HOUSTON, Feb. 22, 2012 /PRNewswire/ -- The Board of Directors of Goodrich Petroleum Corporation (NYSE: GDP) has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock for the 1st Quarter of 2012. The dividend will be paid on March 15, 2012 to stockholders of record as of March 1, 2012. Goodrich Petroleum Corporation is an independent oil and gas exploration and production company whose common stock is listed on the New Yor...
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HOUSTON, Feb. 22, 2012 /PRNewswire/ -- Highlights Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today reported a net loss for the three months ended December 31, 2011 of US$10.7 million, or US$0.07 per diluted share, on revenues of US$33.9 million. For the full year ended December 31, 2011, the net loss was US$3.4 million or US$0.02 per diluted share. The company's directors have declared a dividend of US$0.03 per share, or approximately US$5.0 million. Management Comment Gary W. C...
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TORONTO, ONTARIO--(Marketwire - Feb. 22, 2012) - Changfeng Energy Inc., (TSX VENTURE:CFY) ("Changfeng" or the "Company"), is pleased to announce that the Company has launched a Gas & Electricity Exchange Program (the "Program") that will allow the Company to have an additional annual gas quota of approximately 5 million cubic meters (176,573,000 cubic feet) until 2015 for its operation in Sanya City through an approximately RMB 10 million ($1.6 million) investment to build power transmission fa...
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Today, CleanTECH San Diego and Mayor Jerry Sanders joined OneRoof Energy at a newly solarized home to announce the creation of 100-plus new green jobs. OneRoof Energy is the first U.S. residential solar company to work directly with roofers to sell and install its systems. The nation’s demand for solar, rising sales and OneRoof Energy’s SolarSelect ® Lease program, has led to the company’s extraordinary growth and local hiring opportunities. OneRoof Energy is looking to ...
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Xcel Energy Inc. today announced that Gail Koziara Boudreaux has been elected to the company’s board of directors. Boudreaux is chief executive officer of United Healthcare, a subsidiary of United Health Group in Minneapolis. Previously, she served as executive vice president of external operations for the Health Care Services Corporation, the parent company of Blue Cross and Blue Shield of Illinois, and held senior management positions at Aetna Inc. Boudreaux earned a master's degree in bu...
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Helix Energy Solutions Group, Inc. (NYSE: HLX) reported net income of $16.8 million, or $0.16 per diluted share, for the fourth quarter of 2011 compared with a net loss of $49.8 million, or $(0.48) per diluted share, for the same period in 2010, and net income of $46.0 million, or $0.43 per diluted share, in the third quarter of 2011. Net income for the year ended December 31, 2011 was $129.9 million, or $1.22 per diluted share, compared with a net loss of $127.1 million, or $(1.22) per diluted share,...
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On February 22, 2012, the Board of Directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of 26.5 cents per share. The dividend is payable on or before April 16, 2012, to shareholders of record at the close of business on March 26, 2012. About Portland General Electric Company Portland General Electric, headquartered in Portland, Ore., is a fully integrated electric utility that serves approximately 825,000 residential, commercial and industrial...
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KBR (NYSE:KBR) announced today that fourth quarter 2011 net income attributable to KBR was $90 million, or $0.60 per diluted share, compared to net income attributable to KBR of $78 million, or $0.51 per diluted share, in the fourth quarter of 2010. Consolidated revenue in the fourth quarter was $2.1 billion compared to $2.3 billion in the fourth quarter of 2010. Operating income was $136 million compared to $148 million in the prior year fourth quarter. Fourth quarter operating income, when compa...
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Analysts with Great American Group (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, believe that the continued growth in the manufacturing sector, and subsequent growth in freight transportation, will continue to boost demand in the rolling stock and intermodal sectors. Freight tonnage in December 2011 hit a 13-year high, up 10.5 percent compared to December 2010. “The demand for freight transportation has been a boon to both the rolling stock an...
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MADISON, Wis., Feb. 22, 2012 /PRNewswire/ -- Focus on Energy, Wisconsin utilities' statewide program for energy efficiency and renewable energy, today announced the selection of firms to implement three new business energy programs that will launch in phases starting on April 1, 2012. The selected firms have a history of implementing energy programs for Focus on Energy and will be supported by additional subcontractors: SAIC International: Large Energy Users Program Franklin Energy Serv...
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DALLAS, Feb. 22 2012 /PRNewswire/ -- Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today that Atlas Pipeline Partners LP (NYSE: APL) will replace Inergy LP (NYSE: NRGY) as a constituent to the Cushing® MLP High Income Index after the close of trading on Wednesday February 29, 2012 due to Inergy LP's announced reduction in its distribution. The remaining constituents will be unaffected. Cushing® MLP High Income Index constituents (effective March 1, ...
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HOUSTON, Feb. 22, 2012 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) today announced financial and operating results for the year and fourth quarter ended December 31, 2011 and updated capital expenditure and production guidance for 2012. CAPITAL EXPENDITURES The Company is maintaining its 2012 capital expenditure budget of $250 – 275 million, but reallocating $20 million of capital expenditures from its gas-focused Haynesville Shale properties to its oil-focused ac...
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BENTEK Energy, a leading energy markets information and analytics company, reports that PADD 2 (Midwest) crude oil supply growth will double from 2011-16, including production increases of 547,000 b/d in the Williston Basin and 131,000 in the Utica Shale. Anticipation of U.S. and Canadian crude oil supply growth is leading to significant U.S. infrastructure projects in all sectors of the industry, including more than 75 crude oil pipeline projects, 25 crude oil rail projects and seven crude oil refine...
