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Latest energy crisis Stories

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...

2010-10-07 11:34:00

ASPO-USA Foresees Dramatic Decline in Oil Production, Calls for Strong Measures to Mitigate Impending Energy Crisis WASHINGTON, Oct. 7 /PRNewswire-USNewswire/ -- The Association for the Study of Peak Oil and Gas (ASPO-USA) asserted today that the world is facing a significant energy crisis, as the rate of oil production cannot keep pace with demand. The world is consuming four barrels of oil for every one discovered, more than 80 million barrels of oil per day. After 150 years of oil...

2010-10-04 15:23:00

***Media Advisory*** WASHINGTON, Oct. 4 /PRNewswire-USNewswire/ -- The following is being released by ASPO USA: What: News conference When: 12:00 p.m., Thursday October 7(th) Where: National Press Club Edward Murrow Room Coverage: Open The Association for the Study of Peak Oil and Gas (ASPO USA) is holding a news conference on the energy crisis and the drastic consequences of shrinking oil supplies on our every day lives, the economy, the environment and the...

2010-09-13 12:24:00

SAN FRANCISCO, Sept. 13 /PRNewswire/ -- California's clean energy and clean air standards could save the average household up to $670 in 2020 if oil and natural gas prices spike, according to a new study by three economists. The U.S. economy has experienced five price shocks in the last 30 years when crude oil prices rose an average of 179% in just one year. This study analyzed how much more Californians would pay if wholesale crude oil and natural gas prices doubled at the start of...

2010-08-23 09:08:00

HUNTSVILLE, Tenn., Aug. 23 /PRNewswire-FirstCall/ -- 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 will present at EnerCom's 2010 Oil & Gas Conference on Thursday, August 26 at 1:30 p.m. Mountain Daylight Time (3:30 p.m. Eastern Daylight Time). The conference is being held at the Westin Tabor Center located at 1672 Lawrence Street in downtown Denver,...