The KBH Energy Center’s Energy Management Program

KBH Energy Center pic
KBH Energy Center
Image: kbhenergycenter.utexas.edu

 

The founder and leader of Oklahoma City’s Mekusukey Oil Company, Duke Ligon is an attorney with experience in the energy sector. A resident of Oklahoma City, Duke Ligon also serves as a cochair of the Kay Bailey Hutchison Center for Energy, Law, and Business (KBH Energy Center).

Cofounded by the University of Texas at Austin McCombs School of Business and School of Law, the KBH Energy Center offers a range of courses to undergraduate and postgraduate law and business students, including its Energy Management Program. This program, available to undergraduate business students, focuses on technological advances in various areas of the energy sector, such as deep-water initiatives and wind power.

The Energy Management Program aims to equip students with the leadership tools they will need to meet the challenges presented by the ever-evolving energy sector. Participants study geoscience, business, law, and petroleum operations, in addition to undertaking elective coursework modules that focus on topics including alternative energy, sustainable development, and energy trading.

Heritage Trust Offers Four-Stage Planning Process

Heritage Trust pic
Heritage Trust
Image: heritagetrust.com

Duke Ligon serves on the board of directors of 10 publicly traded or closely held companies, the majority of which are based in Oklahoma City. An attorney with more than 35 years of legal expertise in various sectors, Duke Ligon is not only on the board of directors for Oklahoma City’s Heritage Trust Company but also serves as a member of its compensation committee and succession committee.

Heritage Trust Company is an independent trust bank that was established in 1998 as an alternative to big bank trust departments. The company employs the following four stages to help clients with their various needs, from oil and gas to investment management in year one.

1. Execute agreements. The first step prior to substantial planning is to initiate a transfer of assets and complete proper documentation.

2. The first few weeks involves developing steps to execute a financial plan. This stage involves a risk tolerance questionnaire and reviewing account objectives as well as help with investing assets.

3. Ongoing communication is crucial for client success. Heritage Trust’s relationship managers provide monthly statements, quarterly performance reports, and proactive communication on a periodic basis.

4. An annual review is conducted at the end of the year, with an emphasis on yearly performance and current objectives.

To learn more about how Heritage Trust can serve you, visit heritagetrust.com.

KBH Energy Center’s Recent Research on ESA’s Impact on Energy Projects

KBH Energy Center pic
KBH Energy Center
Image: kbhenergycenter.utexas.edu

From his office in Oklahoma City, Duke Ligon oversees all aspects of Mekusukey Oil Company, which maintains a portfolio of mineral interests throughout the United States. In tandem with his work as owner and manager of Mekusukey Oil, Duke Ligon guides the mission of the Kay Bailey Hutchison Center for Energy, Law and Business as co-chair of the executive council.

In addition to promoting energy leaders of the future, the Kay Bailey Hutchison Center, commonly known as KBH Energy Center, produces original research on issues of interest to the energy sector. For example, in response to the complaints of many industry groups that the Endangered Species Act requires a lengthy consultation process prior to starting energy projects, the center recently published research exploring the impact of the Endangered Species Act on such projects.

The research found that only a small number of energy projects on land managed by the Bureau of Land Management were subject to a consultation between 2010 and 2014. Of those energy projects, consultations on oil and gas projects took relatively little time, while consultations on renewable energy projects took substantially longer. None of these projects were stopped due to the Endangered Species Act. While industry representatives complained that the consultations delayed projects significantly, the paper concluded that measures were being taken to make the consultation process more streamlined and standardized.

The Developing Role of Federal Energy Regulations

Duke Ligon - Diverse Experience as Oklahoma City Oil Executive
Duke Ligon, Oklahoma City

As an attorney and a board member of multiple energy production companies, Duke Ligon of Oklahoma City has an interest in laws regulating the energy industry. Duke Ligon is co-chair of the executive council of Kay Bailey Hutchison Center for Energy, Law, and Business, working with the University of Texas to inform rising generations of energy producers about industry regulation.

Legal regulations surrounding energy production, transmission, and consumption serve a range of purposes. The Department of Energy was established in 1977 as a direct response to the energy crisis of that decade. Prior to the DoE, such matters were addressed by the Federal Power Commission established in 1920, but the resource scarcity of the Great Depression and WWII, in addition to the growing demand on power systems and fuel sources over the 20th century, gradually led the government to take more direct action.

Recent years have seen the government’s mission expand further with the growing concerns regarding foreign dependence, pollution, and climate change. Besides offering incentives for innovations in energy efficiency and emission reduction, the Department of Energy has determined that it would set an example of responsible energy use. It is committed that by 2025, the federal government will draw at least 30 percent of its energy use from renewable sources and that at least 25 percent would be from clean energy.