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CHARLOTTE, N.C. and RALEIGH, N.C., Feb. 22, 2012 /PRNewswire/ -- Duke Energy and Progress Energy today filed a second wholesale market power mitigation plan with the North Carolina Utilities Commission (NCUC) as part of their proposed merger. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO) (Logo: http://photos.prnewswire.com/prnh/20110110/PROGRESSENERGYLOGO) "The intent of this merger is to strike the right balance between the customer and shareholde...
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OAK BROOK, Ill., Feb. 22, 2012 /PRNewswire/ -- Federal Signal Corporation (NYSE: FSS), a leader in environmental, safety and transportation solutions, announced today that it has completed a refinancing of its existing senior secured credit facilities. The new senior secured credit facilities are comprised of a fully funded $215 million five-year senior secured term loan and a $100 million five-year senior secured revolving credit facility. TPG Specialty Lending, Inc. is the Agent...
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Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today reported financial and operating results for the three months and year ended December 31, 2011. Highlights for the year ended December 31, 2011 include: Production of 23.6 million barrels of oil equivalent (“MMBoe”), an increase of 51% over 2010 Net income of $548.1 million, or $5.28 per diluted share, as compared to net income of $204.4 million, or $2.18 per diluted share, in 2010 ...
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OYO Geospace (NASDAQ:OYOG) announced today that the previously announced public offering of 1,290,950 shares of its common stock owned by OYO Corporation U.S.A., the selling stockholder, has closed. OYO Geospace will not receive any proceeds from the sale of the shares of common stock offered by the selling stockholder. Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the offering. The offering was made pursuant to an effective shelf regi...
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FAA Chief Michael Huerta on hand for dedication CHATTANOOGA, Tenn., Feb. 22, 2012 /PRNewswire/ -- The Chattanooga Airport's new energy-efficient 9,000 square foot corporate flight center (FBO) terminal facility was recently awarded platinum certification from the U.S. Green Building Council's (USGBC) Leadership in Energy and Environmental Design (LEED®) green building certification program. The FBO terminal, managed by Wilson Air Center, is the only aviation terminal in the world to receiv...
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UIL Holdings Corporation (NYSE: UIL) today reported consolidated net income of $99.7 million, or $1.95 per diluted share, for 2011, an increase of $44.8 million, or $0.43 per diluted share, compared to 2010. For the fourth quarter of 2011, UIL’s consolidated net income was $21.3 million, or $0.42 per diluted share, compared to $10.5 million, or $0.20 per diluted share, for the same period in 2010. The results for 2010 include the results of the gas distribution businesses for the post-acquisiti...
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Key Achievements Renewable Energy Group, Inc. (NASDAQ:REGI) announced today its financial results for the fourth quarter and full-year ended December 31, 2011. For the quarter ended December 31, 2011, Adjusted EBITDA was $29.5 million compared to $5.5 million for the same period in 2010. Revenues were $267 million for the quarter ended December 31, 2011 compared to $70 million during the same period in 2010. Adjusted EBITDA for the year ended December 31, 2011 was $107 million compared to $8...
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Penn Virginia Corporation (NYSE: PVA) today reported financial and operational results for the three months and twelve months ended December 31, 2011 and provided initial full-year 2012 guidance. Fourth Quarter 2011 Highlights Fourth quarter 2011 results, as compared to fourth quarter 2010 results, were as follows: Product revenues from the sale of natural gas, crude oil and natural gas liquids (NGLs) of $77.4 million, or $7.20 per thousand cubic feet of natural gas equivalent (Mcf...
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Whiting Petroleum Corporation’s (NYSE: WLL) production in the fourth quarter of 2011 totaled a record 6.50 million barrels of oil equivalent (MMBOE), of which 5.45 million barrels were crude oil/natural gas liquids (84%) and 1.05 MMBOE was natural gas (16%). This fourth quarter 2011 production total equates to a new record daily average production rate of 70,685 barrels of oil equivalent (BOE), which compared to an average daily rate of 67,900 BOE in the fourth quarter of 2010. Production of ...
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Fluor Corporation (NYSE: FLR) today announced financial results for its fiscal year ended December 31, 2011. Net earnings attributable to Fluor for 2011 were $594 million, or $3.40 per diluted share, compared with $357 million, or $1.98 per diluted share in 2010. Consolidated segment profit for the year was $1.0 billion, compared with $621 million in 2010 which was impacted by significant pre-tax charges on two infrastructure projects. Results in 2011 reflect a substantial increase in the profit contr...
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Cenovus Energy Inc. (TSX, NYSE: CVE) today filed its audited Consolidated Financial Statements for the year ended December 31, 2011, and related Management’s Discussion and Analysis with Canadian securities regulatory authorities. Cenovus has also filed its Annual Information Form for the year ended December 31, 2011, which includes disclosure relating to reserves data and other oil and gas information. In addition, Cenovus has filed its Form 40-F with the U.S. Securities and Exchange Commissio...
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Macquarie Infrastructure Company LLC (NYSE: MIC) reported financial results for 2011 including $3.16 per share in proportionately combined free cash flow. MIC generated $3.19 per share in proportionately combined free cash flow in 2010. Excluding the free cash flow generated in connection with the cleanup of the BP oil spill in 2010, the 2011 result reflects an approximately 18% year on year increase in proportionately combined free cash flow. With the continued strong cash generation, MIC’...
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