El Paso Corporation announced the California Public Utilities Commission (CPUC) has given final approval to Pacific Gas and Electric Company (PG&E) to proceed with an agreement announced last year to obtain 375,000 dekatherms per day of capacity on the Ruby Pipeline for the delivery of natural gas to PG&E’s gas and electric customers.
The unanimous CPUC [...]
Delta Petroleum Corporation, an independent oil and gas exploration and development company, announced that it has received commitments from its expanded bank group for a new $590 million revolving credit facility (the “credit facility”) with an initial borrowing base of $295 million, an increase from the previous borrowing base of $250 million. The increase to [...]
Teton Energy Corporation and the other working interest owners at the Goliath Prospect (American Oil & Gas, Inc. (50%), Sundance Energy Australia Limited (5%) and privately held Evertson Energy Partners LLC (20%) have signed a participation agreement with Red Technology Alliance LLC (”RTA”), which gives RTA the option to fund 100% of the drilling, completion [...]
Delta Petroleum Corporation, an independent oil and gas exploration and development company, announced that it has signed agreements for two separate transactions in the Columbia River Basin of Washington and Oregon. The first is a transaction with EnCana USA, Inc., through which Delta has acquired all of EnCana’s net leasehold position and interest in wells [...]
JED Oil Inc. announces that on September 15, 2008 the Court of Queen’s Bench of Alberta, Judicial District of Calgary, granted an extension for 90 days to December 15, 2008 of the Company’s Order of creditor protection under the Companies’ Creditors Arrangement Act, which was originally granted on August 13, 2008. The Court also granted [...]
Continental Resources, Inc. announced that it has recently added 36,000 net acres to its holdings in North Dakota Bakken, including 32,000 net acres in Mercer County, adjacent to other Continental acreage. The Company’s total acreage position is now 577,000 net acres in the Bakken shale play of North Dakota and Montana.
The Company also announced [...]
Paramax Resources Ltd. announce that it has closed the previously announced acquisition of a 50% interest in approximately 90,000 acres of land in the Rocky Mountain gas basin in Idaho and Oregon (the “Shale Gas Asset”) from an arm’s length party (the “Acquisition”). Paramax acquired the interest in the land for a cash consideration of [...]
JED Oil Inc. announces that on August 8, 2008 the Court of Queen’s Bench of Alberta, Judicial District of Calgary, granted an adjournment of the hearing on the previously announced application by a group of the Company’s trade creditors requesting an Order declaring that the Company and its wholly-owned subsidiary, JED Production Inc., be placed [...]
Oilfield services provider Superior Well Services Inc told the press on friday that the company has bought Nuex Wireline Inc. for about $6 million in cash.
Nuex specializes in cased-hole completion, which involves preparing a path for oil to flow from surrounding rock into production tubing for extraction.
The assets include 5 cased hole trucks, various tools [...]
Superior Well Services, Inc told the press about the latest news saying that it purchased substantially all of the operating assets of Nuex Wireline, Inc. (”Nuex”) for approximately $6.0 million in cash. Nuex provides cased hole completion services. The operating assets include 5 cased hole trucks and various tools and logging systems that are compatible [...]
