LINN Energy (ticker: LINE) announced the sale of $2.3 billion in assets on October 3, 2014. The sale comes, as promised, to finance its previous acquisition of $2.3 billion in assets from Devon Energy. The Devon purchase was announced in June and closed in August. LINN is making strides in rebalancing its portfolio. In its Q2’14 conference call, management said
In North Dakota, technology has unlocked the oil and gas of the U.S. shale revolution, but it’s not without growing pains. In the Bakken region near Williston, North Dakota, we found farmers who can’t get their product to market while more than one quarter of the natural gas being produced is going, not to gas plants, but to waste. Also, oil shipped out to refineries on trains has been involved …
Baker Hughes (ticker: BHI), the $26 billion (marketcap) oilservices provider with oil and gas operations in 80 countries, flipped the switch Wednesday on its new policy of disclosing 100% of the chemistry in its hydraulic fracturing fluids. The company said chemical disclosure will be done without detailing specific product formulations. For each fracturing job beginning on or after October 1, 2014,
U.S. coal exports continued to decline from record volumes in 2012, according to an EIA report out today. In the first half of 2014, U.S. coal exports were at 52.3 million short tons (MMst), down 16% from the export levels in the first half of 2013. The EIA attributes the drop to reduced demand for steam coal from Europe and
