November 3, 2014 – Oil & Gas 360

EnLink’s $235 Million Midstream Acquisitions Increase Capabilities in the Gulf

November 3, 2014

Henry Hub Transfers Ownership The EnLink Midstream companies, EnLink Midstream Partners, LP (ticker:ENLK) and EnLink Midstream, LLC (ticker:ENLC) completed a $235 million deal agreement with Chevron Pipe Line Company and Chevron Midstream Pipelines LLC (ticker:CVX) for three different natural gas pipeline assets totaling nearly 1,400 miles, 11 billion cubic feet of working natural gas storage capacity, and ownership and management

Stone Energy Corporation Announces Third Quarter 2014 Results

November 3, 2014

Stone Energy Corporation (SGY) today announced financial and operational results for the third quarter of 2014. Some of the highlights include: Accelerated production schedule at Cardona/Cardona South development project Executed attractive multi-year rig contract for deep water drilling program Drilled Utica well; production test in fourth quarter Closed sale of non-core conventional shelf assets Production results slightly above upper guidance

Rosetta Resources Inc. Announces 2014 Third Quarter Financial and Operational Results and 2015 Plans

November 3, 2014

Increased total daily production to 73.5 MBoe/d, up 44 percent versus 2013 and 20 percent quarter-over-quarter Increased Permian daily production to 8.2 MBoe/d, up 82 percent quarter-over-quarter Successfully completed seven Delaware Basin horizontal wells Announces 2014 fourth quarter capital, volume and expense guidance 2014 full-year capital guidance remains unchanged 2014 full-year production expected to be at the high end of

$1.6 Billion Gas Deal Warms Europe, Ukraine

November 3, 2014

Moscow insists on payment up front Late last week, the EU, Russia and Ukraine struck a long awaited deal to supply Russian gas to Ukraine and Europe this winter. “EU officials said both Russia and Ukraine had bargained hard for commitments from the Western bloc,” according to Reuters, “with Moscow looking for EU cash to help Ukraine pay off debts to Gazprom (ticker: GAZP)

Acorn Energy Update: U.S. Seismic Backed by Positive Reviews, New Director

November 3, 2014

Acorn Energy Inc. (ticker: ACFN) is a multi-faceted holding company with four portfolio companies focused on underwater security solutions, power generation and delivery, and fiber optic sensing solutions. US Seismic Systems, Inc. (USSI) is focused on increasing oil and gas production while decreasing costs through the use of its fiber optic equipment. Off the Starting Blocks Fiber optics is a

EIA Reports Record High Crude Oil Exports

November 3, 2014

Re-exporting Canadian Oil through U.S. According to an Energy Information Administration (EIA) report released October 31, crude oil exports reached their highest levels in 57 years in July. The EIA reported that the United States exported 401,000 BOPD in July, marking the second highest monthly export volume since the EIA started publishing data in 1920. Due to current U.S. crude

Canada’s Oil Sands Crude will Reach Gulf Coast Without Keystone XL: Jim Prentice

November 3, 2014

By Bloomberg Nov. 3, 2014 Oil-sands crude will supply Gulf Coast refineries regardless of how President Barack Obama rules on the Keystone XL pipeline, Alberta Premier Jim Prentice said. Developers of Alberta’s oil sands can use trains to reach the world’s largest refining market or the Energy East conduit to Canada’s Atlantic coast that TransCanada Corp. (TRP) is also proposing, Prentice

Statoil Sees $200 Billion in Sales From Sverdrup Oilfield

November 3, 2014

BLOOMBERG – Statoil ASA (STL) said the Johan Sverdrup deposit will generate 1.35 trillion kroner ($200 billion) in revenue over 50 years after it starts pumping oil in 2019 as the company released an environmental impact assessment. The assessment is the first step of the development and operation plan that’s expected to be handled by parliament next year, Stavanger-based Statoil said

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