Posted by : admin in (Energy)

Newpark Resources Provides Update on Sale of Its U.S. Environmental Services Business

THE WOODLANDS, Texas, July 8 /PRNewswire-FirstCall/ — Newpark Resources, Inc. today provided an update on the proposed sale of its U.S. Environmental Services business to a subsidiary of CCS Corporation. As announced on April 16, 2008, the sale of this business was expected to occur in July 2008, subject to the receipt of customary regulatory approvals. The Federal Trade Commission has issued a request for additional information and documentary materials (commonly referred to as a “second request”) as part of the Hart-Scott-Rodino Act review process. As a result of this request, the proposed transaction is unlikely to close before the end of July 2008 as previously announced. Newpark plans to provide an update during its second quarter earnings conference call currently scheduled for Friday, August 1, 2008.
Newpark Resources, Inc. is a worldwide provider of drilling fluids, temporary worksites and access roads for oilfield and other commercial markets, and environmental waste treatment solutions. For more information, visit our website at .
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act that are based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about Newpark’s proposed sale of the environmental services business, Newpark’s strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like “expects,”"anticipates,”"plans,”"intends,”"projects,”"indicates,” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by Newpark, particularly its Annual Report on Form 10-K for the year ended December 31, 2007, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to, the receipt of required regulatory approval and the satisfaction of the closing conditions for the proposed sale of the environmental services business, the investigation of the certain accounting matters by the Securities and Exchange Commission; changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which Newpark does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales of Newpark products. Newpark’s filings with the Securities and Exchange Commission can be obtained at no charge at , as well as through our website at .
Contacts: James E. Braun, CFO
Newpark Resources, Inc.
281-362-6800

Ken Dennard, Managing Partner
Dennard Rupp Gray & Easterly, LLC

713-529-6600

Newpark Resources, Inc.

Posted by : admin in (Energy)

Cameron Prices $750 Million of Senior Notes

HOUSTON, June 23 /PRNewswire-FirstCall/ — Cameron has priced a public offering of $450 million aggregate principal amount of 6 3/8% senior notes due 2018 and $300 million aggregate principal amount of 7% senior notes due 2038. The sale of the senior notes is expected to settle on June 26, 2008, subject to customary closing conditions. Cameron intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions, repurchases or conversions of its common stock and convertible debt securities, additional working capital needs, capital expenditures and repayment and refinancing of other indebtedness.
J.P. Morgan Securities Inc., Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for the senior notes offering. In addition, DnB NOR Markets, Inc, Greenwich Capital Markets, Inc and Mitsubishi UFJ Securities International PLC are senior co-managers, and BBVA Securities Inc., Citigroup Global Markets Inc., Standard Chartered Bank and UniCredit Capital Markets, Inc. are co-managing underwriters. Copies of the prospectus supplement and the related base prospectus for the offering may be obtained by contacting J.P. Morgan Securities Inc. at 270 Park Avenue, 8th Floor, New York, New York 10017, Attention: Syndicate Desk, (212) 834-4533; Morgan Stanley & Co. Incorporated at 180 Varick Street, New York, New York 10014, Attention: Prospectus Department, or toll-free at (866) 718-1649; or UBS Investment Bank at 677 Washington Blvd., Stamford, CT 06901, Attention: Fixed Income Syndicate, or toll-free at (877) 827-6444, ext. 561-3884. An electronic copy of the prospectus supplement and the related base prospectus will also be available on the website of the Securities and Exchange Commission (the “SEC”) at .
This offering is made pursuant to an effective shelf registration statement and prospectus filed by Cameron with the SEC. This release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This offering may be made only by means of a prospectus supplement and related base prospectus.
Cameron is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, including the expected consummation of the offering described and the use of proceeds. Forward-looking statements include estimates and give our current expectations or forecasts of future events. Although we believe our forward-looking statements are reasonable, they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and actual results may differ from the expectations expressed.
Cameron

