American Oil and Gas Reporter - January 2023 - 22
IndustryDigest
the list. It is clear to us that they are
boycotting, some of them very strongly,
some of them very explicitly.
" We have not been haphazard with
this, " she assures. " We have been
thorough. We have had the same
standards for everybody and every one
of these organizations is in some way
engaging in a fossil fuel boycott
according to Kentucky law. " ❒
Williams Purchases
MountainWest System
TULSA-Williams reports it has
reached an agreement to acquire
MountainWest Pipelines Holding Co.
from Southwest Gas Holdings Inc. in a
transaction including $1.07 billion of
cash and about $430 million of
assumed debt, for an enterprise value
Petroleum Hall of Fame To Induct Four In 2023
MIDLAND-The Permian Basin
Petroleum Museum reports that its
Petroleum Hall of Fame, which honors
those whose work and service helped
build the Permian Basin, will induct
four new members in its 2023 class:
· F. Marie Hall
· Kenneth B. Nolen
· Edward E. Runyan
· Don L. Sparks
According to the museum, the
Hall of Fame is composed of 152
members, including some of the most
influential men and women in the
history of the petroleum industry
such as former U.S. Presidents
George H.W. Bush and George W.
Bush, as well as George T. Abell, Erle
P. Halliburton, George P. Mitchell
and former U.S. Secretary of
Commerce Donald Evans.
Contemporary industry leaders who
RUNYAN
SPARKS
also have been inducted into the
Petroleum Hall of Fame include State
Representative Tom Craddick, RMidland,
Tim Leach, Scott Sheffield,
Mack Chase, and Jim Henry.
The Petroleum Hall of Fame was
instituted in October 1967 by the
authority of the charter of the Permian
Basin Petroleum Museum " to honor
those persons and firms who have
made outstanding contributions to the
development of the petroleum industry
or have served as worthy examples to
those in the petroleum industry, and
thereby to record such examples of
service, strength of character and
achievement for the inspiration and
education of present and future
generations. " All the 2023 inductees
have distinguished themselves as
admirable examples for this and future
generations to admire and aspire to
emulate, the Petroleum Museum
relates.
" To be inducted into the
Petroleum Museum Hall of Fame
is an incredible accomplishment.
The 2023 inductees are an
exceptional group, as is proven by
their innovation and leadership in
their community and in the
petroleum industry. The Hall of
Fame Committee and I are proud
to honor these men and women, "
affirms John L. Kennedy,
chairman of the Hall of Fame
Committee of the Petroleum
Museum Board of Trustees.
The induction ceremony and
dinner will be held April 20, 2023
at the Bush Convention Center in
Midland. To learn more about the
2023 inductees, visit
www.pbpetro.org.
For information about the
HALL
NOLEN
22 THE AMERICAN OIL & GAS REPORTER
event, contact Luanne Thornton at
lthornton@petroleummuseum.org
or 432-683-4403. ❒
of roughly $1.5 billion.
According to Williams,
MountainWest entails around 2,000
miles of interstate natural gas pipeline
systems primarily located across Utah,
Wyoming and Colorado, with a total
transmission capacity of approximately
8 billion cubic feet a day.
MountainWest also holds 56 Bcf of total
storage capacity, including the Clay
Basin underground storage reservoir.
" Our natural gas focused strategy is
anchored in having the right assets in the
right places to serve our nation's growing
demand for clean, affordable and
abundant natural gas. MountainWest is
complementary to our current footprint,
providing us with infrastructure for
natural gas deliveries across key demand
markets, including into Salt Lake City, "
explains Williams President and Chief
Executive Officer Alan Armstrong.
" We also see this acquisition as an
opportunity to bring value to both
Williams and MountainWest customers
as we integrate business processes and
systems, allowing us to potentially
offer new flow paths for next
generation natural gas that could create
additional market optionality for our
shippers, " he adds. ❒
Verde Bio Holdings Cites
New Activity On Its Lands
FRISCO, TX.-Citing strong oil and
natural gas prices, Verde Bio Holdings
Inc. notes that its well count continues to
rise, adding that its main areas of new
development are on its Permian Basin,
Haynesville Shale and Marcellus/Utica
holdings.
A well being brought on line in
November points to a new producing
well and a permit indicates an intention
to drill. The company adds that it has
received notice of 18 permits and 16
new wells completed and being
brought on line. Verde indicates it has a
total of 421 active wells on its acreage
across 7 states.
" We are seeing significant growth in
our Haynesville Shale acreage, where
Southwestern and Chesapeake continue
development at a rapid pace, " relates
Verde Bio Founder and Chief Executive
Officer Scott Cox. " The company
recently received notices of multiple
multiunit horizontal wells in Desoto
Parish, La., and the Permian Basin also
continues to be active. r
http://www.pbpetro.org
American Oil and Gas Reporter - January 2023
Table of Contents for the Digital Edition of American Oil and Gas Reporter - January 2023
Contents
American Oil and Gas Reporter - January 2023 - Intro
American Oil and Gas Reporter - January 2023 - Cover1
American Oil and Gas Reporter - January 2023 - Cover2
American Oil and Gas Reporter - January 2023 - 3
American Oil and Gas Reporter - January 2023 - 4
American Oil and Gas Reporter - January 2023 - Contents
American Oil and Gas Reporter - January 2023 - 6
American Oil and Gas Reporter - January 2023 - 7
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American Oil and Gas Reporter - January 2023 - Cover3
American Oil and Gas Reporter - January 2023 - Cover4
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