This summer, an Exxon Mobil pipeline carrying oil across Montana burst suddenly, soiling the swollen Yellowstone River with an estimated 42,000 gallons of crude just weeks after a company inspection and federal review had found nothing seriously wrong.
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Clayton Williams Energy, Inc. today September 9, 2011 announced that its wholly owned subsidiary, Southwest Royalties, Inc, has filed preliminary proxy statements with the Securities and Exchange Commission (“SEC”) related to proposed mergers between SWR and six partnerships of which SWR is the general partner (the “Public Partnerships”). Read more »

Oil prices changed direction and sharply inclined while major stock markets including the S&P500 rose as well. Currently, oil prices are traded with moderate falls. Today, September 8, 2011the ECB rate decision will be announced, the EIA natural gas report will be published, the EIA crude oil stockpiles report, and the Canadian and American trade balance reports.

On Wednesday, September 7th oil price (WTI) sharply rose by 3.86% to $89.34/b; Brent also inclined by 2.25% to $116.19/b; during September WTI inclined by 0.6%; Brent oil rose by 0.84%. Read more »

Encana Corp said it agreed to sell some natural gas midstream assets in Colorado for about $590 million and would likely notch more sales in Canada as it looks to cash in on the strong demand for such assets in North America.

Encana, Canada's largest gas producer, said it is on track to meet or exceed the planned sale of $1-$2 billion worth of non-core assets as it cuts back on spending to cope with weak natural gas prices. Read more »