Archive for October, 2014

US Seismic Systems, Inc. Technology Validated by Two Peer-Review Papers

US Seismic Systems, Inc. Technology Validated by Two Peer-Review Papers

October 16, 2014 - 2:17 pm 360 Company Releases
Coal is Back?

Coal is Back?

EIA - Electricity Generation

Surprise: The EIA predicts more coal will be used to generate electricity this year than in 2013. But they believe coal’s downtrend will resume in 2015. In 2013, 39.1% of U.S. power was generated by burning coal. In 2014 that …

October 16, 2014 - 1:01 pm Chart of Week

As Oil Prices Fall, Who Wins And Who Loses?

Prices are down 25 percent since June, unleashing ripples around the globe that range from lower gas prices in the U.S. to budget problems in Russia to political pressures in the Middle East.

October 16, 2014 - 12:45 pm Energy RSS

As Oil Prices Fall, Who Wins And Who Loses?

Oil is down 25 percent since June, unleashing ripples around the globe that range from lower gas prices in the U.S. to budget problems in Russia to political pressures in the Middle East.

October 16, 2014 - 12:29 pm Energy RSS

ND produced record 35M barrels of oil in August

North Dakota produced a record 35 million barrels of oil in August, according to figures released Wednesday by the state's Industrial Commission. August also marked the Bakken oil formation's one billionth …

October 16, 2014 - 11:42 am Energy RSS

ND oil regulator: Price drop could slow drilling

Recent oil price drops could halt drilling in several North Dakota counties and force the state to reevaluate its budget, the state's top oil regulator said Wednesday. North Dakota oil prices have been …

October 16, 2014 - 11:39 am Energy RSS

Oil prices free fall: Why Venezuela stands to lose the most

Oil prices continue to drop, putting pressure on producers worldwide. Venezuela may have the most to lose from a prolonged slide in oil prices.

October 16, 2014 - 11:35 am Energy RSS

If Oil Prices Keep Falling, Avoid These 4 Country ETFs

These country ETFs could be hit hard by the oil slump.

October 16, 2014 - 11:31 am Energy RSS

Kenyan shilling gains on offshore investors; Safaricom sinks shares

By Portia Crowe NAIROBI (Reuters) – The Kenyan shilling strengthened for a second straight session on Thursday dollars flowed in from offshore investors. Stocks edged lower. The shilling closed at 88.90/89.00, stronger than Wednesday's 89.10/89.20. A surge of dollars, most …

October 16, 2014 - 11:30 am Energy RSS, Offshore

Chesapeake has $5B deal to sell part of its Marcellus portfolio

Chesapeake Energy Corp. announced Thursday that it will shed its liquids-rich Marcellus Shale acreage in a $5.38 billion deal with Southwestern Energy Co.

October 16, 2014 - 11:20 am Energy RSS

Don’t Mess With Saudis in Oil Bear Market Global Shakeout

The bear market in oil is showing the world there's still only one country in a position to choose winners and losers in the global market: Saudi Arabia. Energy producers in turmoil, such as Russia, Iran and Venezuela, stand to …

October 16, 2014 - 11:03 am Energy RSS

Oil slide puts Venezuela's Maduro under pressure for reforms

By Corina Pons CARACAS (Reuters) – The slump in global oil prices has heightened pressure on President Nicolas Maduro to enact politically risky reforms to bolster Venezuela's weak public finances and its ability to pay down debt. Crude prices under …

October 16, 2014 - 11:01 am Energy RSS

The Wall Street Journal: Chesapeake Energy selling 435 wells to Southwestern Energy for $5.4 billion

The move will expend Southwestern’s position in the Marcellus Shale.

October 16, 2014 - 10:41 am Energy RSS

TAYO: West Texas Oil Boom Far From Over as Employment, Drilling Permits and Rig Count Keep Going Up

Taylor Consulting Inc. continues to execute its acquisition plans in the West Texas Permian Basin region as oil drilling permits, rig count and employment figures keep

October 16, 2014 - 9:39 am Energy RSS

Owen Paterson: fracking would be boon for poorest parts of the UK

Former environment secretarys comments a reminder of just how out of touch the Tories are, says Labour Fracking could be a financial boon to poor and remote parts of the UK, according to former environment secretary and climate change sceptic …

October 16, 2014 - 9:13 am Energy RSS, Fracing

Chesapeake dumps Marcellus, Utica shale

Daniel J. Graeber OKLAHOMA CITY, Oct. 16 (UPI) — Chesapeake Energy Corp. said Thursday it was selling its Utica and Marcellus shale assets to rival Southwestern Energy Co. for more than $5 billion.

