natural Resources Management Stephen D. Layton Corporation President Bakersfield, California Five States Energy Company, LLC James A. Gibbs Dallas, Texas Chairman HEYCO Energy Group, Inc. George M. Yates Dallas, Texas President and Chief Executive Officer HighPeak Energy Jack D. Hightower Fort Worth, Texas Chairman, President and Chief Executive Officer Maguire Oil Company Cary M. Maguire Dallas, Texas President and Chief Executive Officer Merlin Oil & Gas, Inc. Mark K. Miller Lafayette, Louisiana President MorningStar Partners LP Vaughn O. Vennerberg, II Fort Worth, Texas President Penneco Oil Company Terrence S. Jacobs Delmont, Pennsylvania President and Chief Executive Officer Quantum Energy Partners Charles D. Davidson Houston, Texas Venture Partner Quintana Minerals Corporation Corbin J. Robertson, Jr. Houston, Texas President and Chief Executive Officer Raymond, Lee R. Lee R. Raymond Irving, Texas Renewable Energy Group, Inc. Cynthia J. Warner Ames, Iowa President and Chief Executive Officer Sable Permian Resources LLC James C. Flores Houston, Texas Chairman, Chief Executive Officer and President Scala Energy Steven B. Hinchman Houston, Texas President and Chief Executive Officer Shackouls, Bobby S. Bobby S. Shackouls Houston, Texas Sheridan Production Partners, L.P. Lisa A. Stewart Houston, Texas Executive Chairman and Chief Investment Officer Strata Production Company Mark B. Murphy Roswell, New Mexico President True Oil LLC H. A. True, III Casper, Wyoming Partner Van Operating, Ltd. A. V. Jones, Jr. Albany, Texas Chairman Vincent & Company Bruce H. Vincent Houston, Texas Chief Executive Of ficer MIDSTREAM AND RETAIL OIL & GAS COMPANIES Arnold Companies, The Greg A. Arnold Dallas, Texas Chairman and Chief Executive Officer Atmos Energy Corporation Michael E. Haefner Dallas, Texas President and Chief Executive Officer BNSF Railway Company Carl R. Ice Fort Worth, Texas President and Chief Executive Officer Buckeye Partners, L.P. Clark C. Smith Houston, Texas Chairman, President and Chief Executive Officer Colonial Pipeline Company Joseph A. Blount, Jr. Alpharetta, Georgia President and Chief Executive Officer Dominion Energy, Inc. Diane G. Leopold Richmond, Virginia Executive Vice President and President and Chief Executive Officer of the Gas Infrastructure Group Enbridge Inc. Al Monaco Calgary, Alberta, Canada President and Chief Executive Officer Energy Transfer Partners, L.P. Kelcy L. Warren Dallas, Texas Chairman of the Board and Chief Executive Officer Enterprise Products Partners L.P. A. James Teague Houston, Texas Director and Chief Executive Officer Global Partners LP Eric S. Slifka Waltham, Massachusetts President and Chief Executive Officer Hightowers Petroleum Co. Stephen L. Hightower Middletown, Ohio President and Chief Executive Officer International-Matex Tank Terminals Richard D. Courtney New Orleans, Louisiana President and Chief Executive Officer Iroquois Pipeline Operating Company Jeffrey A. Bruner Shelton, Connecticut President Magellan Midstream Partners, L.P. Michael N. Mears Tulsa, Oklahoma Chairman of the Board, President and Chief Executive Officer Miller Oil Co., Inc. Augustus C. Miller Norfolk, Virginia Chairman and Chief Executive Officer Murphy USA, Inc. Claiborne P. Deming El Dorado, Arkansas Director New Jersey Resources Corporation Laurence M. Downes Wall, New Jersey Chairman of the Board and Chief Executive Officer NextDecade Corporation Matthew K. Schatzman Houston, Texas President and Chief Executive Officer ONE Gas, Inc. Pierce H. Norton II Tulsa, Oklahoma President and Chief Executive Officer ONEOK, Inc. Terry K. Spencer Tulsa, Oklahoma President and Chief Executive Officer Philadelphia Gas Works Craig E. White Philadelphia, Pennsylvania President and Chief Executive Officer Plains All American Pipeline, L.P. Greg L. Armstrong Houston, Texas Chairman and Chief Executive Officer Saltchuk Resources, Inc. Timothy B. Engle Seattle, Washington President SeaOne Maritime Corp. Forrest E. Hoglund Dallas, Texas Chairman and Chief Executive Officer Sempra Energy Debra L. Reed San Diego, California Executive Chairman, Retired Southern Company, The Andrew W. Evans Atlanta, Georgia Executive Vice President and Chief Financial Officer Sprague Resources LP David C. Glendon Portsmouth, New Hampshire President and Chief Executive Officer Tellurian Inc. Martin J.
