Crosstex Completes Sale of Seminole Gas Processing Plant and Another Asset for $105.0 Million; Amends Debt Covenants

Crosstex Energy, L.P. announced that it continues to execute its near-term operating strategy to increase liquidity, reduce leverage and improve profitability. The Partnership has completed the sale of its undivided 12.4 percent interest in the Seminole gas processing plant to plant operator Hess Corporation for $85.0 million. In addition to the Seminole... 

Quorum Signs Two Additional Clients on Pipeline Transaction Management Software

Quorum Business Solutions, Inc. , a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that two natural gas pipeline operators have entered into agreements to implement Quorum Pipeline Transaction Management (QPTM) to manage their pipeline operations. With this, QPTM now manages... 

V. James Sardo Named Chairman of Board of Directors of SonnenEnergy Corp.

SonnenEnergy Corp., a leading photovoltaic solar power systems integrator and solar power producer, is pleased to announce that V. James Sardo has been named Chairman of the SonnenEnergy Board of Directors. Mr. Sardo succeeds Jeff Dennis, who will continue as director of SonnenEnergy and in his role as SonnenEnergy’s President and Chief Executive... 

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4th Annual World Usability Day Launches the Global Transport Challenge

On November 13, 2008, towns and cities around the world will focus on a common global concern — transportation usability and its impact on our environment. World Usability Day 2008 will launch the Global Transport Challenge at www.worldusabilityday.org to help individuals measure their everyday travel usage; monitor their carbon travel footprint... 

Commerce Energy Sells Texas Retail Electric Business for $14.8 Million

Commerce Energy Group, Inc. said that its principal operating subsidiary, Commerce Energy, Inc., sold all of its retail electric service contracts in Texas to Ambit Energy, LP (Ambit), for an estimated $14.8 million. The purchase price includes $8.5 million in cash received on closing, a second payment of $2.7 million, reduced by customer deposits and... 

Triple Diamond Energy Corp. Constructs Pipeline From Hoover Field In Oklahoma To Point Of Purchase

Triple Diamond Energy Corp. (TDEC), an independent Texas based oil and gas exploration company, announces they have constructed a natural gas pipeline from the Hoover Field located in Garvin County to the point of purchase. This pipeline will move natural gas from TDEC’s well to the larger Midstream LP pipeline, formerly owned by Duke Energy. “The... 

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BP Announces Full Commercial Operation of Wind Farm in Texas

BP Wind Energy announced full commercial operation of phase I of the Sherbino Wind Farm in Pecos County, west Texas. The first 150 megawatts (MW) of the project, which has a potential capacity of 750 MW, has been built through a 50-50 joint venture agreement with Padoma Wind Power LLC, a wholly owned subsidiary of NRG Energy, Inc. Phase I of the project... 

Gulf Publishing Company’s Women’s Global Leadership Conference to Address Key Issues Facing the Energy Industry

On November 13 and 14, Gulf Publishing Company will host over 1,000 businesswomen, executives and industry leaders from top energy companies worldwide for the Fourth Annual Women’s Global Leadership Conference in Energy & Technology at the Westin Galleria in Houston. This two-day event is devoted exclusively to providing a forum for women... 

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Panda Ethanol Restructures Funding Arrangements for Hereford, Texas Facility

Panda Ethanol Inc. announced that it has successfully restructured the funding arrangements on the company’s 115-million gallon-per-year, biomass-fueled ethanol refinery, located in Hereford, Texas. The restructuring was made with the support of the project’s senior and subordinated lenders and will allow for the completion of construction... 

Crosstex Energy Provides Operational Assessment of Texas and Louisiana Facilities after Hurricane Ike

Crosstex Energy, L.P. announced that the majority of its assets in Texas and Louisiana sustained minimal physical damage as a result of Hurricane Ike. Most of the Partnership’s facilities along the Gulf Coast are resuming or have resumed operations. However, the Sabine plant, because of its proximity to the Louisiana Gulf coast, sustained some damage...