Dallas Federal Reserve establishes Energy Advisory Council

By Dallas Federal Reserve | March 12, 2018

The Federal Reserve Bank of Dallas has established an Energy Advisory Council to advise the bank on emerging trends and issues affecting various sectors of the energy industry.

Council members will provide their views regarding global supply and demand for crude oil, natural gas, refined products and alternative sources of energy, as well as the attendant impact on energy prices and implications for inflation, employment and capital expenditures in the U.S. economy.

The council will consist of up to 10 members appointed by the president of the bank and will be drawn primarily from the ranks of energy industry executives who work within the 11th Federal Reserve District, which includes Texas, southern New Mexico and northern Louisiana. Energy industry executives who serve as members of the bank or branch boards will also be invited to participate in discussions with the Energy Advisory Council.

“The Dallas Fed plays a unique role in conducting economic research and provides key insights into the impact of the energy sector on the U.S. and world economies,” said Rob Kaplan, Dallas Fed president. “The concentration of superb energy-related companies in the 11th District provides us with a unique perspective which helps inform our research as well as our views on the global economic impact of the energy sector.”

Members are appointed to a two-year term; members may be reappointed and serve a maximum of four years.

Energy Advisory Council members:

Maria Claudia Borras
President and CEO, Oilfield Services, at Baker Hughes, a GE Company
Houston, Texas

Tim Dove
President and CEO, Pioneer Natural Resources
Irving, Texas

Joseph Gorder
Chairman, President and CEO, Valero Energy
San Antonio, Texas

Tim Leach
Chairman and CEO, Concho Resources
Midland, Texas

Gary R. Petersen
Managing Partner and Founder, EnCap Investments L.P.
Houston, Texas

L.E. Simmons
Chairman, SCF Partners
Houston, Texas

Daniel Yergin
Vice Chairman, IHS Markit
Washington, D.C.

Members of bank or branch boards invited to participate:

Curtis Anastasio
Chairman, GasLog Partners
San Antonio, Texas

Greg Armstrong
Chairman and CEO, Plains All American Pipeline
Houston, Texas

Albert Chao
President and CEO, Westlake Chemical Corporation
Houston, Texas

Richard D. Folger
Managing General Partner, Colbridge Partners
Midland, Texas

Paul L. Foster
Director, Andeavor; Former Chairman, Western Refining
El Paso, Texas

Mary E. Kipp
President and CEO, El Paso Electric
El Paso, Texas

Cindy Taylor
President and CEO, Oil States International
Houston, Texas

Paula Gold-Williams
President and CEO, CPS Energy
San Antonio, Texas

Darryl L. Wilson
Houston, Texas