LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Aug. 31, 2015, the company’s unaudited total assets were approximately $1.8 billion and its unaudited net asset value was $1.1 billion, or $22.50 per share. As of Aug. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior [Read more]
Pioneer Natural Resources to Present at Barclays CEO Energy-Power Conference
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) today announced that Scott Sheffield, Chairman and Chief Executive Officer, will present at Barclays CEO Energy-Power Conference on Tuesday, September 8, 2015 at 1:05 p.m. E.T. Any interested person may listen to the live presentation and view the presentation slides during the conference, or hear an archived version afterwards, by logging on to Pioneer’s website at www.pxd.com, selecting ‘Investors,’ and then selecting [Read more]
Twin Eagle Sand Logistics Breaks Ground on Permian Rail Park near Big Spring, Texas
HOUSTON--(BUSINESS WIRE)--Twin Eagle Sand Logistics, LLC (“Twin Eagle”), a subsidiary of Twin Eagle Resource Management, LLC, is pleased to announce that it has broken ground on the Permian Rail Park. The Permian Rail Park is located on the Union Pacific Railway approximately eight miles west of the city of Big Spring. The 530 acre rail park is Twin Eagle’s fifth terminal development and is centrally located to serve the Eastern side of the Permian Basin. Phase I of the project, which will be [Read more]
Chevron’s 2015 Fuel Your School Program Launches with up to $8.8 Million Available for Education Projects in the U.S.
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron U.S.A. Inc. (NYSE:CVX) today announced the launch of its 2015 Fuel Your School program, an innovative collaboration with DonorsChoose.org to support public education in 21 U.S. communities, with the help of local Chevron and Texaco marketers in five markets. Now in its sixth year, Chevron’s Fuel Your School program will provide up to $8.8 million this fall to help fund classroom supplies and materials, including materials focused on science, [Read more]
ConocoPhillips Safely Delivers First Oil at Surmont 2
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) safely delivered first oil at its Surmont 2 in-situ oil sands facility in Canada, marking a significant milestone for the megaproject. “The oil sands are an important part of our portfolio,” said Ryan Lance, chairman and chief executive officer. “We’re pleased to see a project of this magnitude move from the capital phase to the production phase, knowing that it will produce for decades to come. Achieving this milestone on schedule [Read more]
FTTN: New Federal Push Could Give Strong Boost to Renewable Energy
LAS VEGAS--(BUSINESS WIRE)--With oil prices hovering around $40 per barrel, First Titan Corp. (OTCBB: FTTN) is looking hard at other energy markets in which to invest. One of these – renewable energy – could soon see a flurry of activity after the Obama Administration gave clean power a ringing endorsement. The administration’s Clean Power Plan calls for a new three-pronged energy strategy designed to reduce America’s carbon emissions, which the government says negatively affect the Earth’s [Read more]
Fitch Affirms Devon Energy's Long-Term IDR at 'BBB+'; Outlook Stable
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Devon Energy Corporation's (Devon; NYSE: DVN) Long-term Issuer Default Rating (IDR) at 'BBB+'. The Rating Outlook is Stable. Approximately $9.2 billion of standalone debt is affected by today's rating action, excluding approximately $2.8 billion of EnLink Midstream, LLC (NYSE: ENLC; general partner) and Enlink Midstream Partners, LP (NYSE: ENLK; limited partner) debt. The EnLink debt is consolidated on Devon's balance sheet for accounting [Read more]
Team Oil Tools Consolidates Liner Hanger Manufacturing in Conroe, Texas, Facility
THE WOODLANDS, Texas--(BUSINESS WIRE)--Team Oil Tools, Inc. (“Team”) is consolidating its Bakersfield, California, manufacturing operations with existing facilities in Conroe, Texas. The change involves manufacturing for Team’s Chancellor Oil Tool (“Chancellor”) product line. “This consolidation improves efficiency and streamlines our manufacturing process, while still enabling us to provide a complete product line of Liner Hangers,” said Adam Anderson, Team’s chief executive officer. “The [Read more]
Questar Applies to Add Canyon Creek Acquisition to Wexpro II and Proposes Changes to Wexpro Model
SALT LAKE CITY--(BUSINESS WIRE)--Questar Corporation (NYSE:STR) subsidiary Questar Gas Company (Questar Gas) has submitted an application to the Public Service Commissions of Utah and Wyoming seeking approval to include the recently acquired Canyon Creek property as a Wexpro II development and production asset. In December 2014, Wexpro Company (Wexpro) closed on this $52.7 million acquisition of the remaining 30% ownership interest in natural gas producing properties in the Canyon Creek field, [Read more]
Whiting Petroleum Corporation President and CEO James J. Volker to Present at Barclays CEO Energy-Power Conference
DENVER--(BUSINESS WIRE)--Whiting Petroleum Corporation (NYSE: WLL) today announced that James J. Volker, Whiting’s President and CEO, will present at the Barclays CEO Energy-Power Conference at the Sheraton New York Times Square Hotel in New York City. Mr. Volker’s presentation will begin at 11:05 a.m. Eastern Daylight Time on Wednesday, September 9, 2015. Mr. Volker’s live presentation may be accessed on the Internet by logging onto the following link: [Read more]
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