Exxon narrowly beats, but production falls short

Posted by Reuters: Business News on January 31, 2012

(Reuters) – Exxon Mobil Corp reported quarterly earnings that narrowly beat expectations, on higher oil prices and asset sales of about $1 billion, but the company’s shares dropped nearly 2 percent as its oil and gas production fell short of estimates.

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Chevron profit falls as refineries, output suffer

Posted by Reuters: Business News on January 27, 2012

(Reuters) – Chevron Corp reported lower quarterly earnings on Friday as rising spending on oil and gas projects and losses at its refinery business offset gains from higher crude oil prices.

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Apache to pay $2.85 billion for privately held Cordillera

Posted by Reuters: Business News on January 23, 2012

(Reuters) – Oil and gas producer Apache Corp will buy privately held Cordillera Energy Partners III for $2.85 billion in cash and stock, expanding its holdings in one of the most lucrative emerging oil and gas fields in the United States.

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Apache to pay $2.8 billion for Anadarko basin acreage

Posted by Reuters: Business News on

(Reuters) – Oil and gas producer Apache Corp will buy privately held Cordillera Energy Partners III in a cash-and-stock deal worth $2.85 billion, part of a plan to expand its holdings of energy-rich reserves in the Midwestern United States.

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Apache to buy Cordillera Energy for $2.85 billion

Posted by Reuters: Business News on

(Reuters) – U.S. gas producer Apache is to buy privately owned oil and gas company Cordillera Energy Partners III in a cash-and-stock deal valued at $2.85 billion to expand its acreage of oil and petroleum liquid fields.

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Texas Energy Company Completes Reverse Merger

Posted by admin on January 17, 2012

Dallas-based oil and gas exploration firm Petron Energy II has completed a reverse merger using a sh…
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Sun River Denies It's Past Due on Loan

Posted by The PIPEs Report on

Sun River Energy (SNVR), an oil and gas company under investigation for alleged stock manipulation, …
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Delta Petroleum Files For Chapter 11 After Natural Gas Declines Hurt Liquidity

Posted by The Distressed Debt Report on December 16, 2011

Delta Petroleum, a Denver-based oil and gas production company, filed for Chapter 11 bankruptcy afte…
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Tethys Petroleum Raising $13.1M from Investors Including Insiders to Fund Purchase of Stake in Joint Venture

Posted by The PIPEs Report on November 29, 2011

Tethys Petroleum, an oil and gas producer with assets in Central Asia, is raising $13.1 million from…
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Sun River Energy Pitches Investors on $39M to Fund Drilling Budget for 2012

Posted by The PIPEs Report on November 28, 2011

Oil and gas producer Sun River Energy has recently been trying to raise $39 million to fund its dril…
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