Archive for October, 2014

Time for extraction tax

I understand why Gov. Corbett and the Legislature declined to tax the gas to be taken out of Marcellus shale wells by drillers. It was …

October 11, 2014 - 9:51 pm Energy RSS

Police patrols target oil workers drunk on trains

A CRACKDOWN on drunken offshore workers plaguing trains between Aberdeen and other parts of Scotland and England has been launched by police following an increase in unruly incidents.

October 11, 2014 - 7:21 pm Energy RSS, Offshore

RIL to sell 45% in US shale JV for $4.5 bn

Reliance Industries Ltd (RIL) is planning to sell its 45 per cent stake in the US' Eagle Ford shale acreage for around $4.5 billion; it has mandated Citigroup and Bank of America Merrill Lynch to find a buyer.

October 11, 2014 - 2:03 pm Energy RSS

Pink Drill Bits Bring Complaints of Komen Tie to Fracking

The Komen Foundation has again riled breast-cancer activists, this time by accepting $100,000 from a company that serves the fracking industry.

October 11, 2014 - 8:37 am Energy RSS, Fracing

Offshore Drilling: 3 Key Terms Every Investor Needs to Know

Offshore Drilling stocks are getting killed, and investors are scared. If you understand these three terms and how they relate to the companies you invest in, you'll be a more successful investor.

October 11, 2014 - 8:07 am Energy RSS, Offshore

Reliance looking to sell US shale gas interest for $4.5 billion

Reliance Industries is looking to sell its 45 per cent stake in the Eagle Ford basin shale oil and gas venture in the US for an estimated USD 4.5 billion.

October 11, 2014 - 6:11 am Energy RSS

RIL seeks sale of Eagle Ford Basin stake

Pioneer, which has about 230,000 acre in the Eagle Ford Basin according to its website, sold a 45 per cent interest in the property to Reliance for $1.2 billion in 2010.

October 11, 2014 - 2:05 am Energy RSS

Marcellus boom helps keep natural gas bills stable in Western Pennsylvania

The abundant supply of natural gas from the Marcellus shale is keeping household bills in Western Pennsylvania stable this winter. Customers of Peoples Natural Gas …

October 10, 2014 - 11:53 pm Energy RSS

Fracking review panel members pulled from academia

Five-person panel given a year to complete work

October 10, 2014 - 8:54 pm Energy RSS, Fracing

Cramer: Oil sowing the seeds of its own demise

With the raging levels of oil production in the United States, Cramer shares his concerns about lack of legal infrastructure and storage of the oil.

October 10, 2014 - 7:05 pm Energy RSS
Fortis Energy Services Sees Growth Coming from the Utica, Bakken

Fortis Energy Services Sees Growth Coming from the Utica, Bakken

What Do You Do When It’s 30 Below Zero and You’ve Got Sleeves that Won’t Open? 

Downtime is one of the main efficiency killers in today’s oil and gas business, a business that has utilized faster drilling times and improved …

Major U.S. Shale Basins are Economic at $75 per Barrel: Baird

Major U.S. Shale Basins are Economic at $75 per Barrel: Baird

With WTI crude oil trading between $83.59 and $86.29 per barrel on Friday, questions about a bear market for commodity prices linger. This morning, Oil & Gas 360® talked to the Baird energy research team about ramifications from this week’s …

October 10, 2014 - 6:07 pm Oil and Gas 360 Articles, OPEC

Exclusive – Reliance seeks sale of Eagle Ford stake for up to $4.5 billion: sources

NEW YORK (Reuters) – India's Reliance Industries Ltd is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co , a sale that could raise up to $4.5 …

October 10, 2014 - 4:38 pm Energy RSS

Exclusive – Reliance seeks sale of Eagle Ford stake for up to $4.5 billion: sources

India's Reliance Industries Ltd (RELI.NS) is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co (PXD.N), a sale that could raise up to $4.5 billion (2.80 billion …

October 10, 2014 - 4:27 pm Energy RSS

Reliance seeks sale of Eagle Ford stake for up to $4.5 billion: sources

By Mike Stone NEW YORK (Reuters) – India's Reliance Industries Ltd is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co , a sale that could raise …

