CONCHA

Avantus Celebrates Galloway 2 Solar Project Groundbreaking in Texas

Retrieved on: 
Wednesday, February 8, 2023
Environment, Construction & Property, Urban Planning, Utilities, Public Policy, Government, Sustainability, Alternative Energy, Green Technology, Energy, State, Local, Construction, Allianz, Investment, Solar energy, Electricity, Kilowatt-hour, BASF, Watt, National Junior College Athletic Association, Engineering, Partnership, Engineering, procurement, and construction, Education, Multimedia, Lone Star, Community, RES, Galloway, Tax, Renewable energy

Today, Avantus ( formerly 8minute ), a leader in low-cost clean energy, celebrated the groundbreaking and continued development of the Galloway 2 Solar Project in Concho County, Texas.

Key Points: 
  • Today, Avantus ( formerly 8minute ), a leader in low-cost clean energy, celebrated the groundbreaking and continued development of the Galloway 2 Solar Project in Concho County, Texas.
  • More than half of this funding will directly benefit the Paint Rock School District, which is located less than five miles from the project.
  • The Galloway 2 project is owned by Allianz Capital Partners, with Avantus maintaining a minority stake in the project.
  • This is Avantus’ second utility-scale project development in the Paint Rock area, with many workers returning to support Galloway 2.

ConocoPhillips and Sempra Infrastructure Sign Heads of Agreement for Large-Scale LNG Projects and Carbon Capture Activities

Retrieved on: 
Thursday, July 14, 2022
Oil, Gas, Energy, Permian, Security (finance), Steel, U.S. Securities and Exchange Commission, LLC, Transport, Acquisition, Lifting, Accident, News, Engineering, ICSID, Aluminium, CCS, Attention, Concho Resources, MTPA, Partnership, Shell, BMV, Share repurchase, Ownership, ConocoPhillips, COVID-19, Government, Terrorism, Phrase, Time, Uncertainty, Forward-looking statement, Coal, Epidemic, OPEC, PDVSA, Natural gas, Heads of Agreement (1981), Pandemic, NYSE, Industry, Port Arthur, Carbon, Renewable energy, Oil, Risk management, Sempra Energy, LNG, HOA, Atlantic Ocean

Under the terms of the HOA, ConocoPhillips will supply the gas for its 5 Mtpa offtake and may provide additional gas supply services to the Port Arthur LNG facility.

Key Points: 
  • Under the terms of the HOA, ConocoPhillips will supply the gas for its 5 Mtpa offtake and may provide additional gas supply services to the Port Arthur LNG facility.
  • In addition, ConocoPhillips will have the option to acquire certain LNG offtake and equity ownership from future contemplated LNG trains at the Port Arthur LNG site, where a similarly sized Phase 2 project is also under development.
  • The companies will also evaluate development of low-carbon projects, including a carbon capture and storage (CCS) project for the Port Arthur LNG facility, and Sempra Infrastructure would have the opportunity to participate in carbon capture and sequestration projects developed by ConocoPhillips in Texas or Louisiana in connection with the Port Arthur LNG project.
  • Equity ownership in the Port Arthur LNG project would allow ConocoPhillips to participate in future expansions and lower-carbon activities in line with our own strategic initiatives.

Civitas Resources Announces Appointment of New Chief Legal Officer

Retrieved on: 
Wednesday, June 29, 2022
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Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced the retirement of Cyrus (Skip) Marter and the appointment of Travis Counts as the Companys new Chief Legal Officer.

Key Points: 
  • Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced the retirement of Cyrus (Skip) Marter and the appointment of Travis Counts as the Companys new Chief Legal Officer.
  • In conjunction with Mr. Marters retirement, the Company's board of directors has appointed Travis Counts as the new Chief Legal Officer and Secretary.
  • Chris Doyle, President and Chief Executive Officer of Civitas, commented, Our board of directors and I want to thank Skip for his many contributions to Civitas.
  • We also want to welcome Travis Counts as our new Chief Legal Officer.

