Denbury's CEO Gets a Fat Payday; Shareholders Get the Short End of the Stick

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Lone Star Stories

Denbury's CEO Gets a Fat Payday; Shareholders Get the Short End of the Stick

Denbury's CEO, Chris Kendall, is set to receive a whopping $68.7 million in equity awards as the company gears up for a $4.9 billion takeover by Exxon Mobil Corp. Shareholders express dissatisfaction over the Exxon deal, which offers little premium, especially after Denbury's impressive stock rebound post-bankruptcy.

Governor Abbott: No Gas Bans in Texas & Stands Firm Against Federal Energy Regulations

Governor Greg Abbott ceremonially signed Senate Bill 1017 and House Bill 33 during the TIPRO Summer Conference, which collectively prevent local Texas governments from banning gasoline engines or stations and restrict state agencies from assisting in the enforcement of non-state federal oil and gas regulations.

Reader Question of the Day

What impact do varying sulfur and heavy metal concentrations have on oil refining processes?

Sulfur Impact on Oil Refining:

Sulfur compounds in crude oil can lead to the production of sulfur dioxide during combustion, which is a major contributor to acid rain and air pollution. To mitigate this, refineries must remove sulfur from oil products through processes like hydrodesulfurization. High sulfur content can also corrode equipment and catalysts, increasing operational costs and maintenance needs.

Heavy Metal Impact on Oil Refining:

Heavy metals, such as vanadium and nickel, present in crude oil can deactivate catalysts used in refining processes, reducing their efficiency. When burned, these metals can also produce harmful emissions and residues. Refineries must employ special treatments or processes to remove or manage these contaminants, ensuring both the quality of the refined products and environmental compliance.

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