Remote location and complex geology remain obstacles The Chinese government announced yesterday that it will open six oil and gas blocks for private companies to explore in the Xinjiang region in northwest China. China’s Ministry of Land and Resources said that it hoped the move would “stir up market vigor.” However, obstacles still remain, according to Neil Beveridge, an analyst
Bonterra Energy Corp. Announces Closing of $31 Million Private Placement Bonterra Energy Corp. (www.bonterraenergy.com) (BNE.TO) (“Bonterra” or the “Corporation”) is pleased to announce that it has closed its private placement of common shares to existing holders at a price of $32.00 per share, successfully raising aggregate gross proceeds of approximately $31.0 million (the “Offering”), prior to deduction of costs and
Enterprise Completes Acquisition of Eagle Ford Midstream Assets Enterprise Products Partners L.P. (EPD) today announced it has closed on its purchase of the member interests in EFS Midstream LLC (“EFS Midstream”) from affiliates of Pioneer Natural Resources Company (“Pioneer”) and Reliance Holding USA Inc. (“Reliance”). The purchase price of $2.15 billion is being paid in two installments. The first installment
Williams’ Transco Seeks FERC Approval for Pipeline Expansion to Serve New York City by Winter 2017 Williams (WMB) announced today that Transco has filed an application with the Federal Energy Regulatory Commission for its New York Bay Expansion Project to deliver additional natural gas to New York City in time for the 2017/2018 heating season. Earlier this year, Williams’ Transco
Tested remaining wells on the four-well Renick pad in the Moraine East Area Placed into sales the two-well Harvey pad in the Legacy Butler Operated Area Commenced plans to drill and complete the first dry gas Utica well Western Lawrence STATE COLLEGE, Pa., July 08, 2015 (GLOBE NEWSWIRE) — Rex Energy Corporation (REXX) (“the company”) today provided an operational update
Enterprise Products Partners Press Release Enterprise Products Partners L.P. (EPD) today announced it has closed on its purchase of the member interests in EFS Midstream LLC (“EFS Midstream”) from affiliates of Pioneer Natural Resources Company (“Pioneer”) and Reliance Holding USA Inc. (“Reliance”). The purchase price of $2.15 billion is being paid in two installments. The first installment of $1.15 billion
Story by The Wall Street Journal Barclays PLC Chief Executive Antony Jenkins was ousted from the bank Wednesday after its board decided fresh blood is needed after three lackluster years with Mr. Jenkins at the helm. The revolt was led by the bank’s nonexecutive directors, who were growing impatient with the huge British bank’s progress under Mr. Jenkins, according to
Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the “Company” or “Magnum Hunter”) announced today that it has received and accepted a firm commitment (the “Commitment”) from Bank of Montreal, which is the administrative agent and lead lender under the Company’s senior secured revolving credit facility (the “Facility”), to (i) consent to certain
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
