4 Energy Stock Stories To Close the Trading Week

Royal Dutch Shell (NYSE:RDSA): Current price $24.92

On Thursday, Williams Partners (NYSE:WPZ) agreed to launch a new midstream joint venture with Shell to supply gas gathering and gas processing services for output located in Northwest Pennsylvania. The venture will invest in both wet-gas handling infrastructure and dry gas infrastructure, serving Marcellus and Utica Shale wells in the area. The new venture, Three Rivers Midstream, has secured a long-term fee-based dedicated gathering and processing agreement for Shell’s production in the area, including roughly 275,000 dedicated acres.

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RDSA

Range Resources Corporation (NYSE:RRC): Current price $78.69

The company has reported that its first quarter production volumes reached a record high of 876 Mmcfe per day, marking a-34 percent rise over -the prior-year quarter. Output breaks down into 79 percent natural gas, 14 percent natural gas liquids, and 7 percent crude oil and condensate. Year-over-year oil and condensate production rose by 52 percent, NGL production rose 22 percent, while natural gas production increased 34 percent. The record output was driven by the continued success of Range’s drilling program, mostly in the Marcellus Shale.

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RRC

Phillips 66 (NYSE: PSX): Current price $60.60

Phillips has reported emission at its Rodeo refinery in California related to an unplanned unit shutdown. The refinery has a capacity for 76,000 barrels per day.

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PSX

HollyFrontier Corporation (NYSE: HFC): Current price $46.14

The corporation and Holly Energy Partners announced Thursday that they are working jointly to establish a rail facility that will enable crude oil loading and unloading near HollyFrontiers Artesia and/or Lovington, New Mexico refining facilities. The rail project will be linked with Holly Energy’s crude oil pipeline transportation system in southeastern New Mexico, and will have an initial capacity of as much as 70,000 barrels per day, permitting access to a variety of crude oil types including West Texas Intermediate, West Texas Sour and Western Canadian Select. Project completion is anticipated by early 2014.

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HFC

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