Running

Despite continuing uncertainty over the world economy, optimism is running high that salaries at oil and gas companies will increase over the next year.

With time running out on billionaire Carl Icahn’s tender offer of $5.50/share, or $665 million in aggregate, for Dynegy Inc., Seneca Capital on Wednesday again urged Dynegy shareholders to reject the offer.

With North America girding once more to do battle with bone-chilling temperatures and plenty of icy precipitation, higher prices came as a surprise for no one Friday. Multi-dollar leaps reigned again in the Northeast, while the rest of the market saw gains ranging from about a nickel to nearly 30 cents. The smallest increases were concentrated in the Midcontinent and Rockies areas.

Cisco, TX-based Frac Tech Services Inc. has filed with the U.S. Securities and Exchange Commission for an initial public offering of common stock to raise up to $690 million. The company said it intends to apply to list its shares on the New York Stock Exchange.

Houston-based Goodrich Petroleum Corp. said Monday its preliminary 2011 capital expenditure budget is $225 million, a $30 million reduction from 2010 spending; however, production is expected to grow.

Incumbent U.S. Sen. Lisa Murkowski, R-AK, running as an independent write-in candidate, picked up almost all of the ballots in the first day of counting write-in votes, despite challenges based on the spelling of her name by Republican Tea Party candidate Joe Miller.

With the Marcellus Shale as its guide, exploration and production (E&P) companies are pressing Quebec officials to give them some running room to develop the Utica Shale, a deep gassy play that extends across the St. Lawrence Lowlands and into the Lower 48 states.

With the Marcellus Shale as its guide, exploration and production (E&P) companies are pressing Quebec officials to give them some running room to develop the Utica Shale, a deep gassy play that extends across the St. Lawrence Lowlands and into the Lower 48 states.

Hitting the ground running just hours after President Obama signed the Wall Street reform bill into law (see related story), the Commodity Futures Trading Commission (CFTC) on Wednesday released a list of 30 areas where it plans to implement new regulations.