Knoxville, TN-based Miller Energy Resources Inc. overstated the value of Alaska oil/natural gas properties it acquired in 2009 by more than $400 million, inflating its shares from pennies to nearly $9 in 2013, the U.S. Securities and Exchange Commission (SEC) said Wednesday. The company said it is cooperating with the commission.
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Articles from Miller
Appalachia Forecast to Dominate Long-Term NatGas Production
Natural gas prices are not likely to increase significantly in the coming years, especially if production in the Appalachian Basin continues to grow, according to a group of analysts that spoke Wednesday at an industry conference in Pittsburgh.
Appalachia Forecast to Dominate Long-Term NatGas Production
Natural gas prices are not likely to increase significantly in the coming years, especially if production in the Appalachian Basin continues to grow, according to a group of analysts that spoke Wednesday at an industry conference in Pittsburgh.
Halliburton Seeing Growth Domestically, Overseas
With the exception of some flattening in the overall oil and natural gas rig count this year, a steady increase is forecast through 2015, particularly for horizontals drilled on multi-pad well sites, according to Halliburton Co. COO Jeff Miller.
EXCO Pins Hopes to JVs, Eagle Ford and Haynesville Expansions
Officials with EXCO Resources Inc. said its acquisitions in the Eagle Ford and Haynesville shales during the second quarter were the foundation for future expansion, while its financial position would be bolstered through its joint ventures (JV) with Kohlberg Kravis Roberts & Co. LP (KKR), Harbinger Group Inc. and BG Group plc.
Petro-Canada, Russia’s Gazprom Eye LNG Supply, Regasification Joint Venture
Petro-Canada CEO Ron Brenneman and Gazprom Chairman Alexey Miller signed an agreement Tuesday to investigate a joint venture in the liquefied natural gas (LNG) business that could involve operations in all areas of the LNG value chain, from exploration, production and liquefaction, to shipping, regasification and marketing in North America.
Petro-Canada, Russia’s Gazprom Eye LNG Supply, Regasification Joint Venture
Petro-Canada CEO Ron Brenneman and Gazprom Chairman Alexey Miller signed an agreement Tuesday to investigate a joint venture in the liquefied natural gas (LNG) business that could involve operations in all areas of the LNG value chain, from exploration, production and liquefaction, to shipping, regasification and marketing in North America.