U.S. stock index futures indicated a higher start to Wall Street trade on Tuesday, with shares in Asia and Europe boosted.» Read More
NEW YORK, Oct 22- Apollo Global Management LLC plans to start raising between $2 billion and $3 billion for a second natural resources private equity fund, sources familiar with the situation said, in the latest sign that the firm is doubling down on the U.S. shale boom. The firm's first resources fund, the Apollo Natural Resources Partners, has now almost fully...
Oct 8- Encana Corp said it would sell some of its natural gas assets in southern and central Alberta for about C $605 million as it focuses on more lucrative oil and natural gas liquids. The Clearwater deal comes just days after Encana agreed to buy Athlon Energy Inc for $5.93 billion to gain control of its oil-rich lands in Texas's Permian Basin.
FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.
CALGARY, Alberta, Sept 29- Encana Corp, Canada's largest natural gas producer, said on Monday it expects production from Athlon Energy Inc's Texas properties to rise to 50,000 barrels per day in 2015 from a current 30,000 bpd on planned capital spending of $1 billion next year.
NEW YORK, Sept 29- DreamWorks Animation SKG and Athlon Energy were among the biggest movers in the premarket session on Monday, with both names rallying on deal news. Shares of DreamWorks soared after a person with knowledge of the situation said Japan's SoftBank Corp was in talks to buy the company.
NEW YORK, Sept 29- U.S. stock index futures were lower on Monday, indicating Wall Street's recent weakness would continue amid ongoing civil unrest in Hong Kong.
Sept 29- Encana Corp, Canada's largest natural gas producer, said it would buy Athlon Energy Inc for $5.93 billion in cash, excluding debt, as it accelerates its plan to focus on more-lucrative oil and natural-gas liquids.
Sept 29- Encana Corp, Canada's largest natural gas producer, said it would buy Athlon Energy Inc for $5.93 billion in cash, excluding debt. Encana, which is shifting its focus to high-value oil and natural gas liquids, will also assume Athlon's $1.15 billion of senior notes. The deal includes about 140,000 net acres owned by Athlon in the oil-rich Midland Basin.
TORONTO, Sept 19- Canada's main stock index took its sharpest one-day hit in seven months on Friday as a broad array of stocks from banks to telecommunications and resource companies pushed it to a 1.7 percent decline for the week.
Sept 9- Natural gas and oil producer Chesapeake Energy Corp must face trial on charges of felony racketeering and using false pretenses related to its land-leasing practices, a state judge has ruled.
Canada's Encana Corp invested $2 million to refrack two wells in Louisiana's Haynesville shale formation earlier this year, after seeing its production in the area dip 27 percent from 2012 levels. "There were a significant number of wells that we considered understimulated," said David Martinez, Encana's senior manager for Haynesville development.
Canada's Encana Corp invested $2 million to refrack two wells in Louisiana's Haynesville shale formation earlier this year, after seeing its production in the area dip 27 percent from 2012 levels. "There were a significant number of wells that we considered unstimulated," said David Martinez, Encana's senior manager for Haynesville development.
July 24- Canada's Encana Corp, which is restructuring operations to end its reliance on low-value natural gas, said on Thursday oil and natural gas liquids production climbed 43 percent year-on-year in the second quarter of 2014.. Encana shares climbed 1.8 percent on the Toronto Stock Exchange to C $24.14.
HOUSTON, July 23- U.S. oil and gas company Apache Corp told Reuters it is looking at ways to wring more cash out of its valuable mineral rights, as it and other energy companies face investor pressure to tap more profits from the North American shale boom.
July 10- A judge in Michigan has ruled that Oklahoma-based Chesapeake Energy Corp must face a criminal trial on a charge of bid-rigging with competitor Encana Corp at a 2010 state land lease auction, citing evidence of a conspiracy between the companies that drove state lease prices down sharply.
CALGARY, Alberta, July 1- Mergers and acquisitions in Canada's energy sector have rebounded from a dull 2013 and look poised for a further pickup, driven by the country's rapidly developing shale oil and gas properties rather than its better known oil sands.
June 30- Devon Energy Corp said it would sell its remaining non-core gas-rich properties to peer Linn Energy LLC for $2.3 billion to focus on more lucrative oil assets and cut debt.
CALGARY, Alberta, June 6- Canada is enjoying an unexpected boom in production of ultra-light crude known as condensate, defying long-held predictions of dwindling supply.
ATLANTA, June 5- The state of Michigan filed felony racketeering and fraud claims against Chesapeake Energy Corp on Thursday, in the latest legal fallout from Chesapeake's ambitious attempt to acquire drilling rights amid the U.S. fracking boom.
May 13- Encana Corp on Tuesday reported a higher-than-expected quarterly profit, much of which coming from a field it may put up for sale as it looks to cut its dependence on natural gas production.