StatoilHydro, the second largest natural gas supplier to Europe and Chesapeake Energy Corporation, the largest US natural gas producer, today announced the signature of a strategic agreement to jointly explore unconventional gas opportunities worldwide.
Under these agreements StatoilHydro will initially acquire a 32.5% interest in Chesapeake’s Marcellus shale gas acreage covering 1.8 million net acres (7,300 [...]

Epsilon Energy Ltd., announced that it had purchased 1,000,000 of its Common Shares through a combination of open market and block trades at an average cost of $0.83 per Common Share between October 1, 2008 and November 7, 2008. Under terms of the Normal Course Issuer Bid approved by the Toronto Stock Exchange (”TSX”) on [...]

Metalico, Inc. has realigned and upgraded its Platinum Group Metals management team with the hiring of three veterans in key positions.
Andrew V. Masterman has been named PGM Group president with overall responsibility for Metalico’s precious metal recycling operations. Patricia M. Kennedy manages PGM administration, logistics and operations systems. Stephen B. Halliday takes over as general [...]

Cleveland-Cliffs Inc, an international mining company, announced that it has changed its name to Cliffs Natural Resources Inc. Its ticker symbol will remain the same.
In addition to the name change, the Company also announced the formal adoption of “Cliffs,” the one-word name by which it is commonly known, and introduced a new visual identity, including [...]

Allied Energy, Inc. announced that it has commenced production operations for its developments in Washington and/or Athens Counties, Ohio.
The Humphrey #1 (first well) has been completed for production and turned into the line producing on the 10th of October. Although no assurances can be made, we believe this well could produce in the 70,000 cubic [...]

Alcoa announced today that the Alcoa Board of Directors has elected Kurt Waldo, 53, as Vice President and General Counsel, responsible for leading Alcoa’s global legal team. He had been Deputy General Counsel with responsibility for the antitrust, merger, acquisition and divestiture practice areas.
Alcoa also announced that Jake Siewert, 44, has been named Vice President, [...]

Capital City Energy Group Inc. has announced that its wholly owned subsidiary, Avanti Energy Partners LLC, will complete plans for a five-well natural gas drilling program in the fourth quarter and commence drilling in the first quarter of 2009.
The drilling package will target the Clinton Sandstone in the Appalachian Basin. The Clinton Sandstone is less [...]

The Timken Company is helping Oracle Packaging Co. reduce repair costs by providing a service that enables the damage-free removal and reuse of caster roll shells.
Oracle uses caster rolls and shells at its light-gauge converter foil production facility in Winston-Salem, N.C. Unexpected failures in a caster core, which houses the chilled water passages that keep [...]

Superior Well Services, Inc. announced that it entered into a definitive asset purchase agreement to acquire certain oilfield service assets from Diamondback Holdings, LLC, a privately-owned company. Pursuant to the terms of the agreement, Superior will acquire Diamondback’s pressure pumping, fluid logistics and completion, production and rental tools business lines for $270.0 million in cash, [...]

Atlas Pipeline Partners L.P. reported an update to its hedge positions for certain hydrocarbon volumes that it expects to generate in its Mid-Continent processing operations.
Based on current natural gas liquid (NGL) production, given recently added ethane and propane puts for the second half 2008 and full year 2009 periods, the total value of NGLs hedged [...]