Estimated Proved Reserves of 11.2 MMBOE

SUGAR LAND--February 3, 2010--Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas)--Along with the rest of the country, the Northeast region has been battling the turbulent economy. Despite the precarious financial climate, the region has somehow managed to eclipse 2009 in terms of new project starts and total investment value (TIV) for the first quarter of the year. A recent survey taken from Industrial Info's PECWEB Direct forecasts 127projects with a cumulative TIV of $3.3 billion are ready to begin construction this quarter. This dollar amount is more than double that of 1Q09, when 104 projects carrying a TIV of $1.5 billion began construction in the Northeast, which contains Delaware, New Jersey, New York and Pennsylvania.

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Berry Petroleum Company (NYSE: BRY) announced that it has priced its underwritten public offering of common stock.

Berry Petroleum Co. (NYSE: BRY) agreed to offer 8 million common shares priced at $29.25 a share in a public offering and intends to use the proceeds to fund the planned acquisition of certain properties in the Wolfberry trend of West Texas and for general corporate purposes.

The share price of Berry Petroleum closed at $29.44 yesterday, up from the previous close of $28.66. The Company estimates that its net proceeds from the sale of common stock, after deducting estimated underwriting discounts and commissions and offering expenses, will be $224 million, assuming the underwriters’ over-allotment option is not exercised.

( click to enlarge ) (CIEN) broke out of a downtrend channel on Tuesday. The stock closed below highs, but could make another move today. Tuesday’s high reflects resistance for this next upside move. If CIEN can break through resistance, we should see a strong upside move as traders buy up the stock. Technically the stock ...

( click to enlarge ) (TLAB) faces resistance at the 6.20-6.23 range. A close above 6.23 would impart positive momentum. The stock is likely to move to the 7-7.40 range on the break past the resistance zone. I will watch the stock closely the next few days, watching for this move to occur. TLAB will move ...

BloggingStocks: Analyst upgrades: Deutsche Bank upgraded Freeport McMoRan (NYSE:FCX) to Buy from Hold to reflect the company's better than expected Q3 results and improved volume outlook. Deutsche raised its target on shares to $100 from $72. Thomas Weisel ... Read more

Energy and Capital Editor Keith Kohl reveals to readers why a recovery in natural gas may be on the horizon.

China Grentech Corp Ltd. (GRRF), Lifeway Foods Inc. (LWAY) and United Security Bancshares (UBFO) are among the biggest percentage gainers in Friday’s trading among companies with market capitalizations under $1 billion. Also included among the results: Republic Airways Holdings Inc. (RJET), Bank of Commerce Holdings (BOCH), VanceInfo Technologies Inc. (VIT), Delta ...

Regulators can set deadlines. Companies can issue bids. But if local labor markets have a shortage of skilled craft labor, projects won't get done on time or on budget. That's a reality gradually becoming apparent across North America. In the electric power industry, tens of thousands of megawatts (MW) of renewable energy projects have been announced in recent years. Right now, Industrial Info is tracking 688 renewable energy projects that are scheduled to begin construction in 2010 across North America, totaling slightly less than 60,000 (MW) of generating capacity. These projects carry a total investment value (TIV) of $125 billion. Not all of these projects will kick off as scheduled, and a portion will be delayed or cancelled outright. But a shortage of skilled craft labor in some North American metropolitan statistical areas (MSAs) threatens some projects' start dates, completion dates, and costs, warned Anthony Salemme, vice president of the Craft Labor Group at Industrial Info. Join Mr. Salemme in a discussion of labor trends in this week's Navigating the Currents of Change webcast.

OGIS San Francisco

With current economic reports going from bad to worse, the North American Pharma-Biotech Industry has revealed a rare ray of economic light. The industry as a whole completed construction of 137 capital and maintenance projects carrying a total investment value (TIV) of $6.2 billion in the first six months of 2009. Join Annette Kreuger, Industrial Info's Vice President for the Pharmaceutical-Biotech Industry as part of this week's "Navigating the Currents of Change" webcast, for an in-depth discussion on the industry that touches everyone's life. Topics of discussion include what types of plants and research centers are being built and why; how the current credit markets impact the construction of new facilities; and how the new administration's stimulus programs will benefit the industry.

IPAA OGIS New York

2008 OGIS San Francisco