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Carrizo Snags Delaware Basin Acreage from Devon in $215 Million Cash Bolt-On

Carrizo Snags Delaware Basin Acreag...

Carrizo places deal at $13,000 per net...

Heard on the Call: Encana – Eagle Ford Margin Beats Permian

Heard on the Call: Encana – Eagle...

Encana (NYSE: ECA) reported Q2 earnings...

Courtesy of Chesapeake

Chesapeake: PRB is the New Growth E...

Chesapeake Energy Corporation (NYSE:CHK)...

Oil and Gas Rally Fills Colorado Capitol Grounds

Oil and Gas Rally Fills Colorado Ca...

Colorado’s oil and gas industry turned out...

360 Profiles

Featured 360 Articles

  • Chazen’s Magnolia Announces Q2 Production

    Chazen’s Magnolia Announces Q2 Production

    August 15, 2018

    Guidance raised on outperformance Magnolia Oil & Gas (ticker: MGY) announced its first quarterly results since its acquisition of assets from EnerVest, giving an initial view into Steve Chazen’s new company. Magnolia was formed from TGP Pace Energy Holding’s $2.66 billion acquisition of EnerVest’s Eagle Ford assets earlier this year. The transaction closed at the end of July, giving Magnolia[Read More…]

  • Diamondback – Energen to Combine in Second Largest Permian Deal Ever

    Diamondback – Energen to Combine in Second Largest Permian Deal Ever

    August 15, 2018

    $9.2 billion transaction close second to $9.5 billion CXO-RSPP deal Diamondback Energy (ticker: FANG) continued the recent trend of consolidation in the Permian with the acquisition of Energen (ticker: EGN). This $9.2 billion all-stock deal adds to an active year for large M&A transactions. This deal is the second-largest Permian transaction ever, falling just short of Concho’s (ticker: CXO) $9.5[Read More…]

  • Anadarko Names EVP, General Counsel

    Anadarko Names EVP, General Counsel

    August 15, 2018

    The directors of Anadarko Petroleum Corporation (NYSE: APC) have named Amanda M. McMillian EVP and General Counsel, effective immediately. Robert K. Reeves, Anadarko’s EVP, Law and Chief Administrative Officer, will remain EVP, CAO until his retirement at the end of 2018. Anadarko Names Amanda McMillan EVP, General Counsel McMillian joins Danny Brown, Executive Vice President, U.S. Onshore Operations; Bob Gwin, Executive[Read More…]

  • Carrizo Snags Delaware Basin Acreage from Devon in $215 Million Cash Bolt-On

    Carrizo Snags Delaware Basin Acreage from Devon in $215 Million Cash Bolt-On

    August 15, 2018

    Carrizo places deal at $13,000 per net acre Houston’s Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) said Tuesday it will acquire Delaware Basin properties from Devon Energy Corporation (NYSE: DVN) for $215 million in cash. Carrizo said it will fund the purchase with net proceeds from an equity offering. The underwritten public offering of 9,500,000 shares of common stock was priced[Read More…]

  • Weekly Oil Storage: Surprise Large Build

    Weekly Oil Storage: Surprise Large Build

    August 15, 2018

    The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 6,805 MBBL last week to 414,194 MBBL from 407,389 MBBL. This is 11% below the 466,492 MBBL that was in storage at this point last year, and is 1% above the five-year[Read More…]

  • Podcast with GuildOne President James Graham: What is Blockchain, and How Will It Affect the Energy Industry?

    Podcast with GuildOne President James Graham: What is Blockchain, and How Will It Affect the Energy Industry?

