Sells

National Oilwell Varco Sees Record Backlog as Equipment Orders Double

National Oilwell Varco Sees Record Backlog as Equipment Orders Double

Backlog for capital equipment orders in National Oilwell Varco’s (NOV) rig technology segment was $13.95 billion at the end of 2Q2013, a record high, 8% higher than at the end of 1Q2013 and 24% higher than at the end of 2Q2012, the company said Tuesday.

July 31, 2013

Correction

In a story published July 8, “NatGas Gasoline Fueling Research” (see NGI, July 8), NGI incorrectly stated that Primus Green Energy sells a gasoline product for about $2.00/gallon. In fact, the company creates the product at a cost of $2.00/gallon. In addition, NGI incorrectly stated that the company expects to produce 10,000 gallons of fuel annually. The company actually plans to produce 100,000 gallons of fuel annually. NGI regrets the errors.

July 15, 2013

Dominion Sells British Columbia Oil and Gas Producing Assets for $476M

Dominion Resources last week said it completed the sale of the majority of its natural gas and oil assets in British Columbia for an estimated C$584 million (US$476 million). The sale consisted of five separate transactions.

January 24, 2005

Dominion Sells British Columbia Oil and Gas Producing Assets for $476M

Dominion Resources said Monday it completed the sale of the majority of its natural gas and oil assets in British Columbia for an estimated C$584 million (US$476 million). The sale consisted of five separate transactions.

January 19, 2005

Key Energy Sells Land Drilling Assets for $62M

Key Energy Services Inc., the world’s largest rig-based, onshore well service company, said Monday it has completed the sale of the majority of its U.S. land drilling assets to Patterson-UTI Energy Inc. of Snyder, TX, for approximately $62 million in cash.

January 19, 2005

Contango Sells South Texas Producing Properties for $50M

Houston-based producer Contango Oil & Gas Co. said Wednesday that it has completed the sale of substantially all of its South Texas natural gas and oil interests to Edge Petroleum Corp. for $50 million.

December 30, 2004

El Paso Sells Cedar Brakes to Bear Stearns, Transfers Supply Pact to Constellation

El Paso Corp. took several more steps last Wednesday in its effort to sell its domestic power portfolio and reduce its debt. The company said it is selling interests in its Cedar Brakes I and II power companies, which supply Public Service Electric and Gas Co., to Bear Stearns affiliate Arroyo Energy Investors LP for $106 million.

December 27, 2004

Key Energy Sells U.S. Land Fleet to Patterson

Key Energy Services Inc. said it is selling the assets of its U.S. land drilling operations to Patterson-UTI Energy Inc. for $62 million in cash and will retain $10 million in working capital of the business, net of other liabilities.

December 9, 2004

Key Energy Sells U.S. Land Fleet to Patterson

Key Energy Services Inc. said it is selling the assets of its U.S. land drilling operations to Patterson-UTI Energy Inc. for $62 million in cash and will retain $10 million in working capital of the business, net of other liabilities.

December 9, 2004

Clearinghouse Sells $39M in Hybrid Auction, 32% Via Internet

The Oil & Gas Asset Clearinghouse sold more than $39 million in properties at the hybrid auction held Nov. 10 in Houston, offering 282 lots for sale. About 330 registered bidders competed for properties, with 32% bidding via the Internet.

November 29, 2004
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