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North Dakota Output Sets Daily Records

Coming out of its coldest April and wettest May ever recorded, North Dakota’s latest oil and natural gas statistics show the amounts of oil transported by rail shot up to 75% in April while new wells connected set a record at 185. Overall, April oil/gas production was down compared to March, but the daily averages set all-time records on a preliminary basis (793,249 b/d and 846 MMcf/d).

June 17, 2013

North Dakota Production Sets Daily Records; Rail, New Connects Soar

Coming out of its coldest April and wettest May ever recorded, North Dakota’s latest oil and natural gas statistics show the amounts of oil transported by rail shot up to 75% in April while new wells connected set a record at 185. Overall, April oil/gas production was down compared to March, but the daily averages set all-time records on a preliminary basis (793,249 b/d and 846 MMcf/d).

June 17, 2013

California Power Capacity Seen as Adequate; New Gas Plants In the Wings

With continued uncertainty over whether a large nuclear generation plant will ever return to service, Southern California Edison Co. (SCE) officials on Friday said summer power supplies will be adequate throughout Southern California. Up to three new or upgraded natural gas-fired plants in the region. totaling more than 1,800 MW, are due to start operations by the end of summer, they said

May 29, 2013
Energen Test Wells in Permian Show Promise

Energen Test Wells in Permian Show Promise

Energen Corp. management said the first quarter of 2013 was “both encouraging and challenging” as test wells in the Third Bone Spring and Wolfberry formations of the Permian Basin performed well, but cold weather and interference issues worked against the company as profits fell slightly.

May 2, 2013
Range Sells Noncore Permian Assets for $275M

Range Sells Noncore Permian Assets for $275M

Continuing to focus ever more sharply on liquids-rich and oil projects, Range Resources Corp. has entered into an agreement to sell for $275 million some of its gassier Permian Basin properties in New Mexico and West Texas.

February 28, 2013

BLM Issues First-Ever Rapid Ecoregional Assessment of Western Lands

The Interior Department’s Bureau of Land Management (BLM) Tuesday released its first-ever rapid ecoregional assessment (REA), which takes a broad look at the ecology of the Colorado Plateau.

February 27, 2013
Linn Energy Acquiring Berry Petroleum in $4.3B Deal

Linn Energy Acquiring Berry Petroleum in $4.3B Deal

Linn Energy LLC and LinnCo LLC are acquiring Berry Petroleum Co. for $4.3 billion, including debt, in a transaction said to be the first-ever acquisition of a C-corporation by an upstream limited liability company (LLC) or master limited partnership (MLP).

February 22, 2013

TEPCO Plans Henry-Linked LNG Supply

Tokyo Electric Power Co. (TEPCO) is about to strike its first-ever long-term contract for liquefied natural gas (LNG) supply indexed to the Henry Hub, the Japanese utility said last week. TEPCO has been in talks with Mitsui & Co. Ltd. and Mitsubishi Corp. to acquire LNG from Sempra Energy’s Cameron LNG terminal in Louisiana.

February 11, 2013

Tokyo Electric Buying LNG at Henry Hub Index

Tokyo Electric Power Co. (TEPCO) is about to strike its first-ever long-term contract for liquefied natural gas (LNG) supply indexed to the Henry Hub, the Japanese utility said Wednesday. TEPCO has been in talks with Mitsui & Co. Ltd. and Mitsubishi Corp. to acquire LNG from Sempra Energy’s Cameron LNG terminal in Louisiana.

February 8, 2013

General Electric’s Bet on Energy Paying Off

General Electric’s (GE) ever-larger bet on energy, particularly the oil and natural gas equipment sector, appears to be paying off as the industrial conglomerate on Friday reported stronger-than-expected profits for 4Q2012.

January 22, 2013
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