CorEnergy Infrastructure Trust CEO David Schulte speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. CorEnergy Infrastructure Trust – The Oil & Gas Conference® 20 Webcast … Username or E-mail Password Remember Me Forgot Password
ConocoPhillips announces delivery of first oil at Surmont 2 ConocoPhillips (ticker: COP) announced today that it had produced first oil from its Surmont 2 oil sands facility, located in Alberta, Canada. Construction on the project, which is the largest single-phase steam-assisted gravity drainage (SAGD) project ever undertaken, began in 2010. The Surmont project is located in the Athabasca Region of
Few investors can move the needle like Warren Buffet, the most successful investor of the 20th century. “The dynamism embedded in our market economy will continue to work its magic. Gains won’t come in a smooth or uninterrupted manner; they never have. And we will regularly grumble about our government. But, most assuredly, America’s best days lie ahead.” Warren Buffet
WPX Energy (WPX) has completed the divestiture of its remaining mature coalbed methane properties in Wyoming’s Powder River Basin and scheduled a related sale of its membership interest in Fort Union Gas Gathering L.L.C. to close in November. The buyer is Moriah Powder River L.L.C. The sales price for the assets is $80 million. Divesting the Powder River Basin operations
Integrated Environmental Technologies Chairman, President and CEO, David LaVance, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. Integrated Environmental Technologies – The Oil & Gas Conference® 20 Webcast …
EcoStim Energy Solutions CEO, Chris Boswell, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. EcoStim is a well stimulation and completion services company that works exclusively in Argentina serving shale drillers. EcoStim has a proprietary technology that helps drillers target the “sweet spots” within each frac stage in the Vaca Muerta shale play.
WTI Deals Permian Position for $376 Million to Private Equity Firm W&T Offshore (ticker: WTI), a Houston-based exploration and production company, has increased its focus on assets… offshore. On September 1, 2015, WTI divested the majority of its position in the Permian Basin to Ajax Resources, LLC, for gross pre-tax proceeds of $376.1 million. WTI retains an overriding royalty interest
Total sells North Sea midstream assets On August 27, Total (ticker: TOT) announced that it sold its FUKA and SIRGE gas pipelines, along with the St. Fergus Gas Terminal, to North Sea Midstream Partners for £585 million (approximately $905 million). The Frigg UK Pipeline (FUKA) is a 362-kilometer, 32-inch pipeline with a nominally capacity of 1,271 MMcf/d, while the Shetland
Pricing shifts in favor of selling natural gas as LNG As natural gas has become increasingly abundant in the United States, selling production as liquefied natural gas (LNG) has become an ever-more attractive alternative to selling gas production domestically. This chart, developed by EnerCom Analytics, shows the premium price for LNG export compared to the price for natural gas at
Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced the hiring of Chris Kendall as Chief Operating Officer. Mr. Kendall’s appointment to Chief Operating Officer will take effect upon his joining the Company on September 8, 2015, a role he is assuming from Phil Rykhoek, President and CEO, who has been serving in that capacity on an interim basis.
PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) (“Penn West“, “we“, “us” or “our“) announces it has taken the following further actions in response to the current commodity price environment: we will limit our capital expenditures to funds flow from operations by year-end 2015 we will suspend our dividend and reduce board compensation we will significantly reduce our
PostRock Energy Corporation (PSTR) announced today that Terry W. Carter has retired from his position as the Company’s President and Chief Executive Officer effective September 1, 2015. The Board has elected Clark Edwards, PostRock’s current Vice President of Operations, as Interim President and Chief Executive Officer. Mr. Carter is simultaneously stepping down as a Director and the Board has elected Mr.
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