C.O.B. Tuesday C.O.B. Tuesday Ep. 86 "The New Annual Report" Featuring Castlen Kennedy and Gary Clark
We have a potpourri of topics for this week's session and are very excited to share them with you all. First, we were delighted to welcome Castlen Kennedy, Vice President, Corporate Communications and Public Affairs and her colleague Gary Clark, Vice President of Investor Relations & Market Intelligence at Apache Corporation. We have all admired the Apache Corporation Tree Grant Program and Castlen and Gary joined to give an excellent overview of the program and its accomplishments.
As you may know, the tree grant program has donated more than 4.8 million trees to U.S. nonprofits and governmental organizations so far. Since its formation in 2005, they have donated trees to schools, parks, cities, wildlife refuges and more in Louisiana, New Mexico, Texas and Wyoming. Castlen and Gary shared how the program developed and some of the interesting challenges they faced in order to meet the program's original goal of donating one million trees. As you will hear, Apache estimates the carbon capture of the trees they have helped plant today reduce about 16 percent of their US emissions.
We also touched on Apache's 2021 Sustainability Report which is scheduled to release on Wednesday morning. Given the effort involved across the entire company, you will hear the team reference the Sustainability Report as "The New Annual Report." It's that meaningful and labor intensive in today's ESG world. The report focuses on three main areas: air, water, and community with Apache's progress and goals for each area.
To add to the mix, this week marks the 5th India Energy Forum by CERAWeek in New Delhi, India, and virtually this week from October 20-22nd and I am attending the event in person! As you'll see in the intro, we have a guest appearance from our good friend Jamey Rosenfield of IHS Markit. This year's key themes include the energy transition, new sources of energy, energy demand and supply chains, Indian Energy sector growth, and everything in-between.
We had an action packed intro from the TPH crew: Mike Bradley showed the correlation between media headlines and oil prices, natural gas levels and what may happen with a cold winter. Colton Bean joined to share renewable power trends from the last few months and passed it to Colin Fenton who expanded on Mike's thoughts with media interest in oil prices and took a look at natural gas futures pricing.
----------
Copyright 2021, Tudor, Pickering, Holt & Co. The information contained in this update is based on sources considered to be reliable but is not represented to be complete and its accuracy is not guaranteed. This update is designed to provide market commentary only. This update does not constitute an offer to sell or a solicitation of an offer to buy any securities. Nothing contained in this update is intended to be a recommendation of a specific security or company nor is any of the information contained herein intended to constitute an analysis of any company or security reasonably sufficient to form the basis for any investment decision. Past performance is not indicative of future results. Tudor, Pickering, Holt & Co., and its officers, directors, shareholders, employees and affiliates and members of their families may have positions in any securities mentioned and may buy or sell such securities before, after or concurrently with the publication of this update. In some instances, such investments may be inconsistent with the views expressed herein. Tudor, Pickering, Holt & Co. may, from time to time, perform or solicit investment banking or other services for or from a company, person or entities mentioned in this update. Additional important disclosures, including disclosures regarding companies covered by TPH’s research department, may be found at www.tphco.com/Disclosure. Tudor, Pickering, Holt & Co. (TPH) is