Load more

Recommended publications
  • 2019 Annual Report Are Commission-Free
    Table of Contents 1 Letter to Our Shareholders 4 Financial Highlights 6 Our Businesses Midstream Chemicals Refining Marketing and Specialties 7 Our Value Chain 8 Our Strategy Operating Excellence Growth Returns Distributions High-Performing Organization 28 Board of Directors 30 Executive Leadership Team 31 Non-GAAP Reconciliations 32 Form 10-K | ON THE COVER AND TABLE OF CONTENTS Lake Charles Refinery WESTLAKE, LA In 2019, Lake Charles Manufacturing Complex achieved a sustained safety record of more than 55 months, equivalent to 7.5 million safe work hours. 2019 PHILLIPS 66 ANNUAL REPORT 1 To Our Shareholders We have the right strategy in place to create shareholder value, and our employees are executing it well. Phillips 66 achieved 34% total shareholder return during 2019, which exceeded our peer group average and the S&P 100. In 2019, we delivered earnings of $3.1 billion and earnings per share of $6.77. Adjusted earnings were $3.7 billion or $8.05 per share. During the year, we generated $4.8 billion of operating cash flow. We reinvested $3.9 billionback into the business and returned $3.2 billion of capital to shareholders through dividends and share repurchases. We increased our quarterly dividend 12.5% and announced a $3 billion increase to our share repurchase program. Since our formation, we have returned $26 billion to shareholders through dividends, share repurchases and exchanges, reducing our initial shares outstanding by 33%. Operating excellence is our No. 1 priority and core to everything we do. Our goal is zero incidents, zero accidents and zero injuries. We believe this is attainable, and we strive for it daily.
    [Show full text]
  • Petroleum News Bakken 121513 Petroleum News 082904
    page Statoil hits 14th top IP well 8 in 22 weeks Vol. 2, No. 35 • www.PetroleumNewsBakken.com A weekly newspaper for industry and government Week of December 15, 2013 • $2.50 l NATURAL GAS Producing amid the windrows Finishing touches NDPC flaring task force to submit recommendations to NDIC in January By MAXINE HERR “The nature of this business is that VERN WHITTEN PHOTOGRAPHY For Petroleum News Bakken drillers drill, operators operate, and they he North Dakota Petroleum Council, NDPC, sign a long-term contract with a gas Tflaring task force is putting finishing touch- processing company and they walk es on its recommendations to reduce flaring in the away.” —Department of Mineral Resources Director state. Lynn Helms In September, Gov. Jack Dalrymple requested the development of a task force to study the prob- Wells pumping on a Hess Corporation pad in the Traux field subcommittee has some recommendations that southeast of Williston in southern Williams County, N.D. lem and provide some solid solutions to the North needed further review. Dakota Industrial Commission. The task force “We want to give it a good review and make will present its findings at the Jan. 29 commission sure membership and everyone’s ready,” Dille ND operators increasing well meeting. said. “We want to get it as good as we can. As far Task force Chairman Eric Dille of EOG densities to even higher levels as recommendations on flaring, goals, and crite- Resources told Petroleum News Bakken that the ria, we have developed some targets we think we North Dakota operators continue to increase well densi- task force had hoped to present at the Dec.
