Oil and gas companies Goodrich Petroleum Corp., Brigham Exploration and Production Co. and Penn Virginia Corp. declared quarterly losses, as commodity prices slipped, but forecast a strong second half citing lower costs and surging production. For full story, click here
The LNG Opposition Team, a group established to derail the plans of Virginia-based AES, which expects to build a liquid natural gas terminal in eastern Baltimore County declared that it has scheduled a press conference at 11 a.m. today in Turners Station. For full story, click here
Penn Virginia Corporation declared that its bank group has completed a semi-annual re-determination of the borrowing base under its revolving credit facility. As a result, the borrowing base has been revised to $450 million, or approximately six percent less than its previous level of $479 million. For full story, click here
The federal government said that it is going forward with a process to begin allowing oil and gas exploration off the Virginia coast. For full story, click here
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