Archive for October, 2014

Comparing National Fuel Gas to its exploration and production peers

In this article, we'll compare National Fuel Gas with some of its larger E&P peers that operate in the Marcellus Shale.

October 21, 2014 - 9:00 am Energy RSS

Firefighters want countywide plan

Local firefighters warned Bergen County officials on Monday that they don’t have the manpower, equipment or expertise required should there be an accident involving trains carrying millions of gallons of volatile Bakken crude oil that pass through their towns every …

October 21, 2014 - 1:37 am Energy RSS
A Bit of Déjà Vu from Equity Markets and Commodities

A Bit of Déjà Vu from Equity Markets and Commodities

The equity markets endured a good old-fashioned stomp-down last week, behaving in almost panic mode. Uncertainty over the Fed, uncertainty over the ECB, slowing economies in China and Europe, Ebola fears and the diving price of oil were among things …

October 20, 2014 - 7:19 pm Oil and Gas 360 Articles
Tesoro Logistics Adds Stake in the Rocky Mountains with $2.5 Billion Acquisition of QEP Field Services

Tesoro Logistics Adds Stake in the Rocky Mountains with $2.5 Billion Acquisition of QEP Field Services

On Sunday, October 19, 2014, Tesoro Logistics (ticker: TLLP) announced the acquisition of QEP Field Services in a deal equaling $2.5 billion. TLLP also acquires a 58% working interest in QEP Midstream Partners (ticker: QEPM), a wholly owned natural gas …

October 20, 2014 - 6:52 pm Midstream, MLPs, Oil and Gas 360 Articles

Infocast Set to Host Eagle Ford & Burgos Basin Cross-Border Development Summit on November 5-6, 2014

The Content-Packed Conference Remains the Only Event Focused on Cross-Border Opportunities Between Texas and Mexico, Brings Together All Stakeholders to Network and Capitalize on Growing Opportunities (PRWeb October 20, 2014) Read the full story at http://www.prweb.com/releases/2014/10/prweb12256169.htm

October 20, 2014 - 11:13 am Energy RSS

Energy XXI Announces Executive Leadership Change, Provides Corporate Update

Energy XXI Announces Executive Leadership Change, Provides Corporate Update

October 20, 2014 - 7:00 am 360 Company Releases

Sumitomo’s Loss Shows Shale Isn’t Booming for Everybody

Land in the Permian Basin, the busiest shale patch in the U.S. oil boom, is worth either $1,000 an acre or 50 times more, depending.

October 20, 2014 - 1:21 am Energy RSS

Pa. studies on shale-site air emissions incomplete, according to court documents

Three widely cited state studies of air emissions at Marcellus Shale gas development sites in Pennsylvania omit measurements of key air toxics and calculate the health risks of just two of more than two dozen pollutants.

October 20, 2014 - 12:05 am Energy RSS

Texas Roughnecks Overrun Best Western as Boom Lives On

A stream of trucks pass through the small town of Kennedy, Texas. Oil production from the Eagle Ford region has jumped 27-fold in the six years since the Petrohawk well, thanks to techniques such as horizontal drilling and hydraulic fracturing …

October 19, 2014 - 6:58 pm Energy RSS

Impact fees benefit Alle-Kiski Valley

Since Marcellus shale gas drillers began paying the state-imposed impact fee three years ago, the money has helped Alle-Kiski Valley communities fix roads, improve parks …

October 19, 2014 - 12:16 am Energy RSS

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

By Mike Stone

October 18, 2014 - 7:24 pm Energy RSS

Study: Marcellus Shale Created 45,000 Trade Jobs

How many jobs is the shale gas industry creating?

October 17, 2014 - 8:48 pm Energy RSS
How One Man’s Decision Cracked Open an Energy Revolution:  the Marcellus Shale Turns Ten

How One Man’s Decision Cracked Open an Energy Revolution:  the Marcellus Shale Turns Ten

The Marcellus shale represents almost 20% of U.S. natural gas production. Ten years ago it was zero.

Jeff Ventura is well aware of the oil and gas history associated with the state of Pennsylvania.

