Lucas Energy Inc. has changed its name to Camber Energy Inc. effective Thursday. The previously announced change is intended to more accurately reflect the company’s focus on the Austin Chalk and Eagle Ford Shale. The company will trade on the New York Stock Exchange under the new ticker “CEI.”
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Denver-based Resolute Energy Corp. agreed sell its Gardendale assets in the Midland Basin of West Texas to an undisclosed buyer for $177.5 million. Proceeds will reduce debt and fund development in the Delaware Basin and in the Aneth Field of southeast Utah, the company said.
Consol Energy Inc. said it is cutting its Appalachian Basin workforce, confirming layoffs in its gas division and joining several of its peers across the country that have recently announced similar plans aimed at reducing costs amid the commodities downturn.
Las Vegas, NV-basedNV Energy Inc.’sshareholders on Wednesday “decidedly” approved the power utility’s acquisition by billionaireWarren Buffett-led Berkshire Hathaway’ MidAmerican EnergyHoldings Co., a $5.59 billion deal announced last May (seeDaily GPI,May 31). Speaking at a special stockholders’ meeting called for the vote, NV Energy CEOMichael Yackirasaid the transaction is expected to close in the first quarter next year, assuming that all customary closing conditions are met, including approvals from theFederal Energy Regulatory Commissionand theNevada Public Utilities Commission.
Prometheus Energy Group Inc. announced that it had signed a multi-year agreement to supply Antero Resources with enough liquefied natural gas (LNG) to power “a significant portion” of Antero’s natural gas-fueled drilling rigs in the Marcellus and Utica shales.
As part of President Obama’s climate action plan (see NGI, July 1), the Department of Energy (DOE) last Tuesday announced a draft $8 billion loan guarantee solicitation to develop advanced technologies aimed at avoiding and reducing greenhouse gas (GHG) emissions from fossil fuels.
As part of President Obama’s climate action plan, the Department of Energy Tuesday announced a draft $8 billion loan guarantee solicitation for the development of advanced technologies aimed at avoiding and reducing greenhouse gas (GHG) emissions from fossil fuels.