Wednesday, November 27, 2024

Southern Company to Acquire AGL Resources in $12 Billion Transaction, Creating Leading U.S. Electric and Gas Utility

Creation of new, U.S.-leading electric and natural gas utility with approximately nine million utility customers in nine states AGL Resources shareholders to receive $66 per share, a premium of 36 percent Transaction expected to be accretive to Southern Company earnings per share in first year Southern Company (NYSE:SO) and AGL Resources (NYSE: GAS) announced that the boards of directors of

Oil prices fall on fading storm impact, Chinese economic data - Oil&Gas360

Oil Prices Fall Lower with Stock Market

Concerns in China push global markets down China’s Shanghai Composite index saw the single largest one-day percentage loss since 2007 earlier today, shedding 8.5% of its value. Even as Chinese authorities allowed pension funds managed by local governments to invest in the stock market for the first time, potentially channeling hundreds of billions of yuan into the country’s market, concerns

Oil & Gas 360 - ConocoPhillips ups drilling program in Eagle Ford - Oil & Gas 360

Alta Mesa Holdings, L.P. – Day Three Breakout Notes

Harlan H. Chappelle, President and Chief Executive Officer of Alta Mesa Holdings L.P., presented today at EnerCom’s The Oil & Gas Conference 20®. Alta Mesa is a privately held company engaged in onshore oil and natural gas acquisition, exploitation, exploration and production whose focus is to maximize the profitability of their assets in a safe and environmentally sound manner. The

Flotek Industries – Day Three Breakout Notes

John Chisholm, Chairman, President and Chief Executive Officer of Flotek Industries Inc. (NYSE: FTK), presented today at EnerCom’s The Oil & Gas Conference® 20. Flotek is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. It serves major and independent companies in the domestic and international oilfield service

Canada

Boulder Energy Ltd. – Day Three Breakout Notes

Clayton Thatcher, President of Boulder Energy Ltd. (OTCQX: BXO), presented today at EnerCom’s The Oil & Gas Conference® 20. Boulder Energy Ltd. is a growth-oriented junior oil and natural gas producer based in Calgary, Alberta. Boulder’s primary focus is driving sustainable organic growth at its Company-operated, 100% owned multi-zone Belly River pool at Brazeau in the Alberta Deep Basin. In

Opening Up the Global Energy Markets: U.S. LNG Exports are Only Months Away

LNG: Energy CEOs talk about exporting U.S. shale gas to Europe, Asia “We are changing the way the global natural gas markets are going to function”—Charif Souki, Cheniere Energy CEO The exportation of liquefied natural gas (LNG) and crude oil from the U.S. were hot topics at EnerCom’s The Oil & Gas Conference® 20. Marcellus producer Range Resources is well

Granite Oil Corp. – Day Three Breakout Notes

Michael Kabanuk, President and Chief Executive Officer of Granite Oil Corporation (TSX: GXO), presented today at EnerCom’s The Oil & Gas Conference 20®. Granite Oil Corp. is a dividend-paying, junior oil producer based in Calgary, Alberta that owns and operates a large, recently discovered Alberta Bakken oil pool in southern Alberta. Granite was founded in May 2015 through a Plan of Arrangement that

Baytex Announces Updated Guidance for 2015; Capital Program Reduced, Dividend Suspended

Baytex Energy Corp. (“Baytex”) (BTE)(BTE) announces updated guidance for 2015 and enhanced sustainability through a reduced capital program and suspension of the monthly dividend. “It is imperative that we position our company to withstand the current low commodity price environment. We are committed to taking the difficult but necessary steps to ensure the long-term sustainability of our business. We are

Plains All American Completes Public Offering of $1.0 Billion of Senior Notes

Plains All American Pipeline, L.P. (NYSE: PAA) today announced that it has completed an underwritten public offering of $1.0 billion aggregate principal amount of 4.65% senior unsecured notes due October 15, 2025, at a public offering price of 99.846% of the face amount of the notes with a yield to maturity of 4.668%. Total net proceeds of the offering were

Sonangol and Cobalt Announce $1.75 Billion Transaction

The Angolan National Concessionaire Sociedade Nacional de Combustíveis de Angola – Empresa Pública (“Sonangol”) and Cobalt International Energy, Inc. (“Cobalt”) (CIE) today announced the signing of a Sale and Purchase Agreement for Sonangol to acquire all of Cobalt’s 40% participating interest in Blocks 21/09 and 20/11 offshore Angola (the “Blocks”) for $1.75 billion with an effective date of January 1,