Archive for October, 2014

Obama’s Midterm Loss Record Could Make History

President Barack Obama is about to do what no president has done in the past 50 years: Have two horrible, terrible, awful midterm elections in a row. In fact, Obama is likely to have the worst midterm numbers of any two-term president going back to Democrat Harry S. Truman. Truman lost a total of 83 […]

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Brent Oil Set for Longest Run of Weekly Losses Since ’02

Brent crude headed for a sixth weekly loss, the longest decline since 2002, as OPEC boosted production to a 14-month high amid a global surplus. West Texas Intermediate was on track for its biggest monthly decline in more than two years. Futures fell as much as 1.9 percent in London, bringing October’s drop to about […]

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Exxon Posts Higher Earnings Despite Drop in Production

Exxon Mobil Corp. said its third-quarter earnings edged up 2.5% as higher refining margins and improvements at its refining and marketing segment helped offset lower production. Shares rose 2% premarket as the results topped estimates. In the latest quarter, production dropped 4.7% on an oil-equivalent basis, but Chief Executive Rex Tillerson said the company’s production […]

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U.S. Stocks Surge; Dow Hits Intraday Record

U.S. stocks surged Friday, with the Dow hitting an intraday record high, joining a rally in Asian and European shares that was spurred by the Bank of Japan ’s decision to unexpectedly expand its stimulus measures. Friday’s rally caps a wild month for U.S. stocks. The…

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BHP Puts Fayetteville Shale Gas Assets Up For Sale

LONDON— BHP Billiton PLC has decided to cut its losses on a poorly timed and expensive U.S. shale gas investment by putting its assets in Fayetteville, Ark., up for sale. The Anglo-Australian mining giant said on Monday it would listen to offers for Fayetteville, two years after lower U.S. natural gas prices forced BHP to […]

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Oklahoma legislative committee studies earthquake swarm

Representatives from the Oklahoma Corporation Commission, Oklahoma Geological Survey, governor’s office and other researchers on Tuesday updated a legislative committee on ongoing efforts to better understand the…

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Texas RRC Issues New Regulations on Fracking Disposal Wells

New regulations covering disposal wells from fracking operations go into effect in Texas beginning in November 2014. The new regulations by the Texas Railroad Commission (Texas RRC, or Commission), the state’s regulating entity for…

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Ex-Chesapeake CEO’s new firm buys Texas shale oil assets, plans IPO

(Reuters) – American Energy Partners LP, founded by former Chesapeake Energy Corp chief executive Aubrey McClendon, said on Tuesday its Permian Basin affiliate had bought oil assets in Texas for $726 million and plans an initial public offering soon. American Energy-Permian Basin has since July 31 bought production of 1,400 barrels of oil equivalent per […]

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Anadarko-affiliated partnership to pay $1.5 billion for Permian midstream company

AP – HOUSTON — Western Gas Partners, a partnership formed by Anadarko Petroleum Corp., will pay $1.5 billion cash for Nuevo Midstream, a Houston-based midstream company focused on gathering, processing and moving oil and gas from the Permian Basin. Nuevo Midstream’s assets include a processing plant, a treatment facility, four compression stations and a 275-mile […]

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New Standard Energy – Eagle Ford takes flight

New Standard Energy (NSE) continues to perform beyond our expectations and is delivering genuine value through the drill bit and completions in the Eagle Ford. Near-term newsflow is focused on the next two laterals. Activity in

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