Notes

Through a swap with holders of unsecured debt, Houston-based Halcon Resources Corp. gave itself more time to wait out the commodity price rout at the expense of a higher cost of capital. It also disclosed a delisting notice from the New York Stock Exchange (NYSE).

Blaze Energy Corp. said it has settled a dispute with Environmental Energy Services Inc. (EESV), exchanging subsidiary EESV Fayetteville Inc. and associated outstanding notes for EESV’s 76% stake in the company, in a stock deal valued at $1.9 million. Under the first phase of a reorganization plan, the Boise, ID-based company — which is not affiliated with Calgary-based Blaze Energy Ltd. — also accepted the resignations of all but one of its employees and canceled the lease for its corporate offices.

Higher natural gas and oil resource estimates should continue through 2013 for several onshore unconventional areas, especially in “pockets of the Permian Basin,” the Niobrara formation, as well as the Eagle Ford and “super-rich” Marcellus and Utica shales, according to Credit Suisse.

With non-strategic assets sales behind it, The Woodlands, TX-based Newfield Exploration Co. is focusing on multiple oil and liquids-rich projects and is placing particular emphasis on drilling longer laterals.

In the film industry, directors give notes to actors about how to improve their performances. The energy industry has turned the tables on Gasland director Josh Fox, giving him some pointers for the sequel to his anti-hydraulic fracturing (fracking) film.

In the film industry, directors give notes to actors about how to improve their performances. The energy industry has turned the tables on Gasland director Josh Fox, giving him some pointers for the sequel to his anti-hydraulic fracturing (fracking) film.

Texas regulators Wednesday approved new air emissions rules affecting producers in the Barnett Shale of North Texas. Industry groups have said the rules are too strict, while environmentalists said they don’t go far enough.

Only a gain of about a nickel by the Florida citygate, spurred primarily by Florida Gas Transmission’s issuance of an Overage Alert Day (see Transportation Notes), and flat quotes at Westcoast Station 2 were left out of Thursday declines ranging from a little less than a nickel to about 20 cents. Despite having a major storm with plentiful snowfall due to linger through the weekend, the Northeast recorded most of the biggest losses.

Only a gain of about a nickel by the Florida citygate, spurred primarily by Florida Gas Transmission’s issuance of an Overage Alert Day (see Transportation Notes), and flat quotes at Westcoast Station 2 were left out of Thursday declines ranging from a little less than a nickel to about 20 cents. Despite having a major storm with plentiful snowfall due to linger through the weekend, the Northeast recorded most of the biggest losses.