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Southern Company, Equinor, North Dakota Production: Your Daily Energy News

Scan through a selection of energy-related news highlights that we think will interest our clients.

Released Tuesday, June 18, 2019

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

POWER
Southern Company Sells Texas Generating Facility
- Southern Company (NYSE:SO) announced that it has closed the sale of the biomass-fired Nacogdoches Generating Facility in Texas to Austin Energy for $460 million. (Plant 1056993) (PR Newswire)

PRODUCTION
Equinor Arctic Exploration Well Proves Dry
- Equinor's (NYSE:EQNR) exploration well drilled near its Korpfjell gas find in the Norwegian Arctic has proved to be dry, Norway's Petroleum Directorate said on Monday, in an area near the Russian offshore border the company had hoped would be oil rich. This is another disappointment for Norway, which hoped that the Barents Sea could become its new oil and gas province. (Reuters)

North Dakota's April Gas Production Shows Increase, Oil Flat - North Dakota's crude oil production was flat in April, just below a record set earlier this year, state regulators said Friday. The state produced 1.39 million barrels per day, just 572 barrels below March's average. It produced a record 2.86 billion cubic feet per day of natural gas in April, up less than 26,000 cubic feet from March. (Kallanish Energy)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, eight offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
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