COMPELLING MERGER CREATES SCALE AND COMBINES COMPLEMENTARY TECHNOLOGIES, DEVELOPMENT FOCUS AND GLOBAL CUSTOMER AND PRODUCT MIX The Merger will create a premier alternative fuel vehicle and engine company with expanded product and technology portfolio Complementary technologies and expertise, with the combined company conducting business in more than 70 countries Combined company to possess scale and positioning to compete effectively, grow, and deliver strong shareholder returns as markets [Read more]
Western Gas Partners Announces Non-Binding Open Season For Delaware Basin Express Pipeline
HOUSTON, Sept. 1, 2015 /PRNewswire/ -- Western Gas Partners, LP (NYSE:WES) today announced that its wholly owned subsidiary, Delaware Basin Express, LLC ("DBE"), is holding a non-binding open season to identify interest in a new pipeline project serving portions of Reeves, Loving and Ward Counties, TX. The pipeline will provide transportation service from the tailgate of the Ramsey Gas Processing Plant, located in Northern Reeves County, Texas to the downstream intrastate pipelines located in [Read more]
WellAware Secures Additional $16M in Funding to Expand Oilfield Data Analytics
SAN ANTONIO, Sept. 1, 2015 /PRNewswire/ -- WellAware, the oil and gas industry's only full-stack solution for oilfield production monitoring and optimization, today announced it has raised $16 million in a Series B1 financing. The round of funding was co-led by Mitsui & Co. (U.S.A.), Inc., the subsidiary company of Mitsui & Co., Ltd., one of the world's most diversified and comprehensive trading, investment and service enterprises, and Genscape, Inc., a global provider of real-time data and [Read more]
Alimentation Couche-Tard announces its results for its first quarter of fiscal year 2016
Net earnings of $304.0 million ($0.53 per share on a diluted basis) for the first quarter of fiscal 2016. Excluding non-recurring items for both comparable periods, net earnings for the quarter would have been approximately $299.0 million (unchanged at $0.53 per share on a diluted basis) compared with $276.0 million ($0.48 per share on a diluted basis) for the first quarter of fiscal 2015, an increase of 8.3%. Same-store merchandise revenues up 5.1% in the U.S., 1.3% in Europe and 2.3% in [Read more]
/C O R R E C T I O N from source — Alimentation Couche-Tard inc./
In the news release, Alimentation Couche-Tard announces its results for its first quarter of fiscal year 2016, issued 01-Sep-2015 by Alimentation Couche-Tard inc. over CNW, we are advised by the company that in the first set of bullets, the last bullet should read "On August 1st, 2015..." rather than "On July 31, 2015..." The complete, corrected release follows: Alimentation Couche-Tard announces its results for its first quarter of fiscal year 2016 Net earnings of $304.0 million ($0.53 per [Read more]
Par Petroleum Corporation to Present at the Imperial Capital 9th Annual Global Opportunities Conference
HOUSTON, Sept. 1, 2015 /PRNewswire/ -- Par Petroleum Corporation (NYSE MKT: PARR) ("Par") announced today that its management team will participate at the Imperial Capital 9th Annual Global Opportunities Conference to be held in New York City, September 17, 2015. Joseph Israel, Par's President and Chief Executive Officer, is scheduled to present at 10:30 a.m. Eastern Time on Thursday, September 17, 2015. The accompanying slides will be available on the Investor Relations section of Par's [Read more]
W&T Offshore Announces Sale of its Yellow Rose Field in the Permian Basin of West Texas
HOUSTON, Sept. 1, 2015 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today announced that it has entered into a definitive agreement with Ajax Resources, LLC for the sale of all of its interest in its Yellow Rose field in the Permian Basin. Gross pre-tax proceeds from the transaction are expected to be approximately $376,100,000, subject to customary closing adjustments. W&T also reserved a one to four percent sliding scale overriding royalty interest in the field. The transaction is expected [Read more]
Penn West Announces Further Actions In Response To Current Commodity Price Environment And Updates 2015 Guidance
CALGARY, Sept. 1, 2015 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") announces it has taken the following further actions in response to the current commodity price environment: we will limit our capital expenditures to funds flow from operations by year-end 2015 we will suspend our dividend and reduce board compensation we will significantly reduce our cost structure through a 35% workforce reduction "We continue to take [Read more]
Cenovus completes transaction to purchase rail terminal
Facility ownership strengthens market access CALGARY, Aug. 31, 2015 /PRNewswire/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has closed its previously announced purchase of Canexus Corporation's North American Terminal Operations (NATO), a crude-by-rail trans-loading facility in central Alberta. The acquisition is part of Cenovus's strategy to build a strong portfolio of transportation options to help maximize market access and capture global prices for its oil. The company is [Read more]
Rowan Provides Fleet Contract Status Update
HOUSTON, Aug. 31, 2015 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its report of drilling rig status and contract information has been updated as of August 31, 2015. The report titled "Fleet Status Report" can be found on the Company's website at www.rowan.com. Notable events in the current report include: Rowan Middletown: Awarded three-year extension through August 2018 with Saudi Aramco at a day rate of $69,000. Charles Rowan: Awarded [Read more]
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