International Association of Drilling Contractors Conference Attendees Handout List 2017 Shale Energy Workshop

Total Page:16

File Type:pdf, Size:1020Kb

International Association of Drilling Contractors Conference Attendees Handout List 2017 Shale Energy Workshop International Association of Drilling Contractors Conference Attendees Handout List 2017 Shale Energy Workshop NAME COMPANY NAME CITY, STATE COUNTRY Hall, Bryan ACME TRUCK LINE Harvey, LA USA Blaylock, Jay ADMIRAL PERMIAN RESOURCES Midland, TX USA Colwell, Paul ADMIRAL PERMIAN RESOURCES Midland, TX USA Coursey, Traci ADMIRAL PERMIAN RESOURCES Midland, TX USA Edwards, Jodi ADMIRAL PERMIAN RESOURCES Midland, TX USA Estes, Michelle ADMIRAL PERMIAN RESOURCES Midland, TX USA Hammett, Jared ADMIRAL PERMIAN RESOURCES Midland, TX USA Lyle, John ADMIRAL PERMIAN RESOURCES Midland, TX USA Parkison, Scott ADMIRAL PERMIAN RESOURCES Midland, TX USA West, Denzil ADMIRAL PERMIAN RESOURCES Midland, TX USA West, Tyler ADMIRAL PERMIAN RESOURCES Midland, TX USA Lankford, Gary AES/CATALYST Midland, TX USA Fitzgerald, Ann ANN FITZGERALD LLC Dallas, TX USA Sharma, Vivek AVS MULTISERVICES PVT New Delhi India Fuselier, Danielle BAKER HUGHES Houston, TX USA Josendale, James BISHOP LIFTING PRODUCTS Odessa, TX USA Swezy, Sean BISHOP LIFTING PRODUCTS Odessa, TX USA Ralls, Bobby BOBBY RALLS LLC Weatherford, TX USA Blevins, Kyle CACTUS DRILLING Oklahoma City, OK USA Vaughn, Robbie CACTUS FUEL Odessa, TX USA Womble, Lee CAMERON Houston, TX USA Smith, Roland CANRIG DRILLING TECHNOLOGY Houston, TX USA Stogner, Sarah CARVER DARDEN Midland, TX USA Dyer, Madison CHECK-6 INC Tulsa, OK USA Blair, Rusty COASTAL CHEMICAL CO Kilgore, TX USA Irion, Bob COASTAL CHEMICAL CO Kilgore, TX USA Barry, Courtney CONCHO RESOURCES Midland, TX USA Baycroft, Taylor CONCHO RESOURCES Midland, TX USA Bird, Carl CONCHO RESOURCES Midland, TX USA Daley, Dallas CONCHO RESOURCES Midland, TX USA Ellerbe, Mark CONCHO RESOURCES Midland, TX USA Gentry, Bryan CONCHO RESOURCES Midland, TX USA Giffin, David CONCHO RESOURCES Midland, TX USA Gomez, Oscar CONCHO RESOURCES Midland, TX USA Hansen, Terrell CONCHO RESOURCES Midland, TX USA Korzenewski, Alex CONCHO RESOURCES Midland, TX USA Lacy, Rob CONCHO RESOURCES Midland, TX USA Minor, Braxton CONCHO RESOURCES Midland, TX USA Peterson, Ray CONCHO RESOURCES Midland, TX USA Simmons, Parker CONCHO RESOURCES Midland, TX USA Tindol, William CONCHO RESOURCES Midland, TX USA Wild, Seth CONCHO RESOURCES Midland, TX USA Wiley, Caleb CONCHO RESOURCES Midland, TX USA Williams, Justin CONCHO RESOURCES Midland, TX USA Wright, Joe CONCHO RESOURCES Midland, TX USA McDaid, Danielle CONSULATE OF CANADA Houston, TX USA Hollis, Mike DIAMONDBACK ENERGY Midland, TX USA 09/12/2017 Page 1 of 4 NAME COMPANY NAME CITY, STATE COUNTRY Pelton, Eddie DNOW Oklahoma City, OK USA Shelton, Craig DNOW Midland, TX USA Spinks, Scott DNOW Midland, TX USA Hickl, Matt DRAWWORKS Boling, TX USA McCorriston, Todd DRILLFORM TECHNICAL