    August 15, 2018

    What is blockchain? Blockchain is the underlying technology to the now-prevalent cryptocurrencies, which began as a way to build a decentralized digital cash system. Bitcoin, the first cryptocurrency, was established in 2008 by a person (or, perhaps, group of people) known as Satoshi Nakamoto; Bitcoin utilizes blockchain technology and introduced the concept to the world. According to Don & Alex[Read More…]

  • Podcast: Chaparral Energy CEO Earl Reynolds

    Podcast: Chaparral Energy CEO Earl Reynolds

    August 15, 2018

    Chaparral Energy, Inc. (OTCMKTS: CHPE)    Company Overview C haparral Energy is an independent pure-play STACK oil and natural gas exploration and production company headquartered in Oklahoma City and was founded in 1988. It has focused operations across an approximately 117,000 net acre position. Specific formations Chaparral is focused on are: Oswego, Meramec, Osage, Woodford and Hunton.   The Oil[Read More…]

  • Jagged Peak Boosts Oil Guidance, CapEx

    Jagged Peak Boosts Oil Guidance, CapEx

    August 14, 2018

    Oil production guidance up 12%, CapEx up 18% Jagged Peak Energy (ticker: JAG) reported second quarter earnings last week, showing net income of $45.1 million, or $0.21 per share. Jagged Peak produced a record 34.6 MBOEPD in Q2, 8% above the high end of guidance. This means the company’s production grew by 25% sequentially and 135% year-over-year. Like many other[Read More…]

  • PDC Warns of Well Costs Rise on Steel Tariffs

    PDC Warns of Well Costs Rise on Steel Tariffs

    August 14, 2018

    Total CapEx up to $970 million in 2018; new Wattenberg completion design allows $5 million worth of stages on a pad for $2.5 million PDC Energy (ticker: PDCE) announced second quarter results last week, showing net losses of $160.3 million, or ($2.43) per share. Primarily due to derivative losses and an impairment to non-core acreage, this is well below the[Read More…]

  • U.S. Refineries: Near-Record High Inputs on Global, Domestic Gasoline, Distillate Fuel Oil Demand

    U.S. Refineries: Near-Record High Inputs on Global, Domestic Gasoline, Distillate Fuel Oil Demand

    August 13, 2018

    For the week ending July 6, 2018, the four-week average of U.S. gross refinery inputs surpassed 18 million barrels per day (b/d) for the first time on record. U.S. refineries are running at record levels in response to robust domestic and international demand for motor gasoline and distillate fuel oil. Despite record-high inputs, refinery utilization as a percentage of capacity[Read More…]


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E&P

Carrizo Snags Delaware Basin Acreage from Devon in $215 Million Cash Bolt-On

Carrizo Snags Delaware Basin Acreage from Devon in $215 Million Cash Bolt-On

August 15, 2018 — Comments are Disabled

Carrizo places deal at $13,000 per net acre Houston’s Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) said Tuesday it will acquire Delaware Basin properties from Devon Energy Corporation (NYSE: DVN) for $215 million in cash. Carrizo said it will fund the purchase with net proceeds from an equity offering. The underwritten public offering of 9,500,000 shares of common stock was priced[Read More…]

Canada

Source: Energybc.ca

Shipping-Fuel Rule Change Cuts Demand for Canadian Oil

August 14, 2018 — Comments are Disabled

From Bloomberg As if pipeline bottlenecks weren’t enough, Canadian heavy oil producers are facing a new barrier to marketing their crude. New rules limiting the amount of sulfur allowed in shipping fuel is expected to cut demand for both high-sulfur fuel oil and the sour crude that yields it. In Canada, that could extend — or worsen — the biggest[Read More…]

Master Limited Partnership (MLP)

EnerCom’s MLP Scorecard – August 13 2018

EnerCom’s MLP Scorecard – August 13 2018

August 13, 2018 — Comments are Disabled

EnerCom’s MLP Scorecard is our weekly distribution of information emerging from the world of Master Limited Partnerships. This week’s Scorecard report delivers 33 comparative metrics on 58 Master Limited Partnerships in the industry. All of the MLPs in the list have traded publicly for at least four quarters. The EnerCom MLP group includes 3 E&Ps and 55 Midstream and Other[Read More…]