Norfolk Southern Pens Deal with Dynamic Fuels and Mansfield Oil

Norfolk Southern becomes first fleet user in the U.S. to deploy clean renewable diesel

Dynamic Fuels, LLC and Mansfield Oil Company have signed an agreement to supply renewable diesel to Norfolk Southern Corporation (NYSE / NSC), one of the nation's largest transporters of coal and industrial products. Norfolk Southern has primarily been using a 100% pure Dynamic Fuels renewable diesel at its Meridian, Mississippi rail yard since early January.

Dynamic Fuels, a 50/50 venture owned by Tyson Foods, Inc. (NYSE / TSN) and Syntroleum Corporation (NASDAQ / SYNM), recently signed commercial off-take and strategic alliance agreements with Mansfield to market renewable diesel to fleet customers. Dynamic Fuels, operator of the first commercial advanced biofuels plant in the United States, produces next-generation renewable and synthetic fuels from animal fats and greases.

Earthstone Energy Reports 3rd Quarter Results

Highlights

EPS of 68 cents in third qtr vs 4 cents in prior year
Comparable EBIT up 83% to $4.1 million
Comparable production volume up 63% for qtr to 49,355 BOE
Continued exceptional performance quarter-over-quarter

EARTHSTONE ENERGY, INC. (NYSE Amex:ESTE) reported net income of $1,152,000, $0.68 per diluted share, on revenue of $3.9 million for the third quarter of fiscal 2012 compared to net income of $74,000, $.04 per diluted share, on revenue of $2.0 million for the third quarter of fiscal 2011. For the nine months ending December 31, 2011, the Company reported net income of $2,545,000, $1.49 per diluted share, on revenue of $8.9 million compared to net income of $1,176,000, $0.69 per diluted share, on revenue of $5.7 million for the same period ended December 2010.

Whitecap Resources Inc. and Compass Petroleum Ltd. Annnounce Completion of Arrangement and Production Now Exceeding 10,400 boe/d

Whitecap Resources Inc. ("Whitecap") (TSX:WCP) and Compass Petroleum Ltd. ("Compass") (TSX VENTURE:CPO) are pleased to announce that Whitecap has completed the previously announced acquisition of Compass pursuant to a plan of arrangement (the "Arrangement") under the provisions of the Business Corporations Act (Alberta). The closing of the Arrangement provides Whitecap with an initial entry into the Viking light oil resource play in West Central Saskatchewan and complements our existing oil weighted assets. Whitecap has acquired all of the issued and outstanding common shares of Compass for $14.0 million in cash and the issuance of an aggregate of 10.9 million common shares of Whitecap.

Open Range Energy Corp. Reports Montney Oil Drilling, Record Wilrich Initial Productivity and Corporate Production of 7,000 Boe Per Day

Open Range Energy Corp. (TSX:ONR.TO - News) ("Open Range" or the "Company") is pleased to provide an operational update on its winter 2012 field operations. Recent activities include successful drilling of the Company's first Montney horizontal well targeting light oil at Waskahigan and record initial productivity on a Wilrich horizontal well at Open Range's core Ansell/Sundance Deep Basin property.

Recent activities include:
--  The 100 percent Open Range 13-24-63-23-W5M horizontal well targeting
    Montney light oil at Waskahigan, which spud on January 3, has been
    successfully drilled and cased to a total measured depth of 4,140
    metres, with packers set;