Image - Virginia Hills Oil Announces The Acquisition of a Private Oil and Gas Producer

Virginia Hills Oil Announces The Acquisition of a Private Oil and Gas Producer

Virginia Hills Oil and Pinecrest Energy are pleased to announce that Virginia Hills and its wholly-owned subsidiary 1834163 Alberta have entered into an agreement with a private oil and gas producer pursuant to which Virginia Hills, through AcquisitionCo, will purchase all of the issued and outstanding common shares of PrivateCo for total consideration of an aggregate of 4.0 million share purchase warrants of Virginia Hills, 10,600 common shares ...

Oil and Gas - Mar 4, 2015


Image - ExxonMobil Continues Long-Term Capital Focus and Investment Discipline

ExxonMobil Continues Long-Term Capital Focus and Investment Discipline

Exxon Mobil expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017, Rex W. Tillerson, chairman and chief executive officer, said today. "Our long-term capital allocation approach has not changed," Tillerson said at the company's annual analyst meeting at the New York Stock Exchange. "We remain committed to our investment d...

Natural Gas & LNG - Mar 4, 2015


Image - Western Gas Announces Acquisition and 2015 Outlook

Western Gas Announces Acquisition and 2015 Outlook

Western Gas Partners, LP ("WES" or the "Partnership") today announced that it has acquired Anadarko's 50% interest in the Delaware Basin JV gathering system. The Partnership paid no consideration at closing, but agreed to make a future payment on March 31, 2020 equal to eight times the average of the asset's 2018 and 2019 earnings before interest, taxes, depreciation and amortization ("EBITDA"), less the capital expenditures incurred by WES from ...

Oil and Gas - Mar 3, 2015




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