SERVICES Calgary, AB Canada Reed, Tracie DRILLFORM TECHNICAL SERVICES Calgary, AB Canada Basile, Adolfo DRILLMEC INC Houston, TX USA Gallo, Gilberto DRILLMEC INC Houston, TX USA Tiberi, Andrea DRILLMEC INC Houston, TX USA Pierce, Mike ENSIGN Houston, TX USA Fremin, Courtney FORUM ENERGY TECHNOLOGIES Broussard, LA USA Hess, Brandon FORUM ENERGY TECHNOLOGIES Houston, TX USA Nease, Chad FORUM ENERGY TECHNOLOGIES Odessa, TX USA Roy, Scottie FORUM ENERGY TECHNOLOGIES Broussard, LA USA Sims, Mike FORUM ENERGY TECHNOLOGIES Odessa, TX USA Sirmon, Michael GARDNER DENVER Odessa, TX USA Backlund, Micah HELMERICH & PAYNE IDC Odessa, TX USA Fuller, Graham HELMERICH & PAYNE IDC Tulsa, OK USA Harrington, Cristi HELMERICH & PAYNE IDC Houston, TX USA Kern, Sarah HELMERICH & PAYNE IDC Tulsa, OK USA Henderson, Dan HENDERSON DRILLING PRODUCTS Houston, TX USA Knight, Peter HENDERSON DRILLING PRODUCTS Houston, TX USA Lacour, Charlie HENDERSON DRILLING PRODUCTS Houston, TX USA Alberti, Stephanie HERC RENTALS Midland, TX USA Garza, Santiago HERC RENTALS Midland, TX USA Snider, Jory HORIZONTAL WELL DRILLERS Purcell, OK USA Averette, Chad HOWARD COLLEGE Big Spring, TX USA Serrano, Fabian HOWARD COLLEGE Big Spring, TX USA Rogers, Duisty HP PIPING SOLUTIONS LLC Houston, TX USA Noel, Marc INDEPENDENCE CONTRACT DRILLING Houston, TX USA Buckley, Zee INTEGRATED DRIVE SYSTEMS Houston, TX USA Cadman, Emily ISN Dallas, TX USA Lachowsky, Anna ISN Dallas, TX USA Saenz, Leo JMD OILFIELD & RIG SERVICES Odessa, TX USA Smithson, Doy JMD OILFIELD & RIG SERVICES Odessa, TX USA Torres, Adrian JMD OILFIELD & RIG SERVICES Odessa, TX USA Williams, Chris KENNEDY WIRE ROPE & SLING Corpus Christi, TX USA Chenevert, Brett LANDSTAR TRANSPORTATION Fayetteville, AR USA McCoy, Steve LATSHAW DRILLING & EXPLORATION Tulsa, OK USA Wingerter, Tom LEE C MOORE Tulsa, OK USA Walker, Jonathan LLOYD'S REGISTER Houston, TX USA Hanton, Shaun LOADMASTER INDUSTRIES Houston, TX USA Russell, David LOADMASTER INDUSTRIES Broussard, LA USA Barto, Will LOCKTON GLOBAL ENERGY & MARINE Houston, TX USA Akbari, Babak LOUISIANA STATE UNIVERSITY Baton Rouge, LA USA Estrada, John LOUISIANA STATE UNIVERSITY Baton Rouge, LA USA Sautner, Aaron M3P DIRECTIONAL SERVICES Midland, TX USA Taliaferro, Mark MARKCO MACHINE WORKS INC Odessa, TX USA Taliaferro, Michael MARKCO MACHINE WORKS INC Odessa, TX USA Helms, Curtis MIDLAND COLLEGE Midland, TX USA Bosco, Dave MTU AMERICA INC Houston, TX USA Beachum, Scooter NABORS DRILLING TECHNOLOGIES Midland, TX USA 09/12/2017 Page 2 of 4 NAME COMPANY NAME CITY, STATE COUNTRY Hill, Rob NABORS DRILLING TECHNOLOGIES Oklahoma City, OK USA Macmillan, Robin NATIONAL OILWELL VARCO Houston, TX USA Shanks, Cara NATIONAL OILWELL VARCO Houston, TX USA Van Kuilenburg, Robert NOBLE DRILLING US INC Sugar Land, TX USA Norton, Jay NORTON ENERGY DRILLING LLC Lubbock, TX USA Norton, JR NORTON ENERGY DRILLING LLC Lubbock, TX USA Willis, John OCCIDENTAL OIL & GAS CORP Houston, TX USA Carrasco, Diane ODESSA