Posted by : admin in (Energy)

ThermoEnergy Corp Announces First Quarter 2008 Financial Results

LITTLE ROCK, Ark., May 22 /PRNewswire-FirstCall/ — ThermoEnergy Corp (BULLETIN BOARD: TMEN) , a leading provider of carbon reducing technology solutions, today announced financial results for First Quarter ended March 31, 2008.
KEY OPERATIONAL and FINANCIAL HIGHLIGHTS FOR 2008

— CASTion Water Segment Revenues Increase Over First Quarter 2007, and
increases pipeline of new projects.
— CASTion Water Group hired new VP of Marketing.
— Management increases ownership stake in the Company with additional
$750,000 investment
— Parsons-Brinkerhoff engineering study concludes TMEN’s ARP Technology
substantially reduces the carbon being released by the biological
nitrogen removal process as compared to conventional biological
systems, study supports the use of TMEN’s ARP process.

“We are pleased with the restructuring that we experienced in our water division during the first quarter, as we continue to work to expand the CASTion pipeline for municipal contracts,” stated CEO Dennis Cossey. “The Company’s TIPS process continues to develop with extreme interest from multiple high level groups, including the recent announcement of our Memorandum of Understanding with Babcock Power, Inc. With the industrial side of CASTion continuing to build a backlog and our sales focus on various high scale municipalities; we believe ThermoEnergy is uniquely positioned to capitalize on the two billion dollar US water industries market.
The Company reported total operating revenue of $409,000 for the first quarter ended March 31, 2008 compared to $73,000 for the quarters ended March 31, 2007. The Company’s water subsidiary CASTion reported $226,000 in revenue, while the Power Group contributed $183,000 in revenue.
The Company had total operating expenses of $1,654,000 for the first quarter 2008 compared to $821,000 for the quarters ended March 31, 2007. Over one-third of the first quarter 2008 operating expenses represented the expense of options, and other one time expenses related to the consolidation of CASTion, and discount to convertible debt. Without these one time expenses, operating expenses for the quarter were flat from year to year including the increased staff from the CASTion acquisition and additional hires to help promote the ARP technology solution. Management believes that current operating expenses will support revenue and sales expected for the remaining of the year.
Loss per share was $.05 per share for the first quarter 2008, compared to the loss per share of $.03 for the same period in 2007.
“ThermoEnergy made significant strides in the first quarter, moving CASTion towards a break even run rate after some post acquisition restructuring,” stated, CEO Dennis Cossey. “We believe David Delasanta, who we brought on as our VP of Sales and Marketing provides added depth to our sales force with his extensive experience and contacts in the water industry. We expect CASTion to continue to expand its industrial sales of our water solutions while we remain in talks to solidify our first municipal projects ground breaking date. The realization that green house gas emissions are being excreted by wastewater Treatment plants using biological nitrogen removal agents combined with new knowledge brought to light by the Parsons-Brinkerhoff report has created a sense of urgency in many municipalities to speak with us regarding our proprietary ARP process.”
About ThermoEnergy Corporation
ThermoEnergy Corporation is a diversified technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater Treatment and power generation technologies. The wastewater Treatment technologies are consolidated in our subsidiary, CASTion Corporation (”CASTion”), a fast growing developer and manufacturer of innovative wastewater Treatment and recovery systems to industrial and municipal clients. The systems are unique because they meet environmental regulations while providing a rapid return on investment by recovering and reusing expensive feedstock’s, reducing contaminated wastewater discharge and reusing wastewater in process operations. CASTion’s wastewater Treatment systems have application in aerospace, food processing, metal finishing, refineries, manufacturing and municipal wastewater. We assemble and ship our waste water Treatment products from our 20,000 square foot manufacturing facility in Worcester, Massachusetts. The power generation technologies are consolidated in our subsidiary, ThermoEnergy Power Systems, LLC (”TEPS”). The economic and environmental matrix of the Company’s technologies represents a paradigm shift in these key infrastructure industries. The Company currently has offices in Little Rock, AR, Worcester, MA, Hudson, MA, and New York, NY, Jacksonville, FL and Baton Rouge, LA. Additional information on the Company and its technologies can be found on its website at (), or () for wastewater Treatment specific information.
THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE “FORWARD LOOKING” STATEMENTS, USUALLY CONTAINING THE WORD “BELIEVE”, “ESTIMATE”, “PROJECT”, “EXPECT” OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FORWARD LOOKING STATEMENTS. FACTORS THAT WOULD CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO, CONTINUED ACCEPTANCE OF THE COMPANY’S PRODUCTS AND SERVICES IN THE MARKETPLACE, COMPETITIVE FACTORS, CHANGES IN REGULATORY ENVIRONMENTS AND OTHER RISKS DETAILED IN THE COMPANY’S PERIODIC REPORT FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.
Investor Contact:
Alliance Advisors, LLC
Mark McPartland or Bryan Kobel
212-398-3487

