Pioneer Natural Resources Acquires Midland Basin Acreage with $827 Million Secondary Offering Devon Energy Corp. has been piling up the assets sales so far in 2016, announcing on June 15, 2016, the most recent divestiture of assets in the Midland Basin for a cumulative $858 million. This is comprised of two separate transactions, both in the Midland Basin. In the
WTI and Brent crude oil prices down 4.1% and 3.9%, respectively, today Oil prices continued to fall for a sixth consecutive day, today, while concerns over the possible exit of U.K. from the European Union pulled markets down. Concerns over the future of the E.U. and its currency, along with more bullish statements from the U.S. Federal reserve, strengthened the
RFS Specifies Increasing Amounts of Renewable Fuels to be Added to Nation’s Gasoline and Diesel Supply – Committee Seeks Update on Implementation The Subcommittee on Energy and Power, chaired by Rep. Ed Whitfield (R-KY), has scheduled a hearing for Wednesday, June 22, 2016, at 10:00 a.m. in room 2123 of the Rayburn House Office Building. The hearing is entitled, “The
CALGARY, June 16, 2016 /PRNewswire/ – Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) is pleased to announce the acquisition of highly complementary producing assets in its west central Alberta core Ferrier area, and provide an update on its ongoing credit facility redetermination process. Asset Acquisition from Grafton Energy Co. I Ltd. Bellatrix has entered into an agreement with
DENVER, June 16, 2016 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced that it has entered into definitive agreements (collectively, the “Agreements”) with Noble Energy, Inc. and certain affiliates (“Noble”) (NYSE:NBL) to consolidate certain acreage positions in the Core Wattenberg field located in Weld County, Colorado. The Company anticipates closing this transaction early in the
From Power Magazine A Minnesota law that bans power imports from new out-of-state coal-fired power plants is unconstitutional, a federal appeals court has deemed. The U.S. Court of Appeals for the Eighth Circuit on June 15 upheld a decision by the U.S. District Court for the District of Minnesota that found that the statute’s prohibitions had the effect of “controlling
CALGARY, AB–(Marketwired – June 15, 2016) – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to provide an operations and financial update. EP UPDATE During the third quarter, Tourmaline plans to run five to six rigs in the Alberta Deep Basin, two to three rigs for the Peace River Charlie Lake oil play and one rig in
Fog Computing to Replace Cloud Computing for Industries with Remote IoT Devices From Smart Grid News The 26 billion or more devices predicted to join the IoT by 2020 have a problem: The data transmission between them may be too much for cloud computing to handle. As both the grid and consumers continually employ IoT devices to pursue energy savings, that problem
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