Oil & Gas 360 - Oil and Gas News, Analysis and Earnings Calendar

Rigs Move to Wyoming

Most major basins see rig count fall Oil...

Chevron Aims $3.6 Billion at the Pe...

Chevron announces a $20-billion total...

Big Win for Colorado Oil and Gas: �...

High court reverses appeals court on view...

The Oil & Gas Story in 2018 wa...

Oil prices above breakeven for three quarters...

Featured 360 Articles

Shale Revolution Slowing Some, but Still Breaking Records: EIA

January 16, 2019

2018 oil growth of 1.58 MMBOPD is all-time high The shale revolution will propel U.S. energy to unprecedented heights in the next two years, according to the EIA’s most recent Short-Term Energy Outlook (STEO). This month’s STEO is the first to include forecasts for 2020, giving the EIA’s view on U.S. oil and gas prospects over the next two years.[Read More…]
Bellatrix Plans Stable Production in 2019

January 16, 2019

CapEx funded by operating cash flow Bellatrix Exploration (stock ticker: BXE) announced fourth quarter production and 2019 plans, offering an example of how a micro-cap producer deals with the current oil and gas environment in Alberta. Bellatrix produced about 35.1 MBOEPD in Q4, giving the company an overall 2018 output of 35.6 MBOEPD. This surpasses expectations, as the company’s 2018[Read More…]
Registration is Open for EnerCom Dallas

January 16, 2019

Institutional investors can meet with management teams, hear 2019 operational plans from the oil and gas industry in Dallas, Texas – Feb. 27-28, 2019 Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy sector may now register for the EnerCom Dallas investment conference, coming to The Tower Club Feb. 27-28 in downtown[Read More…]
Weekly Oil Storage: Moderate Draw

January 16, 2019

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 fell by 2,683 MBBL last week to 437,055 MBBL from 439,738 MBBL. This is 6% above the 412,654 MBBL that was in storage at this point last year, and is 8% above the five-year[Read More…]
Tamarack Valley Sets Another Production Record

January 15, 2019

Tamarack Valley Energy Ltd. (stock ticker: TVE) has released its 2019 capital budget, guidance and a 2018 operational update that includes record production of approximately 24,780 BOEPD in Q4/18 with an oil and natural gas liquids (“NGL”) weighting of approximately 66%. Tamarack said it spent about $7.0 million less than the budgeted capital for the quarter due to the volatility[Read More…]
Big Win for Colorado Oil and Gas: State Supreme Court Reverses Martinez Decision

January 14, 2019

High court reverses appeals court on view of COGCC permitting priorities On Monday, the Colorado Supreme Court issued its decision on the high-profile case brought to the state judicial system by a group of youth petitioners who sought to stop oil companies from being given drilling permits unless the Colorado Oil & Gas Conservation Commission and the drilling applicants could[Read More…]
Rig Count: Flat Overall Count Conceals Shift to Gas

January 11, 2019

Drilling activity was flat this week as rigs shuffled around the country, according to the latest edition of Baker Hughes’ rig count. The total number of rigs operating in the country was unchanged this week, meaning there are 1,075 rigs active in the U.S. Two land-based rigs came online in the week, while inland waters and offshore saw rig counts[Read More…]
Executives Don’t See Drilling Surge Any Time Soon: KC Fed

January 11, 2019

Oil and gas activity declining in Oklahoma, Colorado, Wyoming Executives do not anticipate a significant increase in drilling in the near future, according to the Federal Reserve Bank of Kansas City’s most recent Energy Survey. The Kansas City Fed’s energy survey is quite similar to that of the Dallas Fed, but covers a different area. This survey contains responses from[Read More…]
Alberta Keeps Production Cuts Steady Despite Vanishing Differential

January 10, 2019

February cuts will be at same level as January Alberta is holding course on its production cut plan even though the program has already achieved one of its primary goals, based on a release today. The province’s production cut plan requires all major oil companies to cut output, starting January. The cuts are intended to fade away over time, with[Read More…]
Oil & Gas Bankruptcies Slow in 2018, but E&Ps Continue to Fold

January 10, 2019

E&P companies account for 67% of 2018 bankruptcies Energy attorneys Haynes and Boone have released the firm’s updated list of oil and gas bankruptcies, detailing how the continuing downcycle has affected companies. While oil prices were robust for much of the year, this did not save companies from falling into bankruptcy in 2018. A total of 43 oil and gas[Read More…]

Shale Revolution Slowing Some, but Still Breaking Records: EIA

January 16, 2019 — Comments are Disabled

2018 oil growth of 1.58 MMBOPD is all-time high The shale revolution will propel U.S. energy to unprecedented heights in the next two years, according to the EIA’s most recent Short-Term Energy Outlook (STEO). This month’s STEO is the first to include forecasts for 2020, giving the EIA’s view on U.S. oil and gas prospects over the next two years.[Read More…]

Bellatrix Plans Stable Production in 2019

January 16, 2019 — Comments are Disabled
Registration is Open for EnerCom Dallas

January 16, 2019 — Comments are Disabled
Tamarack Valley Sets Another Production Record

January 15, 2019 — Comments are Disabled
Permian Dominates Drilling Permit Filings in New Year

January 15, 2019 — Comments are Disabled

Canada

Bellatrix Plans Stable Production in 2019

January 16, 2019 — Comments are Disabled

CapEx funded by operating cash flow Bellatrix Exploration (stock ticker: BXE) announced fourth quarter production and 2019 plans, offering an example of how a micro-cap producer deals with the current oil and gas environment in Alberta. Bellatrix produced about 35.1 MBOEPD in Q4, giving the company an overall 2018 output of 35.6 MBOEPD. This surpasses expectations, as the company’s 2018[Read More…]