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Oil Patch Insider
Reservist Myers subject to call up; Ogan to chair Energy Council; TotalFinaElf gets drilling manager Mark Myers, the director of the state’s Division of Oil and Gas, is an officer in the U.S. Air Force Reserve, which means he can be called for duty at any time.
Myers has been director of the division for two years and was recently re-appointed by Alaska’s new governor, Frank Murkowski, to the position. (See page 1 news brief.)
As of March 26, his office says, he has not heard if, or when, he will be called up. Seitz resigns, Allison back in as Anadarko CEO Anadarko Petroleum Corp. President and CEO John Seitz resigned March 25 in what a company spokesman said was an apparent response to the board of directors’ dissatisfaction with Anadarko’s stock price.
Anadarko, one of the country’s largest independent oil and gas companies, has seen its stock price fall roughly 18 percent since Seitz became president in 1999 and about 23 percent since it reached a 52-week high of $58.13 last April.
In January 2002, Seitz was handed the reins of CEO by company Chairman and then CEO Robert Allison Jr. Anadarko stock has held in the mid-$40s for most of this year.
The announcement was made after the markets closed on March 25. Anadarko stock closed up 74 cents that day at $44.65, a 1.6 percent increase.
Seitz’s resignation was effectively immediately. He also resigned as a director of Anadarko.
He has been succeeded as president and CEO by Allison.
Allison served as CEO of Anadarko from 1986 to 2001 and has served as chairman of the board since Anadarko became an independent company in 1986. Allison was named to the Anadarko board and elected president of the company in 1976. He joined Anadarko in 1973 as vice president of operations.
Seitz joined Anadarko in 1977 as an exploration geologist. He was named vice president of exploration and production operations in 1989 and promoted to executive vice president of exploration and production and elected to the company’s board of directors in 1997. In 1999, Seitz was promoted to the position of president and COO.
In news reports following Seitz’s resignation analysts said they were shocked by the news, especially since Anadarko has been streamlining itself after recent years of acquisitions. Seitz, they said, had not been given enough time to prove himself. TotalFinaElf gets Alaska drilling manager Insider sources say TotalFinaElf is starting to staff up its new Anchorage office, which until about a month ago had a single employee — Alaska manager Jack Bergeron. One of the company’s most recent additions is a drilling manager.
TotalFinaElf re-entered Alaska in June with its successful bid for 20 leases in the National Petroleum Reserve-Alaska, where company officials have said it plans to drill in 2004.
Lynden expands, offers door-to-door service between Canada and Alaska
Lynden Air Freight Inc. has teamed up with Western Express Airlines to offer door-to-door cargo service between 10 western Canada hubs and 30 Alaska locations.
The move will give shippers priority two-day and standard three-day service. Ogan will become chair of Energy Council in September The week of March 17, Alaska Legislators attended quarterly Energy Council meetings in Washington, D.C., where Sen. Scott Ogan, R-Palmer, was elected vice-chair of the council. He will become the council’s chairman in September.
The Energy Council is a group of energy producing states and international affiliates that meets annually in the nation’s capital to discuss and lobby on energy issues.
“As chairman I will be responsible for setting the agenda for the Energy Council meetings. This of course is very important to Alaska as we continue to face major hurdles on issues such as ANWR and a natural gas pipeline,” Ogan said in a statement. “As chairman many doors will be opened to me that otherwise might not have been.”
Ogan said that during these meetings the Energy Council has the opportunity to meet and discuss major energy issues with high-level members of the federal government. He said such discussion has noticeably opened eyes and helped federal policy setters understand issues from an Alaska perspective.
Phillips 66 sign comes down, ConocoPhillips sign goes up On March 20, ConocoPhillips Alaska began changing the signs on their building in downtown Anchorage.
Off came the Phillips 66 shield. Each of the new, 62 foot, ConocoPhillips signs will consist of 14 individual letters and a logo. There will be one on each side of the building, ConocoPhillips spokesman Dawn Patience said.
Each letter is six to seven feet tall, weighs 100-125 pounds, is lit with white Arctic-grade neon tubing and has “Nixlite bird-retardant strips” to make it less appealing to birds, she said.
“The signs are constructed using T-6061 structural aluminum with Emron paint,” Patience said.
The contractors doing the work and providing the materials, she said, include American Sign & Lighting Co., American Janitorial Co., Laker Electric and Criterion General.
News for Oil Patch Insider can be sent to email address [email protected] or call Kay Cashman at 907 245-2297.
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