Great Western purchased 6,000 acres in the Wattenberg Field Great Western Petroleum, a subsidiary of Great Western Oil & Gas Company, an affiliate of The Broe Group, purchased approximately 6,000 acres and eight producing wells in the Wattenberg Field, according to a press release today. This purchase marks the second acquisition the company has made in the DJ Basin so
Pengrowth Reports Lindbergh Production That Exceeds Facility Nameplate Capacity of 12,500 bbl/d and Confirms CDN $0.02 Cash Dividend Payable July 15, 2015 Pengrowth (PGF.TO) (PGH) is pleased to report that production from the Lindbergh thermal project now exceeds the project’s nameplate capacity of 12,500 barrels per day (bbl/d). With all three well pads now on SAGD (steam assisted gravity drainage)
Bonterra Energy Corp. Announces $38.4 Million Private Placement to Existing Shareholders Bonterra Energy Corp. (www.bonterraenergy.com) (BNE.TO) (the “Corporation” or “Bonterra“) is pleased to announce that it intends to complete a non-brokered private placement of up to 1,200,000 common shares of the Corporation (“Common Shares“) at a price of $32.00 per Common Share for aggregate gross proceeds of up to $38.4
The Revolution Project will give ETP an additional 440 million cubic feet per day of capacity Earlier today, Energy Transfer Partners (ticker: ETP) released additional information on its Revolution project, which will increase the company’s operations in the Marcellus and Upper Devonian areas of Western Pennsylvania. The company expects the overall cost of the project to be approximately $1.5 billion,
Story by Times Leader (Ohio) Coal miners in the region are rallying against plans to use natural gas to generate electricity, as they fear the more than 2,000 coal jobs lost late last month — 754 of which came from the local area — could be just the beginning if such projects become common. Members of Congress also are getting
Quantum Energy Partners (“Quantum”) is pleased to announce the formation of Intensity Midstream LLC (“Intensity”) with founders Joseph L. Griffin (“Griffin”) and Derek G. Gipson (“Gipson”, and together with Griffin, the “Founders”). Supported by initial equity commitments in excess of $300 million from Quantum and the Founders, Intensity will pursue the acquisition, development, and operation of high quality midstream assets
Noble Energy and Delek Group announce the commercial viability of their Cyprus project Israel’s Delek Group (ticker: DLEKG) and Texas based Noble Energy (ticker: NBL) announced the commercial viability of their natural gas project offshore Cyprus, according to a release from Delek. The joint venture’s plan calls for 8 billion cubic meters (Bcm) of natural gas production per year and
Cushing storage goes above 71,409,000 barrels of oil The Energy Information Administration (EIA) released its biannual Working and Net Available Shell Storage Capacity Report, providing a picture of refinery and storage utilization throughout the United States. The report covers utilization in every Petroleum Administration Defense District (PADD) across the U.S., but the Midwest (PADD2), which includes the storage facilities at
Crash Course in how to successfully manage 29,000 public employees and a $3.3 billion annual budget Part Two of the OAG360® exclusive interview with University of Colorado President Bruce Benson OAG360: At the University of Colorado you’re managing 29,000 employees, 68,000 students and you have a budget of about $3.3 billion a year. What experience have you drawn on to
Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) today announced that it has engaged Petrie Partners, LLC to market for sale its Hilight Field property in the Powder River Basin. The marketing of Hilight Field is consistent with previous announcements made by the Company that it would pursue additional non-core asset sales to reduce leverage and enhance liquidity. An updated investor
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