Spends

Suncor’s Oilsands Face Stiff Competition from U.S. Oil Shale

Suncor Energy Inc. is writing off $1.5 billion of the investment in the centerpiece of its $20.6 billion oilsands expansion, the Voyageur Upgrader, which would turn heavy bitumen into light oil, in part because of stunning production growth in U.S. oil shales.

February 8, 2013

U.S. Shale Credited for Surge in Upstream Spending

Big spending by Big Oil in the U.S. shale plays is leading to a big-time recovery in global upstream capital spending, according to energy consultant Wood Mackenzie.

November 15, 2010

Rich Kinder Would Like His KMI Assets Better Private

In this tortoise and hare story, the tortoise spends years building an energy empire with pipelines and terminals, many part of a master limited partnership (MLP), that rewards investors handsomely. The hare sells most of his assets, some to the tortoise, and pins his hopes on becoming a savvy financial player in energy and other commodities.

December 25, 2006

Marathon Spends $500M to Acquire Pennaco

Fueling rumors that USX-Marathon Group may separate its steeland energy businesses and then sell a beefed up oil and gasbusiness, Houston subsidiary Marathon Oil put together a $500million deal to acquire two-year-old Pennaco Energy Inc., a companywhose key assets are tied to coalbed methane (CBM) gas productionin the Powder River Basin of northern Wyoming and southern Montana.

June 9, 2004

Progress Energy Spends $148 Million on 162 Gas Wells

Progress Energy announced today that a subsidiary has entered into three independent transactions to acquire approximately 162 producing natural gas wells with proven reserves of 195 Bcf for $148 million.

February 25, 2003

MGE Spends $2.4 Million for Wisconsin Facilities

Wisconsin-based Madison Gas and Electric Co. has agreed to purchase the Prairie du Chien area natural gas system from Wisconsin Electric/Wisconsin Gas (WE-WG) for $2.4 million, part of a plan announced by MGE in May, in which CEO Gary Wolter said it would invest in new gas and electric facilities through 2005 to keep pace with customer growth and ensure reliable service.

June 25, 2001

MGE Spends $2.4 Million for Wisconsin Facilities

Wisconsin-based Madison Gas and Electric Co. has agreed to purchase the Prairie du Chien area natural gas system from Wisconsin Electric/Wisconsin Gas (WE-WG) for $2.4 million, part of a plan announced by MGE in May in which CEO Gary Wolter said it would invest in new gas and electric facilities through 2005 to keep pace with customer growth and ensure reliable service.

June 22, 2001

API: Industry Spends Twice as Much on Gas Drilling

Following a four-year upswing in spending between 1995 and 1998,domestic oil and natural gas industry expenditures for drilling inthe U.S. fell 15.2% in 1999, the American Petroleum Institute (API)reported last week.

November 20, 2000

Industry Spends Twice as Much on Gas Drilling

Following a four-year upswing in spending between 1995 and 1998,domestic oil and natural gas industry expenditures for drilling inthe U.S. fell 15.2% last year, the American Petroleum Institute(API) reported.

November 16, 2000