Archive for December, 2013

Shell, ONGC Videsh Pay $1.636 Billion to Acquire Petrobras’ Interest in Offshore Brazil Assets

Shell, ONGC Videsh Pay $1.636 Billion to Acquire Petrobras’ Interest in Offshore Brazil Assets

On December 30, 2013, Royal Dutch Shell (ticker: RDS-B) completed a $1 billion transaction with Petrobras (ticker: PBR) to acquire an additional 23% interest in the Parque das Conchas (BC-10) offshore Brazil. Its working partner, India-based ONGC Videsh, also increased …

2013 in Review: Horizontal Drilling & Increased Efficiency Paces Historic Year for the United States

2013 in Review: Horizontal Drilling & Increased Efficiency Paces Historic Year for the United States

2013 is winding to a close, and the United States oil and gas industry will cement the year as one of the most productive in history. In October, the Energy Information Association predicted the U.S. will surpass Russia as the …

The 5 Best-Performing Stocks of the Independent Oil & Gas Industry in 2013

The 5 Best-Performing Stocks of the Independent Oil & Gas Industry in 2013

December 31, 2013 - 3:00 am 360 Company Releases

Egypt Increases Attention on Oil & Gas Sector by Auctioning 22 Concessions

On December 30, 2013, Egypt’s state-owned petroleum corporation and natural gas holding company announced an internal auction for 22 concessions intended for oil and gas exploration. The concessions, located in the Suez Canal, Mediterranean Sea, Nile Delta and western desert, …

December 30, 2013 - 5:29 pm Midstream, Oil and Gas 360 Articles, OPEC

Range Resources Surpasses Net Production of 1 Bcfe/d, Marcellus Wells Continue to Beat Type Curve

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within …

December 27, 2013 - 2:10 pm Fracing, Midstream, Oil and Gas 360 Articles

TrendingWallStreet.com Releases Updates on CBIS, MILL, IFON, and NEWL

TrendingWallStreet.com Releases Updates on CBIS, MILL, IFON, and NEWL

December 27, 2013 - 5:24 am 360 Company Releases

The New Frac Sand Industry Boom and What it Means to You

The New Frac Sand Industry Boom and What it Means to You

December 25, 2013 - 2:59 am 360 Company Releases

Magnum Hunter Resources Updates Appalachia Production, Midstream Business Progressing

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

December 23, 2013 - 4:15 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

OPEC Maintains 30 MMBOPD Output Goal for 2014 Despite Global Surplus and Record U.S. Production

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) announced the group’s target output for 2014 will remain unchanged at 30 MMBOPD. Ministers of Iraq, Saudi Arabia and Kuwait made the announcement following a meeting between the exporters …

December 23, 2013 - 4:11 pm Midstream, Oil and Gas 360 Articles, OPEC, Politics & Opinions

Torchlight Energy Expands in Mid Continent With Husky Ventures

Torchlight Energy Expands in Mid Continent With Husky Ventures

December 20, 2013 - 2:58 pm 360 Company Releases

Magnum Hunter Resources Provides Operational Update on New Wells Drilled in the Marcellus and Utica Shale Plays

Magnum Hunter Resources Provides Operational Update on New Wells Drilled in the Marcellus and Utica Shale Plays

December 20, 2013 - 12:00 pm 360 Company Releases

Cabot Oil & Gas to Sell LNG to Japan; Marcellus Production hits 1.5 Bcf/d

Cabot Oil & Gas Corporation (ticker: COG), headquartered in Houston, Texas, is a leading independent natural gas producer, with its entire resource base located in the continental United States. The company’s predominate growth asset is the Marcellus Shale in Pennsylvania …

December 19, 2013 - 3:59 pm Midstream, Oil and Gas 360 Articles

Board of Directors of Miller Energy Resources, Inc. Issues Statement Regarding Dissident Shareholder Letter

Board of Directors of Miller Energy Resources, Inc. Issues Statement Regarding Dissident Shareholder Letter

December 19, 2013 - 1:00 pm 360 Company Releases
Saratoga Resources GOM Reserves Estimate Sets the Stage for 2014

Saratoga Resources GOM Reserves Estimate Sets the Stage for 2014

Saratoga Resources Inc. (ticker: SARA) is an oil and gas exploration and production company concentrating on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately …

December 19, 2013 - 12:44 pm Mergers & Acquisitions, Oil and Gas 360 Articles

Callon Petroleum Company Completes Partial Redemption Of 13% Senior Notes Due 2016

Callon Petroleum Company Completes Partial Redemption Of 13% Senior Notes Due 2016

