Moody’s Confirms Nexen’s Investment Grade Credit Rating

Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund... 

Enhanced Oil Resources Inc. Provides 2011 Activity Update

Enhanced Oil Resources Inc. is pleased to provide the following update regarding the Company’s proposed activity for 2011. The Company had previously announced on December 22nd 2010 that it had completed a $25 Million bank credit facility with Regions Bank. The credit facility capped a year where the Company produced four straight quarters of... 

Enhanced Oil Resources Inc. Announces New US $25 Million Bank Credit Facility with Regions Bank.

Enhanced Oil Resources Inc. today announced that two of its wholly-owned U.S. subsidiaries have executed a reducing revolving Credit Facility with Regions Bank, Houston, Texas providing for up to US $25,000,000 in development financing for its oil and gas properties located in New Mexico. The new Credit Facility provides an initial borrowing base of... 

Dresser-Rand Invests In the Development of Game-Changing Compressor Technology Focused on Green Energy

Dresser-Rand Group Inc. announced that Dresser-Rand has made an investment in Ramgen Power Systems, LLC, and further expects to support Ramgen’s ongoing development work. Dresser-Rand’s funding will help satisfy Ramgen’s requirement with the Department of Energy’s National Energy Technology Lab to obtain private matching funds... 

NEMI and Aviva to merge, creating a growth-oriented international coal and energy business.

NEMI Northern Energy & Mining Inc. and Aviva Corporation announce that they have entered into a merger implementation agreement to combine the businesses of the two companies to create a new growth-oriented international coal and energy group. The combined entity will provide investors with exposure to operating and development stage assets across... 

Enhanced Oil Resources, Inc. Announces Bolt-on Acquisition. Provides Update on Milnesand Pilot Flood, CO2 Contracts and Liquidity

Enhanced Oil Resources Inc. announced the Company has completed the acquisition of approximately 1900 acres of productive land adjacent to the Milnesand San Andres Unit currently 100% owned by the Company. The acquisition covers the southern limits of the Milnesand San Andres Oilfield and will be a logical later stage step-out to the Milnesand CO2 pilot... 

Ferus announces new northern CO(2) facility

Ferus Inc. is pleased to announce that it is constructing a new state-of-the-art carbon dioxide (“CO(2)”) liquefaction plant in Fort Saskatchewan, Alberta. The facility’s location in north-central Alberta will enable Ferus to efficiently deliver liquid CO(2) to developing energy resource plays in north-western Alberta and north-eastern... 

Emergency Stabilization Act Includes Incentives for Rentech and Other Alternative Energy Producers

Rentech, Inc. announced that the Company believes the enactment of the Emergency Stabilization Act is a positive step toward creating financial stability in the marketplace. The inclusion of several tax provisions in the Act will greatly benefit Rentech’s efforts in domestic alternative fuels production. Rentech has a commercial pipeline of both biomass... 

Soil Safe and Lake Capital Partner to Grow Leading Environmental Services Provider

Soil Safe, Inc., a leading environmental services company providing soil processing and remediation solutions to clients in the infrastructure, commercial, and industrial construction markets, today announced that it has partnered with and received a strategic investment from Lake Capital, a private equity firm that invests exclusively in service-based... 

Rosetta Resources Inc. Announces Record Second Quarter 2008 Production and Revenues and Provides Operational Update

Rosetta Resources Inc. announced financial and operating results for the second quarter 2008. Highlights include: * Natural gas and crude oil production of 155 MMcfe/d, up 29 percent over the same period in 2007 * Revenues of $154.5 million, an increase of 78 percent from second quarter 2007 * Earnings of $39.3 million or $0.77 per...