Titusville, 1859—Edwin Drake drilled the …

October 17, 2014 - 5:09 pm Oil and Gas 360 Articles

Shale Oil Production From Bakken, Eagle Ford Up 2.1% in September: Platts' Bentek Energy

DENVER and HOUSTON, Oct. 17, 2014 /PRNewswire/ — Oil production from shale formations in North Dakota and Texas increased by 55,000 barrels per day (b/d) or 2.1% in September, according to Bentek Energy, …

October 17, 2014 - 5:09 pm Energy RSS

Range Announces New Credit Facility and Ratings Upgrade

Range Announces New Credit Facility and Ratings Upgrade

October 17, 2014 - 6:00 am 360 Company Releases
Marcellus/Utica Giant Sells $5.4 Billion in Properties to Southwestern Energy

Marcellus/Utica Giant Sells $5.4 Billion in Properties to Southwestern Energy

Chesapeake Energy (ticker: CHK), a pioneer in the Marcellus/Utica region, announced the sale of $5.375 billion in regional assets to Southwestern Energy (ticker: SWN) in the early morning hours on October 16, 2014. Per the terms of the deal, Southwestern …

October 16, 2014 - 5:53 pm Mergers & Acquisitions, Oil and Gas 360 Articles

Southwestern Energy to buy $5.4 bln in assets from Chesapeake

* Southwestern to buy assets in Marcellus and Utica shale fields * Southwestern shares at 2-yr low indicating co is overpaying * Southwestern adds 435 horizontal wells through deal (Adds Breakingviews column link, updates share movement) Oct 16 (Reuters) – …

October 16, 2014 - 5:48 pm Energy RSS
An OAG360® Exclusive: Interview with Brent Eshleman, COO of Bellatrix Exploration

An OAG360® Exclusive: Interview with Brent Eshleman, COO of Bellatrix Exploration

Bellatrix Exploration Ltd. (ticker: BXE) is a Calgary-based E&P operating in the Western Canada Sedimentary Basin. The majority of operations are focused on the Cardium tight oil play in Alberta – an area that has boosted production rates tenfold since …

October 16, 2014 - 5:13 pm Canada, Oil and Gas 360 Articles, Straight Answers

VAALCO Energy Announces Commencement Of New Drilling Campaign Offshore Gabon

VAALCO Energy Announces Commencement Of New Drilling Campaign Offshore Gabon

October 16, 2014 - 4:49 pm 360 Company Releases

Low Oil Prices Raise the Risk of Recession in Russia

Oil prices dipped to around $92 per barrel in early October

October 16, 2014 - 4:42 pm Energy RSS
Notes from the Road: With PetroQuest Energy in Denver

Notes from the Road: With PetroQuest Energy in Denver

EnerCom, Inc. arranged meetings with institutional investors and analysts for PetroQuest Energy (ticker: PQ) during a non-deal roadshow in Denver on October 13 and 14, 2014.

Click here for the company’s latest presentation.

PetroQuest Energy, Inc. is an independent energy …

October 16, 2014 - 4:42 pm Oil and Gas 360 Articles

Magellan Repurchases Options and Stock From Former Executive

Magellan Repurchases Options and Stock From Former Executive

October 16, 2014 - 4:39 pm 360 Company Releases

Emerald Oil Inc. Hosting Third Quarter 2014 Earnings Conference Call

Emerald Oil Inc. Hosting Third Quarter 2014 Earnings Conference Call

October 16, 2014 - 4:30 pm 360 Company Releases

Oil rises on tight U.S. gasoline stocks, options expiry

Oil prices rose in volatile trade on Thursday, as data showing tight U.S. By the end of the session, oil prices had given up much of those gains, but remained higher on the day. Brent crude for December delivery (LCOc2) …

October 16, 2014 - 4:21 pm Energy RSS

Clayton Williams Energy Updates Eagle Ford and Delaware Basin Operations and Provides Updates to Production Guidance

Clayton Williams Energy, Inc. today provided an operations update on its Eagle Ford and Delaware Basin activities and also provided an update to product

October 16, 2014 - 4:15 pm Energy RSS

Clayton Williams Energy Updates Eagle Ford and Delaware Basin Operations and Provides Updates to Production Guidance

Clayton Williams Energy, Inc. today provided an operations update on its Eagle Ford and Delaware Basin activities and also provided an update to product

October 16, 2014 - 4:15 pm Energy RSS

Falling oil prices shake up global economies

NEW YORK (AP) — A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices …

October 16, 2014 - 3:44 pm Energy RSS

Marathon Oil Closes Norway Business Divestiture for $2.1B

Marathon Oil Corp. (MRO) announced that it has completed the sale of its Norway operations.

October 16, 2014 - 3:10 pm Energy RSS
Graph of the Week:  Coal is Back

Graph of the Week: Coal is Back

Surprise: The EIA predicts more coal will be used to generate electricity this year than in 2013. But they believe coal’s downtrend will resume in 2015. In 2013, 39.1% of U.S. power was generated by burning coal. In 2014 that …

October 16, 2014 - 3:06 pm Oil and Gas 360 Articles

Shale Rail Means Cheaper Gas for California; the Lack of a Natural Gas Pipeline Means Higher Winter Heating Prices in …

Last week there was an article in the Wall Street Journal (WSJ) describing how shale rail – oil produced by “fracking” shale rock – is finally moving to California.  Crude oil is worthless if it can be transported to refineries.  …

October 16, 2014 - 3:00 pm Energy RSS