science / Energy
Enron Broadband Executive Pleads GuiltyEnron's former broadband finance chief received one year's probation, including nine months' home confinement, for falsifying company books.
Topix.net Tuesday, November 03, 2009Patterson-UTI Reports Drilling Activity for October 2009HOUSTON, Nov. 3 /PRNewswire-FirstCall/ -- PATTERSON-UTI ENERGY, INC. (Nasdaq: PTEN) today
reported that for the month of October 2009, the Company had an average of 88 drilling rigs operating, including 82 rigs in the United States and 6 rigs in Canada.
prnewswire.com Tuesday, November 03, 2009Ormat Technologies, Inc. Announces Re-Purchase of Part-Ownership Interest in Certain of Its Geothermal Power Projects From an Institutional Equity InvestorRENO, Nev., Nov. 3 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. (NYSE: ORA) today
announced that on October 30 its wholly-owned subsidiary, Ormat Nevada Inc., concluded the purchase of all of the class B membership interests in OPC LLC held by Lehman-OPC LLC, an affiliate of Lehman Brothers Inc., for a purchase price of $18.5 million. A substantial portion of the sale of the class B membership interests by Ormat was accounted for as a financing. As a result, the repurchase of these interests at a discount will result in a pre-tax gain of approximately $13 million in the fourth quarter of 2009.
prnewswire.com Tuesday, November 03, 2009Colfax Reports Preliminary Third Quarter ResultsRICHMOND, Va., Nov. 3 /PRNewswire-FirstCall/ -- Colfax Corporation (NYSE: CFX), a global leader in fluid-handling solutions for critical applications, today
announced preliminary financial results for the third quarter ended October 2, 2009. The preliminary results do not reflect any potential adjustments from the favorable asbestos ruling on October 14, 2009 for the Company's Warren Pumps subsidiary. The Company expects additional information related to this matter to become available prior to filing its third quarter Form 10-Q with the SEC on or before November 16, 2009. Any adjustments that result from the Company's evaluation of this information will be reflected in the Company's financial statements included in its third quarter Form 10-Q.
prnewswire.com Tuesday, November 03, 2009Cimarex Reports Third-Quarter 2009 Financial ResultsDENVER, Nov. 3 /PRNewswire-FirstCall/ -- Cimarex Energy Co. (NYSE: XEC) today
reported third-quarter 2009 net income of $38.7 million, or $0.46 per diluted share. Reducing third-quarter earnings are mark-to-
market losses on derivatives of $17.5 million ($10.3 million after tax) and impairment of well equipment and supplies of $5.4 million ($3.2 million after tax).
prnewswire.com Tuesday, November 03, 2009Sony Europe Selects Tradition Energy to Extend European Energy SavingsSTAMFORD, Conn., Nov. 3 /PRNewswire/ -- Tradition Energy, one of the world's largest
energy management advisors, today
announced their selection by Sony Europe to provide energy management services for 54 Sony facilities in 25 European countries including their corporate headquarters, technology centers, warehouses and Sony Style retail locations.
prnewswire.com Tuesday, November 03, 2009PetroQuest Energy Announces Third Quarter 2009 ResultsLAFAYETTE, La., Nov. 3 /PRNewswire-FirstCall/ -- PetroQuest Energy, Inc. (NYSE: PQ)
announced today net income available to common stockholders for the quarter ended September 30, 2009 of $4,453,000, or $0.07 per share, compared to third quarter 2008 net income available to common stockholders of $16,758,000, or $0.32 per share. For the first nine months of 2009, the Company
reported net loss available to common stockholders of $54,758,000, or $1.03 per share, compared to net income available to common stockholders of $52,694,000, or $1.01 per share, for the first nine months of 2008. The net loss for the 2009 period was primarily the result of a non-cash ceiling test writedown of $103.6 million recorded during the first quarter of 2009.
prnewswire.com Tuesday, November 03, 2009FBI Clears Former Lawmaker Mike DuvallFormer Assemblyman Mike Duvall of Yorba Linda will not face any federal charges after an FBI investigation into his comments, made over an open microphone, that he had a sexual relationship with a woman who was widely believed to be a Sempra Energy lobbyist, officials
announced today.
Topix.net Tuesday, November 03, 2009Anadarko reports 90% drop in quarterly profitThe Woodlands-based Anadarko Petroleum Corp.
reported net income of $200 million, 40 cents per share, down from $2.2 billion, $4.58 per share, in the July-September period a year ago.
Houston Chronicle Tuesday, November 03, 2009Texas Pacific takes $500 million stake in Houston firmPrivate equity giant Texas Pacific Group is investing $500 million in Houston-based Valerus Compression Services, which the natural gas processing equipment firm will use to refinance some of its debt and increase its annual capital budget.
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