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Bakken shale: Prosperous play's new oil estimates could influence pipeline plans

2013-05-02 15:38:19| Climate Ark Climate Change & Global Warming Newsfeed

EnergyWire: The resource potential of the booming Bakken Shale oil and gas zone is much bigger than previously thought, U.S. government geologists announced yesterday. A new assessment of oil and gas reserves in that region by the U.S. Geological Survey concludes that industry could have access to almost double the amount of hydrocarbons previously calculated in parts of North Dakota, South Dakota and Montana. That rapid increase in the reserve estimate comes mainly from a first-time assessment of the Bakken...

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JV Purchases Multifamily Properties for $39.5M, Plans to Rebrand, Renovate

2013-05-02 14:20:00| National Real Estate Investor

A joint venture composed of Ridge Capital Investors LLC and Redwood Real Estate Partners, has acquired Saratoga Downs Apartments and Sheveland Ranch Townhomes for $39.5 million. The adjoining class-A properties, totaling 178 units, will be combined and rebranded to the Saratoga Downs at Sheveland Ranch. read more

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Fairfield Properties Acquires Woodlands Office Park, Plans Improvement Program

2013-05-02 02:33:00| National Real Estate Investor

Fairfield Properties has acquired Woodlands Office Park, located at 700-800 Veterans Memorial Highway in Hauppauge, N.Y. for $7.95 million. read more

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Facebook's big data plans include warehouses, faster analytics

2013-05-01 14:26:29| InfoWorld: Top News

Facebook may treasure the data it has on its one billion-plus users for its advertising returns, but the analysis the site performs on that data is expected to continue to pose numerous challenges over the coming year, an engineer said.

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ION Geophysical Plans $175MM Notes Offering

2013-05-01 11:35:00| OGI

Net proceeds will be used to repay existing debt and for general corporate purposes, including contributions to the GeoRXT joint venture.

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