October 16, 2014 - 9:08 am Energy RSS

Oil Slump Means Canceled Projects as Investment Declines

The global crash in crude prices is reverberating through the oil and gas industry, pressuring producers to curtail investment to protect profits and avoid cuts to dividend payments. The world's largest oil companies have rarely spent so much for so …

October 16, 2014 - 9:07 am Energy RSS

'No brutality' at fracking protests

No evidence has been found of police brutality against anti-fracking demonstrators at Barton Moss, an independent report finds.

October 16, 2014 - 8:55 am Energy RSS, Fracing

Landowners sue over fracking delay

Landowners in Southern Illinois are suing Gov. Pat Quinn and the head of the Illinois Department of Natural Resources, saying the state's delays in issuing permits for horizontal hydraulic fracturing are unconstitutional.

October 16, 2014 - 8:39 am Energy RSS, Fracing

Chesapeake Sells Shale Assets To Southwestern Energy For $5.375 Billion

Chesapeake Energy Corp. said Thursday it's selling shale assets to Southwestern Energy Co. for $5.375 billion.

October 16, 2014 - 8:28 am Energy RSS

Chesapeake sells shale assets to Southwestern Energy for $5.375 billion

NEW YORK (MarketWatch) — Chesapeake Energy Corp. said Thursday it's selling shale assets to Southwestern Energy Co. for $5.375 billion. The assets based in the Southern Marcellus Shale and a portion of the Eastern Utica Shale in West Virginia comprise …

October 16, 2014 - 8:21 am Energy RSS

Chesapeake sells shale assets to Southwestern Energy for $5.375 bln

Chesapeake sells shale assets to Southwestern Energy for $5.375 bln

October 16, 2014 - 8:18 am Energy RSS

SW Energy snaps up assets in Marcellus, Utica

Southwestern Energy will spend about $5.38 billion to acquire drilling assets in West Virginia and southwest Pennsylvania now owned by Chesapeake Energy. The acquisition includes 256 operated and producing …

October 16, 2014 - 8:06 am Energy RSS

Chesapeake to Divest Appalachian Shale Fields

The transaction includes drilling rights in the southern Marcellus Shale and eastern Utica Shale in West Virginia and Pennsylvania, Oklahoma City-based Chesapeake said in a statement today.

October 16, 2014 - 7:58 am Energy RSS

Falling oil prices shake up global economies

NEW YORK (AP) — A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices …

October 16, 2014 - 7:48 am Energy RSS

Chesapeake Energy Corporation Announces Sale of Southern Marcellus and Utica Shale Assets for Proceeds of $5.375 Billion

Chesapeake Energy Corporation announced that it has executed a Purchase and Sale Agreement to sell assets in the Southern Marcellus Shale and a portion of the Eastern Utica Shale in West Virginia to Southwestern Energy Company for aggregate proceeds of …

October 16, 2014 - 7:01 am Energy RSS

Chesapeake Energy Corporation Announces Sale of Southern Marcellus and Utica Shale Assets for Proceeds of $5.375 Billion

Chesapeake Energy Corporation announced that it has executed a Purchase and Sale Agreement to sell assets in the Southern Marcellus Shale and a portion of the Eastern Utica Shale in West Virginia to Southwestern Energy Company for aggregate proceeds of …

October 16, 2014 - 7:01 am Energy RSS

Oil Slump Means Canceled Projects as Investment Declines

Exxon Mobil Corp., Royal Dutch Shell Plc and Total SA are already paring back as new investment fails to yield positive returns. Total said last month that capital spending in 2017 will be 11 percent below 2013’s peak.

October 16, 2014 - 6:23 am Energy RSS

Strategic Oil & Gas Ltd. Announces Closing of Second Tranche of $73.4 Million Private Placement

Strategic Oil & Gas Ltd. Announces Closing of Second Tranche of $73.4 Million Private Placement

October 16, 2014 - 5:00 am 360 Company Releases

Oil exporting nations feeling pinch of low oil prices, oil importing ones feeling some relief

A sudden plunge in the price of oil is sending economic and political shockwaves around the world.

October 16, 2014 - 3:28 am Energy RSS