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Occidental Petroleum (OXY)

Occidental Petroleum Corporation declared a regular quarterly dividend in the amount of $.33 per share payable April 15, 2010 to shareholders of record on March 10, 2010.
At today''s $79.80 stock price the dividend yield is 1.65%.

Feb 12 · 10:01:00 PM
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by Michael Oliveto

ConocoPhillips (COP)

ConocoPhillips declared a regular quarterly dividend in the amount of $.50 per share payable March 1, 2010 to shareholders of record on February 22, 2010.
At today''s $48.67 stock price the dividend yield is 4.11%.

Feb 12 · 9:43:00 PM
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by Michael Oliveto

Range Resources (RRC)

Range Resources will be selling nearly 500,000 acres of oil and natural gas properties primarily in Stark, Portage, Carroll and Tuscarawas counties in Ohio to Houston-based EnerVest Ltd., the largest oil and gas operator in Ohio.
EnerVest will be paying $330 million in the transaction.

Feb 11 · 11:48:00 AM · Source: Ohio.com
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by Michael Oliveto

Noble Energy (NBL)

Ecuador said it may buy a power plant from a unit of the U.S.’s Noble Energy Inc. as the government broadens state control of domestic energy production.
“They have proposed the sale and we are interested,” Borja said in a telephone interview yesterday from Guayaquil, Ecuador. “It will be negotiated.” President Rafael Correa is tightening state control over the nation’s oil, natural gas and electricity production since taking office in 2007. Last month, the government said it began the process to cancel the natural-gas exploration and production contract belonging to Noble Energy’s EDC Ecuador Ltd. unit.

Feb 11 · 11:41:00 AM · Source: Business Week
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by Michael Oliveto

FMC Technologies (FTI)

FMC Technologies announced today that it has signed a multi-year frame agreement with Cobalt International Energy to provide subsea systems, including production trees, manifold hardware and distribution systems.
"Cobalt has established a world class exploration portfolio in the deepwater Gulf of Mexico and offshore West Africa," said John Gremp, FMC's Executive Vice President. "We are pleased to enter this long-term frame agreement and look forward to supporting their offshore efforts."

Feb 11 · 11:31:00 AM · Source: Company Press Release · Related: Cobalt International
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by Michael Oliveto

Chesapeake Energy (CHK)

Residents of neighborhoods in northeast Tarrant County, TX are moving toward executing a Barnett Shale natural gas lease with Chesapeake Energy after overwhelmingly approving proposed terms Saturday.
The lease proposal calls for a bonus of $5,250 per acre for a three-year primary term, with a $2,500 bonus for an optional second two-year term. The royalty rate would be 25 percent.

Feb 11 · 11:23:00 AM · Source: The Keller Citizen
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by Michael Oliveto

Chevron (CVX)

Chevron Corporation today announced that a consortium led by its Venezuelan subsidiary has been selected to negotiate its participation in a project composed of three blocks in the Orinoco Oil Belt (Faja) of eastern Venezuela.
"We look forward to being part of this new opportunity that will expand development of one of the world`s largest known hydrocarbon resources," said Chevron Vice Chairman George Kirkland.

Feb 11 · 11:10:00 AM · Source: Reuters
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by Michael Oliveto

Anadarko Petroleum (APC)

Western Gas Partners LP acquired a natural gas gathering system and other midstream assets in southwest Wyoming from Anadarko Petroleum for $254.4 million.
Western Gas purchased Anadarko’s 100% ownership interest in the Granger gathering system and the Granger plants, which involve two cryogenic trains with combined capacity of 200 MMcfd, two refrigeration trains with capacity of 145 MMcfd, an NGL fractionation facility with capacity of 9,500 b/d, and associated equipment.

Feb 10 · 4:04:00 PM
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by Michael Oliveto

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