TETRA Technologies, Inc. announced today that it will participate in the Pritchard Capital Energize 2011 Conference to be held in San Francisco, California. Stuart M. Brightman, TETRA’s President and Chief Executive Officer, and Joseph M. Abell, TETRA’s Sr. Vice President and Chief Financial Officer, are scheduled to present at the conference on Wednesday, January 5, at 2:00 p.m. PT. Presentation slides will be available on TETRA’s... Read more..
Delta Petroleum Corporation, an independent oil and gas exploration and development company, announced today that it has closed on a new senior secured credit facility with Macquarie Bank Limited (“Macquarie”). As previously announced, the new credit facility is for $100 million, of which $50 million will be initially available to the Company. The $50 million is comprised of a $30 million revolving line of credit (Tranche A) and a $20... Read more..
Mullen Group Ltd. announced today a number of transactions that will expand its fluid handling and hauling capabilities in northern Alberta and northeastern British Columbia. “Acquiring businesses leveraged to fluid hauling and the production services segment of the oil and gas industry has been a strategic focus of the Mullen Group for several years. New drilling techniques and multi-stage fracturing are creating new opportunities associated... Read more..
Lucas Energy, Inc. , an independent oil and gas company, has executed agreements to raise almost $6 million from the sale of approximately 2.5 million units in a registered direct offering at a price of $2.38 per unit, based on the December 23, 2010 closing price. Investors included a select group of institutions and Hall Phoenix Inwood Ltd., an affiliate of Hall Phoenix Energy, LLC. Hall Phoenix Energy is a joint venture partner with Lucas in the... Read more..
Gulf Coast Fractionators, a partnership among ConocoPhillips, Devon Energy Corporation and Targa Resources Partners LP announced plans to expand the capacity of its natural gas liquids fractionation facility located in Mont Belvieu, Texas. The maximum gross fractionation capacity of the facility will be expanded by approximately 42 percent (43,000 barrels per day) to 145,000 barrels per day. Targa Resources Partners owns a 38.8% interest in Gulf Coast... Read more..
Oilsands Quest Inc. announces that it has filed its Form 10-K/A, amended annual report for the fiscal year ended April 30, 2008. In conjunction with the filing of the Form 10-K/A, the Company will be separately refiling, with Canadian securities commissions, its statement of oil and gas information for the year ended April 30, 2008 and the related report of its external qualified resource evaluators and report of the company management and directors... Read more..
Aspen Aerogels has completed delivery of Spaceloft advanced thermal insulation to Technip for a 21-kilometer subsea natural gas pipeline off the coast of Brazil. Technip is building the rigid pipeline for the Brazilian state-run oil company Petrobras. The line will connect the Canapu field (1,700 meters deep) to the Cidade de Vitoria floating production facility (1,400 meters deep). Technip already has installed the Spaceloft insulation on the piping... Read more..
Northern Offshore, Ltd. announced that its subsidiary, Northern Offshore U.K. Ltd., was awarded a contract with Ithaca Energy (UK) Limited (“Ithaca”), a subsidiary of the Canadian independent oil and gas company Ithaca Energy Inc., for the jackup Energy Enhancer. The one well tie back and completion program in the Jacky Field, Inner Moray Firth, is expected to begin mid-March 2009 and run approximately 20 days, excluding mobilization... Read more..
Precision Petroleum Corporation has consummated an agreement with Nitro Petroleum Incorporated as of January 28, 2009 pursuant to its letter of intent for the exploration of oil and gas properties in the Northeastern Province of the Powder River Basin project. Precision Petroleum Corporation is very encouraged with the execution of this agreement due to the relative unexplored nature of the properties with the possible upside potential of finding... Read more..
Tuscany Energy LTD report the successful drilling and completion of a horizontal oil well, in the Dina formation, in the Evesham area of southwestern Saskatchewan. The Tuscany et al. Evesham HZ 2B9-21-4B2-21-39-27 W3 well was drilled to a measured depth of 1467 m (759 m TVD) with a horizontal Dina section of 496 m. The well is currently producing 170 barrels of oil per day. Tuscany is the operator with a 60% working interest. The new Dina well is... Read more..