Samson Resources II agrees to sell its powder River Basin assets for $215 million

first_imgUsing proceeds from the sale, the Company will pay off approximately $13 million in debt under its existing reserve-based credit facility and make a cash distribution to its unitholders.  The details of the distribution are expected to be announced in early March 2021.Joseph A. Mills, President and CEO of the Company stated, “We are very pleased to announce the sale of our Powder River Basin assets.  When this sale closes, it will conclude the four-year process of monetizing Samson’s assets and delivering a strong cash return to our equity owners following our emergence from bankruptcy in March 2017.”Following the closing, the Company, which was started by Charles Schusterman in 1971, will begin the process of winding down its affairs and moving toward final dissolution.Jefferies LLC is Samson’s exclusive financial advisor and led the marketing process for the Powder River basin assets.  Willkie Farr & Gallagher LLP acted as legal counsel to Samson. Samson Resources II, has announced that it has entered into a definitive agreement under which Samson will sell all of its Powder River Basin assets to an undisclosed buyer for $215 million in an all-cash transaction.  The Company exited 2020 producing approximately 8,500 barrels of oil equivalent per day (75% oil) from the Powder River Basin.  The sale is expected to close on or around March 4, 2021 and will have a January 1, 2021 effective date.  Following the closing, the Company will have divested substantially all of its upstream assets. The Company’s only remaining upstream oil and gas assets will consist of approximately 24,000 net leasehold acres, 23,000 net mineral acres and 40 non-operated wells, all located in East Texas, Oklahoma and Louisiana, which the Company anticipates divesting in early 2021. The Company exited 2020 producing approximately 8,500 barrels of oil equivalent per day (75% oil) from the Powder River Basin.  The sale is expected to close on or around March 4, 2021 and will have a January 1, 2021 effective date Samson Resources II to sell its powder River Basin assets. (Credit: Pixabay/James Armbruster.) Source: Company Press Releaselast_img read more

Vegan cakes

first_imgQ: “I have been asked to make a vegan birthday cake for a one-year-old who is allergic to dairy products and eggs. Do you have any tips on what I can use instead of these ingredients? I am worried about coming up with a really awful- tasting cake.”A: Firstly, don’t worry, it is perfectly possible to make tasty cakes without dairy products and eggs. Just be aware that the eggs in a cake batter are there to allow the cake to rise and become light and fluffy when baked, so replacing them means that egg-less sponges tend to have a slightly different taste and texture to traditional sponge cakes.There are many vegan cake recipes, so I suggest that you start by trying a few to see which you like. To start you off, I have a lovely vegan chocolate cake recipe on my blog that makes either a 23cm (9in) cake or 36 cupcakes >> See chocolate vegan recipeIf you’d prefer to take a recipe you know and make substitutions, then by all means do so. As a general rule, the fewer eggs a recipe calls for, the easier they will be to substitute. There are quite a few possible egg substitutes, but for recipes that use up to two eggs, try the following:Replace each egg with two teaspoons of baking powder, two teaspoons of water, and one tablespoon of vegetable or nut oil. Add the baking powder to the dry ingredients and the water and oil to your wet ingredients. The baking powder replaces the leavening provided by the egg, and the water and oil replace liquid and fat that the egg provides.Good luck and happy bakingDo you have a question for the Cake Doctor? Send it to: [email protected] Lindy Smith’s websitelast_img read more

