MS Executive Director Jeremy Friesen Sees Prices Unsustainably Low, As Both Demand And Supply Will Move At These Levels At the November meeting of the Energy Finance Discussion Group in Denver on Nov. 11, Jeremy Friesen, Commodity Strategist for Morgan Stanley’s Commodity Trading Group, gave a presentation that looked at global economic trends and movements of oil supply and demand.
If you happen to be an oil and gas operator ready to frac your well in Scotland, you could get an official notice from the UK Department of Energy and Climate Change that would make you scratch your head. Seismic restrictions were initiated after two small tremors were felt near Blackpool, Lancashire, after fracturing operations at a shale gas drilling
Despite shrinking domestic numbers, demand for coal is growing internationally Recent years have been difficult for the coal industry in the United States. James River Coal Co. (ticker: JRCCQ) laid off a quarter of its workers, and Consol Energy Inc. (ticker: CNX), another major player in the coal industry, sold off five Appalachian mines to privately held Murray Energy, representing
Largest environmental cleanup in DOJ history ends uncertainty for APC: stock celebrates Manhattan federal Judge Katherine Forrest approved a deal yesterday to have Anadarko Petroleum Corp. (ticker: APC) pay $5.15 billion to clean up nuclear fuel and other pollution in the largest-ever environmental cleanup recovery in the Department of Justice’s history, Reuters reported. Kerr-McGee Corp. (ticker: KMG), which Anadarko acquired
Basic Energy Services, Inc. (BAS) (“Basic”) today reported selected operating data for the month of October 2014. Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 77,800 producing a rig utilization rate of 73%, compared to 71% in both September 2014 and October 2013. During the month, Basic’s fluid service truck count
American Midstream Partners, LP (AMID) (“Partnership”) today reported financial results for the three and nine months ended September 30, 2014. Gross margin (a non-GAAP financial measure) for the third quarter of 2014 was $21.3 million, an increase of $0.4 million, or 1.9 percent, compared to $20.9 million in the prior year period. For the nine months ended September 30, 2014,
Contango Oil & Gas Company (NYSE MKT: MCF) (“Contango”) announced today its financial results for the three months ended September 30, 2014 and provided an operational update. Third Quarter 2014 Highlights Production of 9.4 Bcfe for the quarter Net income of $3.7 million and Adjusted EBITDAX of $47.7 million for the quarter Commenced initial production at South Timbalier 17, our
The Board of Directors of Bonanza Creek Energy, Inc. (BCEI) today announced that it has concluded its extensive nationwide search and named Richard J. Carty as President and Chief Executive Officer of the Company, effective immediately. Mr. Carty (45) succeeds Marvin M. Chronister, our Interim President & Chief Executive Officer, who will return to the Board as an independent director.
