On March 18, San Antonio-based Valero Energy, the nation’s largest independent refiner, announced it would buy seven ethanol plants (with a combined annual nameplate capacity of 780 million gallons per year) as well as a developmental site from bankrupt VeraSun Energy for $477 million.
In attempt to bring its vast reserves of North Slope natural gas to market, the State of Alaska has provided inducements that may not only assure the project’s failure, it may ultimately cost the state nearly $2.5 billion.
Minimizing contract risk and increasing contract compliance used to be one of those topics that elicited mild interest at best from oil and gas executives.
Independent oil and gas development and acquisition company Linn Energy LLC has entered into a new $1.75 billion secured revolving credit facility with a $1.75 billion initial borrowing base, with BNP Paribas as administrative agent; Royal Bank of Canada as syndication agent; and Barclays, Calyon, Citibank and Royal Bank of Scotland as co-documentation agents.
Accounting firm Weaver and Tidwell LLP has named Tommy Lawler managing partner and CEO. Kerry Caves has been appointed to the COO position previously held by Lawler.