October 10, 2014 - 4:27 pm Energy RSS

Reliance seeks sale of Eagle Ford stake for up to $4.5 billion: sources

India's Reliance Industries Ltd (RELI.NS) is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co (PXD.N), a sale that could raise up to $4.5 billion, according to …

October 10, 2014 - 4:27 pm Energy RSS

Exclusive: Reliance seeks sale of Eagle Ford stake for up to $4.5 bln – sources

India's Reliance Industries Ltd is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co, a sale that could raise up to $4.5 billion, according to people familiar …

October 10, 2014 - 4:24 pm Energy RSS
WPX Energy Operational Recap: Margins Expected to Increase Three-Fold by 2020

WPX Energy Operational Recap: Margins Expected to Increase Three-Fold by 2020

WPX Energy (ticker: WPX), an oil and gas company specializing in exploiting unconventional regions, presented a five-year plan on October 9, 2014. In a conference call addressing the announcement, Rick Muncrief, Chief Executive Officer of WPX, identified three company …

October 10, 2014 - 4:17 pm Earnings, Finance, Oil and Gas 360 Articles

Here's why shale oil stocks are tanking

Shale oil stocks are tanking amid two crude realities: oil prices at multi-year lows and the way drilling is financed.

October 10, 2014 - 4:00 pm Energy RSS

Emerald Oil (EOX) Drops 6.48% on October 10

Emerald Oil (EOX) Drops 6.48% on October 10

October 10, 2014 - 3:24 pm 360 Company Releases

Callon Petroleum Company Announces Upcoming Investor Event

Callon Petroleum Company Announces Upcoming Investor Event

October 10, 2014 - 2:11 pm 360 Company Releases
2014 Magnum Hunter Resources Chairman and CEO Gary Evans

2014 Magnum Hunter Resources Chairman and CEO Gary Evans

Gary Evans, Chairman and Chief Executive Officer of Magnum Hunter Resources (NYSE: MHR), discusses plans to become a pure-play Marcellus/Utica company and the effect of commodity prices.

October 10, 2014 - 10:52 am C-Level Interviews, Videos

Doggers, Tigers battle for first place

LINGLE – Something has got to give Friday night. It’s that simple when breaking down the Lingle-Fort Laramie (LFL) Dogger and Niobrara County Tiger football game that kicks off at 7:30 p.m. in Lusk.

October 10, 2014 - 10:32 am Energy RSS

Baker Hughes: Oklahoma well count surging

Daniel J. Graeber HOUSTON, Oct. 10 (UPI) — Oil services company Baker Hughes said Friday shale basins in Oklahoma and Colorado saw the biggest gains in wells started during the third quarter.

October 10, 2014 - 7:38 am Energy RSS

Global CO2 EOR Market (Permian Basin) is Expected to reach at 7% CAGR from 2013 to 2019: Transparency Market Research

Albany, New York — In its market research report published recently, Transparency Market Research, a U.S.-based market intelligence firm states that the global CO2 EOR market in the Permian Basin is expected …

October 10, 2014 - 7:07 am Energy RSS

Sesa Sterlite Limited: Production Release for the Second Quarter and Half Year Ended 30 September 2014

October 10, 2014 - 5:00 am Energy RSS

Cairn India announces production update

Cairn India announces the production update for the second quarter and half year FY 2014-15

October 10, 2014 - 4:14 am Energy RSS

Vedanta Oil And Gas Production Drops Amid Shutdown; Stock Falls

India-focused miner Vedanta Resources (VED.L) Friday reported drop in the second-quarter average daily gross operated oil and gas production, amid a planned shutdown in Rajasthan. The stock declined over 5 percent in early morning trade.

October 10, 2014 - 3:50 am Energy RSS

Sanchez Energy Corporation Invites You to Join Its Third Quarter 2014 Earnings Conference Call

Sanchez Energy Corporation Invites You to Join Its Third Quarter 2014 Earnings Conference Call

October 9, 2014 - 8:15 pm 360 Company Releases

Magnum Hunter Resources Announces Definitive Agreement to Sell Certain Non-Core Assets Located in Divide County, North Dakota

Magnum Hunter Resources Announces Definitive Agreement to Sell Certain Non-Core Assets Located in Divide County, North Dakota

October 9, 2014 - 8:02 pm 360 Company Releases