Wajax Income Fund announced that its Industrial Components business unit, Kinecor, has agreed to acquire the assets of Weir Process Equipment, a division of Weir Canada Inc. for $25.4 million, subject to post-closing adjustments. The transaction is conditional on approval by the federal Competition Bureau. Closing will occur following receipt of approval which is expected [...]
Allied Energy, Inc. announced today that it has begun drilling its 2nd location in Pawnee County, Oklahoma.
“We expect to reach total depth for the #8-9 Foust in the next couple of days and are confident in the results we have seen thus far in Pawnee County,” said Allied’s President, Steve Stengell.
“Given the present and future [...]
Enbridge Inc. and BP Pipelines Inc. announced they have entered into an agreement to develop a new delivery system to transport Canadian heavy crude oil from Flanagan, Illinois, to Houston and Texas City, Texas, using a combination of existing facilities and new pipeline construction where required.
The new delivery system is expected to be in service [...]
Key Energy Services, Inc. announced that it has agreed to invest approximately $35 million in Geostream Services Group (”Geostream”) in exchange for a fifty percent (50%) equity interest in the company. Geostream, which is headquartered in Moscow, provides drilling and workover services and sub-surface engineering and modeling in the Russian Federation. Key also has the [...]
Allied Energy, Inc. announced that it has successfully drilled the second of six drill-site locations in Southeast Ohio and has again encountered indications of gas in various conventional and nonconventional reservoirs in Washington and Athens Counties.
The Sillaman/Humphrey #1 was drilled to a total reported vertical depth of 4,000 +/- feet with indications of gas in [...]
Empire Energy Corporation International announced that, having just completed the drilling of an oil and gas well at Sealake, Victoria, the Hunt Energy Rig Number 3 has arrived at the Melbourne docks and is being washed down prior to quarantine inspection. Assuming quarantine approval, it is expected that all 32 semi-trailer loads of equipment (including [...]
EnerJex Resources, Inc. announce financial results from its first quarter ended June 30, fiscal 2009. The Company, which first began acquiring oil leases in April 2007, has delivered its first positive income from operations of $24,710. For the three months ended June 30, 2008, oil and natural gas revenues were $1.69 million.
Oil sales volumes on [...]
The Meridian Resource Corporation announced initial production test results on its Davis A-388 No. 1 well, located in Polk County, Texas in the Company’s East Texas Austin Chalk Play. The well was recently tested at gross daily flow rates as high as 19 million cubic feet of natural gas per day (“Mmcf/d”) and 3,200 barrels [...]
