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Latest energy crisis Stories

2011-02-10 07:00:00

HUNTSVILLE, Tenn., Feb. 10, 2011 /PRNewswire/ -- Miller Petroleum, Inc. dba Miller Energy Resources ("Miller") (Nasdaq: MILL) a high growth oil and natural gas exploration, production and drilling company announced today that it has received a tax credit payment of over $2 million from the State of Alaska. The passage and codification of Alaska Senate Bill 309 and House Bill 280 last year allows Miller to recover up to 40% of drilling and exploration costs for Alaska energy projects through...

2011-02-10 06:35:00

HOUSTON, Feb. 10, 2011 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) announced today its 2011 capital program and guidance. The Company's total capital program is estimated at $2.7 billion, with investment split relatively evenly between the United States and international operations. Approximately 42 percent of the program is going toward major project investments, 18 percent for exploration and appraisal activities, and the remaining 40 percent for ongoing maintenance and near-term...

2011-02-02 13:24:00

HOUSTON, Feb. 2, 2011 /PRNewswire/ -- Platinum Energy Resources, Inc. ("Platinum Energy") (PGRI.PK), today announced that it has received a ruling in Robert L. Kovar v. Platinum Energy Resources, Inc. Judge Peeples, the presiding judge in the case, ruled in favor of Platinum Energy denying Mr. Kovar's claim for breach of his employment agreement and concluding that Mr. Kovar did not have "good reason" to terminate his employment with Platinum Energy. About Platinum Energy Platinum, based...

2011-01-20 00:00:53

Proper Power & Energy, an oil exploration and production company, was formed in 2006. Their research and testing methods are paving the way to locating sites that offer high returns when it comes to oil and gas productivity. Because of this work, they are paving the way for a future that looks brighter when it comes to the valuable natural resources needed in our society. This has led to some very hopeful prospects with the 11,000 acre site in Utah which may be able to potentially hold...

2010-12-16 06:15:00

TORONTO, Dec. 15 /PRNewswire/ - Alange Energy Corp. (TSXV: ALE) announced today that it has confirmed a heavy oil discovery in the Topoyaco-2 exploration well, which tested net 310 barrels per day of 10.5 degrees API oil with 20% BS&W, completed with an electro-submersible pump (ESP). The Topoyaco-2 well was drilled to explore Prospect C, with prospective resources certified by Petrotech Engineering Ltd. in its report dated effective April 30, 2010 of 19.26 MMbbl (best estimate)....

2010-11-30 15:08:46

An overlooked cause of the economic recession in the U.S. is a decade long decline in the quality of the nation's energy supply, often measured as the amount of energy we get out for a given energy input, says energy expert Carey King of The University of Texas at Austin. Many economists have pointed to a bursting real estate bubble as the initial trigger for the current recession, which in turn caused global investments in U.S. real estate to turn sour and drag down the global economy. King...

2010-11-12 15:10:00

KNOXVILLE, Tenn., Nov. 12, 2010 /PRNewswire-FirstCall/ -- Tengasco, Inc. (NYSE Amex: TGC) announced today its financial results for the quarter ended September 30, 2010. The Company also filed today with the SEC its report on Form 10-Q for the quarter ended September 30, 2010. The Company recognized $3.3 million in revenues during the third quarter of 2010 compared to $2.6 million in the third quarter of 2009, a 27% increase over the prior period. The increase in third quarter 2010...

2010-11-04 06:29:00

HOUSTON, Nov. 4, 2010 /PRNewswire-FirstCall/ -- Ultra Petroleum Corp. (NYSE: UPL) continued to deliver strong financial and operating performance for the three months and nine months ended September 30, 2010. Highlights for the quarter include: Operating cash flow(2) of $198.7 million for the quarter ended September 30, 2010, an increase of 15 percent from the same quarter a year ago Earnings of $91.9 million in the third quarter of 2010, or $0.60 per diluted share - adjusted(3), an...

2010-11-03 06:45:00

LAFAYETTE, La., Oct. 20 /PRNewswire-FirstCall/ -- In conjunction with PetroQuest Energy's (NYSE: PQ) release of its third quarter 2010 financial results, you are invited to listen to its conference call with management that will be broadcast live over the Internet on Wednesday, November 3, 2010 at 9:30 a.m. Eastern time. The Company will release its results before the market opens on November 3. What: PetroQuest Energy Third Quarter 2010 Financial Results When:...

2010-11-01 15:14:00

FRISCO, Texas, Nov. 1, 2010 /PRNewswire-FirstCall/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months and nine months ended September 30, 2010. Financial Results for the Three Months and Nine Months Ended September 30, 2010 Comstock reported a net loss of $4.7 million or 10 cents per diluted share for the three months ended September 30, 2010 as compared to a net loss of $12.6 million or 28 cents per...


Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
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