Archive for August, 2008

Exterran Holdings buys EMIT Water Discharge Technology for $108 million

Saturday, August 2nd, 2008

Oil and gas industry services company Exterran Holdings Inc. has recently told the press that the company it bought EMIT Water Discharge Technology LLC for $108 million. Based in Sheridan, Wyo., EMIT provides water management and other services to the coal bed methane industry. The company removed salts and other dissolved solids from water generated... readmore

Atlas Pipeline Partners loss widens in 2nd quarter on termination of oil derivative contracts

Saturday, August 2nd, 2008

Natural gas company Atlas Pipeline Partners LP has recently told the press that it posted a dramatically wider loss in the second quarter, after it terminated about 85 percent of its crude oil derivative contracts that it used as hedges. Atlas Pipeline said Thursday that it recognized a loss after paying preferred dividends of $279.3 million, or $7.16... readmore

Bronco Drilling Company, Inc: Merger with Allis Chalmers

Saturday, August 2nd, 2008

Bronco Drilling Company, Inc, has recently updated that that Glass Lewis & Co., a leading proxy advisory firm, has recommended that Bronco stockholders vote FOR the merger with Allis-Chalmers Energy Inc. (NYSE: ALY – News) (“Allis-Chalmers”) at Bronco’s Special Meeting of Stockholders scheduled for August 14, 2008. In making its recommendation,... readmore

Exterran Holdings, Inc. to Acquire EMIT Water Discharge Technology, LLC

Saturday, August 2nd, 2008

Exterran Holdings, Inc. has recently posted a report saying that it has acquired EMIT Water Discharge Technology, LLC (“EMIT”), a leading provider of contract water management and processing services to the coal bed methane industry, for approximately $108 million, subject to certain post-closing adjustments to be determined. Based in Sheridan,... readmore

Zion Oil & Gas, Inc. and Aladdin Middle East Agree to Defer Signing Drilling Contract

Saturday, August 2nd, 2008

Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel has recently reported that Aladdin Middle East (“AME”) and Zion have amended their June 18 protocol to extend to September 1, 2008 the date by which they are to sign a drilling contract. The extension is necessary due to delays encountered in preparing and filing applications... readmore

Smith International, Inc. on the Extension of W-H Energy Exchange Offer

Saturday, August 2nd, 2008

Smith International, Inc. and W-H Energy Services, Inc. told the press that the expiration date of the exchange offer to acquire the outstanding shares of W-H has been extended until 12:00 midnight, Eastern time, at the end of Friday, August 8, 2008, unless extended further. Based on a preliminary count by the exchange agent for the exchange offer there... readmore

Gastar Exploration Ltd. on Hot property

Saturday, August 2nd, 2008

Gastar Exploration Ltd.’s neighborhood’s beautiful day, The post-person delivers, dogs bark, the sun sparkles and the coal beds are full of methane. Not only that, the next-door neighbors find a fortune under their backyard patio. Like the realtors say: location, location, location. Gastar, a natural gas explorer and producer operating onshore... readmore

State-controlled StatoilHydro ASA: profits up 37 percent

Saturday, August 2nd, 2008

State-controlled StatoilHydro ASA has recently told the press that a 37 percent rise in second-quarter profit Friday because of an increase in oil and gas prices and higher production. The company, based in the western Norwegian city of Stavanger, said profit for the April to June period came to 18.77 billion kroner ($3.7 billion), up sharply from 13.71... readmore

Rowan Companies, Inc.:10 Cents Quarterly Dividend

Saturday, August 2nd, 2008

Rowan Companies, Inc. has lately published a report saying that its Board of Directors has declared a cash dividend of 10¢ per share of Common Stock payable on August 29, 2008 to shareholders of record on August 14, 2008. Rowan Companies, Inc. is a major provider of international and domestic offshore contract drilling services. The Company also owns... readmore

BreitBurn Energy Partners L.P Increased Cash Distribution

Saturday, August 2nd, 2008

BreitBurn Energy Partners L.P told the press that a cash distribution of $0.52 per unit for the second quarter 2008, or $2.08 per unit on an annualized basis, for all of its outstanding units, which will be payable on August 14th, 2008 to the record holders of common units at the close of business on August 11th, 2008. BreitBurn Energy Partners L.P.... readmore