Archive for March, 2012

Sanchez Energy Reports Q4'11 and Year-End 2011 Results; Company's Eagle Ford Largest Acreage Position Among Peer Group

Sanchez Energy Corporation (NYSE: SN) is a fast growing independent oil and gas company focused on the liquids rich Eagle Ford formation in South Texas. Assuming 120-acre spacing, Sanchez has approximately 750 economic drilling locations on its 92,000 net acreage …

March 30, 2012 - 9:49 pm Oil and Gas 360 Articles

U.S. Energy Starts 2012 with a Bakken Bang; Two Bakken Wells Record IP Rates of 2,208 BOEPD and 2,437 BOEPD; Commitment and Borrowing Base Increased by BNP Paribas

U.S. Energy Corp. (ticker:USEG) is a natural resource exploration and development company with a primary focus on the exploration and development of its oil and gas assets in the Williston Basin and Eagle Ford play.

A recent announcement out of …

March 29, 2012 - 2:04 pm Oil and Gas 360 Articles
ERHC Operating in Sub-Saharan Africa; Republic of Chad Work Program Gaining Momentum

ERHC Operating in Sub-Saharan Africa; Republic of Chad Work Program Gaining Momentum

ERHC Energy Inc. (OTCBB: ERHE) updated shareholders on the company’s continued operations in Sub-Saharan Africa. The company is actively pursuing two offshore zones, the São Tomé and Príncipe Exclusive Economic Zone (EEZ) and the Joint Development Zone (JDZ), and has …

March 27, 2012 - 10:04 pm Oil and Gas 360 Articles
Another Major Targets the Utica Shale; BP Agrees to Lease 84,000 acres in Ohio

Another Major Targets the Utica Shale; BP Agrees to Lease 84,000 acres in Ohio

BP (NYSE: BP) announced an agreement to lease approximately 84,000 acres in northeast Ohio targeting the Utica/Point Pleasant shale formation from the Associated Landowners of the Ohio Valley (ALOV). The ALOV is a local Ohio group representing area mineral owners.…

March 27, 2012 - 3:47 pm Oil and Gas 360 Articles
A Breakdown of Whiting USA Trust II Initial Public Offering

A Breakdown of Whiting USA Trust II Initial Public Offering

Whiting Petroleum (NYSE: WLL) announced it priced the initial public offering of 16,000,000 units of beneficial interest in Whiting USA Trust II at $20.00 per trust unit to the public. Whiting has granted the underwriters an option to purchase up …

March 26, 2012 - 4:32 pm Oil and Gas 360 Articles
Equal Energy Reports Q4'11 and Year-End Results; Grows Production 29% (Q4/Q4)

Equal Energy Reports Q4'11 and Year-End Results; Grows Production 29% (Q4/Q4)

Equal Energy (NYSE: EQU, TSX: EQU) announced its Q4’11 and year-end 2011 financial and operating results for the period ended December 31, 2011.

During Q4’11, EQU reported oil and gas revenues increased 22% to $42.4 million, as compared to $34.7 …

March 22, 2012 - 10:36 pm Oil and Gas 360 Articles
PetroQuest Updates Mississippian Lime Operations and Q1'12 Guidance; La Cantera Well Flows at High End of Expectations

PetroQuest Updates Mississippian Lime Operations and Q1'12 Guidance; La Cantera Well Flows at High End of Expectations

PetroQuest Energy (NYSE: PQ) announced the Thibodeaux #1 discovery well at the La Cantera prospect (17% NRI) in South Louisiana is currently flowing at a gross daily rate of approximately 31 MMcfe/d (26% oil and liquids) – the high end …

March 22, 2012 - 4:00 pm Oil and Gas 360 Articles
Driving Down The Cost Of Production – Natural Gas Companies Can Still Make Money

Driving Down The Cost Of Production – Natural Gas Companies Can Still Make Money

EnerCom, Inc. went back through our database to determine 2008 breakeven prices (10% rate of return) based on EnerCom’s decline curve analysis of the Woodford, Fayetteville, Haynesville and Marcellus Shales. All data points reference the second slide below.

We found …

March 21, 2012 - 7:16 pm Analytics, Oil and Gas 360 Articles

Callon Petroleum Company Reports Results For Fourth Quarter, Full Year 2011

Callon Petroleum Company Reports Results For Fourth Quarter, Full Year 2011

March 14, 2012 - 8:05 pm 360 Company Releases

Callon Petroleum Company Issues Guidance For First Quarter, Full Year 2012

Callon Petroleum Company Issues Guidance For First Quarter, Full Year 2012

March 14, 2012 - 8:05 pm 360 Company Releases

BPZ Energy Reports 2011 Results; Company Discloses its Advancement on a Potential Joint Venture Agreement for Block Z-1

BPZ Energy (NYSE:BPZ) announced Q4’11 and year-end 2011 financial and operational results for the period ended December 31, 2011.

For the full year 2011, BPZ reported a net loss of $33.8 million, or a loss of $0.29 per share, compared …

March 13, 2012 - 4:17 pm Oil and Gas 360 Articles
Loaded with Catalysts in 2012: ATP Oil & Gas Drilling the Deepwater Gulf of Mexico and Offshore Israel

Loaded with Catalysts in 2012: ATP Oil & Gas Drilling the Deepwater Gulf of Mexico and Offshore Israel

ATP Oil & Gas Corporation (NASDAQ: ATPG) is engaged in the acquisition, development and production of oil and natural gas in the Gulf of Mexico, North Sea and more recently the Mediterranean Sea. The primary near-term catalysts for the company …

March 7, 2012 - 9:57 pm Offshore, Oil and Gas 360 Articles

Callon Petroleum Company Announces Fourth Quarter, Full Year 2011 Results Reporting Date and Conference Call

Callon Petroleum Company Announces Fourth Quarter, Full Year 2011 Results Reporting Date and Conference Call

March 5, 2012 - 10:07 pm 360 Company Releases

RANGE DECLARES QUARTERLY DIVIDEND

RANGE DECLARES QUARTERLY DIVIDEND

March 2, 2012 - 12:00 am 360 Company Releases
GMX Resources Reports Q4'11 and Year-end Results; Drilling Ahead in the Bakken

GMX Resources Reports Q4'11 and Year-end Results; Drilling Ahead in the Bakken

On March 1, 2012, GMX Resources Inc. (NYSE: GMXR) announced its financial and operating results for Q4’11 and the fiscal year-ended December 31, 2011.

GMXR reported a Q4’11 net loss of $79.8 million, or a loss of $1.39 per share, …

March 1, 2012 - 9:15 pm Oil and Gas 360 Articles