    [Show full text]
  • Report Document
    VRP Sites as of August 13, 2015 Status VRP_No. Site_Name Volunteer Location Acceptance DatePRA_Date RA_Date LA Type_Site Contaminant IC PM Closed 1001 Rail siding and Big Horn 12/11/00 3/26/02 3/26/02 NFA Letter VRP Petroleum No Not coal load out area Coal 4/26/02; hydrocarbons, applicable Company area metals released from LQD bond Open 1002 Powder River Powder River 1095 West 1/8/01 10/17/01 10/01/07 Certificate of VRP Oil, diesel No Jaymee Energy Sheridan Energy Brundage (Tracts 8, 9, Completion Binion Site Corporation Lane, & 10 only), for Tracts 8, Sheridan, 5/18/09 9, and 10 on 82801 (Tracts 6 & 7 5/8/09 only) Open 1003 Former Conoco Phillips 66 Located 1/2 3/19/01; Approved VRP Petroleum No Sarah Glenrock Refinery Company mile west of 6/28/2011 5/13/02; refinery related Bargsten Glenrock amended amended contaminants South 9/19/02 property additional 54 acres Open 1004 Cheyenne Crude Suncor 199 South 4/4/01 5/30/06 VRP Petroleum No Ben Luckey Station Energy USA, Morrie Av, hydrocarbons formerly Cheyenne Conoco Inc. Open 1005 Union Pacific Former 543 West 4/4/01 7/31/03 1/3/05 VRP Petroleum No Sarah Railroad Chicago and Midwest Av, Hydrocarbons Bargsten North Casper Western Casper Rail Yard Open 1006 Laramie Yard Union Pacific Near 4/4/01 7/09/04 VRP Petroleum No Cindi Fueling Platform Railroad intersection Hydrocarbons Martinez of Railroad and University St., Laramie Yard Page 1 of 29 Status VRP_No. Site_Name Volunteer Location Acceptance DatePRA_Date RA_Date LA Type_Site Contaminant IC PM Closed 1007 Gulley Enterprises Cheyenne 411 E.
    [Show full text]
  • Sinclair Oil Corporation Annual Report 1955
    -X7 7 0 Q 0 Q - I f 4. Notice to Stockholders: of The Management will request proxies for the Annual Meeting that a Stockholders to be held on May 16, 1956. It is expected stock proxy statement and a form of proxy will be mailed to meeting holders on or about April 9, 1956, together with notice of and request for proxy. Sinclair Oil Corporation through subsidiaries, engages in all major functions of the oil industry-production, transportation, refining and marketing. Principal oper ating subsidiary companies are listed below, together • : :: c• i . with their primary activities and the locations of their headquarters. Unless otherwise stated, all subsidi aries are wholly owned. SINCLAIR OIL & GAS COMPANY, Tulsa, Oklahoma crude oil exploration and production in the United States. A subsidiary of this company, Sinclair Canada Oil Company conducts similar operations in the Dominion of Canada. SINCLAIR CRUDE OIL COMPANY, Tulsa, Oklahoma purchase and sale of crude oil. SINCLAIR PIPE LINE COMPANY, Independence, Kansas ownership and operation of crude oil and products pipe lines. SINCLAIR REFINING COMPANY, New York petroleum refining, product marketing and marine operations. In marketing operations, two Sinclair subsidiaries distribute under their own names in individual areas: Richfield Oil Corporation of New York, New York New England and the eastern seaboard states Hughes Oil Company, Chicago, Illinois Chicago area SINCLAIR RESEARCH LABORATORIES, INC., Harvey, Illinois and Tulsa, Oklahoma--research and development .4 SINCLAIR CHEMICALS, INC., New York petrochemical development and marketing SINCLAIR CUBA OIL COMPANY, S.A., Havana, Cuba J marketing-principally in Cuba . ^A SINCLAIR PETROLEUM COMPANY, New York exploration in Ethiopia SINCLAIR SOMAL CORPORATION, New York Somaliland exploration in Italian "NOTE:The term "Company" in this report is used interchange- 4 or any of its subsidi VENEZUELAN PETROLEUM COMPANY, New York ably to describe Sinclair Oil Corporation all (96.24% owned)--crude oil production and refining aries, individually or collectively.
