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Stock Market & Financial Investment News

News Breaks
June 25, 2014
14:07 EDTNEE, PQNextEra Energy subsidiary, PetroQuest partnering on new nat gas venture
Florida Power & Light, a subsidiary of NextEra Energy (NEE), announced it is partnering with PetroQuest Energy (PQ) on a new venture to develop up to 38 natural gas production wells in the Woodford Shale region in southeastern Oklahoma. PetroQuest will oversee and operate those wells. FPL will receive a portion of the natural gas produced from each well for its use. As part of its petition, FPL asked the Florida Public Service Commission to approve guidelines for future natural gas production projects to allow the company, and in turn its customers, to take advantage of future beneficial natural gas investment opportunities. "By investing in natural gas production at the source rather than paying full market prices, FPL is projecting customer savings of up to $107M over the life of the first project," the company said.
News For NEE;PQ From The Last 14 Days
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September 30, 2014
06:33 EDTPQPetroQuest announces sale of Eagle Ford assets for about $9.7M
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September 25, 2014
14:56 EDTNEEBerkshire, CenterPoint, others exploring bids for Oncor, Bloomberg reports
Berkshire Hathaway (BRK.A), CenterPoint Energy (CNP), Hunt Consolidated, and NextEra Energy (NEE) have signed confidentiality agreements to explore potential bids for Energy Future Holdings Corp.'s electricity distributor, Oncor, Bloomberg says, citing people familiar with the matter. NextEra Energy's bid for Oncor earlier this year valued Oncor at more than $17.5B, Bloomberg added. A total of ten potential bidders have signed confidentiality agreements. Reference Link
September 22, 2014
07:27 EDTPQIndependent Petroleum Association of America to hold a conference
IPAA OGIS San Francisco on September 22-24.
September 21, 2014
13:14 EDTNEEBidding now open on Energy Future Holdings's rights to Oncor, WSJ says
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