The embattled Royal Dutch/Shell Group said last Thursday its exploration business will take a charge to earnings of about $330 million after tax in the second quarter, and that its oil product division sold its Midwest refined product pipeline system and storage assets in the United States for $530 million.
330M
Articles from 330M
Royal Dutch/Shell to Take $330M Charge in Second Quarter
The embattled Royal Dutch/Shell Group said Thursday it will take a charge to earnings of about $330 million after tax in the second quarter and has sold its Midwest refined product pipeline system and storage assets in the United States for $530 million.
Forest Increases North American Base with $330M Purchase of Wiser Oil
Forest Oil Corp. increased its North American oil and gas prospects last week after announcing it will purchase of The Wiser Oil Co., based in Dallas, for $330 million. Wiser, which produced 64 MMcfe/d in the first quarter, splits its exploration and production focus between Canada and the Permian Basin, and last year, its estimated proved reserves totaled 191 Bcfe, of which 51% were natural gas.
Forest Increases North American Base with $330M Purchase of Wiser Oil
Forest Oil Corp. increased its North American oil and gas prospects this week after announcing it will purchase of The Wiser Oil Co., based in Dallas, for $330 million. Wiser, which produced 64 MMcfe/d in the first quarter, splits its exploration and production focus between Canada and the Permian Basin, and last year, its estimated proved reserves totaled 191 Bcfe, of which 51% were natural gas.
NiSource Sells Columbia E&P Assets to Morgan Stanley Affiliate for $330M
NiSource Inc. on Thursday reached an agreement to sell its exploration and production (E&P) subsidiary to Triana Energy Holdings Inc., an affiliate of Morgan Stanley Capital Partners. The sale, consisting primarily of subsidiary Columbia Natural Resources (CNR) and its 1.1 Tcf of natural gas reserves, effectively ends NiSource’s involvement in non-regulated businesses, the CEO said.
NiSource Sells Columbia E&P Assets to Morgan Stanley Affiliate for $330M
NiSource Inc. on Thursday reached an agreement to sell its exploration and production (E&P) subsidiary to Triana Energy Holdings Inc., an affiliate of Morgan Stanley Capital Partners. The sale, consisting primarily of subsidiary Columbia Natural Resources (CNR) and its 1.1 Tcf of natural gas reserves, effectively ends NiSource’s involvement in non-regulated businesses, the CEO said.