Enerplus Continues Strong Operational Performance – Updates 2015 Production and Capital Spending Guidance Enerplus Corporation (“Enerplus”) (ERF) (ERF) is announcing an increase to its production guidance and capital spending in 2015. Year to date, we have been producing at the high end of our guidance range while maintaining cost discipline. Additionally, we have decided to accelerate the completion of eight
EV Energy Partners Announces Closing of Utica East Ohio Divestment for $575 Million EV Energy Partners, L.P. (EVEP) today announced it has closed the previously announced sale of its entire 21 percent interest in Utica East Ohio Midstream L.L.C., (UEO), to Utica Gas Services, L.L.C., a subsidiary of Williams Partners L.P. (WPZ), and M3 Ohio Gathering LLC, for total cash
Six Straight Weeks of Decline The Department of Energy reported a draw of (6,812) MBO from United States crude oil inventories for the week ended June 5, 2015, marking the largest draw of the year and the most since the week ended July 11, 2014. Inventories have now declined for six straight weeks, and amount of stored oil has dropped
The Clean Power Plan could dramatically alter coal production, particularly in the West The Clean Power Plan, passed on June 2, 2014, is aimed at lowering carbon emissions by 30% by 2030 from power plants, many of them coal-fired. While it only accounts for 37% of all energy in the U.S., coal is responsible for 75% of carbon emissions, making
Bill Barrett Corporation (the “Company”) (BBG) announced today that it is increasing its 2015 capital program to expand and accelerate its extended reach lateral (“XRL”) drilling program in the Northeast (“NE”) Wattenberg area of the Denver-Julesburg (“DJ”) Basin and is establishing an initial 2016 production growth range. The increased activity will include adding a second rig in the NE Wattenberg
Story by The New York Times President Obama has authorized the deployment of up to 450 more American troops to Iraq to train and assist the Iraqi forces battling the Islamic State, the White House announced on Wednesday, signaling a major shift of focus in the fight against the Sunni militant group. The United States forces will use Al Taqqadum,
Enerplus Corporation (“Enerplus”) (ERF) (ERF) is announcing an increase to its production guidance and capital spending in 2015. Year to date, we have been producing at the high end of our guidance range while maintaining cost discipline. Additionally, we have decided to accelerate the completion of eight North Dakota oil wells at a cost of $60 million. This activity is
Damaged pipeline calls for alternative oil transport solution An emergency request made by ExxonMobil (ticker: XOM) to use tanker trucks to haul crude oil following the rupture of an oil pipe carrying its crude from offshore has been denied by officials in California. Santa Barbara County’s Planning and Development director rejected Exxon’s emergency permit application, saying it did not meet
CRUDE OIL INVENTORY/’000 bbls (Week Ended 6/5/15) Current: 470,603 Actual Build/(Withdrawal): (6,812) Economist Average Estimate: (1,273) Previous: 477,415 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy.
Story by The Associated Press Millions of fliers might soon need to buy new carry-on suitcases. Global airlines on Tuesday announced new guidelines that would shrink the size of bags allowed on planes, part of an effort to free up space in packed overhead bins. The move means that many bags now allowed would need to be checked. Fliers would
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