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360 Articles

Alaska, Russia Race toward LNG Exports

Alaska, Russia Race toward LNG Exports

Alaska Gasline Development Corporation (AGDC) and affiliates of ExxonMobil (ticker: XOM), TransCanada (ticker: TRP), BP (ticker: BP) and ConocoPhillips (ticker: COP) filed a FERC pre-filing request, effectively launching the early design phases of their Alaska LNG Project, an estimated $65 billion, 20 MM metric ton LNG facility, to be built in the Nikiski area on the Kenai Peninsula. Concurrently, Russia’s[Read More…]

September 10, 2014 - 4:16 pm 360 Articles, Arctic, Midstream, Oilfield Services
Next Tuesday: Alaska’s Voters Decide How Much Tax O&G Companies Must Pay the State

Next Tuesday: Alaska’s Voters Decide How Much Tax O&G Companies Must Pay the State

If 35% Flat Tax Is Repealed, Higher Production Taxes Could Again Slow Oil and Gas Development On August 19, Alaskan citizens will vote on a ballot that determines the taxing fate of the oil and gas production companies working in the state. The vote will happen at the same time as the primary elections. Last year, the Alaskan Senate passed[Read More…]

August 14, 2014 - 6:08 pm 360 Articles, Arctic, Midstream, Oilfield Services
Russia’s Sanctions: Who will Blink First?

Russia’s Sanctions: Who will Blink First?

Gennady Timchenko, Russian billionaire and holder of 23% of the stake in Rosneft and Novatek, and Igor Sechin, chief executive of the Kremlin-controlled oil group Rosneft, seem confident that their companies will survive and prosper despite financing sanctions imposed by the United States in July. According to the Financial Times, “Novatek, Russia’s largest independent gas producer, is sitting pretty. It[Read More…]

August 12, 2014 - 5:35 pm 360 Articles, Arctic, Finance, Midstream, Oilfield Services, Politics

Miller Energy’s New Wells and North Fork Acquisition Ramps Up Alaska Production

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s Appalachian Basin. Miller Energy reported company revenue and production records in its Q2’14 earnings release on December 10, 2013. Year-over-year[Read More…]

December 13, 2013 - 2:37 pm 360 Articles, Arctic, Mergers & Acquisitions, Midstream
Miller Energy Acquires Alaskan Unit; In Discussions to Construct Pipeline

Miller Energy Acquires Alaskan Unit; In Discussions to Construct Pipeline

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s Appalachian Basin. Miller Adds 7 MMcf/d from Acquisition Cook Inlet Energy LLC (CIE), a subsidiary of Miller Energy Resources, announced[Read More…]

November 25, 2013 - 4:12 pm 360 Articles, Arctic, Fracing, Mergers & Acquisitions, Midstream

Pioneer Natural Resources Sells Alaska Subsidiary for $550 Million, Shifts Focus to Core Wolfcamp Assets

Pioneer Natural Resources Company (ticker: PXD) is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. Pioneer is one of the most active drillers in Texas’ Spraberry/Wolfcamp oil field in the Permian Basin and the Eagle Ford Shale play in South Texas. Its natural gas operations focus on the[Read More…]

October 25, 2013 - 4:44 pm 360 Articles, Arctic, Mergers & Acquisitions, OPEC

Miller Energy Increases Loan Facility with Apollo Investment; Announces Alaskan Drilling Operations are “On Schedule”

Miller Energy Resources, Inc. (ticker MILL) is an oil and natural gas exploration, production and drilling company operating in the Cook Inlet, Alaska and in the heart of Tennessee’s Appalachian Basin including the Mississippian Lime and Chattanooga Shale. Miller is headquartered in Knoxville, Tennessee with offices in Anchorage, Alaska and Huntsville, Tennessee. Amending Loan Agreement Miller Energy amended its loan[Read More…]

August 6, 2013 - 3:01 pm 360 Articles, Arctic