    [Show full text]
  • 2.22.21 Laredo Petroleum Announces Fourth-Quarter 2020 Financial and Operating Results
    15 West 6th Street, Suite 900 · Tulsa, Oklahoma 74119 · (918) 513-4570 · Fax: (918) 513-4571 www.laredopetro.com Laredo Petroleum Announces Fourth-Quarter and Full-Year 2020 Financial and Operating Results Provides 2021 Capital Budget and Production Expectations TULSA, OK - February 22, 2021 - Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") today announced its fourth-quarter and full-year 2020 financial and operating results. Full-Year 2020 Highlights • Fully transitioned development operations to Howard County acreage and successfully completed the Company's first well package • Added 4,000 net acres in Howard County at an average price of $7,200 per net undeveloped acre • Produced an average of 87,750 barrels of oil equivalent ("BOE") per day and 26,849 barrels of oil per day ("BOPD"), an increase of 8% and a decrease of 6%, respectively, from full-year 2019, while reducing capital expenditures by 27% over the same period • Reduced drilling and completions costs during the year by 21%, to $540 per foot from $680 per foot • Reduced unit lease operating expenses ("LOE") by 17% from full-year 2019 • Reduced unit general and administrative expenses ("G&A"), excluding long-term incentive plan expenses ("LTIP"), by 21% from full-year 2019 • Reduced volume of flared/vented natural gas by 58% from full-year 2019, flaring/venting only 0.71% of the Company's produced natural gas during full-year 2020 • Received $234.1 million from settlements of matured/terminated derivatives • Extended all term-debt maturities to 2025 and 2028 and repurchased $61 million of term-debt in open market purchases for 62.5% of par "Despite the unprecedented challenges of COVID and the resulting energy demand and commodity price weakness during 2020, the Laredo team adapted to working remotely and executed on the transformational strategy we communicated in November 2019," stated Jason Pigott, President and Chief Executive Officer.
    [Show full text]
  • Climate and Energy Benchmark in Oil and Gas Insights Report
    Climate and Energy Benchmark in Oil and Gas Insights Report Partners XxxxContents Introduction 3 Five key findings 5 Key finding 1: Staying within 1.5°C means companies must 6 keep oil and gas in the ground Key finding 2: Smoke and mirrors: companies are deflecting 8 attention from their inaction and ineffective climate strategies Key finding 3: Greatest contributors to climate change show 11 limited recognition of emissions responsibility through targets and planning Key finding 4: Empty promises: companies’ capital 12 expenditure in low-carbon technologies not nearly enough Key finding 5:National oil companies: big emissions, 16 little transparency, virtually no accountability Ranking 19 Module Summaries 25 Module 1: Targets 25 Module 2: Material Investment 28 Module 3: Intangible Investment 31 Module 4: Sold Products 32 Module 5: Management 34 Module 6: Supplier Engagement 37 Module 7: Client Engagement 39 Module 8: Policy Engagement 41 Module 9: Business Model 43 CLIMATE AND ENERGY BENCHMARK IN OIL AND GAS - INSIGHTS REPORT 2 Introduction Our world needs a major decarbonisation and energy transformation to WBA’s Climate and Energy Benchmark measures and ranks the world’s prevent the climate crisis we’re facing and meet the Paris Agreement goal 100 most influential oil and gas companies on their low-carbon transition. of limiting global warming to 1.5°C. Without urgent climate action, we will The Oil and Gas Benchmark is the first comprehensive assessment experience more extreme weather events, rising sea levels and immense of companies in the oil and gas sector using the International Energy negative impacts on ecosystems.
    [Show full text]
  • Oil & Gas, and Mining Associations, Organizations, and Company
    2021 OIL & GAS, AND MINING ASSOCIATIONS, ORGANIZATIONS, AND COMPANY INFORMATION UNIVERSITY OF COLORADO DENVER ASSOCIATIONS AND ORGANIZATIONS Colorado Cleantech Industry Association – https://coloradocleantech.com/ Colorado Energy Coalition – http://www.metrodenver.org/news/news-center/2017/02/colorado-energy-coalition- takes-energy-%E2%80%98asks-to-congressional-delegation-in-washington,-dc/ Colorado Mining Association (CMA) – https://www.coloradomining.org/default.aspx Colorado Oil and Gas Association (COGA) – http://www.coga.org/ Colorado Petroleum Association – http://www.coloradopetroleumassociation.org/ Colorado Renewable Energy Society (CRES) – https://www.cres-energy.org/ Society of Petroleum Engineers – https://www.spe.org/en/ United States Energy Association – https://www.usea.org/ OIL AND GAS Antero Resources – http://www.anteroresources.com/ Antero Resources is an independent exploration and production (E&P) company engaged in the exploitation, development, and acquisition of natural gas, NGLs and oil properties located in the Appalachia Basin. Headquartered in Denver, Colorado, we are focused on creating value through the development of our large portfolio of repeatable, low cost, liquids-rich drilling opportunities in two of the premier North American shale plays. Battalion Oil – https://battalionoil.com/ http://www.forestoil.com/ Battalion Oil (Formerly Halcón Resources Corporation) is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich assets in the United States. While Battalion is a new venture, we operate on a proven strategy used in prior, successful ventures. We have experienced staff and use the most advanced technology, enabling us to make informed and effective business decisions. Spanish for hawk, Halcón embraces the vision and agility to become a resource powerhouse in the oil and gas industry.
