Exchange

Linn, Penn Virginia Succumb to Bankruptcy

Linn, Penn Virginia Succumb to Bankruptcy

Two more U.S. onshore operators, Linn Energy LLC and Penn Virginia Corp., have filed for Chapter 11 protection this week as the commodity price rout continues to claim more victims.

May 12, 2016
Linn, Penn Virginia Succumb to Bankruptcy

Linn, Penn Virginia Succumb to Bankruptcy

Two more U.S. onshore operators, Linn Energy LLC and Penn Virginia Corp., have filed for Chapter 11 protection this week as the commodity price rout continues to claim more victims.

May 12, 2016

CME Group Delays Shuttering of Futures Floor Trading

CME Group said it will postpone until July 6 the scheduled closing of most of its futures trading pits in Chicago and New York — including natural gas — due to a technical revision to its filing with the Commodity Futures Trading Commission (CFTC).

June 24, 2015

Possible Deal Nears on Drilling in Colorado’s Thompson Divide

In a long-standing war zone for energy developers and environmentalists fighting over proposed drilling in the Thompson Divide area of western Colorado, local county, industry and environmental officials are working on a land exchange proposal that could resolve the ongoing warfare through congressional action endorsed by Colorado’s two U.S. senators and a House member.

April 9, 2015

CME Group Restructuring Cuts 150 Company Positions

CME Group said Tuesday that as part of its recently announced restructuring the trading exchange will reduce its global workforce this week by roughly 5%, or about 150 positions. Most of the cuts will come from technology, with the balance of reductions coming from corporate and administrative functions.

October 14, 2014

Range Earns $144M in 2Q on Record Production, New EURs

Bolstered by record production, especially in the southwest Pennsylvania portion of the Marcellus Shale, and revisions to its estimated ultimate recovery (EUR) curves, Range Resources Corp. reported net earnings of nearly $144 million for the second quarter of 2013.

July 26, 2013

Five Injured in West Virginia Gas Well Explosion

Five people were injured after a Marcellus Shale gas well owned by Antero Resources exploded in Doddridge County, WV, on Sunday morning.

July 9, 2013

SEC Inquiry Casts Shadow on Linn-Berry Deal

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).

July 8, 2013

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
Carrizo’s Eagle Ford Soars Higher

Carrizo’s Eagle Ford Soars Higher

Carrizo Oil & Gas Inc. raised second quarter oil production guidance to 10,800-11,200 b/d from 9,600-10,000 b/d, increased its 2013 crude oil production growth target to 40% from 28% and raised its total 2013 production growth target to 10% from 6%, based largely on results in the Eagle Ford Shale.

June 18, 2013
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