GLG News by Offshore Drilling Rig Experts

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Coal from the coal fields in the Powder River Basin of Wyoming have to compete on a delivered-, emissions-adjusted basis to coal’s in the other producing regions, such as the Central Appalachian Basin. The recent increase in Eastern coal prices and SO2 emissions allowances now allow the Powder River...

FreightCar America Senior Vice President of Sales and Marketing exercised 32,980 shares of company stock at $19 each on May 3 and sold the shares for $46.88 each on May 4. According to SEC Form 4, he beneficially owns 7,000 shares after this transaction. It may be that FreightCar America Management...

The article in The Wall Street Journal describes potential Legislation to require the use of compact fluorescent bulbs (CFL) and other energy-saving lights to decrease the emissions of carbon dioxide (CO2) from coal-fired power plants. The Analysis Section below has some additional math and discussion...

The average price Devon got for gas for the reporting period in this article is well below what it is today (+/- $6 versus +/-$8). Given the close to 33% increase in gas prices today and a bullish forecast for the remainder of 2007, Devon's profits should increase significantly if they can keep production...

Gas prices are what drive most of the drilling activity in North America (land) and to a lessor extend offshore GOM. Although the major and major independent operators plan their drilling budgets far enough in advance that they are less likely to be effected by price fluctuations, the smaller independents...

Natural gas prices have a significant if not the greatest effect on US Land drilling activity and, in turn,  the cost for rigs and oilfield drilling services. EOG Resources is a major player in the US Land drilling market and a significant producer of natural gas. Gas prices are...

    Evergreen Energy (formerly KFx) continues to disappoint investors with the lack of significant progress on placing its beneficiated coal to customers.     The commentary section below provides a quick primer on Evergreen Energy’s beneficiated coal and the...

    Consol Energy and Pittsburgh & Midway, a Chevron Company, announced a joint venture to develop a new mine in the Powder River Basin (PRB) of Wyoming called the Youngs Creek Mine. The coal property is north of Sheridan, Wyoming.     The potential development...

    Background:     United States District Court for the Southern District of West Virginia Judge Chambers issued a ruling that valley fill permits granted by the U.S. Army Corps of Engineers must be rescinded and remanded back to the Corps for further reconsideration....