10 Things You Never Knew About Stevie Wonder

first_imgTo celebrate the great Stevie Wonder‘s birthday, we wanted to revisit some classic tidbits about the illustrious musician. Without further ado, here are ten fun facts about the legend himself, Stevie Wonder.1. Stevie Wonder wasn’t born Blind.In an interview with Larry King, Stevie Wonder stated that he wasn’t born blind. A major cause of Wonder’s blindness was an overabundance of oxygen he experienced as an infant in a hospital incubator. This was an accident on the part of the hospital, which coupled with being six weeks premature resulted in Wonder becoming permanently blind. You can watch him talk about the incident below:[Video: CNN]2. As a result of a 1973 car crash, Stevie Wonder temporarily lost his sense of smell and taste.On August 6, 1973, Stevie Wonder was in a car accident. The crash left Wonder in a coma for four days and ultimately resulted in him losing both his sense of smell and taste for a short time. In a twist of fate, exactly 15 years later on to the date, Wonder was gifted with a son named Kwame.3. He was the youngest solo artist to have a #1 song on Billboard.In 51 years, no one has come close to the record Stevie Wonder achieved when he was only 13. As Little Stevie Wonder, his song, “Fingertips – Part 2”, reached #1 on the Billboard Top 100, making him the youngest artist to do so. The track simultaneously became the #1 R&B song in the country—also a first. Here’s a clip of Little Stevie performing the song:[Video: TheEyesofwonder]4. He once sang “No Church in the Wild” to Frank Ocean.Around the time of Channel Orange, many music critics and fans were comparing Frank Ocean to Wonder, as they were both R&B proteges that sought to change the world through music. When the two met at a party, Wonder sang “No Church in the Wild” back to Ocean. The song was a collaboration off the album Watch the Throne, where Ocean provided a stellar hook for hip-hop’s current titans, Jay-Z and Kanye West.5. Wonder helped popularize the Moog Synthesizer.Synthesizers have become the norm in popular music over the past 50 years. If you’re listening to the latest pop or EDM hit, chances are there are a variety of synths at work. However, the synthesizer wasn’t always regarded as a legitimate instrument. In a 1972 interview from Rock’s Backpages, Wonder had to defend his own use of the new technology stating, “A lot of people don’t consider the Moog an instrument, in a sense, and they feel it’s gonna take a lot of work away from musicians and all that. But I feel it is an instrument and is a way to directly express what comes from your mind. It gives you so much of a sound in the broader sense.”6. He performed “Superstition” on Sesame Street.“Superstition” is one of Wonder’s best and most popular songs. For that reason, it’s not a surprise he performed the track on Sesame Street. However, what is surprising is how intact Wonder keeps the original composition. The intensity of the song isn’t dialed down for a child audience, and is even improved upon. Stevie and his band go on a 3-minute jam session, and the energy from the kids dancing is palpable. If you’re a fan of Wonder, then this performance is one to watch.[Video: Ryan’s Smashing Life]7. He once told Lil Wayne to shut up.According to Lil Wayne, Stevie Wonder once told the New Orleans rapper to shut up at a party. Allegedly, Stevie was in the middle of a performance at a club when Wayne came in. Lil’ Wayne didn’t know Stevie was performing at the time, but that didn’t stop the singer from yelling at the former Best Rapper Alive to be quiet while he was playing.[Video: Mass Appeal]8. Wonder was the first person to own the E-Mu Emulator, an early sampler.It would be hard to imagine what the last thirty years of music would be like without sampling technology. The art of sampling has been instrumental in a wide variety of genres like hip-hop and electronic dance music, helping both genres shape the foundations of their sound. The E-Mu Emulator was one of the first affordable samplers on the market, and Stevie Wonder was its first owner.9. Stevie Wonder’s Eivets Rednow is actually “Stevie Wonder” spelled backwards.Stevie Wonder’s 1968 easy-listening album, Eivets Rednow, saw the legendary artist play harmonica, drums, piano, and clavinet, though he does not sing. Marking his ninth studio album, Eivets Rednow was actually his first album with songs credited solely to Wonder alone. However, the name of the album comes from spelling “Stevie Wonder” backwards, something that many fans missed initially, causing several reissues to have “How do you spell Stevie Wonder backwards?” to be printed on the album sleeve.10. Stevie Wonder’s single, “Happy Birthday,” is a big reason why Martin Luther King Jr’s birthday is a National Holiday.In 1981, Wonder, along with many other supporters, were rallying for the government to recognize Martin Luther King Jr.’s birthday as a national holiday. “Happy Birthday” was Wonder’s way of spreading the word. He even helped organize the Rally for Peace Conference in 1981. President Ronald Reagan would ultimately approve the holiday thanks to these efforts two years later.last_img read more