ThermoEnergy Corp

Posted by : admin in (Energy)

Industry Cross-Section Develops Action Plans at PJM Demand Response Symposium

VALLEY FORGE, Pa., May 16 /PRNewswire/ — More than 150 state and federal regulators, consumer advocates, electric utilities, curtailment service providers, technology companies and others developed action plans to increase demand response at PJM Interconnection’s Demand Response Symposium in Baltimore, Md. earlier this week.
Demand response is defined as reducing electricity use when demand is high instead of producing additional electricity.
“Demand response is an economical way to reduce the need for more electricity supplies,” said Andrew L. Ott, PJM senior vice president - markets. “Seeing it fully realized, however, will take a great collaborative effort of diverse stakeholders in the industry, not just PJM alone. These stakeholders came to the table this week and defined further the work needed to make this happen and ideas on overcoming the barriers.”
The symposium participants focused on three topic areas: data management and automatic metering infrastructure (AMI), demand response customer education and training, and the coordinating of demand response with transmission planning and capacity auction processes. The topic areas were identified in the Demand Response Roadmap that resulted from PJM’s first demand response symposium last year.
Demand response already is a component of the capacity auction process, Ott said. “The results of the recent annual auction for capacity show the continuing trend of more demand resources participating. We’re seeing the equivalent amount of load being reduced that would otherwise require the output of a 600 megawatt generating plant.”
Demand response can be achieved at the wholesale level with major energy users such as industrial plants curtailing power use and receiving payment for participating. At the retail level, where demand response is developing through involvement of various state agencies and stakeholders, consumers participate in programs to curtail use. Programs vary but may enable consumers to commit in advance to curtailing electricity use at certain times or to make real-time decisions using switches on air conditioners and water heaters that are controlled by their utilities. Advanced metering for all customers will expand significantly the measurement of responsiveness to price and to grid emergencies.
“The burning platform for demand response to happen involves a change in the marketplace,” said Ohio Public Utilities Commissioner Paul Centolella in a kick-off panel discussion. “The rising cost of generation capacity and fuel, the falling cost of communications and control technology, living in a carbon constrained environment, and the parallel need for a smart grid to support a digital economy are driving factors for demand response.”
Centolella stated that understanding customer behavior will be a barrier in implementing demand response because the industry is largely comprised of engineers, lawyers and accountants not people who have studied customer behaviors.
In addition to Centolella, other presenters were Kim Pizzingilli of the Pennsylvania Public Utility Commission, Alan Friefeld of the Maryland Public Service Commission and Robert Lieberman of the Illinois Commerce Commission. Frank Magnotti of Comverge and Wayne Harbaugh of Baltimore Gas and electric (BGE) also presented.
Companies such as BGE are learning about customer behaviors through pilot programs such as their Smart Energy Savers Program, which includes AMI, energy conservation and dynamic pricing, and, which was presented at the symposium.
The results of the two-day discussions will soon be posted to the PJM Web site and provide the basis for the development of demand response in the PJM region during the coming year.
PJM Interconnection ensures the reliability of the high-voltage electric power system serving 51 million people in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. PJM coordinates and directs the operation of the region’s transmission grid, which includes 6,038 substations and 56,250 miles of transmission lines; administers a competitive wholesale electricity market; and plans regional transmission expansion improvements to maintain grid reliability and relieve congestion. Visit PJM at .
PJM Interconnection

