April 21, 2008:
Eastern Exploration The Appalachian Basin has a long history of gas and coal production, but much opportunity remains. The U.S. Geological Survey estimates the region has some 75 trillion cubic feet of ...more
April 21, 2008:
Nanes hedge fund targets Vaalco Energy New York-based hedge fund Nanes Delorme Partners I LP and associated entities are urging Vaalco Energy Inc., Houston, (NYSE: EGY) to seek strategic alternatives, including the possible sale of the ...more
April 21, 2008:
People News • Jim Lightner will become Forest Oil Corp., Denver, (NYSE: FST) non-executive chairman following the May retirement of Forrest E. Hoglund. Lightner is on the board and is partner and ...more
April 21, 2008:
M&A News • XTO Energy Inc., Fort Worth, (NYSE: XTO) plans to acquire producing properties and acreage positions from more than 25 undisclosed sellers for a total of approximately $1 billion. In ...more
April 21, 2008:
Other news • Range Resources Corp., Fort Worth, Texas, (RRC) shares could be worth up to $60 more following recent activity on its Appalachian assets, according to Carin Dehne Kiley, E&P analyst ...more
April 21, 2008:
First Reserve to buy CHC Helicopter Private-equity firm First Reserve Corp. plans to acquire global offshore helicopter-service supplier CHC Helicopter Corp., Vancouver, B.C., (NYSE: FLI; Toronto: FLY-A; FLY-B) for an adjusted enterprise value of C$3.7 billion ...more
April 21, 2008:
Anadarko sells down to StatoilHydro for $2.1B Norwegian company StatoilHydro, Oslo, (Oslo: STL) plans to acquire Anadarko Petroleum Corp.’s, Houston, (NYSE: APC) 25% interest in the BP-operated Kaskida Unit in deepwater Gulf of Mexico and its 50% ...more
April 21, 2008:
Venoco to follow through with MLP Venoco Inc., Denver, (NYSE: VQ) has filed to go ahead with an upstream MLP, Venoco Acquisition Co. LP, filing an S-1 to IPO up to 10.56 million units, for approximately ...more
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