With Hollywood seed funding, startup is testing abandoned oil and gas wells as grid-scale energy storage solution for wind and solar generation “Our goal is to get to a cost point that’s potentially lower by a factor of about ten times than the batteries that you read about in the popular media, especially from companies like Tesla,” Aaron Mandell, Quidnet
PATTERSON-UTI ENERGY, INC. (PTEN) today regretfully announced the passing of A. Glenn Patterson, one of the original founders of the Company. Mr. Patterson served as the President and Chief Operating Officer of the Company from 1978 until his retirement in May 2006. During his more than 25-year tenure, he was instrumental in growing a one-rig drilling company into one of
The DTE Energy Board of Directors today declared a $0.73 per share dividend on its common stock payable Oct. 15, 2015, to shareholders of record at the close of business Sept. 21, 2015. This is a $0.04 per share, or 5.8 percent, increase from the previous quarterly dividend of $0.69 per share and reflects the Board’s and management’s confidence in
Cabot Oil & Gas Corporation (COG) will host its second quarter 2015 earnings conference call on Friday, July 24, 2015 at 9:30 a.m. Eastern Time. The Company plans to issue its financial and operating results prior to the market opening on the same day. To access the live audio webcast, please visit the Investor Relations section of the Company’s website
Senate Committee on Energy & Natural Resources: exempt allies from export ban Senator Lisa Murkowski (R-AK) has been a vocal proponent of lifting the U.S. crude export ban during her time as head of the Senate Committee on Energy & Natural Resources. Recently, Murkowski presented the findings of a report entitled “Rendering Vital Assistance: Allowing Oil Shipments to U.S. Allies,” that
Penn Virginia Corporation (PVA) today announced that it has no comment on market rumors and that it did not issue a press release earlier today. Penn Virginia Corporation (PVA) is an independent oil and gas company engaged in the exploration, development and production of oil, natural gas liquids and natural gas in various domestic onshore regions of the United States,
Industry groups say the reservation policy adds unnecessary burdens on the project Western Australia’s gas reservation policy has been applied to the Woodside Energy-led (ticker: WPL) Browse floating liquefied natural gas (FLNG) project, . The policy was started in 2006, and requires that petroleum projects reserve up to 15% of their production for domestic use, according to Practical Law. The
U.S. refining capacity rose by 0.2% in 2014 Refining capacity in the United States – measured as operable atmospheric crude distillation unit (CDU) capacity – increased by 0.2% in 2014, reaching a total capacity of 18 MMBOPD, according to the Energy Information Administration’s (EIA) Refinery Capacity Report. The refinery capacity reported for the beginning of 2015 includes expansions that were
Lower Well Costs and 25% Increase in EURs Drives Decision to Resume Completions and Add Two Rigs WPX Energy (WPX) plans to increase its activity in the Williston Basin during the second half of 2015 by resuming completions and increasing its rig count from one to three before year-end. The decision follows significant process improvements, structural changes to lower costs,
Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) is pleased to announce the successful start-up of Phase 1 of the Bellatrix O’Chiese Nees-Ohpawganu’ck deep cut gas plant in the Alder Flats area of Alberta (the “Bellatrix Alder Flats Plant” or the “Plant”). Bellatrix is also pleased to announce the completion of the current semi-annual borrowing base redetermination under
Story by CNN Obamacare has survived — again. In a 6-3 decision, the Supreme Court saved the controversial health care law that will define President Barack Obama’s administration for generations to come. The ruling holds that the Affordable Care Act authorized federal tax credits for eligible Americans living not only in states with their own exchanges but also in the
Overall 2015 Capital Budget Increased by $45 million to $185 million CALGARY, June 24, 2015 /PRNewswire/ – Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE MKT: GTE, TSX: GTE), a company focused on oil exploration and production in South America, today announced an increased 2015 capital program. The increased capital is intended to provide accelerated development drilling at the
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