    [Show full text]
  • 2017 Corporate Responsibility Report
    2017 corporate responsibility report 2017 corporate responsibility report chevron in Nigeria human energy R chevron in Nigeria 1 2017 corporate responsibility report 2 chevron in Nigeria 2017 corporate responsibility report “We are the partner of choice not only for the goals we achieve but how we achieve them” At the heart of The Chevron Way is our vision … to be the global energy company most admired for its people, partnership and performance. We make this vision a reality by consistently putting our values into practice. The Chevron Way values distinguish us and guide our actions so that we get results the right way. Our values are diversity and inclusion, high performance, integrity and trust, partnership, protecting people and the environment. Cover photo credit: Marc Marriott Produced by: Policy, Government and Public Affairs (PGPA) Department, Chevron Nigeria Limited Design and Layout : Design and Reprographics Unit, Chevron Nigeria Limited chevron in Nigeria 3 2017 corporate responsibility report the chevron way explains who we are, what we do, what we believe and what we plan to accomplish 4 chevron in Nigeria 20172017 ccorporateorpporatee resresponsibilityponssibility reportreport table of contents message from the CMD 6 about chevron in nigeria 7 social investments 8 health 9 education 12 economic development 16 partnership initiatives in the niger delta 20 engaging stakeholders 26 our people 29 operating responsibly 35 nigerian content 41 awards 48 chevron in Nigeria 5 2017 corporate responsibility report of rapid change in the oil and gas industry, our focus remains on delivering that vision in an ethical and sustainable way. Our corporate responsibility focus areas are aligned with our business strategy of delivering industry-leading returns while developing high-value resource opportunities.
    [Show full text]
  • Adams Natural Resources Fund
    ADAMS NATURAL RESOURCES FUND FIRST QUARTER REPORT MARCH 31, 2021 GET THE LATEST NEWS AND INFORMATION adamsfunds.com/sign-up L ETTER TO S HAREHOLDERS Dear Fellow Shareholders, Every new year brings with it the opportunity for a fresh start, resolutions for change, and hope for the future. No year in recent history has held greater expectations than 2021. We all hope to put the pandemic behind us and get back to normal. The year began with a new President in the White House and multiple vaccines already starting to be distributed. As the quarter progressed, we made significant strides towards vaccinating the most vulnerable. While we are moving closer to a return to normalcy as the availability of vaccines continues to grow, new COVID-19 variants threaten to slow progress. The economy continued to show signs of recovering as employers added more jobs in the first quarter and the unemployment rate declined to 6.0%. In February, consumer sentiment rose to its highest level since March 2020, when the COVID-19 shutdowns were just beginning. Over the past year, household savings have grown significantly and should begin to flow through the Energy was the best economy as it reopens. performing sector in the S&P 500 as oil prices The passage of a $1.9 trillion stimulus package and a rebounded. commitment of continued support from the Federal Reserve helped drive the stock market higher in the first quarter. The S&P 500 ended the quarter up 6.2%. Improved growth prospects pushed yields on 10-year Treasury notes higher and raised some concerns that the size of the stimulus could lead to higher inflation.
