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 Basin of Wyoming, in the Permian Basin of West Texas and in the Bakken trend in the Williston Basin of
Denver-based PDC Energy (ticker: PDCE) is an independent natural gas and oil company that operates in Colorado within the liquid-rich Wattenberg Field and the Appalachian Basin including the emerging liquid-rich Utica Shale play in Ohio and the Marcellus Shale in West Virginia. PDC announced its capital budget for 2014 will be approximately $647 million in a news release on December
QEP Resources, Inc. (NYSE:QEP) is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, the Texas Panhandle, and Louisiana) of the United States. Since its spinoff from the regulated utility Questar Corporation in 2010, QEP Resources
Global exploration and production spending is poised to reach $723 billion in 2014, according to a 2014 Global E&P Spending Report by Barclays on December 9, 2013. The record will mark the first time spending has eclipsed the $700 billion mark, and represents an increase of 6.1% in regards to 2013’s total of $682 billion. Barclays estimates the United States
Magellan Petroleum Corporation(ticker: MPET) is an independent oil and gas exploration and production company with assets in the US, Australia, and the UK. The Company is primarily focused on the development of a CO2-enhanced oil recovery (CO2-EOR) program at Poplar Dome in eastern Montana. The Poplar, acquired by Magellan in 2009, is the largest geologic structure in the western Williston
CAMAC Energy Inc. (ticker: CAK) is a U.S.-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, Kenya, Banjul, Gambia and Lagos, Nigeria. On December 9, 2013, CAMAC Energy announced the signing of a letter of intent for
EE3 LLC is an independent oil and gas exploration and production company headquartered in Boulder, Colorado. The company has amassed more than 100,000 net acres in the North Park Basin (Jackson County, Colorado) to prove up a new horizontal Niobrara concept. Damfino #02-06H Produces 20,542 BOEs in 30 Days Today EE3 announced the highest reported 30-day initial production rate of a horizontal
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 which is producing more than one billion cubic feet of natural gas per day. On December 9, 2013, Cabot Oil
Unit Corporation (ticker: UNT) is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas. The company is celebrating its 50th Anniversary in 2013.
InterOil Corporation (ticker: IOC) is developing a vertically integrated energy business whose primary focus is Papua New Guinea. InterOil’s assets consist of petroleum licenses covering about 3.9 million acres, an oil refinery, and retail and commercial distribution facilities, all located in Papua New Guinea. On December 5, 2013, InterOil announced the sale of 61.3% gross interest in Petroleum Retention License
After settling electoral reform on December 3, 2013, Mexico is shifting its attention to its highly publicized and highly criticized reform of the oil industry. Lawmakers are still adjusting the fine print of the bill but the main point of opening up the country to private investment remains intact. Concessions and lucrative contracts involving Petroleos Mexicanos (Pemex) are being debated
On December 3, 2013, the Bureau of Ocean Energy Management (BOEM) announced the Eastern Gulf of Mexico oil and gas lease sale 225 will take place on March 19, 2014. The sale is the first proposed for the Eastern Planning Area of the Gulf of Mexico (GOM) under President Obama’s 2012 to 2017 outershelf program, and will be the first
