Sunday, November 24, 2024
Illinois Frac Ban

Saudi Arabian Rig Counts Up

Rig counts spike in Saudi Arabia, continue to fall in the U.S. The most recent report from Baker Hughes (ticker: BHI) shows the fifteenth straight week of declining rig counts in the United States, but rig counts in Saudi Arabia spiked in 2014. Industry sources say that this is due to OPEC’s largest producer looking to maintain its spare capacity

Plains All American Announces JV with Delek Logistics

Plains All American Pipeline Enters Joint Venture with Delek Logistics to Build Caddo Pipeline HOUSTON–(BUSINESS WIRE)– Plains All American Pipeline, L.P. (NYSE:PAA) today announced the formation of Caddo Pipeline LLC, a 50/50 joint venture with Delek Logistics Partners, LP (DKL) to develop the Caddo Pipeline, an 80-mile, 12-inch pipeline between Longview, Texas, and Shreveport, La. The Caddo Pipeline will originate

Rice Energy Inc. Announces Launch of $400 Million Placement of Senior Notes

Rice Energy Inc. (RICE) (“Rice Energy”) today announced that, subject to market conditions, it intends to offer $400 million in aggregate principal amount of senior notes due 2023 in a private placement to eligible purchasers. Rice Energy intends to use the net proceeds of the offering for general corporate purposes, including capital expenditures. The securities to be offered have not

PDC Energy Closes Common Stock Offering

PDC Energy, Inc. (“PDC” or the “Company”) (PDCE) today announced that it has closed its previously announced underwritten public offering of 4,002,000 shares. The net proceeds from the offering were approximately $203 million after deducting underwriters’ compensation (but before estimated expenses). Goldman, Sachs & Co. and J.P. Morgan Securities LLC acted as the sole underwriters of the offering. The offering

Callon Petroleum Announces Agreement with Lone Star Value and Appointment of New Independent Director

 Callon Petroleum Company (CPE) (“Callon” or the “Company”) today announced that it has entered into an agreement with Lone Star Value Management, LLC (“Lone Star Value”), pursuant to which Callon has agreed to expand the size of the Company’s Board of Directors (the “Board”) from seven to eight directors and to designate one new independent director – Michael L. Finch

Pentagon Cuts Military Fuel Price by 12%

Story by The Wall Street Journal The Pentagon has cut the price it charges the U.S. Air Force and other military branches for refined fuel by 12% in a rare midyear change following the swoon in global oil prices. The Pentagon’s Defense Logistics Agency typically buys fuel at prevailing market prices throughout the year from vendors including BP PLC, Royal