Posted by : admin in (Energy)

MRV’s 1Q08 Net Income Is 1,416% Higher Than in 1Q07

BELO HORIZONTE, Brazil, May 13 /PRNewswire-FirstCall/ — MRV Engenharia e Participacoes S.A. (Bovespa: MRVE3) recorded a 199% increase in net operating revenue, which reached R$184.0 million in 1Q08, compared to R$61.5 million in the first quarter of 2007 (1Q07).EBITDA grew by 492%, from R$7.5 million in 1Q07 to R$44.5 million in the first quarter of this year.Net income for the period was R$50.8 million, a 1,416% increase against the R$3.3 million net income recorded in the same period last year.HighlightsThe Company launched 6,728 units this quarter, which corresponds to PSV of R$691.5 million, representing a significant growth of 223% when compared to 1Q07.MRV’s contracted sales totaled 3,210 units, amounting to R$340.1 million, a 161% increase against Contracted Sales in the same period the previous year (R$130.2 million).Given the Company’s entrepreneurial spirit and forecast of an excellent opportunity in logistics, MRV is incorporating subsidiary MRV Logistica S.A. (”MRV LOG”), acting in the development, contract Warehousing, rental of Distribution Centers, Industrial Condominiums, Hubs and Logistics Parks.Also in this quarter, MRV Engenharia’s shares have been included by Bovespa, since early May, in the theoretical portfolio Index IBrX - BRASIL and in its segment indicator index IVBX-2.The Company will hold its 1Q08 results conference call on Tuesday, May 13 in Portuguese and English.In order to view MRV’s disclosure documents and find out how to access the calls, please visit our Investor Relations website: . MRV Engenharia e Participacoes S.A.

Posted by : admin in (Energy)

Carrizo Oil & Gas, Inc. Announces Conference Call for First Quarter 2008 Financial Results

HOUSTON, May 2 /PRNewswire-FirstCall/ — Carrizo Oil & Gas, Inc. will hold a conference call to discuss 2008 first quarter financial results on Thursday, May 8, 2008 at 10:00 AM Central Daylight Time. Carrizo plans to issue an earnings press release prior to the market opening on Thursday, May 8, 2008. (Logo: ) Date & Time: Thursday, May 8 at 10:00 AM Central Daylight Time Dial-In Number: (800) 917-9975 (U.S. & Canada) (212) 231-2905 (Intl./Local) Telephone Replay Number: 800-633-8284 (U.S. & Canada) 402-977-9140 (Intl./Local) Enter Replay Reservation #: 21382273 for U.S., Canadian and International callers. Replay available through Thursday, May 15, 2008 at 11:59 AM Central Daylight TimeCarrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, exploitation and production of oil and natural gas primarily in proven trends in the Barnett Shale area in North Texas and along the onshore Texas and Louisiana Gulf Coast regions. Carrizo is also engaged in exploration activities in the UK North Sea. Carrizo controls significant prospective acreage blocks and utilizes advanced 3-D seismic techniques to identify potential oil and gas reserves and drilling opportunities. Contact: Carrizo Oil & Gas, Inc. B. Allen Connell, Director of Investor Relations Paul F. Boling, Chief Financial Officer (713) 328-1000Carrizo Oil & Gas, Inc.

