Energy Transfer Partners Hits 52-Week High on Diversified Assets
The units of Energy Transfer Partners LP (ETP) soared to a 52-week high of $60.31 on Sep 18.
…Archive for September, 2014
PDC Energy Announces Agreement to Settle Securities Class Action Regarding 2010 and 2011 Partnership Purchases
PDC Energy Announces Agreement to Settle Securities Class Action Regarding 2010 and 2011 Partnership Purchases
…Penn Virginia Corporation Declares Dividends on Series A and Series B Preferred Depositary Shares
Penn Virginia Corporation Declares Dividends on Series A and Series B Preferred Depositary Shares
…Patterson-UTI To Buy Texas-Based Private Firm's Pressure Pumping Assets – Update
Patterson-UTI To Buy Texas-Based Private Firm's Pressure Pumping Assets – Update
…Patterson-UTI Energy Announces Agreement to Acquire Texas-Based Pressure Pumping Assets
HOUSTON, Sept. 19, 2014 /PRNewswire/ — PATTERSON-UTI ENERGY, INC. (PTEN) today announced that one of its subsidiaries has entered into an agreement to acquire the Texas-based pressure pumping assets of a privately held company. The acquisition includes 143,250 horsepower of …
Patterson-UTI Energy Announces Agreement to Acquire Texas-Based Pressure Pumping Assets
HOUSTON, Sept. 19, 2014 /PRNewswire/ — PATTERSON-UTI ENERGY, INC. (PTEN) today announced that one of its subsidiaries has entered into an agreement to acquire the Texas-based pressure pumping assets of a privately held company. The acquisition includes 143,250 horsepower of …
Oklahoma: Continental Resources Discovers the Springer Shale
“We bought one shale and got another one for free.”
Continental Resources (ticker: CLR), the nation’s eighth-largest E&P based on market capitalization, held its 2014 Analyst Day today in Oklahoma City, its first since 2012.
The Springer Shale is Unveiled …
Well Casing and Cement Failures—Not Fracing—Led to Contaminated H2O Wells
Duke, Ohio State, Stanford, Dartmouth, Rochester scientists conclude that failed pipe and cement allowed gas to leak
The first peer-reviewed comprehensive studies testing drinking water quality and any links to nearby shale gas production have found that the well completion …
Horse Hill-1 Well Drilling Update
Horse Hill-1 Well Drilling Update
…Keithville Adds Innovative New Rig from Schramm to Drill Rig Portfolio
KEITHVILLE, La., Sept. 18, 2014 /PRNewswire/ — Keithville Well Drilling, a private, Louisiana-based drilling company, today announced it has purchased and accepted delivery of the Schramm T250XD a new, land-based rig designed specifically for shale drilling. The company plans to …
Shale Boom Benefits Keep Piling Up
The benefits of the shale boom are apparent. In the six year span from 2008 to 2013, crude oil production in the United States jumped by 43.7% (12,311 MBOEPD in 2013 compared to 8,563 MBOEPD) and gas production climbed 20% …
Why the Permian Basin has been driving rig count records
The Permian Basin is located in western Texas and southern New Mexico. The name "Permian Basin" generally refers to a combination of the Delaware Basin and the Midland Basin. Currently, there …
…Cubic Elects to Participate in Five Horizontal Haynesville Shale Wells
DALLAS — Cubic Energy, Inc. (OTCQB:CBNR) ("Cubic" or the "Company") announces its subsidiary, Cubic Louisiana, LLC, has elected to participate in the drilling and completion of five …
…Energy XXI to Present at IPAA OGIS San Francisco
Energy XXI to Present at IPAA OGIS San Francisco
…FIG Tree Capital Ventures Announces Three Successfully Completed Bakken/Three Forks Shale Wells Drilled From a Single …
FIG Tree Capital Ventures (FIG), a Texas-based Oil and Gas company, with projects in The Williston Basin (Bakken/Three Forks Shale) of North Dakota, The Woodbine Formation of South East Texas, The Cotton Valley/Bossier Haynesville of East Texas, and The Edwards …
Proposed Projects Would Move Colorado Oil to Oklahoma, California
Cushing, Oklahoma’s giant crude oil storage hub will be linked to Colorado’s Niobrara/Codell shale oil production upon construction and completion of a new 550-mile pipeline between Weld County Colorado’s Wattenberg field and NGL Energy Partners’ (ticker: NGL) Cushing terminal.