COLLEGE Odessa, TX USA Jones, Valerie ODESSA COLLEGE Odessa, TX USA Myers, Jennifer ODESSA COLLEGE Odessa, TX USA Rashvand, Armin ODESSA COLLEGE Odessa, TX USA Wallace, Jerry ODESSA COLLEGE Odessa, TX USA Williams, Gregory ODESSA COLLEGE Odessa, TX USA Peterson, Leroy PATRIOT DRILLING Midland, TX USA Hollingsworth, Kyle PATTERSON-UTI DRILLING Midland, TX USA Neu, Shawn PATTERSON-UTI DRILLING Midland, TX USA Shepperd, Ben PERMIAN BASIN PETROLEUM ASSOC Midland, TX USA Huma, Valentin PFL SUPPLY INC Houston, TX USA Lucaci, John PFL SUPPLY INC Houston, TX USA Lacombe, Don PIONEER DRILLING SERVICES San Antonio, TX USA Martinez, John PIONEER ENERGY SERVICES San Antonio, TX USA Tucker, Brian PIONEER ENERGY SERVICES San Antonio, TX USA Hall, Joey PIONEER NATURAL RESOURCES Irving, TX USA Cervantes, Carlos PRECISION DRILLING Odessa, TX USA Mulloy, Craig PRECISION DRILLING Odessa, TX USA Sanders, Brent PRECISION DRILLING Odessa, TX USA Slaughter, Justin PREMIER PIPE Midland, TX USA Braun, Darrell RIG POWER Midland, TX USA Crownover, Luke ROBINSON DRILLING OF TEXAS Big Spring, TX USA Suarez, Steve ROBINSON DRILLING OF TEXAS Big Spring, TX USA Taylor, Daniel ROBINSON DRILLING OF TEXAS Big Spring, TX USA White, John ROTH CAPITAL PARTNERS Houston, TX USA Seeker, John ROYAL SERVICES Broussard, LA USA Templeton, Leslea ROYAL SERVICES Broussard, LA USA Mosvold, Torrey SCANDRILL INC Houston, TX USA Kelley, Andrew SENDERO DRILLING COMPANY San Angelo, TX USA Jones, David SIEMENS Houston, TX USA Williamson, Casey SMART OILFIELD SERVICES Lindale, TX USA McKinney, Wes SOUTHERN TECHNICAL CONTROL Midland, TX USA Tchokoev, Vastan STRESS ENGINEERING SERVICES Houston, TX USA Clisby, Emily TEXAS DEPARTMENT OF PUBLIC SAFETY Austin, TX USA Hopmann, Randy TEXAS DEPARTMENT OF TRANSPORTATION Austin, TX USA Speed, John TEXAS DEPARTMENT OF TRANSPORTATION Austin, TX USA Christian, Wayne TEXAS RAILROAD COMMISSION Austin, TX USA Lewis, Tryon TEXAS TRANSPORTATION COMMISSION Austin, TX USA Rankin, James TEXAS WEST BOP SALES & SVC Odessa, TX USA Page, Stuart THE CARLYLE GROUP Houston, TX USA Bendik, JB THE NAVITAS ORGANIZATION Midland, TX USA Hardman, Paul THE REACH GROUP Houston, TX USA Dokken, Quenton TX INSTITUTE APPLIED ENVIRO RESEARCH Stephenville, TX USA Gallegos, Gene UNIT DRILLING COMPANY Odessa, TX USA Johnson, Luke UPSTREAM Houston, TX USA 09/12/2017 Page 3 of 4 NAME COMPANY NAME CITY, STATE COUNTRY Trentham, Robert UT OF THE PERMIAN BASIN Odessa, TX USA Orlando, Matt VERISTIC TECHNOLOGIES Houston, TX USA Nowotny, Jim VOLANT PRODUCTS Fulshear, TX USA Young, Cody-Jean WARD LEONARD Houston, TX USA Fogerson, Zeph WARREN CAT Midland, TX USA Smith, Jeremiah WELL DRILLING CORPORATION Houston, TX USA Whitefield, Bill WHITEFIELD PLASTICS Houston, TX USA Grice, Gator WILBANKS TRUCKING SERVICES Artesia, NM USA Stephens, Brumbach WILBANKS TRUCKING SERVICES Artesia, NM USA Wilbanks, Jason WILBANKS TRUCKING SERVICES Artesia, NM USA Total Attendees: 161 09/12/2017 Page 4 of 4.
