Archive for October, 2014

Magnum Hunter Resources Announces Closing of New Credit Facilities and Refinancing of Prior Revolving Credit Facility

Magnum Hunter Resources Announces Closing of New Credit Facilities and Refinancing of Prior Revolving Credit Facility

October 22, 2014 - 4:26 pm 360 Company Releases

California Resources Corporation Announces 3rd Quarter and Nine Month 2014 Financial Results

California Resources Corporation, a subsidiary of Occidental Petroleum Corporation (OXY), announced net income of $188 million for the third quarter of 2014, compared with $235 million for the third quarter of 2013. Net income for the first nine months of …

October 22, 2014 - 4:22 pm Energy News
An Oil & Gas 360® Exclusive Interview with John Gerdes, Head of Research for KLR Group

An Oil & Gas 360® Exclusive Interview with John Gerdes, Head of Research for KLR Group

A 30-year oil and gas veteran gives his perspective on the E&P space, oil prices, OPEC, LNG and New York’s shale

Oil & Gas 360® had an opportunity to speak with John Gerdes about the oil and gas industry from …

October 22, 2014 - 4:10 pm Oil and Gas 360 Articles, Straight Answers

Update: Torchlight Discloses Disadvantaged Economic Arrangement

Update: Torchlight Discloses Disadvantaged Economic Arrangement

October 22, 2014 - 3:37 pm 360 Company Releases

Oil resumes slide, falling $2 after second big U.S. stock build

Oil prices resumed their deep downward march on Wednesday, with U.S. After trading in a relatively narrower range for the past few days, Brent crude fell $1.68 at $84.56 a barrel at 2:37 EST (1824 GMT). The Energy Information Administration …

October 22, 2014 - 3:31 pm Energy RSS

Oil slips towards $86 after big jump in U.S. crude stocks

Global benchmark Brent reversed course after the U.S. Energy Information Administration said crude inventories rose by 7.11 million barrels, more than the 2.7 million-barrel increase analysts had expected. "The large crude oil build is the dominant feature of the report, …

October 22, 2014 - 2:20 pm Energy RSS

Mixed Oil Service Earnings Put These Energy ETFs in Focus

Oil service stocks have posted mixed results in recent days, and with the recent slide in oil it will be interesting to see how these companies perform now.

October 22, 2014 - 2:16 pm Energy RSS

Oil Producers Cluster Wells in Classic Push to Extend Boom

West Texas Intermediate oil fell $1.16 to $81.33 a barrel on the New York Mercantile Exchange at 1:37 p.m. An analysis of a group of wells on the same lease in La Salle County, in the heart of Texas's booming …

October 22, 2014 - 1:54 pm Energy RSS

Oil prices slide as US crude reserves surge

London (AFP) – World oil prices hit reverse Wednesday following news of surging stockpiles in top consumer the United States, with additional selling pressure from the stronger dollar.

October 22, 2014 - 1:53 pm Energy RSS

Total’s Board of Directors pays homage to Christophe de Margerie and organizes the Group’s new governance

The Board of Directors met today and paid homage to Chairman and CEO Christophe de Margerie, who died tragically in an airplane accident in Moscow on the night of October 20-21, 2014.

After joining the Group in 1974, Christophe de

October 22, 2014 - 11:26 am Energy News

Ebola halts Exxon offshore Liberia exploration

PETRO GLOBAL NEWS – ExxonMobil has delayed the startup of its first offshore Liberia exploration well as concerns mount over the Ebola outbreak ravaging western Africa.

An ExxonMobil spokesman told the Houston Chronicle that the planned late-2014 start date at …

October 22, 2014 - 11:18 am Energy News

Breitling Energy’s CEO Addressing Prestigious Houston Condensate Convention

The Eagle Ford shale formation sprawls across more than 15 south Texas counties and with 269 working drilling rigs, it currently supports 155,000 jobs and contributed $87 Billion to the Texas economy in 2013, according to a comprehensive report released …

October 22, 2014 - 11:00 am Energy RSS

Bakken briefs

Oilfield waste facility opens

October 22, 2014 - 10:29 am Energy RSS

Magnum Hunter Resources Completes Production Test Results on Stewart Winland Pad in Tyler County, West Virginia

Magnum Hunter Resources Completes Production Test Results on Stewart Winland Pad in Tyler County, West Virginia

October 22, 2014 - 7:00 am 360 Company Releases

Matador Resources Company Announces Date of Third Quarter 2014 Earnings Release

Matador Resources Company , an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with an emphasis on oil and natural gas shale and other unconventional plays and with a current focus …

October 22, 2014 - 7:00 am Energy RSS

Oil Producers Cramming Wells in Risky Push to Extend Boom

U.S. shale producers are cramming more wells into the juiciest spots of their oilfields in a move that may help keep the drilling boom going as prices plunge.