    [Show full text]
  • Holly Energy Partners Announces Definitive Agreement with Sinclair Oil Corporation to Acquire Assets at Sinclair's Tulsa Refin
    October 20, 2009 Holly Energy Partners Announces Definitive Agreement With Sinclair Oil Corporation to Acquire Assets at Sinclair’s Tulsa Refinery Transaction in Combination with Holly Corporation’s Acquisition of Sinclair Refinery DALLAS – Holly Energy Partners, L.P. (NYSE: HEP) (“HEP”or the “Partnership”) announced today that it has entered into a definitive agreement with a subsidiary of Sinclair Oil Corporation (“Sinclair”) to purchase certain logistics and storage assets at Sinclair’s refinery located in Tulsa, Oklahoma. Holly Corporation (NYSE: HOC) (“Holly”), an affiliate of HEP that controls HEP’s general partner, is also a party to the definitive agreement and has agreed to purchase the refining assets at Sinclair’s Tulsa refinery. Under the terms of the agreement, HEP will purchase approximately 1.4 million barrels of storage as well as light products, asphalt and propane loading racks, and an associated refined product delivery pipeline for $75 million comprised of $21.5 million in cash and $53.5 million in HEP common units. The transaction is subject to customary closing conditions as well as certain regulatory conditions. In conjunction with the transaction, it is anticipated that subsidiaries of Holly and HEP will enter into a long-term contract similar to others between Holly and HEP under which Holly and HEP will agree to the fees Holly will pay for its use of the assets HEP is acquiring, including a minimum revenue commitment by Holly. HEP expects the transaction to be immediately accretive to its distributable cash flow. Matt Clifton, Chairman and CEO of HEP, said, “This acquisition represents a great opportunity for HEP.
    [Show full text]
  • Repsol's Green Bond Framework
    ALL RIGHTS ARE RESERVED © REPSOL, S.A. 2017 1 Repsol, S.A. (“Repsol”) is the exclusive owner of this document. No part of this document may be reproduced (including photocopying), stored, duplicated, copied, distributed or introduced into a retrieval system of any nature or transmitted in any form or by any means without the prior written permission of Repsol This document is for information purposes only. This document is not a legally binding document and does not have the effect of creating, recognizing, amending or extinguishing any existing legal or contractual rights or obligations. This document is not a registration document or a prospectus. This document does not constitute an offer or invitation to purchase or subscribe shares or securities, in accordance with the provisions of the Spanish Law on the Securities Market (Royal Legislative Decree 4/2015 of the 23rd of October) or any other legislation. In addition, this document does not constitute an offer of purchase, sale or exchange, nor a request for an offer of purchase, sale or exchange of securities in any other jurisdiction. This document contains statements that Repsol believes constitute forward-looking statements which may include statements regarding the intent, belief, or current expectations of Repsol and its management, including statements with respect to trends affecting Repsol’s financial condition, financial ratios, results of operations, business, strategy, geographic concentration, production volume and reserves, capital expenditures, costs savings, investments and dividend payout policies. These forward-looking statements may also include assumptions regarding future economic and other conditions, such as future crude oil and other prices, refining and marketing margins and exchange rates and are generally identified by the words “expects”, “anticipates”, “forecasts”, “believes”, estimates”, “notices” and similar expressions.
    [Show full text]
  • CALIFORNIA RESOURCES CORPORATION 2019 PROXY REPORT and NOTICE of ANNUAL MEETING Letter to Shareholders from the Chairman of the Board
    CALIFORNIA RESOURCES CORPORATION 2019 PROXY REPORT AND NOTICE OF ANNUAL MEETING Letter to Shareholders from the Chairman of the Board Dear Shareholders, Strong execution, financial discipline and sustained community engagement are compelling hallmarks of California Resources Corporation (“CRC”), reflecting the Company’s core values of Character, Responsibility and Commitment and the high expectations set by the Board of Directors (the “Board”). In 2018, CRC achieved strong results through the exceptional leadership of our management team and the dedication of our diverse workforce who operate critical infrastructure and supply essential resources to Californians with an innovative and entrepreneurial mindset. With the Board’s active direction, CRC thoughtfully navigated a volatile pricing environment with a dynamic and flexible operating plan that prioritized projects to deliver value both in the immediate and longer term, while continuing to meaningfully strengthen our financial position. We believe this value-driven approach to managing our business truly sets CRC apart. It enables us to capture the full value of our robust portfolio of assets throughout the commodity cycle and ensures effective capital allocation that delivers positive results for our shareholders. Coupled with an unwavering focus on operational excellence that unifies the organization, it is a powerful strategic approach that sustains CRC’s high levels of safety, environmental stewardship, reliability and quality. In 2018, an engaged Board aligned with shareholder priorities brought to bear a wealth of experience and varied perspectives from within the energy industry, as well as from financial services, accounting, real estate, human resources and organizational disciplines. To ensure that CRC continues to attract and maintain the most effective mix of Board talent, we regularly engage in a review process to evaluate desired skill sets that strengthen governance, promote diversity of thought, and align with the evolving demands of our business.
    [Show full text]