| Rex Energy Corporation Announces Air Permit Received (GlobeNewswire) STATE COLLEGE, Pa. -- Rex Energy Corporation announced today that the Commonwealth of Pennsylvania's Department of Environmental Protection has issued the required air permit for the Sarsen Plant, Rex Energy's jointly owned cryogenic gas processing facility in Butler County, Pennsylvania. us.rd.yahoo.com |
AEP agrees to service reliability standard An agreement brokered between American Electric Power Company Inc. and a state consumer advocacy group will hold the Columbus utility to tighter standards on service reliability, a key point of contention following a windstorm in September 2008 that left millions of Ohioans in the dark. (AEP) (DPL) (DUK) feeds.bizjournals.com |
PGE withdraws Rock Creek wind farm petition Portland General Electric has withdrawn a petition related to the Rock Creek Wind Farm in Gilliam County. (POR) feeds.bizjournals.com |
Dynegy urges shareholders to OK Blackstone bid Houston-based Dynegy Inc. sent a letter to shareholders Wednesday urging them to approve the proposed merger with an affiliate of the Blackstone Group LP at a special meeting Nov. 17. (DYN) (BX) feeds.bizjournals.com |
Nabors 3Q2010 EPS Equals $0.29 From Continuing Operations, Excluding Acquisition Expenses and Certain Non-Cash Asset Impairments [PR Newswire] - Nabors Industries Ltd. today announced its results for the third quarter and nine months ended September 30, 2010.  Adjusted income derived from operating activities was $164.4 million for the third quarter, compared to $117.2 million in the third quarter of 2009 and $126.8 million in the second quarter of this year.  Excluding certain non-cash asset impairments and expenses related to the acquisition of Superior Well Services Inc., net income from continuing operations was $84.7 million for the third quarter, compared to $66.7 million in the third quarter of 2009 and $44.0 million in the second quarter of this year.  Including these charges, income from continuing operations was a loss of $31.6 million .  For the nine months ended September 30, 2010, adjusted income derived from operating activities was $433.0 million, compared to $395.9 million in 2009.  Net income from continuing operations, excluding the aforementioned items, was $172.2 million for the first nine months of 2010, compared to $349.3 million in the first nine months of 2009.  The excluded items during the quarter amounted to $134 million, or $0.40 per share, the largest component of which was impairments to goodwill and various underutilized assets primarily in the Company’s US Offshore operations.  The drilling slowdown following the Gulf of Mexico blowout is likely to restrict utilization of these assets for some time.  The impairments also included the writedown of an E&P investment.  Because most of the Company’s wholly owned and joint-venture interests in Canada and Colombia are being marketed for sale, their results have been classified as discontinued operations beginning this quarter.  us.rd.yahoo.com |