As China looks for way to meet more of its natural gas demand domestically, it has looked to improving the economics of its own shale gas development. While China is one of four countries currently producing commercial volumes of shale gas, it has not been as economical as shale development in the U.S. Despite this, there have been more than
Gives thumbs up to Keystone and crude oil exports Former Hewlett Packard CEO Carly Fiorina is running for the 2016 Republican nomination. Fiorina talked about energy in an interview with The Fuse in June. Here is a summary of her energy policy thoughts: Crude oil export ban: I would lift the restriction on exporting oil. Keystone XL pipeline: I support the Keystone
HAMILTON, Bermuda, Sept. 30, 2015 /PRNewswire/ — C&J Energy Services Ltd. (CJES) (“C&J” or the “Company”) today announced that it has entered into a waiver and second amendment (the “Waiver and Second Amendment”) and a third amendment (the “Third Amendment and, together with the Waiver and Second Amendment, the “Amendments”) to the credit agreement governing its existing senior secured credit facilities
OVERLAND PARK, Kan., Sept. 29, 2015 (GLOBE NEWSWIRE) — Ferrellgas Partners, L.P. (NYSE:FGP) today announced record Adjusted EBITDA of $300.2 million for fiscal 2015, up 4% from the previous year of $288.1 million despite temperatures that were 8% warmer than the prior year. Distributable Cash Flow (DCF) to equity investors for the year was $189.6 million, producing DCF coverage of
Manitok Energy Talks 2015-16 Drill Plans, Hedging, Liquidity and 18-Month Outlook Manitok Energy (ticker: MEI) is a conventional operator focused on projects in Alberta, and the company has spent the last several years amassing a considerable land position with output now approaching 6,000 BOEPD. Its footprint now extends 449,000 gross acres (93% working interest), of which 430,000 gross acres (94%
CEO Bracken: “The Time has Come” for Acquisition Opportunities Lonestar Resources (ticker: LNREF), a Fort Worth-based exploration and production company with operations focused on the Bakken and Eagle Ford shales, expects to set company production records in Q3’15 based on wells that continue to exceed third party estimates. Q3’15 volumes are forecasted to average 6,500 BOEPD, marking respective increases of 12%
Energy XXI announces fiscal year-end results Houston-based Energy XXI (ticker: EXXI) announced its 2015 year-end fiscal results today. According to a press release from the company, production remained stable into fiscal first quarter at approximately 58 MBOEPD (71% oil weighted), while the company lowered per barrel costs through a 30% reduction in LOE and a 36% reduction in G&A. For
“Let the US Export Oil and Natural Gas” Former Florida Governor Jeb Bush released his official energy plan today, outlining four initiatives that his plan states will create one million manufacturing jobs. Lift Restrictions on Exports of Oil and Natural Gas: “Estimates from various studies indicate retail gasoline prices would drop by approximately 6 cents a gallon within 2 to
Shell has four ships on standby Shell Canada (ticker: RDSA) has four ships on standby in Halifax Harbor as company waits for approval to drill offshore Nova Scotia. The company expects to begin drilling two exploration wells in the Shelburne Basin within the next few months, pending approval from the Canada-Nova Scotia Offshore Petroleum Board, reports CBC. “What we are waiting
The three-way race for the seat of Prime Minister of Canada Elections for the head of Canada’s federal government are set to take place October 19, less than three weeks from now. The latest national poll shows the Conservatives at 31%, the Liberals at 30% and the New Democratic Party (NDP) at 29%. Based on those numbers, the Conservatives are
PRINCE RUPERT, BRITISH COLUMBIA–(Marketwired – Sept. 29, 2015) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that its Prince Rupert Gas Transmission project (PRGT) has signed a Project Agreement with the Metlakatla First Nation, a member of the Coast Tsimshian Nation. The Project Agreement – the eighth with First Nations along the pipeline route – outlines financial and other benefits
CALGARY, ALBERTA–(Marketwired – Sept. 29, 2015) – Terra Energy Corp. (“Terra” or the “Company”) (TSX:TT) is pleased to announce that the Company has closed the previously announced sale of certain of the Company’s non-core, P&NG assets in the Boundary Lake and Worsley areas of the Province of Alberta for $10.615 million. Net proceeds from the sale transaction will be used
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