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"Upbeat US economic news led to the rise of oil prices Wednesday, while scorching temperatures lifted natural gas to its highest level in more than five months."

"AusTex Oil updates their well development program. Australia (Sharewellnewswire) July 31, 2012 - United States focused oil & gas producer AusTex Oil Limited (ASX: AOK, OTCQX: ATXDY) is pleased to report oil and gas production rates for the month of June 2012. Production for the month of June increased to 299 BOE/d, a 75% increase on the prior month. The increase was due largely to the contribution from the Balder #1 horizontal well, in which AusTex participated with Range Resources Inc. (NYSE: RRC). Improved production from the Company's producing vertical wells also contributed. "

"Petronas, Malaysia's state oil company, has offered to acquire its Canadian joint- venture partner, Progress Energy Resources by making a friendly bid of C$4.8 billion ($4.7 billion), amounting to C$20.45 a share."

"German industrial gas producer Linde AG announced Sunday that it will acquire Lincare Holdings Inc, a Florida-based provider of oxygen and respiratory therapy services to patients in the home, for $4.6 billion, to take advantage of the potential growth rate of 6 to 9 percent annually in the home care market."

"Patriot Coal Corp has filed for bankruptcy protection as it was facing increasing pressures in recent months with demand for coal plunging to a 24-year low due to a shift to natural gas and milder winters, falling thermal coal prices, canceled customer contracts and rising costs for environmental liabilities. "