December 17, 2013 - 10:00 pm 360 Company Releases

Penn Virginia Corporation Announces Promotion of John A. Brooks to Chief Operating Officer

Penn Virginia Corporation Announces Promotion of John A. Brooks to Chief Operating Officer

December 17, 2013 - 9:15 pm 360 Company Releases

What Marathon’s Increased 2014 Eagle Ford Spending Means for Aurora Oil & Gas Limited

Aurora Oil & Gas Limited (tickers: AEF and AUT) is a Perth- and Houston-based oil and liquids company with operations in the Eagle Ford Shale trend of South Texas. Aurora has 88,800 gross (22,000 net) acres in the “tri-county” area …

December 17, 2013 - 5:35 pm Oil and Gas 360 Articles

Torchlight Energy Inc. [TRCH] to Ring The NASDAQ Stock Market Closing Bell

Torchlight Energy Inc. [TRCH] to Ring The NASDAQ Stock Market Closing Bell

December 17, 2013 - 3:00 pm 360 Company Releases
Penn Virginia Asset Sales Continue; Proceeds from Midstream Sale Help Fund 2014 Growth Initiatives

Penn Virginia Asset Sales Continue; Proceeds from Midstream Sale Help Fund 2014 Growth Initiatives

Penn Virginia Corporation (ticker: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions, including Texas, Oklahoma, Mississippi and Pennsylvania – however, the company …

December 17, 2013 - 2:24 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

Range Reaches Production Milestones

Range Reaches Production Milestones

December 17, 2013 - 11:00 am 360 Company Releases
Harvest Natural Resources Announces Agreement to Sell Venezuelan Properties

Harvest Natural Resources Announces Agreement to Sell Venezuelan Properties

Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with primary assets in Venezuela, exploration assets in Indonesia, West Africa and China.

On December 16, 2013, Harvest Natural Resources confirmed it had closed the …

December 16, 2013 - 4:40 pm International, Offshore, Oil and Gas 360 Articles, OPEC, Regulatory

Wall Street Fundamentals Releases New In-Depth Stock Reports on GST, KWK, SD and SWN

Wall Street Fundamentals Releases New In-Depth Stock Reports on GST, KWK, SD and SWN

December 16, 2013 - 2:01 pm 360 Company Releases

Penn Virginia Corporation Announces Sale of Eagle Ford Shale Natural Gas Midstream Assets for $100 Million

Penn Virginia Corporation Announces Sale of Eagle Ford Shale Natural Gas Midstream Assets for $100 Million

December 16, 2013 - 1:32 pm 360 Company Releases

Deadline in Lawsuit for Investors in SandRidge Energy Inc. (SD) Shares Announced by Shareholders Foundation

Deadline in Lawsuit for Investors in SandRidge Energy Inc. (SD) Shares Announced by Shareholders Foundation

December 16, 2013 - 9:35 am 360 Company Releases

Williston Basin Update: An Interview with Black Ridge Oil & Gas (ANFC)

Today’s Guest: Black Ridge Oil & Gas (ANFC) CEO Ken DeCubellis



Ken DeCubellis joined Black Ridge Oil and Gas as Chief Executive Officer in November of 2011. Mr. DeCubellis brings over 20 years of executive experience in a broad range …

December 16, 2013 - 7:00 am Oil and Gas 360 Articles

Penn Virginia Corporation Declares Dividend on Preferred Depositary Shares

Penn Virginia Corporation Declares Dividend on Preferred Depositary Shares

December 13, 2013 - 4:20 pm 360 Company Releases

Miller Energy’s New Wells and North Fork Acquisition Ramps Up Alaska Production

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s …

Torchlight Energy Receives Approval to List on the NASDAQ Capital Market

Torchlight Energy Receives Approval to List on the NASDAQ Capital Market

December 13, 2013 - 1:00 pm 360 Company Releases

Magnum Hunter Allocating Lion’s Share of 2014 Spending to Utica/Marcellus

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

December 12, 2013 - 5:02 pm Fracing, Midstream, Offshore, Oil and Gas 360 Articles
Resolute Energy Provides Update on Horizontal Permian Program

Resolute Energy Provides Update on Horizontal Permian Program

Resolute Energy Corp. (ticker: REN) is engaged in the acquisition, development and production of onshore domestic hydrocarbons, principally crude oil. Resolute’s producing assets are the Aneth Field in the Paradox Basin of Utah and Hilight Field in the Powder River …

December 12, 2013 - 4:16 pm Fracing, Oil and Gas 360 Articles