Tripling

Most Onshore Oil Plays Economic at $65 WTI, Says Raymond James

The Permian Basin, as well as the Eagle Ford and Bakken shales, which today are considered the “big three” drivers of U.S. oil production, would remain economic at current costs if West Texas Intermediate (WTI) crude oil prices were to fall to $65/bbl, according to an analysis by Raymond James & Associates Inc. In fact, 13 of 20 onshore oil plays evaluated would breakeven below $65 using current costs, said analysts.

July 17, 2012

North America’s Unconventional Resources An Investment Draw

Major joint ventures (JV) in North American unconventional resource plays were a driving force in pushing worldwide merger and acquisition (M&A) activity to a record high in 2010, preliminary data indicate.

January 6, 2011

Canadian Oilsands Pull on Gas Continues

After tripling over the last 10 years, natural gas use by Alberta thermal oilsands production will nearly double again in the coming decade, predicts the province’s Energy Resources Conservation Board (ERCB).

June 21, 2010

Canadian Oilsands Production Still Growing

After tripling over the last 10 years, natural gas use by Alberta thermal oilsands production will nearly double again in the coming decade, predicts the province’s Energy Resources Conservation Board (ERCB).

June 21, 2010

Sempra 2Q Profit Triples on $1.3B Asset Sales

Including discontinued operations, San Diego-based Sempra Energy Thursday reported second quarter net income of $373 million, or $1.43/diluted share, tripling the results for the same quarter last year ($121 million, or 48 cents/diluted share). The utility holding company said $188 million, or 72 cents/diluted share, came from discontinued operations related principally to the gains from assets sales, that offset impairment charges from assets held for sale.

August 7, 2006

Sempra 2Q Profit Triples on $1.3B Asset Sales

Including discontinued operations, San Diego-based Sempra Energy Thursday reported second quarter net income of $373 million, or $1.43/diluted share, tripling the results for the same quarter last year ($121 million, or 48 cents/diluted share). The utility holding company said $188 million, or 72 cents/diluted share, came from discontinued operations related principally to the gains from assets sales, that offset impairment charges from assets held for sale.

August 4, 2006

Analysts: Upstream M&A Booming Despite High Valuations

Upstream merger and acquisition activity is booming, with 2005 spending on corporate acquisitions more than tripling to $120 billion as the corporate deal count rose 40% year-over-year, according to John S. Herold and Harrison Lovegrove & Co. Ltd.

April 3, 2006

Analysts: Upstream M&A Booming, But North American Share Declines

Upstream merger and acquisition activity is booming, with 2005 spending on corporate acquisitions more than tripling to $120 billion as the corporate deal count rose 40% year-over-year, according to John S. Herold and Harrison Lovegrove & Co. Ltd.

March 30, 2006

Avista Asks for Gas Cost Rate Hike in Oregon

With wholesale prices tripling over the past four years, and the prospect for $8 natural gas, Spokane, WA-based Avista Corp. announced Tuesday it has filed with the Oregon Public Utility Commission for a $18.9 million natural gas rate hike to cover increased wholesale fuel prices. Avista is seeking the rate hike effective Oct. 1, which would mean an average 18% jump for its 90,000 gas distribution utility customers in the state.

August 17, 2005

Sempra Generation Plans 600 MW Expansion for Existing Texas Plant

Sempra Generation last Tuesday announced plans to develop and construct a 600 MW expansion of its Twin Oaks Power plant near Bremond, TX, tripling the plant’s 305 MW total capacity to 900 MW.

July 25, 2005
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