Overview The lawsuit between Solo Cup Company (“Solo”) and Trigen-Cinergy Solutions (“Trigen”) arose out of an Energy Services Agreement and Equipment Lease that Solo entered into with Trigen to construct an 11.2-megawatt electricity co-generation plant at the Owings Mills facility. Solo was under the impression that by entering into this agreement, they would save at least $820,000 in energy costs annually, which was to be prepaid by Trigen and eventually paid back by Solo over 20 years. After Solo did analyses on the project, they discovered they would actually be losing money in the first year of the contract, and took action to sever the contract. Arbitration then took place to award damages to the rightful party. After extensive review of the relevant facts in this dispute, it has come to my attention that the loss contingency is incorrectly booked for Solo Cup Company.
| Patterson-uti energy(Nasdaq: pten) | BUY | EPS (2012) = $2.50 | Target Price (2012): $28.00 | P/E (ttm) = 8.53 | Qualitative Risk Assessment:Above Average Risk | | Report Date | March 28, 2012 | | Recent Price | $17.55 | | 52-Week Range | $15.06 – $34.09 | | 52-Week %Δ | -55.82% | | Avg. Vol. (3m) | 4.102,740 | | Shares Out. (mrq) | 183,295,000 | | Sector | Basic Materials | | Industry | Oil & Gas Drilling & Exploration | Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and gas drilling and exploration company in North America. Patterson operates within three business segments: Contract Drilling, Pressure Pumping and Oil and Natural Gas Exploration and Production.
Environmental Protection Agency estimated that 70 to 140 billion gallons of water are used to fracture 35,000 wells in the United States each year. This is approximately the annual water consumption of 40 to 80 cities each with a population of 50,000. Fracture treatments incoalbed methane wells use from 50,000 to 350,000 gallons of water per well, while deeper horizontal shale wells can use anywhere from 2 to 10 million gallons of water to fracture a single well. The extraction of so much water for fracking has raised concerns about the ecological impacts to aquatic resources, as well asdewatering of drinking water aquifers. It has been estimated that the transportation of a million gallons of water (fresh or waste water) requires 200 truck trips.
The Keystone XL Pipeline: It’s a Good Thing By: Samantha Prewitt The Keystone XL Pipeline: It’s a Good Thing The Keystone XL Pipeline Project is a proposed crude oil pipeline that begins in Hardisty, Alberta, Canada, crosses through an international border and ends in Steele City, Nebraska. From here it connects with existing pipelines, which will allow American oil producers more access to the large refining areas located in the Midwest and along the US Gulf Coast. It has been six years since TransCanada has applied for approval for this project and the project itself has gone through three revisions, including two reroutes of the pipeline itself. This article will attempt to dissect the benefits of the Keystone XL project and what it
jenny 12 April, 2012 Oil Pipeline in Alaska “Built in the 1970s after oil was discovered at Prudhoe Bay (1968), the 48-inch diameter, 800-mile pipeline links Prudhoe Bay on the Arctic Ocean with the terminal at Valdez, the northernmost ice-free port in the Western Hemisphere.” (Aurora Webmasters). The oil pipeline in Alaska is modem project. It was perfect designed for environmental safety; however, it was upsetting animal trails. It was also representatives for oil industry and developed economic in Alaska. Alaska pipeline is the largest pipeline system in the world.
Some of the major negative economic effects of natural gas drilling are the enormous amounts of pollutants released into our water sources. With estimates coming close to 50 trillion cubic feet of natural gas sitting in the Marcellus, it’s no wonder companies are willing to drill at any cost to the local water systems and communities. In other words, there is conservatively two trillion dollars in nature gas reserves sitting right under us. The problem with fracking is being able to find an economical and environmentally friendly way to dispose of the waste water. There are approximately thirteen treatment plants used to deal with the waste water that is accumulated by the massive fracking operations all over the state.
As a result of gas station paying more for their gasoline, this will increase the amount the customer will have to pay for gasoline. According to the Federal Trade Commission, The storm “affected 19% of the United States oil production. Hurricanes Katrina (and a smaller previous Hurricane Rita) destroyed 113 offshore oil and gas platforms, damaged 457 oil and gas pipelines, and spilled nearly as much oil as the Exxon Valdez oil disaster”. This caused oil prices to increase by $3 a barrel, and gas prices to nearly reach $5 a gallon. Because of the devastation of hurricane Katrina many of the United States oil refineries were damaged, causing a decrease in gas supply.
Since drilling in this area began, attempts were made at expanding the operation to encompass the Coastal Plains section of the refuge. However, the National Interest Land Conservation Act was passed in 1980 which designated the 1.4 million acres of the coastal plains as a study area. In is in this section of the Wildlife Refuge that there is controversy over whether or not to drill. Although the numbers are not exact, it is estimated that there are close to 8 million barrels of recoverable crude oil that can be drilled for in the contested area of the refuge. The laws that apply within the refuge state that the construction of buildings, roads, and pipelines are forbidden and Congress is the only body that can approve of any
Development of infrastructure plays the main role in environmental devastation. “From 1985 to 2010 the number of hotel rooms has been forecasted to double from 65thousands to 132thousands and 2” (Lukasz Darowski et al. 1). The materials and energy required for this development has a huge impact on the environment. According to a biologist Hawaii survey done by Bishop Museum around 60% species are already endangered.
One hundred year of oil: Oil was found at Masjed Soleyman in southwestern Iran on May 26, 1908, and three years later was piped down to a newly built refinery at Abadan on the Iranian side of the Shatt alrab, not many miles below Basra. Its global importance was immediately recognized, not just by the Admiralty in London, looking for new sources of supply for its oil-fired battleships, but in other European capitals as well leading to a brief British-German-Turkish skirmish for control of the pipeline at the start of World War I. How oil is formed: Millions of years ago, plants and animals living in the ocean absorbed energy from the sun and stored this energy in their bodies in the form of carbon. As these animals died, their bodies sank to the bottom of the ocean where they were covered with layers of sediment deposits. OPEC: OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry.