Whittier Energy Company News

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Sterling Completes $145M Acquisition of Whittier
Sterling Energy PLC, has completed its $145 million cash acquisition of all of the issued and to be issued share capital of Whittier, an onshore US Gulf Coast exploration and production company, which was conditionally announced on 19 January 2007.
8:00 PM EST | March 28, 2007
Whittier Stockholders Okay Sterling Merger
Whittier Energy Corp. said that the proposed merger with Sterling Energy plc was approved at the special meeting of stockholders held Tuesday in Houston, Texas.
8:00 PM EST | March 26, 2007
Sterling Energy to Acquire Whittier Energy for $188 Million
Whittier Energy has entered into a definitive merger agreement with Sterling Energy plc under which Sterling will acquire all of the outstanding shares of Whittier for $11.00 per share in cash.
7:00 PM EST | January 18, 2007
Whittier Ups Capital Budget by 19%
Whittier Energy Corporation on Wednesday announced a $39 million capital expenditure budget for 2007.
7:00 PM EST | January 10, 2007
Whitter Says Daily Production Reaches 20 mmcfed
Whittier Energy says that its current daily production has now reached 20 million cubic feet equivalent per day (Mmcfed). In addition, the Company has now successfully drilled 24 new wells out of a total of 27 wells drilled year-to-date in 2006.
8:00 PM EST | August 31, 2006
Whittier Announces Drilling and Operations Update
Whittier Energy Corp. said that it has successfully drilled 17 new wells in the first half of 2006 out of a total of 20 wells drilled.
8:00 PM EST | August 06, 2006
Max Petroleum Taps Young for CFO
Max Petroleum PLC said that Michael B. Young has been appointed as the company's chief financial officer, effective Sept. 1, 2006.
8:00 PM EST | August 02, 2006
Whittier to Acquire Producing Properties for $31.9 Million
Whittier Energy has entered into two separate agreements to purchase oil and gas properties with approximately 18,900 thousand cubic feet of gas equivalents for a total cash purchase price of $31.9 million.
8:00 PM EST | May 01, 2006
Whittier Energy Sets Budget at $27 Million
Whittier Energy has approved a $27 million capital expenditure budget for 2006. Whittier is planning to drill a total of 39 wells during 2006, including 14 proved undeveloped locations and 25 non-proved locations.
7:00 PM EST | February 01, 2006
Whittier Energy Escapes Hurricane Rita Damage
Whittier Energy says that none of its major oil and gas fields suffered any significant physical damage from either Hurricane Katrina or Hurricane Rita.
8:00 PM EST | September 27, 2005
Whittier Energy to Acquire RIMCO Production
Whittier Energy has entered into a definitive agreement to acquire RIMCO Production Company for $56 million.
8:00 PM EST | April 19, 2005
Whittier Energy Spuds Rachal #1 Well in Webb County
Whittier Energy has began drilling the 7,700' Rachal #1 exploratory well in December 2004. Whittier has a 30% operated working interest in the Rachal Prospect.
7:00 PM EST | December 16, 2004
Whittier Expands Louisiana & Texas Portfolio
Whittier Energy reports that it has acquired two new prospects in its core operating areas of Texas and Louisiana. The Company also acquired an additional interest in the Rayne field in Louisiana.
7:00 PM EST | November 03, 2004
Whittier Energy Acquisition of South Texas Gas Properties
Whittier Energy has completed its $7.5 million acquisition of various operated working interests in three South Texas gas fields, subject to the terms and conditions announced earlier this month.
8:00 PM EST | June 20, 2004
Whittier Energy Closes Private Equity Offering
Whittier Energy has completed the initial closing of a private placement of units, with each Unit consisting of 15,000 shares of the Company's common stock and a warrant to purchase an additional 15,000 shares of common stock at an exercise price of $2.50 per share.
8:00 PM EST | June 20, 2004
Whittier Purchases South Texas Gas Properties for $7.5 Mln
Whittier Energy has agreed to acquire various operated working interests in three gas fields in South Texas for approximately $7.5 million.
8:00 PM EST | June 15, 2004
Whittier Energy Acquires Operatorship of Cut Off Field
Whittier Energy has acquired an operated working interest in the Cut Off Field located in Lafourche Parish, Louisiana for $1.65 million
8:00 PM EST | May 13, 2004
Whittier Energy Acquires Interest in Bonnie View Field
Whittier acquired an additional 5% interest in the Bonnie View Field for approximately $95,000, increasing its working interest ownership to 71.38%.
8:00 PM EST | April 14, 2004