Post Tagged with: "Oil"
Treaty Energy, Princess Petroleum sign MOU on oil and gas joint venture
Treaty Energy Corp. has signed a memorandum of understanding with Princess Petroleum Ltd. regarding a 50/50 joint venture on the Paradise Concession owned by Treaty Energy. “We are pleased to announce that our Joint Venture Partner on the Princess Concession in Belize, Princess Petroleum Ltd, has signed an MOU to purchase a 50% position in [...]
Eagle Mountain, GMY-FW to sell Eagle Ford Shale properties
GMY-FW LP and Eagle Mountain Resources LLC have retained Energy Spectrum Advisors Inc. to sell certain oil and liquid-rich natural gas non-operated properties in the Eagle Ford Shale trend in Gonzales County, Texas. The package includes an average 3.0% working interest / 2.3% net revenue interest across 17,916 gross / 16,662 net acres. The entire [...]
Chesapeake Energy prices $1.3 billion senior notes offering
Chesapeake Energy Corp. has priced its public offering of $1.3 billion principal amount of senior notes due 2019 at 98.75% of par to yield 7%. The notes will carry an interest rate of 6.775% per annum. The offering was increased from an offering size of $1.0 billion, resulting in net proceeds to the company of [...]
Chesapeake Energy commences $1.0 billion senior notes offering
Chesapeake Energy Corp. has commenced a public offering of $1.0 billion of senior notes due 2019. The notes are being offered pursuant to a shelf registration statement filed August 3, 2010 with the U.S. Securities and Exchange Commission. The company intends to list the notes on the New York Stock Exchange after issuance. Chesapeake Energy [...]
Buckeye Partners subsidiary to acquire liquid petroleum products terminal in New York Harbor
Buckeye Partners LP subsidiary Buckeye Tank Terminals LLC has signed a definitive agreement with Chevron USA Inc. to acquire a marine terminal facility for liquid petroleum products in New York Harbor for $260 million in cash. The facility, which sits on about 250 acres on the Arthur Kill in Perth Amboy, New Jersey, has over [...]
Energen Resources to acquire Wolfberry properties
Energen Corp.’s oil and gas exploration and production subsidiary Energen Resources has signed a purchase and sale agreement to buy a primarily proved undeveloped Wolfberry package from a private seller for $65.8 million, plus standard closing adjustments. The acquisition is expected to close by the end of February and will add some 3,200 net acres [...]
Craft Oil acquires New Jersey-based lubricant distributor
Avoca, Pennsylvania-based Craft Oil Corp., a privately-held oil lubricant and equipment distributor, has acquired Neslo Petroleum Products Inc. for “an undisclosed price.” Neslo Petroleum Products is a lubricant distributor in the state of New Jersey and an authorized distributor for Shell Oil Co. The acquisition will mean the relocation of the current Craft Oil operation [...]
Companies in North Dakota Hiring Like Crazy
Believe it or not, a place exists where companies are hiring like crazy, and you can make $15 an hour serving tacos, $25 an hour waiting tables and $80,000 a year driving trucks. You just have to move to North Dakota. Specifically, to one of the tiny towns surrounding the oil-rich Bakken formation, estimated to [...]
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