Magellan Midstream Partners, L.P., a master limited partnership (MLP) formed to own energy assets, announced that its Q311 distribution would be C$0.80 per common unit, which was above the estimates of brokerage firm Wunderlich Securities.

The horizontal wells drilled by junior oil and gas company RMP Energy (RMP:TSX) in the Montney formation indicated test rates of 1,863 barrels of oil equivalent per day (boe/d), 1,413 boe/d and 434 boe/d.

Oil and Gas company Whitecap Resources (WCP:TSX) announced recently that it has increased its bank line 31 percent to $190 million.

Although oil production is not new to Ohio, it is gaining more of a presence in the production that is stemming from the Utica shale.

The retirement of many baby boomers will soon leave the oil industry with a wealth of inexperienced employees.

While North Dakota may be known for having the country's largest production of sunflowers, the director of the state's Department of Mineral Resources (DMR) predicts that it will soon become the nation's second-largest oil producer.

Brokerage firm Wunderlich Securities announced on October 13 that it has initiated coverage of Master Limited Partnership (MLP) Tesoro Logistics LP (TLLP:NYSE) with a BUY rating and target share price of C$27.50.

Although hydraulic fracturing (fracking) activity may require substantial amounts of water, the impact on the water resources in Texas may not be as bad as some market observers think.