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News for December 9, 2013
Headquartered in Michigan, Fortis has operations throughout the Midwest and Northeastern states including: Michigan, Pennsylvania, West Virginia, Ohio, New York, Indiana, Illinois and now North Dakota.
The company plans to fund the acquisition with proceeds from its revolving credit facility and cash on hand, and expects to close the transaction on or before January 31, 2014.
Abraxas now expects 2013 production to average 4,300-4,350 boepd with an exit rate of approximately 4,500 boepd.
The company's fifth Caney well, the Barnes 7-2H, was successfully fracture stimulated in 85% of the lateral and, while early in the flowback phase, has averaged approximately 520 barrels a day of oil and 230 barrels of oil equivalent per day (BOEPD) of natural gas and natural gas liquids (NGLs) over the last four days.
Kentz surged as much as 10% to 643 pence, the highest price since starting to trade in February 2008, after agreeing to buy the field-solutions unit of U.S.-based Valerus.
- free News for December 6, 2013
GE’s new center will create 130 high-tech jobs and is expected to have a direct and indirect economic impact of $13 million on the state and local economies.
The JV will be established with equity interests of 51% for Rosneft and 49% for Statoil.
Despite ample U.S. gas supplies from a boom in shale production, gas-to-liquids isn’t “a viable option for Shell in North America,” the company said.
The new find at Statoil and partner Exxon Mobil Corp.’s (NYSE: XOM) Mronge-1 well in Block 2 brings total volumes in place to as much as 20 trillion cubic feet of gas
- free News for December 5, 2013
The ministry’s proposals last year for a state-run fund to participate in exploration ventures raised objections among investors searching for the fuel as well as other cabinet members.
The company has secured the consulting services of Andrew J. Kacic and Advisory Services Inc. with offices in Williston to assist in identifying oil and gas opportunities in that region.
Cheniere signs first customer for LNG sales from Corpus Christi.
Gasfrac is an oil and gas technology and service company headquartered in Calgary and the sole provider of waterless gelled LPG fracturing technology in North America.
The Mariner East 2 pipeline is expected to be operational in early 2016.
News for December 4, 2013