North Dakota has been the poster child of the United States shale boom, boasting skyrocketing production, high economic growth rates and miniscule unemployment numbers. The discovery and exploitation of the Williston Basin has increased crude output in the state by more than six times from 2008 to 2014, ending the most recent year with average volumes of 1,087 MBOPD. North
E&P MLP giant LINN’s signs letter of intent with Quantum Energy Partners LINN Energy (ticker: LINE) announced the signing of a non-binding letter of intent with private capital investor Quantum Energy Partners, the founding investor in LINN, to fund selected future oil and natural gas acquisitions and development on those acquired assets. Quantum has agreed to initially commit up to
Turkey’s decision could cut off Black Sea countries like Ukraine from LNG tankers Turkey announced that it will not allow the passage of tankers with liquefied natural gas (LNG) across the Bosporus Strait for fuel supplies to Ukraine, Turkish Ambassador to Kiev Yonet Can Tezel said in an interview Friday. The Bosporus Strait is the only waterway connecting the Black
Lukoil confirms plans to increase oil production in the West Qurna-2 oil field in Iraq Lukoil (ticker: LKOH) President Vagit Alekperov visited Iraq to discuss further development in the West Qurna-2 field. Iraqi Prime Minister Haider al-Abadi and Minister of Oil Adel Abdul Mahdi both expressed appreciation in the continued work by the company in their country, according to a
Story by Reuters Pipeline company NuStar Energy LP is building storage at its South Texas operations to enable exports of oil producers’ lightly processed condensate out of the port of Corpus Christi, a company executive said. “We’re building the storage so we can keep the condensate segregated” from other Texas crude oil that cannot be exported under U.S. law, Danny
EnLink Midstream Announces Secondary Offering of Common Units by a Subsidiary of Devon Energy DALLAS–(BUSINESS WIRE)– EnLink Midstream Partners, LP (ENLK) (the “Partnership”) today announced the commencement of an underwritten public offering of 22,800,000 common units representing limited partner interests in the Partnership owned by a subsidiary of Devon Energy Corporation (“Devon”). Devon will also grant the underwriters a 30-day
Touchstone Announces Total Proved Plus Probable Reserves of 17.8 Million Boe CALGARY, ALBERTA, Mar 24, 2015 (Marketwired via COMTEX) — Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TXP) announces the results of the independent December 31, 2014 reserve evaluation (the “Reserves Report”) with respect to the Company’s crude oil and natural gas reserves in Canada and the Republic of Trinidad
PennEast Pipeline Could Save Consumers Nearly $1 Billion Annually in Energy Costs for Eastern Pennsylvania and New Jersey WYOMISSING, Pa., March 24, 2015 (GLOBE NEWSWIRE) — Families and businesses in eastern Pennsylvania and New Jersey would have saved more than $890 million in energy costs had the proposed PennEast Pipeline been in place during the 2013-2014 winter, according to a
The French oil major is looking for up $15 billion in Chinese financing to develop projects in Russia Many companies are trying to steer clear of extra risk in Russia as the West continues to add new sanctions against the country since it annexed Crimea early last year. Oil majors like Chevron (ticker: CVX) and ExxonMobil (ticker: XOM) have pulled
Calumet Specialty Products Partners, L.P. Announces $325 Million Private Placement of Senior Notes due 2023 INDIANAPOLIS, March 24, 2015 /PRNewswire/ — Calumet Specialty Products Partners, L.P. (CLMT) (“Calumet”) and its wholly owned subsidiary Calumet Finance Corp. announced today that, subject to market conditions, they intend to offer for sale to eligible purchasers in a private placement under Rule 144A and
Whiting Petroleum Corporation (WLL) today announced that it has priced $1.0 billion aggregate principal amount of 1.25% convertible senior notes due 2020 in a private unregistered offering. The initial purchasers have a 30-day option to purchase up to an additional $250.0 million aggregate principal amount of convertible senior notes. The convertible senior notes were priced at par. The offering is
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