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]
Contango to Present at Upcoming Conference
HOUSTON--(BUSINESS WIRE)--Contango Oil & Gas Company (NYSE MKT: MCF) announced today that the Company will be presenting at the Barclays CEO Energy Conference in New York City, New York on Tuesday, September 8, 2015 at 3:45 p.m. EDT (2:45 p.m. CDT). A live audio webcast of the presentation can be accessed at https://cc.talkpoint.com/barc002/090815a_ae/?entity=26_C2EW0OT or by visiting the Company's website at http://www.contango.com. A copy of the presentation will be available in the "Investor [Read more]
Ares EIF Group to Acquire Van Hook Gathering System from WPX Energy
LOS ANGELES--(BUSINESS WIRE)--Ares Management, L.P. (NYSE:ARES) announced today that a fund managed by its Ares EIF Group has entered into a definitive agreement with WPX Energy (NYSE: WPX) to acquire the Van Hook Gathering System in North Dakota in a transaction valued at $185 million. While the transaction is subject to customary conditions, it is expected to close during the fourth quarter. The acquisition consists of pipeline systems that currently gather approximately 11,000 barrels of [Read more]
National Oilwell Varco Appoints Jose A. Bayardo as Senior Vice President & Chief Financial Officer
HOUSTON--(BUSINESS WIRE)--National Oilwell Varco, Inc. (NYSE: NOV) announced today that Jose A. Bayardo has been named Senior Vice President and Chief Financial Officer of National Oilwell Varco, effective August 28, 2015. Mr. Bayardo succeeds Scott K. Duff, Interim Chief Financial Officer. Prior to joining National Oilwell Varco, Mr. Bayardo, age 43, served as Senior Vice President, Resource and Business Development at Continental Resources, Inc. Prior to Continental, Mr. Bayardo spent nine [Read more]
ConocoPhillips to Present at the Barclay’s CEO Energy-Power Conference
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that Ryan Lance, chairman and CEO, will speak at the Barclays CEO Energy-Power Conference in New York City on Wednesday, Sept. 9 at 9:45 a.m. EDT. This presentation will include an overview of the company’s business strategy and financial priorities. A live audio webcast of the presentation can be accessed at www.conocophillips.com/investor. An archived replay, presentation slides and a transcript of the webcast will be [Read more]
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