Posted by : admin in (Energy)

Tuv Nel Selects Enviro Voraxial Technology to be Guest Speaker at Produced Water Workshop in Scotland

FORT LAUDERDALE, Fla., April 17 /PRNewswire-FirstCall/ — Enviro Voraxial Technology, Inc. (OTCBB: EVTN) announced today that it was selected to be a guest speaker at Tuv Nel’s 6th Annual Produced Water Workshop. The Workshop will be held April 23-24 in Aberdeen, Scotland.At the Workshop, EVTN will discuss the customers’ applications it is now pursuing. EVTN is working with numerous oil and oil service companies to use the Voraxial(R) Separator for oil/water and liquid/solid separation in various segments of the industry. These segments include produced water (both onshore and offshore), slop oil treatment, deckwater treatment, tar-sands and refinery applications.EVTN will also review the advantages, benefits and more specifically, the recent upgrades to the Voraxial(R) Separator. The upgrades are significant. Within the same footprint, the Voraxial can now process a larger volume of liquids while requiring less energy and less maintenance. The most impressive benefit is the 300ACIORFIPROCENTE increase in “g” force. This increase in “g” force has a major impact on separation efficiency, allowing the Voraxial to be used in more applications.The Voraxial(R) Separator provides a cost effective method to efficiently separate large volumes of solids and liquids with different specific gravities. Without creating a pressure loss, the Voraxial(R) provides for superior separation while decreasing the amount of space, energy and weight to conduct the separation — all of which are precious commodities on the offshore platform.According to Tuv Nel, “attending delegates will be able to keep abreast with the latest technological and legislative developments as well as current practices and trends in produced water management, treatment and handling … .” Government bodies, offshore operators, technology and equipment suppliers as well as consultancy and R&D organizations will be among the audience. Click here for offshore produced water video demonstration: (DSL link): (56K link): About Enviro Voraxial(R) TechnologyEnviro Voraxial(R) Technology, Inc.’s patented Voraxial(R) Separator is a cost-efficient, continuous flow separator that simultaneously separates liquid/liquid, liquid/solid or liquid/liquid/solid mixtures at extremely high flow rates while achieving very high levels of purity. The technological superiority of the Voraxial(R) Separator over conventional technologies is in its ability to produce a real-time, high “g” centrifugal force to yield a high-purity product or products at a volume of 3 gallons per minute to more than 10,000 gallons per minute. The Voraxial(R) Separator technology is scaleable and universal in its implementation. Although the Voraxial(R) Separator is applicable to almost any industry separation process, the Company is focusing its near-term efforts in the following five vertical markets: oil exploration and production, oil refineries, mining, manufacturing and municipal wastewater industry.EVTN is continuing to develop and market its Voraxial(R) Separator as stand-alone technology as well as a key component of a turnkey separation system to improve the efficiency of self-contained treatment systems for multiple applications.Safe Harbor Disclosure — This Press Release contains or incorporates by reference “forward-looking statements,” including certain information with respect to plans and strategies of Enviro Voraxial(R) Technology, Inc. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including Enviro Voraxial(R) Technology, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Enviro Voraxial(R) Technology, Inc. as of such date. There are a number of important factors that could cause actual events or actual results of Enviro Voraxial(R) and its subsidiaries to differ materially from those indicated by such forward-looking statements.Company web site: Enviro Voraxial Technology, Inc.

Posted by : admin in (Energy)

