Analysts still expecting good things from MLPs Following the National Association of Publicly Traded Partnerships (NAPTP) conference in Orlando, Florida, last week, industry analysts are signaling cautious optimism over the future of the MLP market. Although the road ahead looks less than rosy, with Goldman Sachs predicting oil prices could fall back to their $40 lows, a stronger than expected
The Energy Department announced today that it has issued a conditional authorization for the Alaska LNG Project, LLC (Alaska LNG) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States. Subject to environmental review and final regulatory approval, Alaska LNG, in the Nikiski Area of the Kenai
Exploration drilling success rate of 78% on its 3-D projects Yuma Energy (ticker: YUMA) is one of the companies leading the technological approach on the exploration front of the oil and gas industry. Since its predecessor was founded in 1983, the company has amassed more than 75,000 net leasehold acres in three different states and has partnered with some of
The EIA’s Electricity Monthly Update shows increased use of natural gas across the U.S. Electricity generation from coal decreased in all regions of the country in March compared to the previous year, while electricity generation from natural gas increased in all regions of the country over the same period, according to the Energy Information Administration’s (EIA) Electricity Monthly Update. The
Story by the Chicago Tribune Don’t make anyone angry today if you use an iPhone: They might send you a text that crashes your phone, in care of a newly discovered iPhone bug. The culprit is a short string of characters widely circulating Wednesday on social media and blogs. The vulnerability, discussed on Reddit and elsewhere, crashes Messages — the
Transocean Ltd. (RIG) (RIGN.VX) today announced that, as mutually agreed with the company, Esa Ikaheimonen is stepping down as Executive Vice President and Chief Financial Officer effective immediately. Mr. Ikaheimonen has also resigned his company-appointed position as the Chairman of the Board of Directors of Transocean Partners LLC, a subsidiary of Transocean. Additionally, the company announced that Mr. Mark Mey
MarkWest Energy Partners, L.P. (MWE) (the “Partnership”) and its subsidiary MarkWest Energy Finance Corporation (together with the Partnership, the “Issuers”) announced today that, subject to market conditions, they intend to commence a public offering (the “offering”) of $1,200,000,000 in aggregate principal amount of senior unsecured notes due 2025 (the “2025 Notes”). The Partnership intends to use the net proceeds from
PEDEVCO Corp. d/b/a Pacific Energy Development(NYSE MKT: PED) (the “Company”), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., confirmed today that it is in talks with a couple of parties to sell its interest in a rare earth minerals joint venture in China. The Company’s Chairman and Chief Executive Officer, Mr.
Synergy Resources Corporation (NYSE MKT: SYRG) (“Synergy”), a U.S. oil and gas exploration and production company focused in the Denver-Julesburg Basin, announced that Mr. Lynn Peterson has joined the executive team at Synergy as President of the company. Mr. Peterson will work closely with co-CEOs Ed Holloway and William Scaff as Synergy evaluates asset acquisitions and growth opportunities in the
SandRidge Energy, Inc. (the “Company”) (SD) announced today the commencement of a private offering of $1 billion in aggregate principal amount of senior secured notes due 2020 (the “Notes”). The Notes will be secured on a second lien priority basis and guaranteed by each of the Company’s restricted subsidiaries that will guarantee the Company’s revised revolving credit facility. The issuance
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