Recommended publications
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • 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 …………………………………………………………………
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • Large Integrated Oil and Gas Producers Provide Compelling Value
    Large integrated oil and gas producers provide compelling value at current energy prices Capital discipline driving sustainable high dividends with positive free cashflow and reserve growth Philip Higson Marius Mueller October 25th 2019 Large integrated oil and gas producers provide compelling value at current energy prices New oil price equilibrium at 50% of 2014 levels has reset management strategies and oil majors now have attractive investment characteristics after 5 years of capex adjustments and severe sector underperformance. Over the same time period, shale output had an unprecedented boom funded by bond issuance. Capital discipline enforced by bond holders has marked the top of supply growth in 2018 and forward oil and gas hedging by shale operators suggests shale output could contract within 18 months. Supply constraint has been driven by an allergic reaction to excessive production coupled with negative free cash-flow by small and medium operators. There is now some likelihood of an offset if energy demand weakness is triggered by a global slowdown. Capital discipline is also driving oil majors to have a more shareholder friendly approach with high and growing dividends, sustainable payout ratios and positive reserve growth whilst generating positive free cash-flow. Energy weakest performing sector in 5 out of last 6 years - Oil price reset from $100 to $50 per barrel starting mid 2014 on shale boom and OPEC breakdown - Growth of renewables and alternative energy sources makes investors question 20 year cash-flow models - Pension funds start underweighting conventional energy on ESG grounds - Oil price fell 25% in past 12 months on global growth slowdown worries impacting 2019 results Valuations now compelling at current energy price on basis of cash-flow per share and dividend per share - Capital discipline of larger players positions producers to grow reserves while maintaining a sustainable FCF outcome - Return to shareholders with yield of 4.9% with 67% payout ratios and 6% dividend growth p.a.
    [Show full text]
  • City of Warwick Retirement System , Et Al. V. Concho Resources Inc., Et Al
    Case 4:21-cv-02473 Document 1 Filed on 07/30/21 in TXSD Page 1 of 33 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF TEXAS x CITY OF WARWICK RETIREMENT : Case No. SYSTEM, Individually and on Behalf of All : Others Similarly Situated, : CLASS ACTION : Plaintiff, : : COMPLAINT FOR VIOLATIONS OF vs. : THE FEDERAL SECURITIES LAWS : CONCHO RESOURCES INC., : CONOCOPHILLIPS (SUCCESSOR-IN- : DEMAND FOR JURY TRIAL INTEREST TO CONCHO RESOURCES : INC.), TIMOTHY A. LEACH, JACK F. : HARPER, C. WILLIAM GIRAUD, : BRENDA R. SCHROER, and E. JOSEPH : WRIGHT : : Defendants. : x Case 4:21-cv-02473 Document 1 Filed on 07/30/21 in TXSD Page 2 of 33 INTRODUCTION Plaintiff City of Warwick Retirement System (“Plaintiff”), individually and on behalf of all others similarly situated, alleges the following based on personal knowledge as to Plaintiff and Plaintiff’s own acts, and upon information and belief as to all other matters based upon the investigation conducted by and through Plaintiff’s attorneys, which included, among other things, a review of Securities and Exchange Commission (“SEC”) filings by Concho Resources Inc. (“Concho” or the “Company”), as well as conference call transcripts and media and analyst reports about the Company. Plaintiff believes that substantial evidentiary support will exist for the allegations set forth herein after a reasonable opportunity for discovery. OVERVIEW OF THE ACTION 1. This is a securities class action brought on behalf of all persons or entities who purchased or otherwise acquired Concho common stock from February 21, 2018 through July 31, 2019, inclusive (the “Class Period”). The action is brought against Concho, ConocoPhillips as the Company’s successor-in-interest having acquired Concho January 2021, and certain of Concho’s officers and/or directors during the Class Period (collectively, “Defendants”) for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), and Rule l0b-5 promulgated thereunder.
    [Show full text]
  • Concho Resources Inc. and Frontier Midstream Solutions Announce Midstream Joint Venture
    NEWS RELEASE Concho Resources Inc. and Frontier Midstream Solutions Announce Midstream Joint Venture 4/15/2019 Joint Venture to Build Beta Crude Connector System in Midland Basin MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (“Concho”) and Frontier Midstream Solutions IV, LLC (“Frontier”) announced today that Concho and Frontier have executed an agreement to create Beta Crude Connector, LLC (“BCC”). Concho and Frontier will each own a 50% equity interest in BCC, with Frontier serving as operator. BCC will build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin, supporting continued oil production growth in the region. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190415005230/en/ The new gathering and transportation system will consist of an approximately 100-mile gathering system, 250,000 barrels of crude oil storage facilities as well as truck terminals. The pipeline system will have the initial capacity to deliver 150,000 barrels per day of crude oil to multiple delivery points, accessing local reneries and connecting to several downstream pipelines. Following an open season set for April 2019, construction will commence, targeting initial ows in mid-2019. BCC will le for FERC authority to operate as a common carrier pipeline and solicit interest from other producers and marketers for capacity on the new system. In conjunction with the joint venture agreement, Concho has agreed to enter into a long-term acreage dedication agreement with BCC. Jack Harper, President of Concho, commented, “We are excited to partner again with Frontier in the development of the Beta Crude Connector.