Petrohawk Energy Corporation Acquires Additional Acreage in Haynesville Shale

HOUSTON, April 8, 2008 /PRNewswire-FirstCall/ — Petrohawk Energy Corporation (”Petrohawk” or “the Company”) has entered into agreements with several private parties to acquire additional leasehold interests in the Haynesville Shale area of North Louisiana. These agreements also include rights to other formations.These additions bring Petrohawk’s acreage position in the Haynesville Shale play to over 70,000 net acres, including approximately 30,000 net acres in Elm Grove field, historically the Company’s largest producing property with natural gas production from the Hosston and Cotton Valley formations.”This expansion in the emerging Haynesville Shale play is part of our ongoing efforts to add substantially to our lower-risk, higher-margin inventory of drilling opportunities in core areas where we bring experience and economies of scale to the table,” said Floyd C. Wilson, Chairman, President and CEO.Floyd C. Wilson to Present at IPAA Oil and Gas SymposiumMr. Wilson will present today at 11:45 a.m. Eastern Daylight Time at the Independent Petroleum Association of America’s Oil and Gas Investment Symposium being held at the Sheraton NY Hotel & Towers in New York City. A link to the Webcast will be available at .Petrohawk Energy Corporation is an independent energy company engaged in the acquisition, production, exploration and development of natural gas and oil with properties concentrated in North Louisiana (Elm Grove, Haynesville Shale and Terryville), Arkansas (Fayetteville Shale), East Texas, Oklahoma and the Permian basin.For more information contact Joan Dunlap, Vice President - Investor Relations, at (832) 204-2737 or . For additional information about Petrohawk, please visit our website at .Additional Information for InvestorsThis press release contains forward-looking information regarding Petrohawk that is intended to be covered by the safe harbor “forward-looking statements” provided by of the Private Securities Litigation Reform Act of 1995, based on Petrohawk’s current expectations and includes statements regarding acquisitions and divestitures, estimates of future production, future results of operations, quality and nature of the asset base, the assumptions upon which estimates are based and other expectations, beliefs, plans, objectives, assumptions, strategies or statements about future events or performance (often, but not always, using words such as “expects”, “anticipates”, “plans”, “estimates”, “potential”, “possible”, “probable”, or “intends”, or stating that certain actions, events or results “may”, “will”, “should”, or “could” be taken, occur or be achieved). Statements concerning oil and gas reserves also may be deemed to be forward-looking statements in that they reflect estimates based on certain assumptions that the resources involved can be economically exploited. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those, reflected in the statements. These risks include, but are not limited to: the risks of the oil and gas industry (for example, operational risks in exploring for, developing and producing crude oil and natural gas; risks and uncertainties involving geology of oil and gas deposits; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to future production, costs and expenses; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; health, safety and environmental risks and risks related to weather such as hurricanes and other natural disasters); uncertainties as to the availability and cost of financing; fluctuations in oil and gas prices; risks associated with derivative positions; inability to realize expected value from acquisitions, inability of our management team to execute its plans to meet its goals, shortages of drilling equipment, oil field personnel and services, unavailability of gathering systems, pipelines and processing facilities and the possibility that government policies may change or governmental approvals may be delayed or withheld. Additional information on these and other factors which could affect Petrohawk’s operations or financial results are included in Petrohawk’s other reports on file with the SEC. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Petrohawk does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.Cautionary Note to U.S. InvestorsIn its filings with the Securities and Exchange Commission, Petrohawk is permitted to disclose only proved reserves that it has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. Petrohawk uses certain terms in this press release, such as “probable”, “possible” or “potential” in relation to reserves that the SEC’s guidelines strictly prohibit it from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of the Company not actually realizing them. Investors are urged to closely consider Petrohawk’s disclosure of its proved reserves, along with certain risks and uncertainties inherent in its business, set forth in its filings with the SEC. Petrohawk Energy Corporation

Posted by : admin in (Energy)

