Energy News

EQT Midstream Partners Announces Pricing of Public Offering of Common Units

PITTSBURGH–(BUSINESS WIRE)–EQT Midstream Partners, LP (NYSE: EQM), an EQT Corporation company, announced today that it has priced an underwritten public offering of 5,650,000 common units representing limited partner interests. Total gross proceeds of the offering (before underwriters discounts …

November 10, 2015 - 11:20 am Closing Bell Story‎, Energy News

Keystone’s Dead. Here’s What’s Next on the Enviros’ Hit List

From Bloomberg:

Barack Obama belittled the Keystone XL pipeline debate even as he brought it to a close. The project, which would have delivered heavy, oil-sands crude from Western Canada to the Gulf Coast, “has occupied what I, frankly, …

November 9, 2015 - 3:46 pm Closing Bell Story‎, Energy News

Marathon Oil Signs Agreement for Divestiture of Gulf of Mexico Assets for $205 Million

HOUSTON, Nov. 09, 2015 (GLOBE NEWSWIRE) —

Marathon Oil Corporation (MRO) announced today that the Company has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests …

November 9, 2015 - 11:37 am Closing Bell Story‎, Energy News

Chevron’s Thai Refining Unit Plans IPO Valued at $434 Million

From Bloomberg

Star Petroleum Refining Pcl, a Thai refining unit of Chevron Corp., plans an initial public offering of as much as 15.6 billion baht ($434 million) to repay some loans and fulfill its obligation to the government for …

November 9, 2015 - 11:35 am Closing Bell Story‎, Energy News
Energy XXI Reports Fiscal 2016 First quarter Results and Operations Update

Energy XXI Reports Fiscal 2016 First quarter Results and Operations Update

HOUSTON, Nov. 09, 2015 (GLOBE NEWSWIRE) — Energy XXI (EXXI) today announced financial and operating results for the three months ended September 30, 2015 (fiscal 2016 first quarter), and provided an operations update. Highlights include:

Energy XXI yahoo
  • Production continues to
November 9, 2015 - 11:34 am Closing Bell Story‎, Energy News

Energy Transfer Announces Executive Appointments

DALLAS–(BUSINESS WIRE)–Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP) announced that effective today, Marshall (Mackie) S. McCrea, formerly President and Chief Operating Officer of ETP, has been promoted to Group Chief Operating Officer …

November 9, 2015 - 11:30 am Closing Bell Story‎, Energy News

Growing Cotton in Texas with Recycled Produced Water

HOUSTON, Nov. 9, 2015 /PRNewswire/ — Energy Water Solutions (“EWS”) today announces the culmination of a six-month project to irrigate a cotton crop in Pecos, Texas, using recycled produced water from nearby oil and natural gas activity in …

November 9, 2015 - 11:28 am Closing Bell Story‎, Energy News

Hercules Offshore, Inc. Emerges from Bankruptcy

Hercules Offshore, Inc. (Nasdaq: HERO) (the “Company” or “Hercules”) announced today that it has completed its financial restructuring and emerged from Chapter 11, and funding of the Company’s new $450 million senior secured credit facility has been completed.

“Today marks …

November 6, 2015 - 6:36 pm Closing Bell Story‎, Energy News

Zoellick: Obama’s Middle East Escapism

Commentary by Richard Zoellick, Special to The Wall Street Journal

Secretary of State John Kerry’s new diplomatic process for dealing with Syria’s harrowing civil war involves convening a series of talks in Vienna. The effort is probably well-intentioned. But …

November 6, 2015 - 6:19 pm Closing Bell Story‎, Energy News

Keystone rejection expected to spur more crude-by-rail shipping into the U.S.

Story by The Calgary Herald

Rejection of the Keystone XL pipeline will complicate and add cost to getting western Canadian oil to U.S. markets but it isn’t expect to actually prevent any shipments reaching south of the border, observers say.

