Shares of Linn Energy LLC and LinnCo LLC got a beat-down last week after the companies disclosed that the Securities and Exchange Commission (SEC) was looking into details of LinnCo’s planned merger with Berry Petroleum Co. as well as its hedging strategy and use of financial reporting metrics that aren’t required under SEC’s generally accepted accounting principles (GAAP).
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Linn-Berry Petroleum Deal Draws SEC Scrutiny
Shares of Linn Energy LLC and LinnCo LLC took a tumble Tuesday after the companies disclosed that the Securities and Exchange Commission (SEC) was looking into details of LinnCo’s planned merger with Berry Petroleum Co.
July 3, 2013
Shell, Williams Launch Marcellus Venture for Wet, Dry Natural Gas
Williams Partners LP and a unit of Royal Dutch Shell plc have partnered on an ambitious midstream venture to invest in natural gas liquids (NGL) and dry gas handling infrastructure to serve Marcellus and Utica shale operators in northwestern Pennsylvania and northeastern Ohio.
April 15, 2013
Frontier Formation Stirs Hopes for Mackenzie Valley
Canada’s frontier shale drilling hot spot lived up to hopes for a new source of premium-grade oil, according to first results disclosed from 2012-2013 winter exploration in the central Mackenzie Valley region of the Northwest Territories.
March 25, 2013
Canada’s Canol Formation Stirring Shale Excitement
Canada’s frontier shale drilling hot spot lived up to hopes for a new source of premium-grade oil, according to first results disclosed from 2012-2013 winter exploration in the central Mackenzie Valley region of the Northwest Territories.
March 25, 2013
Here’s The SCOOP: Continental Uncovers New Play in Old Field
Continental Resources Inc. disclosed Tuesday that it has begun reworking a legacy shale play in south-central Oklahoma geographically similar to the Bakken, Marcellus and Eagle Ford shales that could add 1.8 million boe to its reserves in the next few years.
October 11, 2012
Halliburton Discloses Details on No-Guar Frack System
Halliburton Co. on Thursday disclosed details on the performance of its new hydraulic fracturing (fracking) service, which uses a fluid based on a derivatized natural polymer rather than guar gum.
September 17, 2012
Gas Industry Had Early Access to New York Rules, Says Group
Natural gas industry representatives were granted early access to New York’s preliminary unconventional drilling regulations up to six weeks before the rules were made public, the public health advocate Environmental Working Group (EWG) claimed on Thursday, citing documents obtained under a Freedom of Information (FOI) request.
June 29, 2012
MDU Pays $66M for Stake in Whiting’s Bakken Midstream Assets
MDU Resources Group Inc., which has five rigs in operation in the Bakken Shale and holds 124,000 net leasehold acres in the play, said subsidiary Bitter Creek Pipelines LLC has paid $66 million for a 50% interest in Whiting Oil and Gas Corp.’s natural gas and oil midstream assets near Belfield, ND.
May 23, 2012
Devon Raises 2012 Onshore Spending by $1B
Oklahoma City-based Devon Energy Corp. eschewed all talk on Wednesday that its North American onshore properties are anything but stellar by announcing a $1 billion increase to the 2012 capital spending budget, with nearly all of the money to be focused on exploration efforts in the company’s in-house unconventional portfolio.
April 5, 2012
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