ConocoPhillips Announces Executive Leadership Changes

Retrieved on: 
Monday, May 2, 2022
Oil, Gas, Energy, Permian, COVID-19, Harper, Accident, U.S. Securities and Exchange Commission, Forward-looking statement, Share repurchase, ConocoPhillips, PDVSA, Steel, NYSE, Concho Resources, Time, Shell, Aluminium, Security (finance), OPEC, Terrorism, Leach, Attention, Industry, Epidemic, Pleasure, Lifting, Government, Phrase, ICSID, Efficiency, Uncertainty, Pandemic, News, Transport, Contiguous United States, Acquisition, Philosophy, Management, Risk management

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Key Points: 
  • ConocoPhillips (NYSE: COP) today announced that Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer, effective May 1, 2022.
  • In conjunction with this change, the company also announced that Jack Harper, previously president, Permian for ConocoPhillips, and former president of Concho Resources, has assumed the role of executive vice president, Lower 48 and joined the ConocoPhillips executive leadership team, effective May 1, 2022.
  • He has been instrumental in guiding our Lower 48 organization and driving value from the Concho transaction, said Ryan Lance, ConocoPhillips chairman and chief executive officer.
  • We ushered in a new era of energy leadership with the strategic combination of the ConocoPhillips and Concho assets, operations and teams.

ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Feb. 3

Retrieved on: 
Thursday, December 16, 2021
Oil, Gas, Manufacturing, Energy, Other Energy, Chemicals, Plastics, Phrase, Forward-looking statement, U.S. Securities and Exchange Commission, ICSID, Uncertainty, Government, Concho Resources, Pandemic, Shell, Share repurchase, NYSE, Epidemic, OPEC, COVID-19, Acquisition, Time, ConocoPhillips, Terrorism, Lifting, Transport, Aluminium, Attention, Security (finance), Steel, Investor relations, PDVSA, Webcast, Risk management

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Key Points: 
  • ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Feb. 3, 2022, at 12:00 p.m. Eastern time to discuss fourth-quarter 2021 financial and operating results.
  • To access the webcast, visit ConocoPhillips Investor Relations site, www.conocophillips.com/investor , and click on the "Register" link in the Investor Presentations section.
  • Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 14 countries, $87 billion of total assets, and approximately 9,900 employees at Sept. 30, 2021.
  • Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

ConocoPhillips Announces Agreement to Sell Indonesia Assets for $1.355 Billion and Provides Notice that it is Exercising its Preemption Right to Purchase Up to an Additional 10% Shareholding Interest in APLNG

Retrieved on: 
Wednesday, December 8, 2021
Oil, Gas, Energy, U.S. Securities and Exchange Commission, NYSE, GHG, Forward-looking statement, MedcoEnergi, Origin Energy, Natural gas, Security (finance), Phrase, OPEC, PDVSA, Steel, Epidemic, Shell, ConocoPhillips, Pandemic, Transport, Government, History, Aluminium, Lifting, Time, COVID-19, Attention, Uncertainty, Share repurchase, ICSID, Sale, Terrorism, Concho Resources, Acquisition, PSC, Oil

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Key Points: 
  • The ConocoPhillips subsidiary currently holds a 37.5% APLNG shareholding interest and would own 47.5% of APLNG upon closing if the other relevant APLNG shareholder does not exercise its preemption rights.
  • The transaction is expected to close in the first quarter of 2022 and is subject to Australian government approval.
  • ConocoPhillips full-year 2020 production from APLNG was approximately 115 MBOED, and full-year 2021 distributions are expected to be approximately $750 million, excluding distributions resulting from any additional shareholding interest arising from preemption.
  • Through the achievements of APLNG and its other shareholders, Origin Energy and Sinopec, APLNG has become a world-class integrated LNG operation.

ConocoPhillips Announces Preliminary 2022 Capital Expenditures Budget; Initiates Three-Tier Returns of Capital Program and Declares Quarterly Variable Cash Distribution

Retrieved on: 
Monday, December 6, 2021
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Todays announcement reflects the addition of Shells Permian Basin properties, including the previously announced expected 2022 capital expenditures and production associated with that transaction.

