San Ramon, CA — Chevron Corporation (NYSE:CVX) announced that it will hold its third quarter earnings conference call on Friday, October 31, 2014, at 11:00 a.m. ET (8:00 a.m. PT).
Shareholders and others can access the conference call in listen-only mode by dialing 703-639-1116 or 866-219-5256, then keying in the Conference ID #: 1644851.
The Conference Call will also be webcast on www.Chevron.com, under the “Investors” section, and available there for replay later.
A panel discussion on hydraulic fracturing will be held at 6:00 p.m. on Tuesday, September 23, at California State University–Fullerton. The California Independent Petroleum Association (CIPA) is encouraging its members to attend and participate.
The symposium will be presented at Titan Student Union at Cal State Fullerton. Admission and parking is free. Those wishing to attend can RSVP online. Questions can be submitted beforehand, or at the event.
The California Council on Science and Technology, which authored the report on which the Bureau of Land Management based its decision to resume auctions of oil and gas leases on federal lands in California, has released the report online.
“Responsible decision making requires good science to balance economic potential with environmental concerns,” CCST Executive Director, Dr. Susan Hackwood said in a statement. “This report provides the most objective, up-to-date, peer-reviewed assessment available to inform thoughtful policy making in California, while also characterizing issues that require further study.”
The CCST released both the full 400-page report and a 32-page Executive Summary. Both can be downloaded via the links provided here, or from the CCST website.
The U.S. Bureau of Land Management announced Thursday, August 28th, that it will resume auctioning oil and gas leases on federal land in California. The resumption of leasing, halted in 2012, was made possible by a scientific study showing no instances of harm caused by hydraulic fracturing (“fracking”) and other well stimulation activities.
Leasing activity will begin in 2015, the agency said.
Auctions of leases stopped after the agency was sued by the Center for Biological Diversity and the Sierra Club, which claimed the BLM had failed to consider environmental effects of drilling.
The BLM announcement said the change reflected the findings of a study by the California Council on Science and Technology (CCST), a research organization established by the state legislature to advise regulators and legislators. The study was peer reviewed by the US Geological Survey.
Mexico’s President Enrique Peña Nieto took steps on Monday, August 10th, that will hasten by about a month the opening of his nation’s energy sector to foreign companies.
Peña Nieto said his government will specify this week which of Mexico’s oil and gas fields would be opened to bids by foreign companies, and which will be reserved for use by Pemex (Petroleos Mexicanos), the national oil company.
This move will enable foreign companies to obtain information a month earlier than expected so they can prepare their bids. The first round of bidding is set for early 2015.
Catherine Reheis-Boyd, president of the Western States Petroleum Association, and Rock Zierman, chief executive officer of the California Independent Petroleum Association, wrote the following in response to an editorial in the Los Angeles Times.
As the leaders of California’s two largest petroleum-industry trade associations, we feel it is important to have an open and informed conversation about energy development in our state. This is especially important since more than 18 separate agencies regulate, permit, and inspect our operations, which can be very complex and not well understood by the public or media.
It is for this reason, we want to address a number of inaccuracies that appeared in a recent Los Angeles Times’ editorial entitled, “California needs to overhaul its protection of groundwater,” which focused on the process of produced water injection in the oil and gas development process.
