Story by The New York Times Kirk Kerkorian, the media-shy investor who became one of the richest Americans by betting his money on ventures like casinos and film studios, died Monday night at his home in Beverly Hills, Calif. He was 98. Richard E. Sobelle, general counsel of Mr. Kerkorian’s company, the Tracinda Corporation, confirmed the death. Born poor, Mr.
Energen Corporation (EGN) said today that it has begun hedging its 2016 oil production and has added to its 2015 oil hedge position. Over the past week, Energen has entered into swap contracts for approximately 1.1 million barrels of 2016 oil production at an average NYMEX price of $63.80 per barrel. The company also has hedged an additional 2.9 million
Sempra Energy (SRE) today announced that its board of directors has authorized the company to pursue the formation and initial public offering of a publicly traded partnership to be called Sempra Partners, LP, expected to be listed on the New York Stock Exchange under the ticker symbol “SREP.” Sempra Energy has received its Private Letter Ruling from the Internal Revenue Service
Story by CNBC Markets hope to hear from a dovish Fed Wednesday, even though Fed Chair Janet Yellen may send a strong message that the central bank is likely to raise interest rates this year. The Fed is widely expected to hike rates for the first time in nine years in September. Ninety-two percent of the participants in CNBC’s Fed Survey
TORC Oil & Gas Ltd. Confirms Monthly Dividend for June 2015 TORC Oil & Gas Ltd. (“TORC” or the “Company”) (TSX:TOG) is pleased to confirm that a dividend of $0.045 per common share will be paid on July 15, 2015 to common shareholders of record on June 30, 2015. The ex-dividend date is June 26, 2015, with payment to be
Escalera expands its core assets with purchase from Warren Resources Escalera Resources (ticker: ESCR) added to its core assets with the $47 million purchase of producing wells and leasehold interests from Warren Resources (ticker: WRES) in the Atlantic Rim Area of Wyoming. The assets are complementary to ESCR’s current holdings, according to a company press release. The assets include Warren’s
A new National Association of Manufacturers study shows EPA regulations could be the costliest ever The Environmental Protection Agency (EPA) proposed changes to the National Ambient Air Quality Standards (NAAQS) that would further reduce the amount of nitrogen oxides in the air throughout the U.S. According to the EPA, the estimated benefits of meeting the costs could be as much
Three bills to kick things off The New Democratic Party’s (NDP) Rachel Notley is planning to put three bills before the legislature during its short spring session, set to last just two weeks. The first bill will change laws around political donations from corporations and unions, the second will raise the corporate tax from 10% to 12%, and Notley’s third
CNX Coal Resources LP, a Delaware limited partnership (“CNX Coal Resources”) formed by CONSOL Energy Inc. (NYSE: CNX) (“CONSOL”), announced today that it has launched its initial public offering of 10,000,000 common units representing limited partner interests. The common units are expected to trade on the New York Stock Exchange under the ticker symbol “CNXC.” The underwriters of the offering
Warren Resources Release $47MM sale of non-core Wyoming CBM assets Continued focus on de-levering and creating liquidity NEW YORK, June 16, 2015 (GLOBE NEWSWIRE) — Warren Resources, Inc. (WRES) today announced the execution of agreements to divest its Atlantic Rim CBM assets to Escalera Resources, Co. (ESCR). Under the terms of the transaction agreements, Warren will sell all of its
Story by Reuters U.S. regulators have given the green light for Royal Dutch Shell’s (RDSa.L) proposed $70 billion acquisition of British rival BG Group (BG.L), the first clearance for the biggest deal in the energy sector in over a decade. The two companies said on Tuesday the United States Federal Trade Commission (FTC) had cleared the deal. The deal, which
Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN) TOTAL COMPANY PRODUCTION Samson’s net monthly production, for the last six months, is as follows; December January February March April May OIL, BO 18,906 15,221 22,590 26,893 29,821 31,385 GAS, MCF 12,102 15,384 21,694 26,555 19,064 18,309 BOE 20,923 17,785 26,206 31,408 32,998 34,437 BOEPD 675 574 845 1,013 1,064
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