Key Points: 
  • Todays announcement reflects the addition of Shells Permian Basin properties, including the previously announced expected 2022 capital expenditures and production associated with that transaction.
  • The first VROC of $0.20 per share will be paid on Jan. 14, 2022, to shareholders of record as of Jan. 3, 2022.
  • The company also announced its expected 2022 returns of capital program and the initiation of a three-tier returns of capital framework.
  • Returns of capital (also referred to as distributions) is defined as the total of the ordinary dividend, share repurchases and VROC.

ConocoPhillips Announces Completion of All-Cash Permian Asset Acquisition

Retrieved on: 
Wednesday, December 1, 2021
Oil, Gas, Energy, Permian, GHG, News, Government, Security (finance), Terrorism, Phrase, Time, Concho Resources, Acquisition, Aluminium, Forward-looking statement, Pandemic, Shell, NYSE, Transport, Attention, ICSID, PDVSA, U.S. Securities and Exchange Commission, Epidemic, COVID-19, OPEC, ConocoPhillips, Uncertainty, Steel, Lifting, Bank, Risk management

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Key Points: 
  • ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Shell Enterprises LLCs prolific Delaware basin position for $9.5 billion in cash.
  • After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion, with an effective date of July 1, 2021.
  • Lance continued, The completion of this acquisition caps off an exceptional year and significantly strengthens our company as we head into 2022.
  • Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Tailwater Capital Announces Launch of Tailwater Royalties to Deepen Investment Presence in Key Basins

Retrieved on: 
Friday, November 5, 2021
Permian, Mineral, Ecosystem, Decreasing graduation completion rates in the United States, P.C, Marathon Oil, Immersion, Leadership, Engineering, Entrepreneurship, Eagle Ford, Dallas, Concho Resources, Growth, Petroleum, LLC, Partnership, Reservoir engineering, Acquisition, Norfork Tailwater, Company, Financial services, Oil

Tailwater Royalties will deepen the Firm's footprint in critical regions with a focus on the acquisition of minerals and royalties across multiple basins throughout North America, including the Permian Basin, Williston, Eagle Ford and Rockies.

Key Points: 
  • Tailwater Royalties will deepen the Firm's footprint in critical regions with a focus on the acquisition of minerals and royalties across multiple basins throughout North America, including the Permian Basin, Williston, Eagle Ford and Rockies.
  • Through the leadership of Mr. Prieto and Mr. Harris, Tailwater Royalties will continue to exemplify Tailwater's commitment to a partnership-based approach with investment theses that build on proprietary knowledge and balanced portfolio construction.
  • We believe the initiatives planned by Tailwater Royalties will continue to help us build diversified positions for thought leadership in the energy space."
  • Paul Lee, Entrepreneur-In-Residence of Tailwater, will work closely with Tailwater Royalties to execute on its near- and long-term growth objectives.

Megan Hays Joins Kimmeridge as Firm Drives Change in Public E&P Sector

Retrieved on: 
Monday, November 1, 2021
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NEW YORK and DENVER, Nov. 1, 2021 /PRNewswire/ --Kimmeridge Energy Management Company, LLC ("Kimmeridge" or the "Firm"), a private investment firm focused on upstream energy, with an investment philosophy underpinned by fundamental research, today announced that Megan Hays has joined the firm as a managing director on its public investment team.

Key Points: 
  • NEW YORK and DENVER, Nov. 1, 2021 /PRNewswire/ --Kimmeridge Energy Management Company, LLC ("Kimmeridge" or the "Firm"), a private investment firm focused on upstream energy, with an investment philosophy underpinned by fundamental research, today announced that Megan Hays has joined the firm as a managing director on its public investment team.
  • Mrs. Hays brings with her 15 years of investor relations experience, with deep industry knowledge from her roles at major public E&P companies.
  • Mark Viviano, Head of Public Equities at Kimmeridge, said, "While important reforms have been achieved in the public E&P sector, there is still much work to be done to prepare the sector for the energy transition.
  • Megan Hays, Managing Director at Kimmeridge, said, "Now more than ever, public E&Ps must critically examine whether their business models can endure the energy transition and remain viable for the future.