Orbit Petroleum announces that effective October 20th, 2008 the Board of Directors has named Mike Myers as President of Orbit Petroleum, Inc. and President of the Company’s wholly owned subsidiary, Orbit Petroleum, Inc., Oklahoma, which is currently under a petition for reorganization under Chapter 11 of the United States Bankruptcy Code in Federal Court in [...]
Chesapeake Energy Corporation announced its wholly-owned subsidiary, Chesapeake Energy Marketing, Inc., has entered into a ten-year agreement for firm transportation of 375 million cubic feet (mmcf) per day of natural gas and an option to transport an additional 125 mmcf per day on the Fayetteville Express Pipeline, a new 42-inch, 187-mile pipeline system to be [...]
Devon Energy Corporation announced today that it has received regulatory approval for the company’s second oil sands project in Canada. Construction of the 100 percent Devon-owned Jackfish 2 project will begin immediately.
Once fully operational in 2012, Jackfish 2 will produce about 35,000 barrels of oil per day through a recovery method known as Steam Assisted [...]
Gulfport Energy Corporation reports that after inspection of its West Cote Blanche Bay facilities by Company operations personnel, the facilities appear to be intact with no structural or other major damage from Hurricane Gustav. The field is ready to begin startup operations; however, the exact timing of the restart of production will be determined primarily [...]
Chesapeake Energy Corporation and BP America announced the execution of a Letter of Intent for a joint venture whereby BP will acquire a 25% interest in Chesapeake’s Fayetteville Shale assets in Arkansas for $1.9 billion. The assets have current daily net production of approximately 180 million cubic feet of natural gas equivalent and include approximately [...]
Chesapeake Energy Corporation announced that it has closed the sale of its Arkoma Basin Woodford Shale assets to BP America Inc. for approximately $1.7 billion in cash.
Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “We are pleased to announce the completion of the sale of our Arkoma Woodford properties to BP. This transaction was an [...]
EnDevCo, Inc., the Energy Development Company, announce that it has executed an oil sale and purchase agreement with a major United States oil company. EnDevCo has agreed to sell and deliver crude oil and/or condensate produced from the Company’s Short Junction Field in Cleveland County, Oklahoma. Under the terms of the agreement, EnDevCo will receive [...]
Universal Well Site Solutions, a leader in providing wireless technology, hardware, software and total solutions for operators in the coal bed methane (CBM) and unconventional gas industry, announces the firm is moving from Fort Collins, CO to larger offices in Loveland, and will be opening a new office in Gillette, WY this month.
To accommodate growth [...]
It is reported by media that as energy policy quickly emerges as a hot topic of debate on the minds of voters in the 2008 presidential election, the oil and gas exploration industry has been thrust into the spotlight. For better or for worse, this theme will remain dominant for some time to come, and [...]
Crusader Energy Group Inc. told the press that effective on July 18, 2008 it entered into a five-year $250 million second lien term facility with JPMorgan Chase Bank, N.A., as administrative agent. The Second Lien Term Facility replaces our existing $30 million second lien term facility with UnionBanCal Equities, Inc. The Second Lien Term Loan [...]
