2015 activity drives 30% increase in proved developed reserves EQT Corporation (EQT) today reported year-end 2015 proved developed reserves of 6.3 Tcfe, which was 30% higher than 2014; and total proved reserves of 10.0 Tcfe, a 0.7 Tcfe decrease from the previous year. In 2015, the increase in proved developed reserves was related to the completion of 245 wells and
From the Boston Business Journal Technology, online shopping and cybersecurity are issues at top of mind for Target CEO Brian Cornell, as he leads the $44 billion (market cap) retailer into 2016. Cornell spoke on Wednesday as part of Boston College’s Chief Executives Club luncheon series at the Boston Harbor Hotel. “We have to embrace digital,” he said at the luncheon. “No
Just 63 days after the close of a transformative purchase of MarkWest Energy Partners, Marathon Petroleum, the General Partner of MPLX LP (ticker: MPLX), is downwardly adjusting its dividend growth plan for the MLP – plans that it made public during the company’s Analyst Day presentation on December 3, 2015. MPLX, the limited partner of Marathon Oil Corporation (ticker: MPC),
From The Times of Israel Government representatives and opposition leaders clashed Wednesday during a hearing in the High Court over the legality of a controversial deal on Israel’s newly found gas fields in the Mediterranean. In an unprecedented move, the state requested Prime Minister Benjamin Netanyahu be allowed to personally present a defense of the agreement after the court ordered
From CBC News They say necessity is the mother of invention. Alberta is struggling to get its oil to market. It’s been a challenge to get a new export pipeline built. So why not try to squeeze more oil through existing pipelines. That is probably the most notable change suggested in the recent Alberta royalty review. It’s also the section left incomplete as
Crude oil inventories break above 500 MMBO U.S. crude oil inventories continued to grow this week, reaching a new record high of 502.7 MMBO, according to information from the Energy Information Administration. Crude inventories rose 7.8 MMBO in the last week, exceeding analysts’ expectations of an increase of just 4.8 MMBO, as imports jumped and refiners trimmed throughput. Crude imports
Master Limited Partnerships (MLPs) have become a popular financial structure for investors in the energy space. The MLP structure avoids a corporate tax, allowing the MLP to distribute more of its cash flow in dividends to unitholders compared to traditional C-corporations. MLPs tied to midstream infrastructure offer companies a vehicle to maximize the payout from long-life assets, which are generally
Comstock Resources, Inc. (“Comstock” or the “Company”) (CRK) announced today that it has completed a privately negotiated exchange with an existing holder of the Company`s 7.75% Senior Notes due 2019 (the “Notes”). The holder has agreed to exchange $40.0 million prinicipal amount of the Notes for approximately 4.6 million shares of the Company`s common stock plus accrued but unpaid interest
Tesoro Corporation (TSO) announced today that Kim K.W. Rucker will join Tesoro as Executive Vice President, General Counsel and Secretary, effective March 14, 2016. Charles S. Parrish, who has served as the Company`s General Counsel since March 2005 and as an Executive Vice President of the Company since April 2009, has announced his plans to retire. “I want to recognize
Matador Resources Company (MTDR) (“Matador” or the “Company”), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with an emphasis on oil and natural gas shale and other unconventional plays and with a current focus on its Delaware Basin operations in Southeast New Mexico and West Texas, today announced its 2015
Enerplus Corporation (“Enerplus” or the “Company”) (TSX & NYSE: ERF) has completed one of the divestments announced January 11, 2016 of certain Canadian natural gas properties for cash proceeds of approximately $183 million, before closing adjustments. Proceeds from this transaction were used to reduce the Company’s outstanding indebtedness providing additional financial flexibility. Production from the properties divested under this transaction
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update on 2015 production. Annual Production For the year ended 31 December 2015, gross production was approximately 654,800 barrels (536,900 net barrels) or 1,794 gross barrels per day. This compares to 706,319 barrels (net 579,182 barrels) or 1,935 gross barrels per day for the
