On a month-over-month comparison, few changes stood out in the Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO) for July 2015. Oil price projections are relatively consistent, and 2015 production was even revised upward by 0.1 MMBOPD. The declines in natural gas production, however, is projected to come to an end in June and will return to a growth
Pacific NorthWest LNG will be exempt from tax hikes for 25 years British Columbian Finance Minister Mike de Jong released the details of the province’s deal with Petronas-led Pacific NorthWest LNG (PNW LNG) in order to attract a Final Investment Decision (FID) on the company’s liquefied natural gas (LNG) project. B.C. will compensate PNW LNG for any raises on the
Stone Energy Corporation (SGY) today provided a drilling and production update. In the Gulf of Mexico deepwater, operations at the Cardona #6 development well, located in Mississippi Canyon block 29, have been proceeding ahead of schedule and below budget, and drilling has been completed through the targeted zones. The well encountered approximately 288 feet of net pay in two intervals,
Genesis Energy, L.P. Increases Quarterly Distribution Genesis Energy, L.P. (GEL) announced today that it will pay a regular quarterly distribution of $0.625 per Common Unit for the quarter ended June 30, 2015. The distribution will be paid on August 14, 2015, to Common Unitholders of record at the close of business on July 31, 2015. This distribution represents an increase
Enterprise Declares Distribution; 44th Consecutive Quarterly Distribution Increase Enterprise Products Partners L.P. (EPD) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.38 per common unit, or $1.52 per unit on an annualized basis. The quarterly distribution will be paid on Friday, August 7, 2015, to
Plains All American Pipeline, L.P. and Plains GP Holdings Increase Distributions Plains All American Pipeline, L.P. (NYSE: PAA) andPlains GP Holdings (NYSE: PAGP) today announced their quarterly cash distributions with respect to the second quarter of 2015. The distributions will be payable on August 14, 2015 to holders of record of each security at the close of business on July
Story by Yahoo! Finance There’s been a lot of anticipatory excitement over eBay’s (EBAY) plan to spin off its faster-growing payments unit, PayPal. This week, the markets got to quantify the hype, as shares of PayPal began trading separately on a when-issued basis under the ticker symbol PYPLV. The spin-off, in which eBay shareholders will get one share of PayPal
Offshore production in Perla Field expected to reach 1,200 MMcf/d Italy’s Eni (ticker: E) announced that it has started production on the first phase of its offshore operations in the Perla gas field, approximately 50 kilometers (about 31 miles) offshore in the Gulf of Venezuela. The field is the largest offshore field in Latin American and the first to be
The Board of Supervisory Directors of Core Laboratories N.V. (NYSE: “CLB US”) (Euronext Amsterdam Exchange: “CLB NA”) has announced a cash dividend of $0.55 per share of common stock payable in the third quarter of 2015. On an annualized basis, this quarterly dividend would equal a total payout of $2.20 per share of common stock, if maintained for the entire year.
Yuma Energy, Inc. (NYSE MKT: YUMA) (NYSE MKT: YUMA-PA) (the “Company”) today announced the successful completion of its Talbot 23-1 well and provided an operational update on its properties. Amazon 3-D Project, Talbot 23-1 – Jefferson Davis Parish, Louisiana. On June 23, 2015, the Talbot 23-1 well (45% working interest) tested at an initial gross production (“IP”) rate of approximately
Mountaintop removal makes up most of West Virginia’s surface production Coal production from the use of mountaintop removal (MTR) has declined by 62% since 2008, according to information from the Energy Information Administration (EIA). Total U.S. coal production was down just 15% from 2008 to 2014, while coal mined through surface production methods, which includes MTR, was down 21% in
Oyo field production exceeds 14,000 boe/d Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) provides an update on Oyo field production and updates its offshore operations in The Gambia. Nigeria Erin Energy’s current average production from the Oyo field is in excess of 14,200 barrels of oil equivalent per day (“boe/d”) and is 94% oil. The Company is
