Please Note: Due to NAPE Summit next week, the next report will be published on February 10. To attend NAPE Summit in Houston held February 3-7, learn more here: http://napeexpo.com/summit
INDUSTRY NEWS: Phillips 66 CEO named new API chairman. Last Wednesday, the American Petroleum Institute (API) named Phillips 66 CEO Greg Garland the new chairman of the trade group. He succeeds ExxonMobil CEO Darren Woods, who will remain on the Washington-based API's executive committee. "API is extremely fortunate to have Greg's expertise as the natural gas and oil industry continues to address the challenge of meeting growing energy demand while driving environmental progress," said API CEO Mike Sommers. Read more.