    [Show full text]
  • Effective Tax Rates for Oil and Gas Companies
    Effective Tax Rates of 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 …………………………………………………………………
    [Show full text]
  • OIL, GAS and the CLIMATE: an Analysis of Oil and Gas Industry Plans for Expansion and Compatibility with Global Emission Limits
    OIL, GAS AND THE CLIMATE: An Analysis of Oil and Gas Industry Plans for Expansion and Compatibility with Global Emission Limits December 2019 “It is the urgent responsibility and moral obligation of wealthy fossil fuel producers to lead in putting an end to fossil fuel development and to manage the phase-out of existing production.” Quote from The Lofoten Declaration (lofotendeclaration.org), calling for leadership towards a phase out of fossil fuel production, signed by over 700 organisations in 80 countries. CANRac CLIMATE ACTION RÉSEAU ACTION NETWORK CLIMAT EXECUTIVE SUMMARY Key Findings 2 Oil and Gas, and the Carbon Budget 3 THE OIL AND GAS INDUSTRY PLANS TO INCREASE CARBON EMISSIONS 4 Publicly Listed Companies are Largely Responsible 5 Companies with the Largest Expansion Plans 5 The Five-Year Threat: Oil and Gas Expansion Around the World 6 Country Profiles 8 A BETTER FUTURE IS POSSIBLE: PHASING OUT EXISTING AND PLANNED OIL AND GAS EXTRACTION IS FEASIBLE AND JUSTIFIED 11 First Movers: Governments are Starting to Lead 12 CONCLUSION: THE TIME FOR TRUE CLIMATE LEADERSHIP IS NOW 13 A Role for Civil Society 13 Governments Need to Address the Threat of Oil and Gas Production 13 Investors Must Stop Financing Projects That Undermine Climate Goals 13 Oil, Gas and the Climate: An Analysis of Oil and Gas Industry Plans for Expansion and Compatibility with Global Emission Limits 1 EXECUTIVE SUMMARY This data briefing analyzes the expansion plans of the oil and gas industry and assesses the compatibility with Paris climate goals. We primarily focus on the global expansion threat over the next five years (2020 to 2024).
    [Show full text]
  • Bilag 3. Negativlister I Relation Til Producenter Af Fossile Brændstoffer M.V. Københavns Kommunes Finansielle Strategi Og Risikopolitik
    Bilag 3. Negativlister i relation til producenter af fossile brændstoffer m.v. Københavns Kommunes finansielle strategi og risikopolitik D. 8. juni 2016 Læsevejledning til negativlisten: Moderselskab / øverste ejer vises med fed skrift til venstre. Med almindelig tekst, indrykket, er de underliggende selskaber, der udsteder aktier og erhvervsobligationer. Det er de underliggende, udstedende selskaber, der er omfattet af negativlisten Moderselskab / øverste ejer – udstedende selskab Acergy SA SUBSEA 7 Inc Subsea 7 SA Adani Enterprises Ltd Adani Enterprises Ltd Adani Power Ltd Adani Power Ltd Adaro Energy Tbk PT Adaro Energy Tbk PT Adaro Indonesia PT Alam Tri Abadi PT Advantage Oil & Gas Ltd Advantage Oil & Gas Ltd Afren PLC Afren PLC Africa Oil Corp Africa Oil Corp AGL Energy Ltd AGL Electricity VIC Pty Ltd AGL Energy Ltd AGL Sales Pty Ltd Victorian Energy Pty Ltd Aker Solutions ASA Akastor ASA Aker Solutions Holding ASA Aker Solutions ASA Alliant Energy Corp Alliant Energy Corp Alliant Energy Resources LLC Interstate Power & Light Co Wisconsin Power & Light Co Alpha Natural Resources Inc Alex Energy Inc Alliance Coal Corp Alpha Appalachia Holdings Inc Alpha Appalachia Services Inc Alpha Natural Resource Inc/Old Alpha Natural Resources Inc Alpha Natural Resources LLC Alpha Natural Resources LLC / Alpha Natural Resources Capital Corp Alpha NR Holding Inc Aracoma Coal Co Inc AT Massey Coal Co Inc Bandmill Coal Corp Bandytown Coal Co Belfry Coal Corp Belle Coal Co Inc Ben Creek Coal Co Big Bear Mining Co Big Laurel Mining Corp Black King Mine
    [Show full text]