Archive for November, 2014

Arabella Exploration Increases Ownership in Producing Properties

Arabella Exploration Increases Ownership in Producing Properties

November 24, 2014 - 8:01 am 360 Company Releases
Core Laboratories’ Analyst Coverage Climbs to 18 Firms with Initiation from SunTrust

Core Laboratories’ Analyst Coverage Climbs to 18 Firms with Initiation from SunTrust

The oilservice provider that keeps on giving. 

SunTrust Robinson Humphrey has initiated coverage on Core Laboratories (ticker: CLB), the company said in a research note on November 20, 2014. A total of 18 firms now cover the company, with four …

November 21, 2014 - 6:29 pm Analytics, Finance, Oil and Gas 360 Articles, Oilfield Services

New tribal head to speed North Dakota natural gas pipeline talks to help curb wasteful flaring

Story by the Associated Press

The new leader of North Dakota’s oil-rich Three Affiliated Tribes is pledging to speed negotiations on a proposed pipeline through tribal land that would curb the wasteful burning of natural gas in the state by

November 21, 2014 - 6:21 pm Energy News
Oil Prices are Up

Oil Prices are Up

West Texas Intermediate and Brent crude prices are both up today with strong U.S. economic data and hopes of OPEC production cuts possibly coming on Thanksgiving day, but experts are divided on whether prices will continue to climb. WTI traded …

November 21, 2014 - 6:15 pm Oil and Gas 360 Articles, OPEC
New EIA Tool Details Import Adjustments in Response to U.S. Shale

New EIA Tool Details Import Adjustments in Response to U.S. Shale

New Tool is part of EIA’s “ongoing effort to assess the effects of a possible relaxation of current limitations on U.S. crude oil exports”

The Energy Information Administration has unveiled the unofficial version of its U.S. Crude Oil Import Tracking …

November 21, 2014 - 3:35 pm Oil and Gas 360 Articles
Source: NPR

Iraq, Kurdish Region, Reach an Agreement on Oil Exports

The end of October marked a high point in tensions between Iraq and its oil producing Kurdish region in the north.

Roughly two dozen oil tankers idly turned figure eights in the Mediterranean, filled with oil pumped from Kurdish Iraq …

November 21, 2014 - 3:26 pm International, Oil and Gas 360 Articles
The Future of Germany’s Frac Ban

The Future of Germany’s Frac Ban

Reports this week indicated that Germany might be modifying its fracing laws to make it possible for companies to drill for shale gas. Many hoped that the German government might lift its ban on fracing at depths shallower than 3,000 …

Chart of the Week – Imports of all Oil from Canada to the U.S.

Chart of the Week – Imports of all Oil from Canada to the U.S.

chart

Based on the Energy Information Agency’s database, imports of all grades of oil from Canada have climbed by 27% in the last five years.

Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no …

November 21, 2014 - 11:21 am Chart of Week, Oil and Gas 360 Articles

Eureka Hunter Pipeline Announces Expansion of Its Senior Secured Revolving Credit Facility

Eureka Hunter Pipeline Announces Expansion of Its Senior Secured Revolving Credit Facility

November 21, 2014 - 9:02 am 360 Company Releases

Miller Energy Resources Announces the Close of the Sale of Its Tennessee Assets and Provides an Update on Its RU-9 Well

Miller Energy Resources Announces the Close of the Sale of Its Tennessee Assets and Provides an Update on Its RU-9 Well

November 21, 2014 - 7:00 am 360 Company Releases
Sanchez Energy Reinforced by “Significant” Increase in Borrowing Base

Sanchez Energy Reinforced by “Significant” Increase in Borrowing Base

Sanchez Energy Corporation (ticker: SN), a rapidly expanding E&P targeting the Eagle Ford Shale, announced an increase of $287.5 million to its borrowing base in a press release on November 20, 2014. Per the terms of the commitment, SN has …

Shell Wins Tax Battle in India

Shell Wins Tax Battle in India

Bombay High Court’s decision could make India more attractive to foreign companies

Royal Dutch Shell (ticker: RDS) has won its court case in India over a $2.5 billion lawsuit. The Indian tax authority tried to collect transfer pricing taxes on …

November 20, 2014 - 6:41 pm International, Oil and Gas 360 Articles
House Passes 3 New EPA Bills

House Passes 3 New EPA Bills

Bills Would Change How the EPA Operates

The U.S. House of Representatives today voted to pass H.R. 4795, the Promoting New Manufacturing Act, with a vote of 238-172. The bill is set to help cut red tape associated with building …

November 20, 2014 - 4:55 pm Oil and Gas 360 Articles, Politics & Opinions

Breitburn Energy Partners Acquires QR Energy, Elects Donald D. Wolf to Board and Announces Common Unit Distribution Increase and Monthly Preferred Distribution

Breitburn Energy Partners LP (BBEP) announced that it completed the acquisition of QR Energy, LP on November 19, 2014.

