Thursday, January 9, 2025

Enbridge Energy Partners Announces Actions to Strengthen Midcoast Energy Partners and Planning Next Drop-Down to Midcoast in 2016

 Enbridge Energy Partners, L.P. (NYSE: EEP) (“Enbridge Partners”) has entered into an amendment to the Midcoast Operating, L.P. (“Midcoast Operating”) limited partnership agreement to allow for increased allocations of distributable cash flow to Midcoast Energy Partners, L.P. (NYSE: MEP) (“Midcoast Partners”) for a period of time. These actions will enhance both MEP’s ability to deliver distribution growth through 2017 and maintain

WTI Prices Up as DOE Reports Crude Draw

WTI closed higher for the first time in five sessions yesterday The front month West Texas Intermediate contract is up $1.25 from yesterday’s close of $47.98 per barrel. The 2.3% increase in WTI front month contracts marked the first time in five sessions that the price of the U.S. crude benchmark finished the day strong than when it started. The

Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Murkowski/Cantwell’s Energy Modernization Bill Would Accelerate FERC’s LNG Decisions to 45 Days

Bipartisan bill hopes to renovate U.S. energy policy, facilitate infrastructure updates, protect the grid from attack, modernize SPR, identify “critical mineral supply”, fix national park maintenance backlog Earlier this week, U.S. Senate Committee on Energy and Natural Resources (ENR) Chairman Lisa Murkowski (R-AK) and Ranking Member Maria Cantwell (D-WA) released a proposed energy bill that hopes to modernize energy policy

Layoffs in Oil and Gas

Via The Wall Street Journal U.S. energy companies are planning more layoffs, asset sales and financial maneuvers to deal with a recent, sudden drop in U.S. crude-oil prices to under $50 a barrel, the lowest level in four months. The companies had been banking on a rebound in oil prices in the second half of 2015 after falling sharply late

Tamarack Valley Announces Q2 Results with Capital Update

Tamarack Valley Energy Ltd. Announces Second Quarter 2015 Production and Reduces 2015 Capital Budget While Maintaining Average Daily Production Guidance Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX VENTURE:TVE) is pleased to announce estimated production of 6,992 boe/d (60% oil & NGL’s) for the second quarter 2015, current production of approximately 8,525 boe/d (58% oil & NGL’s) based on

Industrial Natural Gas Consumption Up 24% Since 2009

Natural gas expected to continue growth after more than a decade of decline Industrial use of natural gas is up 24% from 2009 levels of consumption after more than a decade of steady declines. Industrial facilities, including methanol plants and ammonia- or urea-based plants, consumed an average of 21.0 Bcf/d of natural gas in 2014. Several more major projects are

Rex Energy Announces Second Quarter 2015 Production and Price Realizations

Rex Energy Corporation (REXX) announced second quarter 2015 production volumes and price realizations. Production Results and Price Realizations Rex Energy’s second quarter 2015 production increased to 206.8 MMcfe/d, a 5% increase from first quarter 2015, and exceeded the high-end of the company’s previously reported production guidance of 199.0 – 205.0 MMcfe/d. The table below outlines Rex Energy’s quarterly production and

New Source Energy Partners L.P. Board of Directors Suspends Quarterly Cash Distribution on Common Units

New Source Energy Partners L.P. (NSLP) (the “Partnership” or “New Source”) announced today that the Board of Directors of its General Partner has decided to suspend the cash distribution on common units. Kristian Kos, Chairman and Chief Executive Officer said: “The continued low commodity price environment coupled with current market conditions have led the Board of Directors to suspend the