Archive for September, 2014

Encana Buys Athlon Energy for $5.93 Billion in Oil Shift

The $58.50-a-share agreement represents a 25 percent premium to Fort Worth, Texas-based Athlon’s closing price on Sept. 26, Encana said today in a statement. The deal includes the assumption of $1.15 billion in long-term debt. Athlon, whose largest shareholder is private-equity firm Apollo Global Management LLC, produces about 30,000 barrels a day in the Permian Basin […]

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The Secret Goldman Sachs Tapes

Probably most people would agree that the people paid by the U.S. government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system that regulators must have explained to them by the financiers who create it, […]

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REPUBLICANS RISE IN HEARTLAND DEMS FACE SHUTOUT IN OHIO

Republican Joni Ernst has opened up a 6 percentage point lead over Democrat Bruce Braley in Iowa’s closely watched U.S. Senate race, according to a new Des Moines Register Iowa poll. “The ground under Bruce Braley has shifted,” a Register analysis said. The race to replace retiring Sen. Tom Harkin, D-Iowa, has been regarded as too […]

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Four Bakken-like plays emerging across the nation’s midsection

Bounded by the Appalachians to the east and the Rockies to the west, North America’s midsection is a patchwork of shallow crustal basins separated by uplifts, gentle arches and domes. Over hundreds of millions of years of geologic time the basins, covered by shallow seas, filled with sediments that would eventually harbor tremendous stores of […]

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Rosneft and Exxon discover Arctic oil

ussia, viewed by the Obama administration as hostile to U.S. interests, has discovered what may prove to be a vast pool of oil in one of the world’s most remote places with the help of America’s largest energy company. Russia’s state-run OAO Rosneft said a well drilled in the Kara Sea region of the Arctic Ocean withExxon […]

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OIL SHALE IN COLORADO, UTAH AND WYOMING

Bottom line – there is a lot of oil shale in the United States. The United States is home to the largest and most concentrated oil shale deposits in the World. The Department of Energy states that the total oil shale resource in…

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Fracking Sand Among The Best Pure Shale Plays

Total U.S. crude oil production averaged an estimated 8.6 million barrels per day in August, the highest monthly production since July 1986, according to theEnergy Information Administration (EIA). Just a few years ago investors were contemplating the supply constraints facing the petroleum industry, but with the disruptive technology in…

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EXXONMOBIL INCREASES WOLFCAMP POSITION IN PERMIAN BASIN

Exxon Mobil Corp. (NYSE:XOM) has entered into a non-monetary exchange agreement with LINN Energy LLC (NASDAQ: LINE) to add 17,800 net acres in the Permian Basin to its US oil and natural gas portfolio managed by subsidiary XTO Energy Inc. “Our operated-acreage position in the Midland Basin Wolfcamp core is now around 120,000 net acres. We continue to increase drilling activity […]

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Devon using technology to get most out of Cana-Woodford wells

evon Energy Corp. has turned to technology to get the most out of its acreage in western Oklahoma’s Cana-Woodford Shale. Devon essentially had no rigs working in the play at the start of the year, Chief Operating Officer Dave Hager said last week at an industry conference in Houston, but the company’s technical teams have […]

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Athlon Charms Again With Midland Basin Magic

About 15 months since its initial public offering, Fort Worth, TX-based Athlon Energy (ATHL) has continued to win praise from analysts who follow the company. The latest results from a trio of Midland Basin wells brought the…

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