Noble Royalties Closes $10.34 Million, 2,100 Producing Well Royalty Acquisition

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ADDISON, Texas, March 2, 2012 /PRNewswire/ — Noble Royalties has closed the purchase ofproducing oil and natural gas royalties from more than 2,100 wells in 75 counties and 8 states for $10.34 million from an undisclosed seller. The 30% oil, 50% natural gas and 20% Natural Gas…
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Obama: Conservation boosts economy

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President Obama said Friday that wilderness conservation provides both an environmental and economic lift to the country.
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A Chevrolet Volt undergoes a quality inspection on the production line at a General Motors assembly plant in Michigan on Nov. 30, 2010. (AP file photo/Paul Sancya)

GM to suspend production of Chevrolet Volt

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The Volt was rolled out with great fanfare in late 2010 but has since hit bumps in the road.

WRAPUP 1-Iran parliament vote seen bolstering Supreme Leader

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TEHRAN, March 3 (Reuters) – Iranians wrapped up a
parliamentary election likely to reinforce Supreme Leader
Ayatollah Ali Khamenei’s power over rival hardliners led by
President Mahmoud Ahmadinejad.

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GM suspends electric Volt production

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Work on the Chevrolet model is halted for five weeks to reduce a backlog of vehicles after disappointing sales, with Detroit workers sent home
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Matador Resources Company Announces Exercise of Over-Allotment Option

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DALLAS, March 2, 2012 /PRNewswire/ — Matador Resources Company (NYSE: MTDR) announced today that the underwriters of its recently completed initial public offering of common stock have exercised their over-allotment option to purchase an additional 1,550,000 shares of Matador’s…
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Parsons to step down as Citi chairman

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He will be replaced by Michael O’Neill, a fellow director and former Bank of America executive
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Delek reports FCC regenerator malfunction at Texas refinery

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(For refinery outages in the Reuters Oil Fundamentals Database
see http://bond.views.session.rservices.com/CE/ or go to
)

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Risk assets ease back from recent highs

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Equities and commodities pull back as hopes for continued central bank support battle oil price caution
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Kosmos to focus on Ghana in 2012

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Dallas-based Kosmos Energy plans to spend about $600 million this year with
90% of that devoted to its operations in Ghana and the bulk of its
development plans focussed on the Jubilee project.
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