Denver-based Resource Energy Can-Am LLC has agreed to pay $34.7 million for Blue Ridge Mountain Resources’ assets in Divide County, ND, including interests in 167 wells, over 45,000 net mineral acres, in excess of 1,500 boe/d of flowing production and 3.0 million boe of reserves, the companies said Wednesday.
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Magnum Hunter Rebranding, Changes Name
Magnum Hunter Resources Corp., which emerged from bankruptcy in May under a new structure and leadership team, has changed its name to Blue Ridge Mountain Resources Inc.
Blue Racer Barging Gulf Coast-Bound NGLs on Ohio River
Blue Racer Midstream LLC has started barging Appalachian natural gas liquids (NGL) to the Gulf Coast via the Ohio River, the company confirmed on Friday.
Blue Racer Midstream’s Growth Curbed by Decline in Appalachian Liquids Production
Blue Racer Midstream LLC, a joint venture of Caiman Energy II LLC and Dominion Resources Inc., has been forced to curb spending and restrain its rapid growth with the downturn in oil and natural gas prices, CEO Stephen Arata said this week at an industry conference in Pittsburgh.
Halliburton More Optimistic on U.S. Land
Halliburton Co., the No. 2 global oilfield services provider, is beginning to see some blue skies in North America this year and going into 2014, CEO Dave Lesar said last week.
Halliburton More Optimistic on North American Land
Halliburton Co., the No. 2 global oilfield services provider, is beginning to see some blue skies in North America this year and going into 2014, CEO Dave Lesar said Monday.
BNSF Singing Freight Train ‘Blues’ in Natural Gas Test
Berkshire Hathaway Inc.’s locomotive unit, BNSF Railway Co., is launching a pilot project this year to test whether the blue flame of natural gas in liquid form might deliver a cleaner, more economic sound than diesel in its freight trains.
BNSF Singing Natural Gas ‘Blues’ in Freight Train Test
Berkshire Hathaway Inc.’s locomotive unit, BNSF Railway Co., is launching a pilot project this year to test whether the blue flame of natural gas in liquid form might deliver a cleaner, more economic sound than diesel in its freight trains.
MSC Compels Anti-Drilling Website to Remove Similar Logo
A kerfuffle between the Marcellus Shale Coalition (MSC) and an anti-drilling group over copyright infringement has resulted in the latter removing from its website a logo similar to the one used by the MSC.
Industry Briefs
Blue Dolphin Energy Co. said it will purchase the Nixon Crude Processing Facility from a privately held firm in a stock deal, the value of which was not disclosed. The facility has a processing capacity of 15,000 b/d along with storage capacity of 295,000 b/d, and is located in the Eagle Ford Shale at Nixon, TX, on 56 acres between Gonzales and Wilson counties. The plant is in the final phase of a refurbishment project and plans to restart operations during 4Q2011.