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OPEC’s Abu Dhabi Meeting: We Will Need “New Strategies to Balance the Market” in 2019

OPEC’s Abu Dhabi Meeting: We Will...

With OPEC/non-OPEC conformity at 104%...

Another Blockbuster Oil Deal Creates Largest Bakken Pure-Play

Another Blockbuster Oil Deal Create...

After QEP Williston asset buy, Vantage...

Big Win for Noble Energy: Colorado Greenlights 770-Well Comprehensive Drilling Plan for 64,000 Acres in Weld County

Big Win for Noble Energy: Colorado ...

From the Denver Business Journal Colorado regulators...

Source: WPX

Rigs Surge Ahead in Wild Week

Activity breaks out of five-month equilibrium Drilling...

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Featured 360 Articles

  • OPEC’s Abu Dhabi Meeting: We Will Need “New Strategies to Balance the Market” in 2019

    OPEC’s Abu Dhabi Meeting: We Will Need “New Strategies to Balance the Market” in 2019

    November 13, 2018

    With OPEC/non-OPEC conformity at 104% oil prices fall 7%-8% today The OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) for November met this weekend in Abu Dhabi and noted that countries participating in the Declaration of Cooperation achieved a conformity level of 104% in October 2018. In today’s trading, Brent was off 7%. The international oil benchmark is off more than $20[Read More…]

  • Chazen’s Magnolia: Creating A Company for The Generalists

    Chazen’s Magnolia: Creating A Company for The Generalists

    November 13, 2018

    Magnolia Oil & Gas (stock ticker: MGY) announced third quarter results today, showing pro forma net earnings of $57.9 million. Magnolia produced an average of 55.2 MBOEPD on a pro forma basis in Q3, up 11% from Q2. The company is increasing its overall 2018 performance guidance on the strength of this growth, with projections rising from 50 MBOEPD to[Read More…]

  • Appalachian Monthly Gas Growth Exceeds 400 MMcf/d

    Appalachian Monthly Gas Growth Exceeds 400 MMcf/d

    November 13, 2018

    Effective Rig Count up on reported rig counts EnerCom has released its latest Effective Rig Count, examining the state of drilling activity and the reported production from the major shale basins. The Effective Rig Count rose in October, reversing the past month’s decline. The Effective Rig Count is currently 2,780, up 14 from last month. This increase was entirely due[Read More…]

  • Bonanza Creek Lands CFO

    Bonanza Creek Lands CFO

    November 13, 2018

    DJ Basin producer Bonanza Creek Energy, Inc. (stock ticker: BCEI) has hired Brant H. DeMuth as its CFO, effective Nov. 14, 2018. To join Bonanza Creek, DeMuth exits his post as VP of Finance and Treasurer at Denver-based SRC Energy Inc. (stock ticker: SRCI). Prior to joining SRC Energy, DeMuth served as Interim CFO of DJ Resources, LLC and as EVP of strategy and corporate development of[Read More…]

  • Oil Majors Exxon, Chevron, Conoco, Shell Circling Private Permian Basin Operator Endeavor, Founding Family Considers IPO

    Oil Majors Exxon, Chevron, Conoco, Shell Circling Private Permian Basin Operator Endeavor, Founding Family Considers IPO

    November 13, 2018

    From Investor’s Business Daily Exxon Mobil (stock ticker: XOM), Chevron (stock ticker: CVX), ConocoPhillips (stock ticker: COP) and Royal Dutch Shell (stock ticker: RDSA) are reportedly interested in buying Endeavor Energy Resources, a privately held Permian Basin acreage holder. Chevron and Exxon are reportedly submitting first round bids for privately held Endeavor, sources told Bloomberg. Shell is considering participating and Conoco is also reportedly interested. Endeavor could be[Read More…]

  • Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

    Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

    November 13, 2018

    Deal to sell Pioneer Pumping Services’ HHP, coiled tubing units and maintenance operations includes a long-term service contract to provide pressure pumping in the Permian Basin for up to a decade Pioneer Natural Resources Company (stock ticker: PXD) said it is selling its pressure pumping assets–Pioneer Pumping Services–to Midland-based ProPetro Holding Corp. (stock ticker: PUMP), and in the process locking up dedicated[Read More…]

  • Source: EQT

    EQT Becomes Pure Upstream NatGas Producer with Robert McNally at the Helm

    November 13, 2018

    EQT Completes Separation of Midstream Business, Begins New Chapter as Focused Industry Leader

  • Berry Petroleum Announces First Full Quarter as Public Company

    Berry Petroleum Announces First Full Quarter as Public Company

    November 12, 2018

    Brent pricing dominates California operations Berry Petroleum (ticker: BRY) announced third quarter results today, its first full quarter as a public company, showing net losses of $50 million. After adjusting for the dividend and hedging, Berry earned an adjusted $41 million in the quarter. Berry produced 27.1 MBOEPD in Q3, up slightly from the 26.8 MBOEPD the company produced in[Read More…]

  • Rosehill Reports 273% YOY Production Growth

    Rosehill Reports 273% YOY Production Growth

    November 12, 2018

    Houston-based Rosehill Resources Inc. (ticker: ROSE) reported its Q3 results yesterday and held its earnings call last week. Highlights from the Q3 earnings report included: Reported a net loss attributable to Rosehill of $31.4 million, or $4.76 per share, for the three months ended September 30, 2018, which included a $62.3 million non-cash, pre-tax loss on commodity derivative instruments. Third[Read More…]

  • EP Energy Q3: Reducing Leverage with Record Wells

    EP Energy Q3: Reducing Leverage with Record Wells

    November 9, 2018

    EP Energy Corporation (ticker: EPE) reported its Q3 results and held its earning call yesterday. Improvements with completions and new Eagle Ford & Permian Assets EP has renamed its position in the Uinta Basin to Northeastern Utah or NEU.  In the third quarter of 2018, the company produced 17.5 MBoe/d, including 12.0 MBbls/d of oil, a four percent decrease from the third[Read More…]


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E&P

Chazen’s Magnolia: Creating A Company for The Generalists

Chazen’s Magnolia: Creating A Company for The Generalists

November 13, 2018 — Comments are Disabled

Magnolia Oil & Gas (stock ticker: MGY) announced third quarter results today, showing pro forma net earnings of $57.9 million. Magnolia produced an average of 55.2 MBOEPD on a pro forma basis in Q3, up 11% from Q2. The company is increasing its overall 2018 performance guidance on the strength of this growth, with projections rising from 50 MBOEPD to[Read More…]

Canada

Oil Pucks and Pellets; Canada Eyes New Ways to Move Stranded Crude

Oil Pucks and Pellets; Canada Eyes New Ways to Move Stranded Crude

November 12, 2018 — Comments are Disabled

From Reuters Canada’s biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. Congested pipelines have stranded much of Canada’s crude in Alberta, driving discounts to record-high levels. Canadian heavy crude traded on Friday for less than one-third of the[Read More…]

Master Limited Partnership (MLP)

"El Merk, Algeria, March 2013: The CPF Photo by Mike Goldwater"

Anadarko Divests Midstream Assets for $4 Billion

November 8, 2018 — Comments are Disabled

Western Gas announces drop-down, simplification Western Gas Partners (ticker: WES) announced several moves today, expanding its holdings and simplifying its corporate structure. Western Gas Partners will acquire $4 billion in midstream assets from its parent Anadarko (ticker: APC), all the company’s remaining midstream assets. These assets include oil and water gathering pipelines in the Delaware, including associated treatment and disposal[Read More…]