October 22, 2014 - 4:10 am Energy RSS

Judge to hear Colorado man's plea agreement in teacher's killing in Bakken oil patch

A Montana judge will consider a plea agreement Wednesday that calls for a Colorado man to plead guilty to killing a high school teacher and burying her in a shallow grave in the Bakken oil patch.

October 22, 2014 - 2:37 am Energy RSS

Crude oil rule changes urged

Albany Two commissioners in the Cuomo administration are urging the North Dakota governor to back proposed rules that would make crude oil from that state's Bakken field less explosive before it is shipped on rail cars, thousands of which are …

October 22, 2014 - 1:58 am Energy RSS

Falling oil prices stretch Venezuela's books to limit

Caracas (AFP) – Sliding oil prices are deepening the budget crisis facing the Venezuelan government, which is already struggling to fund its lavish subsidies and rigid exchange-rate controls, analysts say.

October 21, 2014 - 11:45 pm Energy RSS
Graph of the Week – Cost of Living in the Oil Patch

Graph of the Week – Cost of Living in the Oil Patch

What Does $3,500 a Month Rent Get You in the Oil Patch?

chart-cost-of-living-by-resource-basin

If you know anyone looking for an oilfield job, they might pick their basin by looking at how much the monthly rent for a home, apartment or condo …

October 21, 2014 - 8:08 pm Chart of Week, Oil and Gas 360 Articles

VAALCO Energy Schedules Third Quarter 2014 Earnings Conference Call

VAALCO Energy Schedules Third Quarter 2014 Earnings Conference Call

October 21, 2014 - 6:49 pm 360 Company Releases

6-figure oil jobs lead to massive shortage of home builders

In the oil boom towns of North Dakota, Texas and Colorado there's a big demand for new homes — but there's no one to build them.

October 21, 2014 - 6:34 pm Energy RSS
Home Runs Come, but Not Without A Ton of Planning

Home Runs Come, but Not Without A Ton of Planning

Parallels Abound Between Baseball and the Energy Industry as 110th Fall Classic Gets Underway.

“The journey from the minor leagues to the World Series parallels the struggle to climb the ladder of American business. Many try, but only a

October 21, 2014 - 6:08 pm Oil and Gas 360 Articles

Study in Irony: Researchers Say Oil Rigs Are Great for Fish

Those giant offshore oil platforms dotting California’s coastline look like the least friendly marine habitat you could find.

October 21, 2014 - 5:19 pm Energy RSS

Oil ends up after China demand news, fragile recovery seen

Brent crude oil ended up almost 1 percent on Tuesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling. Analysts and traders cautioned, however, that global economic data, especially out of …

October 21, 2014 - 5:15 pm Energy RSS

Callon Petroleum Company Announces Third Quarter 2014 Earnings Release and Conference Call Schedule

Callon Petroleum Company Announces Third Quarter 2014 Earnings Release and Conference Call Schedule

October 21, 2014 - 4:44 pm 360 Company Releases

PetroQuest Energy, Inc. Invites You To Join Its 2014 Third Quarter Earnings Conference Call

PetroQuest Energy, Inc. Invites You To Join Its 2014 Third Quarter Earnings Conference Call

October 21, 2014 - 4:01 pm 360 Company Releases

RSP Permian, Inc. Announces Timing of Third Quarter 2014 Financial Results and Conference Call

DALLAS, Oct. 21, 2014 /PRNewswire/ — RSP Permian, Inc. ("RSP" or the "Company") (RSPP) today announced that it will release its third quarter 2014 results before the New York Stock Exchange opens on Monday, November 10, 2014.  This release will …

October 21, 2014 - 4:01 pm Energy RSS

Investors Pile Into Oil Funds at Fastest Pace in 2 Years

Investors are putting money into funds that track oil prices at the fastest rate in two years, betting that crude will rebound from a bear market. The four biggest oil exchange-traded products listed in the U.S. Shares outstanding of the …

October 21, 2014 - 3:20 pm Energy RSS

Permian Basin Royalty Trust Announces October Cash Distribution

DALLAS, Oct. 21, 2014 /PRNewswire/ — Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.056006 per …

October 21, 2014 - 10:00 am Energy RSS