When …
Bill Barrett Corp. Simplifies Rocky Mountain Portfolio in $757 Million Deal
Company will Operate in Only 2 Basins: DJ and Uinta; Deal Eliminates 57% of BBG’s Net Debt
Bill Barrett Corporation (ticker: BBG), an exploration and production company focused on the Rocky Mountain region, has shifted its asset position in a …
Vaalco Energy Inc. (EGY) Jumps 6.43% on September 16
Vaalco Energy Inc. (EGY) Jumps 6.43% on September 16
…Cash In On The Shale Boom With This Under-The-Radar Oil Stock
The Bakken is one of the hottest oil and gas plays in the world. Great fortunes have already been made banking on the Bakken, which is located below parts of Montana, North Dakota and stretches
…Magnum Hunter Resources Announces Partnership With Morgan Stanley Infrastructure on Eureka Hunter
Magnum Hunter Resources Announces Partnership With Morgan Stanley Infrastructure on Eureka Hunter
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2014 Synergy COO Craig Rasmuson
Craig Rasmuson, Chief Operating Officer of Synergy Resources (NYSE MKT: SYRG), discusses industry initiatives in Colorado and the company’s operational growth in the DJ-Niobrara.
…Magnum Hunter Resources Chairman and CEO to Present at the Credit Suisse 2014 Small & Mid Cap Conference
Magnum Hunter Resources Chairman and CEO to Present at the Credit Suisse 2014 Small & Mid Cap Conference
…Ithaca Energy Inc. Successful Flow Test on Fourth Stella Development Well
Ithaca Energy Inc. announces the successful completion of flow test operations on the fourth development well on the Stella field, with the well achieving a flow rate of 12,005 barrels of oil equivalent …
…Callon Petroleum Company Announces Closing of Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
Callon Petroleum Company Announces Closing of Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
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Brookings Study Finds Multiple Benefits from Immediately Lifting U.S. Crude Export Ban
The Brookings Institute released a study last week comparing the effects of immediate lifting of the U.S. crude oil export ban vs. delaying till 2020.
The study data showed a positive uptick for the GDP in all cases, a 0.14 …
E&Ps Finding the Powder River Basin is an Oil Play
The Powder River Basin (PRB), an area in Wyoming traditionally exploited for its coal resources and coalbed methane gas opportunities, has more than doubled its oil output since 2009. The Energy Information Administration’s (EIA) Today in Energy segment for September …
Gastar Exploration Inc. Provides 2015 Capital Budget and Production Guidance
HOUSTON, Sept. 15, 2014 /PRNewswire/ — Gastar Exploration Inc. ("Gastar") (NYSE MKT: GST) today announced its 2015 capital budget and provided full-year 2015 production guidance. Gastar's Board of Directors has approved a 2015 capital budget of approximately $257.3 million, comprised …
Potential concerns for Enterprise Product Partners’ investors
Enterprise Products Partners' (EPD) expects ~$3.8 billion in capital expenditures (or capex) in 2014—down 13% from the $4.4 billion spent in 2013. This includes ~$350 million for sustaining capital—or …
…Miller Energy Resources Announces Changes to Its Management and Board, an Update on Its Drilling Operations and a Non-Binding Letter of Intent to Purchase Buccaneer Energy’s Alaskan Operating Assets
Miller Energy Resources Announces Changes to Its Management and Board, an Update on Its Drilling Operations and a Non-Binding Letter of Intent to Purchase Buccaneer Energy’s Alaskan Operating Assets
…Why Plains All American Pipeline is investing in the Permian
Plains All American Pipeline (PAA) has its largest asset footprint in the Permian Basin. According to a company presentation, the Permian Basin has over 300 billion barrels of oil in place across ~50 million …
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