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CITGO and Ocean Exploration Trust Partnership Brings Science to Life for Students and Educators
August 17, 2016
For the third year, CITGO Petroleum Corporation and the Ocean Exploration Trust (OET) are providing teachers and students with unique educational opportunities in the eastern Pacific Ocean. Through two separate fellowships within the Nautilus Exploration Program, CITGO and OET are
DTE Energy Donates $2.5 Million to Help Protect Low-income Residents in Southeast Michigan
August 17, 2016
DTE Energy donated $2.5 million to assist low-income residents in the city of Detroit and Southeast Michigan. This donation is expected to help drive enrollment of nearly 3,000 customers in DTE’s Low-Income Self-Sufficiency Plan (LSP), which will help customers stay
Pa. Township Abandons Fight to Block Seneca Resources’ Shale-gas Injection Well
August 17, 2016
Highland Township, Elk County, which in 2013 approved an ordinance banning shale wastewater injection wells, overturned the rule last week and settled a federal lawsuit with a Marcellus Shale gas producer that wants to build a disposal well. Two new
Natural Gas Fills the Gap as Coal Drops Out of U.S. Power Market
August 17, 2016
Five years ago, opponents of newly proposed clean-air rules sounded dire warnings of blackouts and surging electricity prices if coal-burning plants were shuttered. Welcome to 2016. Instead of rising, the price of electricity in the nation’s largest grid is now
Oil Drillers Bring Back Rigs in Longest Streak Since 2014
August 17, 2016
U.S. oil producers added rigs for the seventh week in a row, the longest period of expansion since the final days of the drilling boom in early 2014. Rigs targeting crude in the U.S. rose by 15 to 396, after
WEC Energy Group to Build Two Natural Gas Power Plants, Michigan
August 17, 2016
A mining company has agreed to buy power for 20 years from a utility that plans to build two new natural gas-powered plants in the Upper Peninsula, a deal that Gov. Rick Snyder said Monday would provide the region with
Parsley Energy Acquire Midland Basin Assets for $400 Million, Texas
August 16, 2016
Parsley Energy, Inc. has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties in Glasscock County, Texas, as well as associated mineral and overriding royalty interests, for an aggregate purchase price of $400 million
Cliffs Natural Resources Enters New Energy Agreement with WEC Energy for Its Tilden Mine in Michigan
August 16, 2016
Cliffs Natural Resources Inc.‘s Tilden Mining Company has entered into a new 20-year energy agreement with WEC Energy Group to provide Tilden mine with a long-term, reliable and affordable source of electrical power in Michigan. “With a significant and longstanding
FirstEnergy Allocates $128 Million in Infrastructure Projects in Potomac Edison Area
August 16, 2016
FirstEnergy Corp. is continuing construction work this summer and throughout the remainder of 2016 on distribution and transmission infrastructure projects totaling approximately $128 million in Potomac Edison‘s service area in western Maryland and the Eastern Panhandle of West Virginia. To
Templar Energy Reaches Agreement on a Comprehensive Restructuring Plan
August 16, 2016
Templar Energy LLC and its affiliates have reached an agreement with holders of over 82 percent in amount of its second lien debt, 100 percent of its equity holders and 100 percent of its first lien RBL lenders on the
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