If you ask people to name some energy producing areas in the U.S., the states that come up include Texas, North Dakota, Colorado, Pennsylvania, Wyoming, West Virginia and Louisiana. No one says, “Idaho.” But Idaho’s governor, C.L. “Butch” Otter, is hoping to change that perception. Otter is determined to attract oil and gas investment to Idaho. First step: he has
Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (CPG)(CPG) is pleased to report that the previously announced acquisition of Coral Hill Energy Ltd. (“Coral Hill”) closed today. As a result, Crescent Point has acquired productive capacity of approximately 3,200 boe/d of high-netback light oil and more than 500 net sections of land. The Coral Hill acquisition consolidates the Company’s
As natural gas prices come more in-line with coal, generators make the switch This chart, provided by EnerCom Analytics, shows the increasing use of natural gas as opposed to coal for electrical generation. April 2015, marked the first time ever that natural gas was responsible for more electrical power generation than coal. The grey and red bars show the percentage
Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQL”) is pleased to announce that it has entered into an agreement (the “Acquisition” or the “Transaction”) with an industry major to acquire complementary land and gas-processing infrastructure within its core area at Michichi. The Acquisition includes approximately 550 boe/d (25% Oil & NGLs) of production, 21 net sections of land with
Strategic Oil & Gas Ltd. Announces Second Quarter 2015 Financial and Operating Results CALGARY, ALBERTA–(Marketwired – Aug. 13, 2015) – Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSX VENTURE:SOG) reports financial and operating results for the three months ended June 30, 2015. Detailed results are presented in Strategic’s interim condensed consolidated financial statements and related Management’s Discussion and
Gains in oil rigs balance out reduced gas rigs The total number of rigs drilling for oil and gas in the United States remained unchanged in the week ended August 18, 2015, according to information from Baker Hughes (ticker: BHI). The total number of active rigs stayed flat at 884 this week. The number of rigs drilling for oil increased
Trican (TCW.TO) is pleased to announce that it has entered into a definitive agreement with RN Assets LLC (the “Purchaser”), a subsidiary of Rosneft Oil Company (“Rosneft”), for the sale of Trican’s Russian pressure pumping business to the Purchaser. The transaction involves the sale of all shares of Trican Well Service LLC, an indirect wholly-owned subsidiary of Trican that holds
SandRidge Energy, Inc. (the “Company“) (SD) today announced that the Company has entered into privately negotiated purchase and exchange agreements under which it will repurchase $250 million aggregate principal amount of its senior unsecured notes for $94.5 million cash and exchange $275 million of notes into new convertible notes. James Bennett, President and CEO, commented, “We are very pleased with
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