In connection with the acquisition, Breitburn has elected Donald D. Wolf to its Board of Directors. Mr. Wolf is …

November 20, 2014 - 4:41 pm Energy News, Mergers & Acquisitions

Forest Oil Shareholders Approve Business Combination with Sabine Oil & Gas

Forest Oil Corporation (FST) (Forest or the Company) today announced that its shareholders have approved, by majority vote of the outstanding shares of Forest, all of the proposals that were presented with respect to the previously announced business …

November 20, 2014 - 4:37 pm Energy News, Mergers & Acquisitions

Nighthawk Energy plc (“Nighthawk” or “the Company”) Production and Drilling Update

Nighthawk Energy plc (“Nighthawk” or “the Company”) Production and Drilling Update

November 20, 2014 - 12:01 pm 360 Company Releases

Callon Petroleum Company Announces Upcoming Investor Events

Callon Petroleum Company Announces Upcoming Investor Events

November 20, 2014 - 8:30 am 360 Company Releases

Sanchez Energy Announces Significantly Expanded Availability Under Its Revolving Credit Facility

Sanchez Energy Announces Significantly Expanded Availability Under Its Revolving Credit Facility

November 20, 2014 - 7:00 am 360 Company Releases
EPA Chief Fires Back

EPA Chief Fires Back

“President has the best interests of the EPA in mind”

After mid-term elections that saw the Senate change hands from the Democrats to the Republicans and increased the GOP’s representation in the House, many in the GOP are saying the …

November 19, 2014 - 7:23 pm Oil and Gas 360 Articles, Politics & Opinions
Are Western Sanctions Hurting Russian Oil and Gas?

Are Western Sanctions Hurting Russian Oil and Gas?

Earlier this year, the U.S. and the E.U. began a sanction regime against Russia in response to the ongoing crisis in Ukraine. The sanctions are being used to target specific industries in the Russian economy, particularly oil and gas, the …

November 19, 2014 - 7:17 pm International, Oil and Gas 360 Articles, Politics & Opinions

Evolution Petroleum Updates Capital Spending Plans

Evolution Petroleum Corporation (NYSE MKT: EPM) today provided additional information about its expected capital requirements for fiscal years ending June 30, 2015 and 2016, particularly the Delhi Field in northeast Louisiana. Denbury Resources Inc. (“DNR”), operator of the Delhi …

November 19, 2014 - 6:59 pm Energy News

Breitling Energy Appoints New Executive Vice President

Breitling Energy Corporation (BECC) (the “Company”) announces David J. Kovacs has joined the management team as Executive Vice President of Strategic Development. Mr. Kovacs specializes in investment banking, private equity and venture capital and has extensive experience in …

November 19, 2014 - 6:58 pm Energy News
Most Economic Basins at Today’s Oil/Gas Prices

Most Economic Basins at Today’s Oil/Gas Prices

In October, OAG360 examined the internal rate of return (IRR) in two of America’s key shale basins – the Eagle Ford (EF) and Bakken. EnerCom’s analysis showed the Eagle Ford is more economic than its rival basin by a handful …

November 19, 2014 - 6:46 pm Commodity Pricing, Oil and Gas 360 Articles

Torchlight Energy to Reschedule Third Quarter 2014 Earnings and Operational Update Call

Torchlight Energy to Reschedule Third Quarter 2014 Earnings and Operational Update Call

November 19, 2014 - 4:52 pm 360 Company Releases
Source: ECI Monthly Report

Will U.S. LNG Help Shore Up Japanese Economy?

In recent years there has become an acute awareness of the importance of energy security around the world, particularly in Japan. In 2011 a powerful tsunami from the Pacific knocked the Fukushima Daiichi nuclear power station offline, and led to …

November 19, 2014 - 3:28 pm International, Oil and Gas 360 Articles
Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Pending Lawsuit in Nebraska Likely Stopped Senate Keystone Approval: N.D. Sen. Heidi Heitkamp

 

Sen. Heidi Heitkamp (D-ND), speaking about the Keystone XL pipeline’s failure to pass the Senate by one vote last night, says a lawsuit in Nebraska is likely to blame. “We could have probably picked up a couple more [votes] …

November 19, 2014 - 1:28 pm Oil and Gas 360 Articles, Politics & Opinions

Strategic Oil & Gas Ltd. Announces Third Quarter 2014 Financial and Operating Results

Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSX VENTURE:SOG) reports financial and operating results for the three and nine months ended September 30, 2014. Detailed results are presented in Strategic’s interim condensed consolidated financial statements and related Management’s …

November 18, 2014 - 6:59 pm 360 Company Releases, Earnings

EnLink Midstream Names New Senior Vice President – Finance and Corporate Development

The EnLink Midstream companies, EnLink Midstream Partners, LP (ENLK) (the Partnership) and EnLink Midstream, LLC (ENLC) (the General Partner) (together “EnLink”), today named Benjamin D. Lamb to the position of Senior Vice President – Finance and …

November 18, 2014 - 6:57 pm Energy News

Senate narrowly fails to pass Keystone XL pipeline bill

Story by Reuters

The U.S. Senate on Tuesday narrowly failed to pass a bill that would have approved construction of the controversial Keystone XL pipeline, rejecting a measure the House of Representatives approved last week.

The vote count was 59-41 …

November 18, 2014 - 6:39 pm Energy News

Ford CEO: We’re making a ‘Tesla’ for the masses

Story by Yahoo Finance

We’re still waiting on flying cars, but there is serious innovation in the auto world. Tesla’s electric cars and Google’s self-driving cars are changing the way we think about driving, but so far these technologies have …

November 18, 2014 - 6:16 pm Energy News