Saturday, April 26, 2025
North Dakota Production

Virginia Pays Record $4.49 Million in Gas Royalties to Land Owners

More than $2.5 million came as part of new legislation addressing Coalbed Methane The Virginia Gas and Oil Board approved distributing $4.49 million from the state’s escrow account during 2015, the most in a single year. The payments were the first substantial response to years of litigation between property owners and oil and gas companies over who owned the royalties

Petrobras Slashes $32 Billion from Five-Year Expenditure Plan

Oil Price Slide, Lower Exchange Rates Force Balance Sheet Adjustment 2015-2019 Plan is $125 Billion Lower than 2010-14 Plan The past year has been one to forget for Petrobras (ticker: PBR), as Brazil’s state owned oil magnate moves on from a messy scandal that has revealed some of the most prominent figures in the government. Aside from the proverbial black

Alberta’s Notley Urges National Energy Board to OK Trans Mountain Pipeline

From The Canadian Press EDMONTON – Premier Rachel Notley says the proposed expansion of a pipeline to the B.C. coast is not just in Alberta’s best interests, but is the best thing for Canada as well. “This important pipeline infrastructure will support an integrated energy economy in Canada that will be more attractive to investors, which in turn will generate

Trican Well Service in Negotiations for Sale of Its United States Pressure Pumping Business

Trican Well Service Ltd. (“Trican”) (TCW.TO) announces that it is in negotiations with Keane Group, a privately-held, U.S. based well completion services company (the “Purchaser”) for the sale of Trican’s United States pressure pumping business. Although talks are progressing, significant terms and conditions are still under negotiation. Accordingly, there can be no guarantee that the Company will conclude this transaction.

Colorado Midstream

Plains All American Pipeline, L.P. Announces $1.5 Billion Private Placement of 8% Perpetual Series A Convertible Preferred Units

PAA’s General Partner Also Agrees to Modify IDRs Plains All American Pipeline, L.P. (NYSE:PAA) today announced that it has received binding commitments for the purchase of approximately $1.5 billion of equity capital. The purchasers will acquire approximately 56 million units of a newly authorized series of 8% Perpetual Series A Convertible Preferred Units (the “Preferred Units”) at a price of