On Tuesday, Linn Energy LLC (NASDAQ:LINE)’s shares inclined 0.09%, and closed at $11.67, as Linn Energy LLC (LINE) and LinnCo, LLC (LNCO), declared that administration will host a conference call on Wednesday, April 29, 2015, at 10 a.m. Central (11 a.m. Eastern) to talk about the Corporation’s first quarter 2015 results. Prepared remarks by Mark E. Ellis, Chairman, President and Chief Executive Officer, and Kolja Rockov, Executive Vice President and Chief Financial Officer, will be followed by a question and answer session.
Linn Energy, LLC, an independent oil and natural gas corporation, attains and develops oil and natural gas properties in the Unites States. Its properties are located in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, Michigan/Illinois, and south Texas. As of December 31, 2014, the corporation had proved reserves of 7,304 billion cubic feet equivalent; and operated 19,591 gross productive wells. Linn Energy, LLC was founded in 2003 and is headquartered in Houston, Texas.
MRC Global Inc (NYSE:MRC)’s shares raised 1.76%, and settled at $13.32, during the last trading session on Tuesday, as MRC Global (MRC), declared that its U.S. partner, McJunkin Red Man Corporation (MRC), has been awarded a three-year integrated supply contract with the largest combined oil and gas producer in California. This contract covers all project requirements, maintenance, repair and operations (MRO) supplies and the managing of all materials located at the largest oil and gas warehouse facility in the San Joaquin Basin.
With assets located exclusively in California, this customer is the state’s largest producer of oil and gas on a gross-operated basis with about 2.3 million net acres covering California’s four major oil and gas basins. Their Elk Hills Field is one of the largest oil and gas fields in the U.S. and supplies more than 40% of California’s gas production and 5% of the state’s oil production.
MRC Global Inc., through its auxiliaries, distributes pipes, valves, fittings, and related products and services to the energy and industrial sectors in the Unites States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, in addition to steam and instrumentation products.
At the end of Tuesday’s trade, Enterprise Products Partners L.P (NYSE:EPD)’s shares picked up 1.74%, and closed at $33.34, as Enterprise Products Partners L.P (EPD), declared the recent completion of an expansion project at its liquefied petroleum gas (“LPG”) export terminal at the Houston Ship Channel, which will raise the facility’s capacity for loading fully refrigerated, low-ethane propane to 9 million barrels (“MMBbls”) per month. Enhancements to existing refrigeration infrastructure, designed to add 2,500 barrels per hour (“BPH”) or 1.5 MMBbls per month of incremental loading capacity, will allow Enterprise to accommodate an additional three ships per month.
“With these expansion projects, Enterprise is demonstrating its commitment to supporting the producers who have done a miraculous job of developing our domestic reserves, particularly in the shale basins across the country,” said A.J. “Jim” Teague, chief operating officer of Enterprise’s general partner. “By increasing capacity at our LPG export terminal, we are providing customers with access to international markets, which assists facilitate continued domestic production that would otherwise be significantly curtailed.”
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally.
Canadian Natural Resource Ltd (USA) (NYSE:CNQ), ended its Tuesday’s trading session with 1.74% gained, and closed at $32.82, as Canadian Natural Resource (CNQ), stated that Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid through the facilities of Toronto Stock Exchange. Purchases may also be made through the facilities of the New York Stock Exchange.
While pursuing Canadian Natural’s successful attainment, exploration and development plans remain a precedingity to create value for Canadian Natural, cash flow in 2015 may also be used by Canadian Natural, depending upon future trading prices and other factors, to purchase its ordinary shares, as it is believed to be a worthwhile investment, and in the best interests of Canadian Natural and its shareholders or to further strengthen its balance sheet.
Canadian Natural Resources Limited attains, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The corporation offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Its midstream assets comprise three crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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