--(www.USEquityNews.com)-- 07/25/2008 - Oil and Gas Exploration industry alert provided by U.S. Equity News. EV Energy Partners, L.P. (NASDAQ: EVEP) recently announced a cash distribution for the second quarter of 2008 of $0.70 per unit for all of its outstanding units. The distribution represents a 40 percent increase over EVEP's prior year second quarter distribution and a 12.9 percent increase over the distribution for the 1st quarter of 2008. The distribution will be payable on August 14, 2008, to unit holders of record at the close of business on August 5, 2008. In addition, management anticipates that it will recommend to the Board of Directors a further increase in the distribution per unit for the third fiscal quarter of 2008, payable during the fourth quarter of 2008.
Kodiak Oil & Gas Corp. (AMEX: KOG) an oil and gas exploration and production company with assets in the Green River and Williston Basins, expects to release its second quarter 2008 financial and operating results after the close of trading on August 6, 2008. In conjunction with Kodiak's release of its results, investors, analysts and other interested parties are invited to listen to a conference call with management on Thursday, August 7, 2008 at 11:00 a.m. Eastern Daylight Time. Kodiak Oil & Gas, Denver-based, is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Green River Basins in the U.S. Rocky Mountains. For further information, please visit http://www.kodiakog.com.
Rex Energy Corporation ("Rex Energy") (NASDAQ: REXX) will broadcast its second quarter 2008 earnings conference call live over the Internet on Wednesday August 6, 2008 at 10:30 a.m. Eastern time with Benjamin W. Hulburt, President and Chief Executive Officer, and Thomas Stabley, Executive Vice President and Chief Financial Officer. This webcast can be accessed through the Company's Web site, www.rexenergy.com. The webcast is also being distributed over CCBN's Investor Distribution Network. Individual investors can listen to the webcast at www.fulldisclosure.com.
Diamond I, Inc. (OTCBB: DMOI), a reporting company trading on the OTCBB that is to change its name to "US BioFuels Exchange, Inc.," announced recently that it has obtained the first round of funding for its online biofuels exchange, USBiofuelsExhange.com (the "US-BX"). This first funding was obtained from a group of investors, including petroleum and biofuels marketing veterans and petroleum and biofuels marketing companies. This funding assures the launch of the US-BX. "This type of industry support certainly bolsters our belief that the time for the US-BX is now," said Tom Gray, DMOI's newest director. "We are excited with the building momentum and look forward to announcing more developments in this important project."
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