Tesoro to supply Shell stations in 5 states (AP)
Oil refiner Tesoro Corp. said Friday that it has acquired wholesale supply contracts for 300 Shell stations in five states. us.rd.yahoo.com |
BofA, Charlotte stocks lose ground
Thursday was a down day for Charlotte-area stocks, including Bank of America Corp., which dropped 1.17 percent. Charlotte-based BofA (NYSE:BAC) closed at $13.55, down 16 cents. (BAC) (CATO) (DUK) (WFC) (FDO) (SPW) (GR) (LNCE) (LOW) (NUE) (PNY) (TRK) feeds.bizjournals.com |
Antelope-2 Horizontal Drill Stem Test #7 Confirms Stabilized Condensate to Gas Ratio at 24-27 Bbls/MMcf
[PR Newswire] - InterOil Corporation today announced that during stabilized flow from drill stem test #7 at the Antelope-2 Horizontal 2A well in Papua New Guinea, the well flowed gas at rates between 2.5 to 4.5 million cubic feet of natural gas per day through various choke sizes with limited formation water produced. Â A stabilized condensate-to-gas ratio of approximately 24-27.7 barrels of condensate per million cubic feet of natural gas was measured on both a 32/64 and 22/64 inch choke. Â This is approximately a 60% increase in CGR from DST #1 which was performed at the top of the reservoir and reported on October 14, 2009 at 16.5 Bbls/MMcf. Â DST #7 was conducted over a 355 foot horizontal interval from 9,357 feet to 9,712 feet total measured depth, at a true vertical depth of 7,743 feet . us.rd.yahoo.com |
Investor angst blamed for gasoline price rise
Investor manipulation of oil prices caused gasoline prices to jump in the Houston area by 7 cents this week, according to the AAA Texas Weekend Gas Watch. feeds.bizjournals.com |
Penn Virginia CFO Pici resigns
Penn Virginia Corp. said Thursday that Frank Pici has resigned as its chief financial officer to pursue other opportunities. (PVA) feeds.bizjournals.com |