Gulfport Energy Corporation announced that all four tank batteries at its West Cote Blanche Bay (“WCBB”) field were operational as of October 10, 2008. Total company production from October 11 to October 16, 2008 averaged approximately 5,784 barrels of oil equivalent per day (“BOEPD”) as compared to average production of 5,669...
Entergy Corporation indicated that it expects third quarter 2008 as-reported earnings of approximately $2.40 per share and operational earnings of $2.49 per share compared to as-reported and operational results of $2.30 per share in third quarter 2007. As-reported results are prepared in accordance with generally accepted accounting principles and are...
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...
Westar Energy crews are heading east to help E.ON U.S. with power restoration from outages caused by intense winds as remnants of Hurricane Ike pushed through the state. E. ON U.S., based out of Louisville, Ky., owns and operates Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU). Remnants of Ike caused power outages...
Titan Energy Worldwide, Inc., a leader in manufacturing, marketing and servicing of energy generation products and services, announced that the Company’s Sentry 5000(TM) Mobile Utility System was successfully deployed in critical situations after Hurricane Gustav made landfall along the Gulf Coast earlier this month, including operation at the...
Progress Energy is sending more than 800 company and contract workers from the Carolinas and Florida to Texas to assist utilities there with expected damage and power outages from Hurricane Ike. The company’s deployment of 385 employees and 437 contract personnel is larger than deployments made in support of utilities in Louisiana and Texas after...
PetroQuest Energy, Inc. announced today that its initial assessment of its Gulf Coast production facilities has been completed and there is no apparent structural damage to any of the facilities. The timing of the production restoration is contingent upon several factors outside of the Company’s control including pipelines and processing plants...
Entergy Corporation’s Louisiana utilities expect to have power restored to 70 percent of Louisiana customers affected by Hurricane Gustav by Sunday night. Entergy New Orleans, Inc. had restored power to 96 percent of its customers by 11:30 a.m. Sunday. Entergy Gulf Utilities Louisiana, L.L.C. estimated more than 60 percent of Baton Rouge metro...
Entergy Corporation utilities are restoring power to customers affected by Hurricane Gustav at the fastest rate in the company’s history. “We have restored power to more customers in four days than we ever have before. Our restoration rate surpasses that accomplished following either hurricanes Katrina or Rita,” said Randy Helmick,...
ITC Holdings Corp. has sent emergency field crews from its Michigan and Iowa operations to Louisiana to assist with power restoration efforts in the aftermath of Hurricane Gustav. The Gulf Coast storm, which hit Monday, has left more than 1.9 million residents in Louisiana without electricity. More than 90,000 households in neighboring Mississippi are...