Latest Permian Stories

DALLAS, May 21, 2013 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today announced a correction to the capital expenditures dollar amount reported in the May cash distribution announcement on May 20, 2013. The correct amount for the capital expenditures is approximately $1,859,173. This number reflects what was net to the Trust. Permian's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made...

NEW CANAAN, Conn., May 13, 2013 /PRNewswire/ -- Unimin Corporation announced today the opening of its newest proppant distribution terminal in Lubbock, TX. Strategically located between Fort Worth, TX and Hobbs, NM, the facility is ideally situated to serve hydraulic fracturing operations in the North Permian basin and northern sections of the Cline shale. Unimin's Lubbock terminal is served by two class 1 railroads via the Plainsman Short Line Railroad, and is easily accessed by...

Lawrence LeBlond for redOrbit.com - Your Universe Online First mentioned in two dialogues (Timaeus and Critias) by Plato in 360 BC, the legendary island of Atlantis has long been sought by historians, archaeologists, and explorers alike. Said to have originally existed between South America and Africa, this sunken island has been searched for in no less than dozens of locations worldwide, from Bimini to the Black Sea. In a new twist, a team of scientists from Brazil and Japan say they...

- Average net production of 11,633 Boe per day for the quarter; pro forma for the recently completed "Gardendale" acquisition net production was 13,556 Boe per day - DENVER, May 6, 2013 /PRNewswire/ -- Resolute Energy Corporation ("Resolute" or the "Company") (NYSE: REN) today reported first quarter financial and operating results for the quarter ended March 31, 2013. Highlights include the following: Increased total Company production in the first quarter to 11,633...

April Flowers for redOrbit.com - Your Universe Online Approximately 252 million years ago, during the world’s largest mass extinction event, nine out of ten species vanished from the planet. Based on fossil records from sites in South Africa and southwest Russia, many scientists have long thought the predecessors of dinosaurs largely missed the race to fill habitat niches that were emptied during this event. However, according to an international team of scientists, it turns out they...

April Flowers for redOrbit.com - Your Universe Online In a new report, a multinational research team details the recovery of a fossil marine predator. The animal, which measured about 28 feet in length, was recovered from the Nevada desert in 2010. This fossil, found in what is today a remote mountain range, represents the first top predator in marine food chains feeding on prey similar to its own size. A major portion of the animal was preserved, including the skull, parts of the fins,...

DENVER, Dec. 28, 2012 /PRNewswire/ -- Resolute Energy Corporation ("Resolute" or the "Company") (NYSE: REN) announced today that it has entered into definitive agreements, and closed an initial transaction, to acquire a 32% working interest in oil assets, including existing production and undeveloped acreage, in the Permian Basin of Texas from private parties for a purchase price of approximately $125 million. In addition, Resolute has acquired, for additional consideration of...

redOrbit Staff & Wire Reports - Your Universe Online While it has long been assumed plant and animal life took a long time to recover following the largest mass extinction to date, researchers from the University of Zurich have discovered new evidence to suggest they may have bounced back sooner than previously believed. The mass extinction in question took place at the end of the Permian geological period some 252 million years ago, and scientists had long believed it took roughly...

HOUSTON, Dec. 12, 2012 /PRNewswire/ -- Retired Gen. Colin L. Powell, former U.S. Secretary of State, will deliver the keynote luncheon address at Hart Energy's Developing Unconventionals (DUG(TM)) Permian Basin and More conference, April 2-4, at the Fort Worth Convention Center in Fort Worth, Texas. Gen. Powell served as the first African-American chairman of the Joint Chiefs of Staff and was appointed secretary of state by President George W. Bush. A four-star general, his numerous...

DENVER, Dec. 3, 2012 /PRNewswire/ -- Resolute Energy Corporation ("Resolute" or the "Company") (NYSE: REN) announced today that it has entered into a definitive agreement to acquire oil assets, including existing production and undeveloped acreage, in the Permian Basin of Texas and southeast New Mexico from a private party for a purchase price of approximately $120 million. The transaction is expected to close on or about December 21, 2012. The Company expects to finance the...