Executive Summary:
This report outlines Granite Oil Corporation’s key strategic objectives and mission for value creation, external environment, organizational design, its competitive advantages, applications to course material and comparisons to other similar companies it is in competition with.
Table of Contents
Introduction
Granite Oil Corporation is a relatively small public corporation dealing in exploration for and exploitation, development and production of oil and natural gas [4]. Granite Oil Corporation solely owns a reserve of oil on the Bakken formation near Lethbridge Alberta, and has developed this property with 44 horizontal production wells [5].
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• Gail Hannon: CFO – with over two decades of oil and gas experience, Hannon is a professional accountant. She began her career with International Colin Energy Corp. and progressively climbed up towards more senior financial positions with multiple other companies prior to Granite Oil Corp.
• Bradley Porter – Director: as an independent businessman and co-founder of DeeThree, Porter has served as board member for numerous corporations in the oil and natural gas industry. Prior to DeeThree, He served as Executive Vice President and Director for two other companies in the industry.
• Martin Cheyne – Director: Cheyne served as President and Director to two companies, as well as founding Bredal Energy Corp. before becoming a founder of DeeThree. He also served as Director for Triaxon Resources Ltd., a corporation he sold a large portion of his Bredal’s producing assets to. He also served as a Vice President to International Colin Energy Corp.
• Kevin Andrus – Director: Andrus is a Portfolio Manager of Energy Investments with GMT Capital Corp. and a Chartered Financial Analyst who has spent many years working with a variety of investment management companies
• Henry Hamm – Director: Hamm is the owner and operator of several private companies in Alberta’s Grand Prairie Region, including land development, home building companies and oil and gas service companies
• Tyler Klatt – Director: a professional geologist with over fifteen years of experience working in the
Apache’s main competitors consist of Occidental Petroleum, Anadarko, Hess Corp and Marathon Oil Corp. All of these companies compete in a very competitive industry where commodities are sold. Apache is one of the largest of the independent oil companies. In an industry with high entry barriers, it is impossible to build a corporation with 24.3 billion in assets
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Yergin is the IHS Vice Chairman, and as their website tells us, he is also a "Pulitzer-Prize winning author and leading authority on energy, international politics and economics." He graduated from Yale University, and received his Ph.D. from Cambridge University. In addition to "The Prize," which won the Pulitzer Prize, he is also known for his book "The Quest Energy, Security, and the Remaking of the Modern World." He has been awarded the United States Energy Award, the Charles Percy Award for Public Service from the Alliance to Save Energy, a Lifetime Achievement Award by India 's Prime Minister, and many others (IHS, 2014). Yergin has a vast knowledge and understanding for the oil industry including its history and future implications.
Earlier Bonar served as CEO of Imaging Technologies Corporation. He was instrumental in this company growing into a leading developer of color management software. For 14 years Bonar worked for IBM on 3 continents including, Asia, Europe and North America. He's served on numerous board of directors including on the Solvis Group, American Marine LLC, Alliance National Insurance Company and The Boys and Girls Club of Greater San Diego
This 1.4 trillion-dollar industry has been able to benefit Albertans. To elaborate, Alberta’s upstream energy sector, which mainly includes the oil sands, conventional oil as well as gas and mining has provided 133,053 jobs for Alberta residents, according to Statistics Canada. As well, having the third largest oil reserves in the world, Canada is able to use the oil reserves as a trading asset, as it is currently providing 1.4 million barrels of oil to the USA everyday, which is equivalent to $49.7 million at current stock prices. As well, $52 billion dollars in royalty were accounted for during 2013-14. In this way, the oil sands industry provides jobs, billions of dollars in royalties and boosts national income and prosperity through the trading of this resource. This affects my stakeholder since this would give Ed Stlemech a healthy financial resume/profile to an otherwise terrible environmental and societal resume while he was Alberta’s
Milton Johnson was assigned president of HCA in 2011 and CEO in 2014 (“R. Milton Johnson,” n.d.). Johnson works in conjunction with HCA’s board of directors which includes 11 individuals. The board of directors is comprised of Robert Dennis, Nancy-Ann DeParle, Thomas Frist III, William Frist, Ann Lamont, Jay Light, Geoffrey Meyers, Michael Michelson, Wayne Riley, and John Rowe (“Board Composition,” 2016). HCA’s Chief Operating Officer is Samuel Hazen, who assumed his role in 2011 (“Samuel N. Hazen,” n.d.). HCA’s Chief Financial Officer is William Rutherford, who also assumed his role in 2011 (“William B. Rutherford,” n.d.). Within Parallon there are additional executive officers for each division. Brendan Courtney is the President and CEO of
In 1985, the company hired Nolan D. Archibald as president and chief operating officer (CEO). Under his leadership
Hansjoerg Wagner has a long list of job positions in a number of businesses. He became a part of BitRush Corp’s Board of Directors in June 2016. Before joining BitRush, Karsten Arend was the Chief Strategy Officer of Atomic Water, Inc. He became the Director of BitRush on April
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The TexasAgs oil company case study gave us insights on different aspects of a negotiation that can happen in real world scenarios. It elegantly portrayed the importance of having a BATNA, setting target and restriction points, impact of the fluctuating markets on the ongoing negotiations, downside of the emotional behavior, importance of having a third party member or mediator in the negotiation. The case illustrates that the negotiations should be based assumptions as they may or may not be right. Having facts and understanding the other parties true objectives and goals are truly essential in negotiation. It is a typical example of how the current power on one side can dominate and take complete advantage of their position.
Following his engineering education at MIT, David worked for several engineering consulting firms, including Arthur D. Little, the Amicon Corporation, Halco International, and the Scientific Design Company. In 1970, David joined Koch Industries, which was then headed up by the current chairman and CEO, Charles Koch, David’s brother. David serves as the Executive Vice President of Koch Industries.
Pacific Oil Company is a Sweetwater Oil company of Oklahoma City, Oklahoma. It was founded in 1902. One of the major chemical lines of Pacific's is the production of vinyl chloride monomer (VCM).
Economically, Russia wants to gain control of Georgia’s oil pipelines, and make money and get resources from them. Russia and Georgia want to have control of all the oil pipelines. Having control for the oil pipelines provides either Russia or Georgia with more money (Russia-Georgia Conflict). This is almost all about money. Russia only wants to have control over georgia so they could have money and followers. Russia needs more resources to work with and use against the opposition. Russia will have even more control of oil and will have much more resources to work with if they get georgia’s oil pipelines (Globed Mail). This shows that Russia needs Georgia for their oil. There are three main oil pipelines that they want. The main
Larry Franklin was a Director since 2001. His experience includes Franklin Sports Inc. and Bradford Soap International Inc. Fred Foulkes was a director since 2003. He had been a Professor of Organizational Behavior and Founder and Director of the Human Resources Policy