November 6, 2015 - 6:02 pm Closing Bell Story‎, Energy News

America has built the equivalent of 10 Keystone pipelines since 2010 — and nobody said anything

Story by the Financial Post

While TransCanada Corp. has been cooling its heels on its Keystone XL proposal for the past six years, the oil pipeline business has been booming in the United States.

Crude oil pipeline mileage rose 9.1 …

November 6, 2015 - 5:58 pm Closing Bell Story‎, Energy News

Former Tesla workers launch mysterious Gardena start-up with ties to Chinese multibillionaire

From The Los Angeles Times

In an industrial corner of Gardena, near a credit union and pet cemetery, a small white sign in front of a metal building reads “Faraday Future,” with a number to call for deliveries.

It’s the

November 6, 2015 - 3:38 pm Closing Bell Story‎, Energy News

Halliburton to Issue $7.5 Billion of Senior Notes

Halliburton (HAL) announced today the pricing of an offering of $7.5 billion aggregate principal amount of senior notes. The notes are being issued in five tranches: $1.25 billion of 5-year notes bearing interest at a fixed rate of …

November 6, 2015 - 12:02 pm Closing Bell Story‎, Energy News

Blackbird Energy Inc. Announces Grant of Incentive Stock Options

Blackbird Energy Inc. (TSX VENTURE:BBI)(“Blackbird” or the “Company“) announces that it has granted an aggregate of 6,750,000 incentive stock options to certain of its directors and officers pursuant to the terms of the Company’s stock …

November 6, 2015 - 11:57 am Closing Bell Story‎, Energy News

Warren Resources CFO Resigns

Warren Resources, Inc. (WRES) announced today the appointment of Brian Gelman as Interim Chief Financial Officer, effective immediately.

Stewart P. Skelly, the current Vice President and Chief Financial Officer, has resigned, effective immediately, in order to pursue other …

November 6, 2015 - 11:52 am Closing Bell Story‎, Energy News

TransCanada Agrees to Sell a 49.9% Interest in PNGTS to TC PipeLines, LP for $223 Million

TransCanada Corporation (TRP) (TRP) (TransCanada) today announced it has entered into an agreement to sell a 49.9 percent interest in Portland Natural Gas Limited Partnership (PNGTS) to its master limited partnership, TC PipeLines, LP (TCP

November 6, 2015 - 11:04 am Closing Bell Story‎, Energy News

Samson Oil & Gas Limited Announces Appointment of New Board Member

The Directors of Samson Oil & Gas Limited (“the Company”) (ASX:SSN) (NYSE MKT: SSN) wish to announce the appointment of Mr. Neil Fearis as a Non-Executive Director of the Company.

Mr. Fearis is a leading corporate and commercial lawyer in …

November 5, 2015 - 6:04 pm Energy News

PDC Energy Reports 2015 Third Quarter Financial and Operating Results and Production Increase of 84% to 4.3 Million Barrels of Oil Equivalent

DENVER, November 5, 2015 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC”, the “Company,” “we” or “us”) (NASDAQ:PDCE) today reported its 2015 third quarter financial and operating results.

2015 Third Quarter Highlights

  • Net cash from operating activities increased 94% to $136.5
November 5, 2015 - 6:03 pm Energy News

Energen’s First Middle Spraberry Wells Generate Solid Early Rates

10,000’ Lateral Wells in Glasscock County Generate Excellent Results in Wolfcamp A, B and C

3Q15 Production Tops 64,000 BOEPD

Highlights

  • Results of three 10,000’ laterals in Glasscock County underscore capital efficiency of longer lateral length wells.
  • Two Middle Spraberry
November 5, 2015 - 6:00 pm Energy News

Magnum Hunter Resources Announces Refinancing of Revolving Credit Facility

IRVING, TX–(Marketwired – Nov 5, 2015) – 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 refinanced its existing senior secured revolving credit facility …

November 5, 2015 - 5:53 pm Energy News

The Making of a Buyer’s Market in Liquefied Natural Gas

From Bloomberg

Next year, on a remote island off Australia’s western coast, the world’s most expensive liquefied natural gas export terminal will start shipping cargoes into a market that has changed vastly since 2009, when the project was approved. Chevron’s …