Alon USA Provides Big Spring Refinery Update

DALLAS, April 7, 2008 /PRNewswire-FirstCall/ — Alon USA Energy, Inc. (”Alon”) today announced that an asphalt tank fire had temporarily affected the re-start of its Big Spring refinery. The tank fire was quickly controlled and charge to the crude unit was suspended as a precautionary measure. The refinery’s reformer continues to operate and re-start of the crude unit could begin as early as Tuesday. The asphalt tank is located in an isolated area away from the refinery’s process units and all re-construction work on the refinery is continuing as planned.”I continue to be pleased by our progress. We knew the re-start process would be challenging and I commend again the commitment shown by my colleagues. We will continue the re-start and our rebuild work as planned,” said Jeff Morris, President and CEO of Alon.Alon’s Big Spring refinery is located 290 miles west of Dallas in West Central Texas. It employs approximately 170 people and is one of four Alon refineries.About Alon USA Energy, Inc.Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company owns and operates four sour and heavy crude oil refineries in Texas, California and Oregon, with an aggregate crude oil throughput capacity of approximately 170,000 barrels per day. Alon markets gasoline and diesel products under the FINA brand name and is a leading producer of asphalt. Alon also operates more than 300 convenience stores in West Texas and New Mexico primarily under the 7-Eleven and FINA brand names and supplies motor fuels to these stores from its Big Spring refinery. In addition, Alon supplies approximately 800 additional FINA branded locations.Any statements in this press release that are not statements of historical fact are forward-looking statements. Forward-looking statements reflect Alon’s current expectations regarding future events, results or outcomes, including Alon’s expectations regarding the potential damages and planned repairs to the Big Spring refinery. Such statements are based upon current beliefs and expectations of Alon’s management and are subject to risks and uncertainties, some of which are beyond Alon’s control, which could result in Alon’s expectations not being realized. Actual results could differ materially from those expressed in the forward-looking statements contained in this press release because of a variety of factors. Contacts: Claire A. Hart, Senior Vice President Alon USA Energy, Inc. 972-367-3649 Investors: Jack Lascar/Sheila Stuewe DRG&E / 713-529-6600 Media: Blake Lewis Lewis Public Relations 214-269-2093 Ruth Sheetrit SMG Public Relations 011-972-547-555551Alon USA Energy, Inc.

Posted by : admin in (Energy)

Alon USA Provides Big Spring Refinery Update

DALLAS, April 7, 2008 /PRNewswire-FirstCall/ — Alon USA Energy, Inc. (”Alon”) today announced that an asphalt tank fire had temporarily affected the re-start of its Big Spring refinery. The tank fire was quickly controlled and charge to the crude unit was suspended as a precautionary measure. The refinery’s reformer continues to operate and re-start of the crude unit could begin as early as Tuesday. The asphalt tank is located in an isolated area away from the refinery’s process units and all re-construction work on the refinery is continuing as planned.”I continue to be pleased by our progress. We knew the re-start process would be challenging and I commend again the commitment shown by my colleagues. We will continue the re-start and our rebuild work as planned,” said Jeff Morris, President and CEO of Alon.Alon’s Big Spring refinery is located 290 miles west of Dallas in West Central Texas. It employs approximately 170 people and is one of four Alon refineries.About Alon USA Energy, Inc.Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company owns and operates four sour and heavy crude oil refineries in Texas, California and Oregon, with an aggregate crude oil throughput capacity of approximately 170,000 barrels per day. Alon markets gasoline and diesel products under the FINA brand name and is a leading producer of asphalt. Alon also operates more than 300 convenience stores in West Texas and New Mexico primarily under the 7-Eleven and FINA brand names and supplies motor fuels to these stores from its Big Spring refinery. In addition, Alon supplies approximately 800 additional FINA branded locations.Any statements in this press release that are not statements of historical fact are forward-looking statements. Forward-looking statements reflect Alon’s current expectations regarding future events, results or outcomes, including Alon’s expectations regarding the potential damages and planned repairs to the Big Spring refinery. Such statements are based upon current beliefs and expectations of Alon’s management and are subject to risks and uncertainties, some of which are beyond Alon’s control, which could result in Alon’s expectations not being realized. Actual results could differ materially from those expressed in the forward-looking statements contained in this press release because of a variety of factors. Contacts: Claire A. Hart, Senior Vice President Alon USA Energy, Inc. 972-367-3649 Investors: Jack Lascar/Sheila Stuewe DRG&E / 713-529-6600 Media: Blake Lewis Lewis Public Relations 214-269-2093 Ruth Sheetrit SMG Public Relations 011-972-547-555551Alon USA Energy, Inc.