DALLAS–(BUSINESS WIRE)–Pioneer Natural Resources Company (NYSE:PXD - News) today announced financial and operating results for the quarter and year ended December 31, 2009.
Pioneer reported fourth quarter net income attributable to common stockholders of $57 million, or $.48 per diluted share. Net income included a noncash unrealized loss on commodity derivatives of $38 million after tax, [...]
NATCHEZ, Miss.–(BUSINESS WIRE)–Callon Petroleum Company (NYSE: CPE - News) today announced details regarding its strategy shift to diversify its asset base to onshore in order to increase visible growth potential, including a 2010 capital budget of $61.7 million and its first acquisition in the North Louisiana Haynesville Shale play.
“We’ve been working on this strategy shift [...]
HOUSTON, TX–(Marketwire - 01/25/10) - ThruBit LLC announced today the proof of cost savings and successful deployment of its Surelog? open hole logging tools, on series of difficult wellbores in South Texas using its proprietary through-the-bit memory logging system. Significant AFE savings has been generated using the ThruBit? (TBL?) conveyance method of through-the-bit in difficult [...]
HOUSTON–(BUSINESS WIRE)–Halliburton (NYSE:HAL - News) announced today that it will present at the 2010 Credit Suisse Energy Summit on Wednesday, February 3, 2010, at 9:45 a.m. Central Time (8:45 a.m. Mountain Time).
Interested parties may listen to the presentation live over the Internet by accessing the link to the web cast at www.halliburton.com. Please go to [...]
By HASSAN HAFIDH
A consortium led by Exxon Mobil Corp. and Royal Dutch Shell PLC accepted contract amendments made by the Iraqi government to develop an oil field in southern Iraq, a senior Ministry of Oil official said.
“They have accepted the changes, and we are finalizing the deal with them on Jan. 25,” Abdul Mahdy al-Ameedi, [...]
Glen Rose Petroleum Corporation (Nasdaq:GLRP - News), Dallas, Texas, reports that on January 7, 2010, it was notified via letter from NASDAQ that it was in violation of NASDAQ Marketplace Rule 5505 in that its bid price was below the required listing standard and that its securities will be delisted from NASDAQ on January 18, [...]
Alon Refining Krotz Springs, Inc. (the “Company”) announced today that it has commenced an exchange offer (the “Exchange Offer”) to exchange up to $216.5 million in aggregate principal amount of its 13 1/2% Senior Secured Notes due 2014 (the “Exchange Notes”) that have been registered under the Securities Act of 1933, as amended (the “Securities [...]
OKLAHOMA CITY, Dec. 22 /PRNewswire-FirstCall/ –Devon Energy Corporation (NYSE: DVN) today announced it has agreed to sell its interests in three Lower Tertiary development projects in the Gulf of Mexico to Maersk Oil for $1.3 billion. The agreement covers Devon’s 50-percent working interest in the Cascade project and its 25-percent working interests in the Jack [...]
Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Lucas Energy, Inc.
Lucas Energy, Inc. (NYSE Amex: LEI) is an independent oil and gas company based in Houston, Texas with approximately 15,000 gross (12,000 net) acres of oil and gas leases in South Texas, primarily in the Gonzales County, Texas area. [...]
Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that it closed the previously announced sale of the remainder of its Permian Basin properties in West Texas and New Mexico for approximately $800 million to SandRidge Exploration and Production, LLC, a wholly-owned subsidiary of SandRidge Energy, Inc. (NYSE:SD), subject to customary post-closing purchase price [...]