On the Blogs: Tech Giants Keep Raising Bar on Renewables to Power the Cloud

first_imgOn the Blogs: Tech Giants Keep Raising Bar on Renewables to Power the Cloud FacebookTwitterLinkedInEmailPrint分享BY ALAN BOYLE for GeekWire: Microsoft is kicking up its targets for environmentally sustainable cloud computing by pledging that half of the electricity to power its data centers will come from renewable sources by 2018.The bar will be raised to 60 percent for the early 2020s. “And then we’ll just keep on getting better from there,” Brad Smith, Microsoft’s president and chief legal officer, told energy executives today at a gathering of the Renewable Energy Buyers Alliance, or REBA.Smith’s announcement provided a timely kickoff for this week’s REBA Summit on the Microsoft campus in Redmond. More than 300 representatives of companies that produce, sell and buy electrical power are meeting to trade information, recap successes and failures, and make deals.The stakes are high, especially due to the rapid rise of cloud computing. Analysts say the data centers that provide the infrastructure for the cloud could consume almost 50 gigawatts of power this year. By 2030, communication technology could account for as much as 51 percent of global electricity usage and – be responsible for as much as 23 percent of the world’s greenhouse-gas emissions.Two of the Seattle area’s top tech firms, Microsoft and Amazon, are also two of the world’s top companies in cloud computing. Facebook and Google are close behind.“Our data centers, for each company, consume as much electrical power as a small state,” Smith said at the summit. “And there is going to come a time in the future, some decades ahead, when each of these companies will consume as much electrical power as a medium-sized nation.”REBA’s goal is to help companies get that power from renewable sources such as solar, wind and hydroelectric rather than from fossil fuels. The alliance is led byBusiness for Social Responsibility (a.k.a. BSR), the Rocky Mountain Institute, theWorld Resources Institute and the World Wildlife Fund. More than 60 companies, including Amazon and Microsoft, take part in REBA’s initiatives.Full article: read more

No more games on South Korean TV: Streaming services replacing TVs in sports broadcasts

