Story by The Hill President Obama’s love affair with natural gas is over. The president once touted gas as an essential clean bridge fuel to wean the United States off dirtier fossil fuels and onto renewable energy, and it was seen as a key to his landmark climate change rule for power plants. But when Obama unveiled the finalized rule
SandRidge Energy, Inc. (SD) today announced that it has appointed Julian Bott as Executive Vice President and Chief Financial Officer of the company. Mr. Bott, who most recently served as Chief Financial Officer at Texas American Resources Company since 2009, assumes the CFO role from Eddie M. LeBlanc, 66, who has served as CFO since July 2013 and has announced
Yuma Energy, Inc. (NYSE MKT: YUMA) (NYSE MKT: YUMA-PA) (the “Company”) today announced that its Board of Directors has declared a monthly cash dividend payment on the Company’s 9.25% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”). The monthly dividend on the Series A Preferred Stock is payable on September 1, 2015, to holders of record at
Whitecap Resources Inc. announces second quarter 2015 results and increased production guidance Whitecap Resources Inc. (“Whitecap” or the “Company”) (WCP.TO) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2015. Whitecap’s unaudited interim consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) are available at www.sedar.com and on our
Gran Tierra Energy Inc. Announces Second Quarter 2015 Results CALGARY, Aug. 5, 2015 /PRNewswire/ – Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE MKT: GTE, TSX: GTE), a company focused on oil and gas exploration and production in Colombia, today announced its financial and operating results for the quarter ended June 30, 2015. All dollar amounts are in United States (“U.S.“)
Bellatrix Exploration Ltd. Announces Second Quarter 2015 Financial Results CALGARY, Aug. 5, 2015 /PRNewswire/ – Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces its financial and operating results for the three and six months ended June 30, 2015. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters
Legacy Reserves LP Announces Second Quarter 2015 Results Legacy Reserves LP (“Legacy”) (LGCY) today announced second quarter results for 2015. Q2 highlights include: Production of 33,571 Boe/d Lease operating expense (excluding ad valorem taxes) of $42.8 million, a $3.1 million (6.8%) improvement relative to Q1 2015 and a $10.4 million (19.5%) improvement relative to Q4 2014 Adjusted EBITDA of $69.9
DCP Midstream Partners Reports Second Quarter 2015 Results Reported Adjusted EBITDA of $150 million, up 36 percent from the second quarter of 2014 Generated Distributable Cash Flow of $141 million, up 52 percent from the second quarter of 2014, resulting in a distribution coverage ratio of 1.17 times in the second quarter of 2015 Declared quarterly distribution of $0.78 per
Investors sue PetroChina for violating U.S. securities laws U.S. District Judge Edgardo Ramos in Manhattan dismissed claims against Chinese oil giant PetroChina (ticker: PTR) regarding declines in the company’s share price after company officials were included in an anti-graft probe initiated by the Chinese government. The lawsuit claimed PetroChina and individual defendants violated U.S. securities laws by concealing “bribery, political
Exports of both crude oil and natural gas fell; imports of energy products increased The U.S. international trade deficit in goods and services increased to $43.8 billion in June from $40.9 billion in May, according to the U.S. Census Bureau. Exports decreased to $188.6 billion in June from $188.7 billion in May. Goods were $127.6 billion in June, down from
With share prices halved along with oil prices, investing opportunities abound What’s coming in 2016? Institutional investors head to Denver Aug. 16-20 to listen to the oil & gas sector’s go-forward strategies Where is the industry today and where is it heading? After a lengthy pattern of producing and selling $90+ oil, the industry was jolted when OPEC announced its decision
Carbon emissions from the power sector at lowest level since 1988 The electric power sector emitted 128 million metric tons of carbon dioxide (MMmt CO2) in April 2015, according to information from the Energy Information Administration (EIA). This level of emissions is the lowest for any month since April 1988. In any year, April is typically the month with the
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