November 5, 2015 - 5:49 pm Energy News
Crescent Point Announces Q3 2015 Results

Crescent Point Announces Q3 2015 Results

CALGARY, ALBERTA–(Marketwired – Nov. 5, 2015) – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG)(NYSE:CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2015. The Company also announces that its unaudited …

November 5, 2015 - 4:22 pm Canada, Energy News
Enbridge Acquires 24.9% Interest in UK Offshore Wind Project

Enbridge Acquires 24.9% Interest in UK Offshore Wind Project

CALGARY, ALBERTA–(Marketwired – Nov. 5, 2015) – Enbridge Inc. (TSX:ENB)(NYSE:ENB) (the “Company”) today announced the acquisition of a 24.9 percent interest in the 400 megawatt (MW) Rampion Offshore Wind Project (the “project”) in the UK. The Company’s total investment in …

November 5, 2015 - 4:19 pm Canada, Energy News
Corridor Provides an Operations Update and Announces Additional Forward Sale

Corridor Provides an Operations Update and Announces Additional Forward Sale

HALIFAX, NOVA SCOTIA–(Marketwired – Nov. 5, 2015) – Corridor Resources Inc. (“Corridor”) (TSX:CDH) is pleased to provide an operations update and announce that it has entered into an additional forward sale agreement.

On May 1, 2015, Corridor shut-in most of …

November 5, 2015 - 4:04 pm Canada, Energy News
Enbridge Reports Third Quarter Financial Results

Enbridge Reports Third Quarter Financial Results

HIGHLIGHTS

(all financial figures are unaudited and in Canadian dollars unless otherwise noted)

  • Third quarter loss was $609 million and nine months loss was $415 million, both including the impact of a number of unusual, non-recurring or non-operating factors
  • Third
November 5, 2015 - 3:56 pm Canada, Energy News

Nighthawk Energy plc (“Nighthawk” or “the Company”) Borrowing Base Redetermination and Production Hedging Update

LONDON, Nov. 5, 2015 /PRNewswire/ — Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces the Company’s borrowing base redetermination.

Reserves Based Loan

On November 2, 2015, the Company closed the quarterly …

November 5, 2015 - 2:22 pm Energy News

Rice Midstream Partners Announces Acquisition of Water Services Business from Rice Energy, Pricing of Private Placement of Common Units and Updated Guidance

CANONSBURG, Pa., Nov. 5, 2015 /PRNewswire/ — Rice Midstream Partners LP (NYSE: RMP) (“RMP” or the “Partnership”) today announced that it has acquired the water services business of Rice Energy Inc.’s (NYSE: RICE) (“Rice“) wholly-owned …

November 5, 2015 - 2:19 pm Energy News
Steaks on a Plane: Following United Airlines Meals from the Kitchen to the Clouds

Steaks on a Plane: Following United Airlines Meals from the Kitchen to the Clouds

From The Chicago Tribune

About an hour before United Airlines Flight 40 departed for Rome, two trucks sidled up to the aircraft parked at Newark Liberty International Airport in New Jersey. The vehicles’ cargo compartments extended to the open cabin

November 5, 2015 - 10:24 am Energy News

U.S. Denies TransCanada Request to Pause Keystone Review

From Reuters

WASHINGTON, Nov 4 (Reuters) – The United States formally denied a request on Wednesday to pause the review of the proposed Keystone XL oil pipeline, a decision expected to lead to the project’s rejection by the Obama administration.…

November 4, 2015 - 7:02 pm Energy News

SandRidge Energy, Inc. Acquires North Park Basin Niobrara Shale Oil Assets for $190 Million in Cash

Adds 136,000 Largely Contiguous Net Acres and Multiyear Niobrara Shale Drilling Inventory in North Park Basin, Colorado

Diversifies Into Proven High Quality Repeatable Oil Asset Matching SandRidge’s Operating Strengths

High Quality Stacked Pay Resource Play with Over 1,300 Gross Locations …

November 4, 2015 - 6:59 pm Energy News