first_imgLATEST STORIES Trending Articles PLAY LIST 00:50Trending Articles01:35U.S. urges Japan, South Korea to share intel08:07Athletes treated to a spectacle as SEA Games 2019 officially ends02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Japeth Aguilar wins 1st PBA Finals MVP award for Ginebra But with sports events becoming less lucrative investments for Korea’s broadcasting giants, their latest absence in Asia’s biggest soccer competition suggests a changing trend in the way people prefer to watch sports, industry watchers say.Kim Jo-han, a media industry expert at Gom & Co., attributed broadcasters’ shrinking enthusiasm for live broadcasts to changes in Korea’s viewership preferences: People prefer edited online footage over sitting down for an entire live broadcast.“Spending more than two hours in front of a TV is an awfully long time for young viewers,” said Kim. “Instead of watching the whole game on terrestrial broadcasters, they want to enjoy it with more entertaining content, or just pick up the highlights on internet portals.”With fewer people watching sports via traditional broadcasters, media companies would be more reluctant to spend a hefty sum on sport games.Watching Gamst, for example, one feels like he or she is looking at a stand-up comedy rather than a sports forecast, as he wears ridiculous outfits, trades inside jokes with his die-hard fans and squabbles with random visitors. Using expletives is common as well.ADVERTISEMENT As more viewers have begun to shift from traditional broadcasters to streaming services for live sports around the world, the scene of people gluing their eyes to TV screens is becoming a thing of the past in South Korea as well.Kwon Jong-hyuck, a 35-year-old longtime soccer fan who works at an IT company in Seoul, said he watched Saturday’s match through the country’s most popular online streaming service, Afreeca TV.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back Chriss“Neutral voices from professional broadcasters are not what I want,” said Kwon, who enjoyed the game broadcasted by popular Afreeca TV streamer Gamst. “I want to feel like I’m at a bar with my friends. Internet streaming services give me such pleasure.”Territorial broadcasters have often paid skyrocketing prices to win the right to air the World Cup or the Olympics –sometimes exclusively — priding in their abilities to deliver heated moments without a hitch. The Korea HeraldSEOUL — When South Korea secured a narrow 1-0 victory over Kyrgyzstan at the Asian Cup Games in the United Arab Emirates on Saturday, Korean soccer fans did not rely on traditional broadcasters to watch the match.In fact, there were no live broadcasts from the country’s three media giants — KBS, MBC and SBS. Only JTBC, a cable network owned by a local media group, broadcasted Korea’s second match at the Asian Cup.ADVERTISEMENT View comments Don’t miss out on the latest news and information. KBS, MBC and SBS recorded a combined 40 percent viewership when South Korea beat Germany during the Russian World Cup, according to Neilsen, which said about 8 million people watched the game through the broadcasters.Meanwhile, Afreeca TV, which bought broadcasting rights from the territorial broadcasters, said the number of subscribers reached an all-time high during the World Cup season, with an average of 7.2 million people having logged onto the streaming service.“The growth of Afreeca TV last year stems from having broadcasted the World Cup,” Shinhan investment said in a 2018 report. Afreeca TV’s third-quarter operating profit and revenue in 2018 were roughly 7.4 billion won and 32.4 billion won, respectively, down about 21 percent and 12 percent from the previous quarter.Only selected streamers are allowed to live broadcast sports games purchased by Afreeca TV. The streamers are banned from using clips of games that Afreeca TV has not purchased from content providers. Editing original content — such as advertisements embedded in a live broadcast — is restricted as well.Challenges for streamersDespite the rapid surge in popularity, challenges remain for online streaming services to become live broadcasting platforms, particularly in terms of whether they are capable enough to deliver content to global audiences without a hitch.During the Russia World Cup, YouTube suffered an embarrassing outage during England’s semifinal clash with Croatia, an incident that showed even the world’s largest video-sharing platform could not livestream smoothly.When Russia competed against Saudi Arabia at the World Cup’s opening match, Gamst’s streaming service on Afreeca TV crashed for half an hour. This reportedly occurred when some 170,000 viewers flocked to see his broadcast.“While online streaming services have become a popular form of live sports broadcasts, people still think traditional broadcasters deliver better content with better quality,” said Kim Jo-han of Gom & Co.In the absence of a traditional broadcaster during the Asian Cup, and with streaming companies seeking to present themselves as reliable alternatives, internet companies and telecom giants have also joined the fray with their own streaming services. Buoyed by its huge success in previous World Cup games, Afreeca TV offers live broadcasts of almost every match to subscribers. Along with Gamst, professional commentators and former soccer players were also recruited to broadcast the match.Korea’s biggest internet giant, Naver, came up with its own live broadcasts based on customized content. The internal portal company allows users to select matches to watch more easily by classifying them based on countries, players and dates.Live broadcasts are also available at streaming platforms run by the country’s three major telecommunication companies. SK Telecoms, KT and LG Uplus are providing livestreaming of Asian Cup games via over-the-top video services.Sports Related Videospowered by AdSparcRead Next Tom Brady most dominant player in AFC championship history Ginebra beats Meralco again to capture PBA Governors’ Cup title In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Instant communication with viewers is one of the most significant features that set online streaming services apart from traditional broadcasters’ homogenous content designed for unknown masses.“I’m trying to make our viewers feel like they are watching the games with close uncles,” Gamst, one of the most popular sports streamers on Afreeca TV, said in an interview with a local newspaper last week. “I’m glad I have created my own way of broadcasting.”Easier access through mobile devices is also one of the advantages.Such efforts to establish their own community have led to massive popularity, with Gamst becoming the most popular streamer on Afreeca TV. His broadcast of the 2018 Russian World Cup attracted the largest number of viewers, with 350,000 people watching the game between South Korea and Mexico.Terrestrial TVs, threatenedWith live sports broadcasting having boosted the growth of conventional broadcasters worldwide in the early 1990s, Korea’s media giants have also devoted much of their resources to delivering popular sports games.Major sports events have been a battleground for larger viewership among broadcasters, equipped with massive infrastructure and finances to broadcast international sport events, such as the Olympics and the World Cup.The competition has often resulted in hefty prices for the right to broadcast the sport events. For example, KBS, MBC and SBS reportedly paid about 120 billion won ($172 million) to FIFA to broadcast its 2018 Russia World Cup.“Sport is considered to be a crown jewel of live broadcasting,” research firm Nielsen said in a report in 2017. “We are forced to watch in a fixed time period and stick with it until the end. … Sport is high-value content because it can attract views and make them stay.”Money and infrastructure are still significant barriers for local streaming services, which cannot afford to purchase exclusive broadcasting rights. But hyper-fast internet speeds and technological breakthroughs have brought changes. Nadine Lustre’s phone stolen in Brazil Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college MOST READ Ginebra beats Meralco again to capture PBA Governors’ Cup title Scottie Thompson says Pia Wurtzbach’s presence fueled Ginebra’s win over TNT Philippine Army to acquire MANPADS, self-propelled howitzerslast_img read more