Archive for November, 2014

Fed’s Two Jobs Collide as Drop in Unemployment Vies With Inflation

Story by Bloomberg

Just when Federal Reserve Chair Janet Yellen and her colleagues will be approaching a decision to raise interest rates, their two mandates will probably be pulling them in different directions.

By June 2015, the jobless rate will …

November 18, 2014 - 6:13 pm Energy News
Energy Transfer Partners Increasing Permian Presence with 533 Mile Pipeline

Energy Transfer Partners Increasing Permian Presence with 533 Mile Pipeline

Infrastructure in the Permian is about to receive a boost from Lone Star NGL, a joint venture between Energy Transfer Partners (ticker: ETP) and Regency Energy Partners (ticker: RGP).

The two companies have approved the construction of the Lone Star …

November 18, 2014 - 6:10 pm Midstream, Oil and Gas 360 Articles
Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Important Changes to Severance, Use Taxes for Colorado Oil & Gas Producers

Two major decisions were made in Colorado state courts in the past 12 months regarding Colorado tax codes that affect many in the oil and gas industry in the state.

The first was made in BP America Co. v. Colorado

Feds Reverse Decision on Frac Ban in National Forest

Feds Reverse Decision on Frac Ban in National Forest

Today the U.S. Forest Service announced that the federal management plan will reverse an outright fracing ban that was proposed in 2011 for the George Washington National Forest, according to a news release from the Forest Service.

The decision …

November 18, 2014 - 4:53 pm Fracing, Oil and Gas 360 Articles

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

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

November 18, 2014 - 4:30 pm 360 Company Releases
TransCanada CEO Speaks Out about Keystone XL

TransCanada CEO Speaks Out about Keystone XL

White House Statements “Factually Incorrect”

UPDATE: Senate bill fails to pass by one vote, 59-41

TransCanada Corp.’s (ticker: TRP) president and CEO Russ Girling today provided a comment in advance of the debate and vote on U.S. Senate bill 2280:…

November 18, 2014 - 3:22 pm Canada, Oil and Gas 360 Articles, Politics & Opinions
New House Bill seeks to Speed EPA Approval for Factories Using NatGas

New House Bill seeks to Speed EPA Approval for Factories Using NatGas

Bill will accelerate EPA approval, accountability

The House of Representatives is set to vote this week on H.R. 4795, the Promoting New Manufacturing Act, authored by House Majority Whip Steve Scalise (R-LA). The legislation encourages building and industrial development in …

November 18, 2014 - 1:45 pm Oil and Gas 360 Articles, Politics & Opinions
EU Customers Pay Double U.S. Rates for Electricity

EU Customers Pay Double U.S. Rates for Electricity

With their residential electricity prices climbing 43% from 2006 to 2013, European citizens are paying through the nose for electricity, especially when compared to U.S. residential electricity prices, which have climbed just 17% in the same time period.

Oil & Gas 360 Electricity Rates in Europe v. U.S.Average residential …

November 18, 2014 - 1:23 pm International, Oil and Gas 360 Articles, Regulatory

Aly Energy Announces Third Quarter Record Revenues, Operating Income and Net Income

Aly Energy Announces Third Quarter Record Revenues, Operating Income and Net Income

November 18, 2014 - 9:01 am 360 Company Releases
Halliburton, Baker Hughes to Merge in $34.6 Billion Deal

Halliburton, Baker Hughes to Merge in $34.6 Billion Deal

Includes $3.5 Billion Payout to Baker Hughes if Merger Fails to Gain Antitrust Approval

The rumblings of a landmark oilservices deal that began on Thursday evening came to fruition over the weekend. By Monday, November 17, 2014, Halliburton (ticker: HAL), …

Oil and Gas 360® Looks at Canada’s E&Ps – Part Two

Oil and Gas 360® Looks at Canada’s E&Ps – Part Two

Last week, Canada’s Harper government released its fall fiscal update, which predicted a $1.9 billion government surplus in 2015-16 and real GDP growth of 2.6% for 2015. These promising forecasts come in spite of falling oil prices that have created …

November 17, 2014 - 6:31 pm Canada, Oil and Gas 360 Articles
Operating within the Realities of Today’s Lower Oil Prices

Operating within the Realities of Today’s Lower Oil Prices

In November’s “Energy Industry Data and Trends,” EnerCom Consulting’s monthly report to subscribers that was issued Nov. 14, the analysts looked closely at well economics as management and directors of oil and gas companies across the industry prepare for board …

Memorial Production Partners LP Announces Appointment of Chris Cooper as Senior Vice President and Chief Operating Officer

Memorial Production Partners LP (MEMP) announced today that Christopher S. (Chris) Cooper has been appointed as Senior Vice President and Chief Operating Officer of the general partner of MEMP. Mr. Cooper is assuming the role formerly held by …

November 17, 2014 - 5:58 pm Energy News, Energy RSS

Saratoga Resources, Inc. Reports Third Quarter 2014 Financial Results

Saratoga Resources, Inc. (NYSE MKT:SARA; the “Company” or “Saratoga”) today announced financial and operating results for the quarter ended September 30, 2014.

Key Financial Results

  • Oil and gas revenues of $15.9 million for Q3 2014 compared to $15.1 million for
November 17, 2014 - 5:42 pm 360 Company Releases, Earnings, Energy News, Energy RSS
Iran Fights Sliding Oil Prices by Drawing on its Sovereign Fund, Looks at Raising Taxes

Iran Fights Sliding Oil Prices by Drawing on its Sovereign Fund, Looks at Raising Taxes

As oil prices continue to drop, Iran looks for a way to minimize the damage being done to its economy, but are its plans in OPEC’s best interest?

OPEC member, Iran, is heavily reliant on petroleum exports and adopted a …

November 17, 2014 - 5:29 pm Oil and Gas 360 Articles, OPEC
NatGas Turbines Replacing Coal-Fired Generation in Ohio

NatGas Turbines Replacing Coal-Fired Generation in Ohio

Private Equity Partnership Announced to Construct NatGas Power Plant

Energy Investors Funds (EIF), an energy-focused private equity firm, and I Squared Capital, an independent global infrastructure investment manager, announced that they have formed an equity partnership to construct the Oregon …

November 17, 2014 - 3:51 pm Oil and Gas 360 Articles

Aly Energy Services, Inc. Announces Third Quarter 2014 Earnings Conference Call

Aly Energy Services, Inc. Announces Third Quarter 2014 Earnings Conference Call

November 17, 2014 - 11:19 am 360 Company Releases

Torchlight Energy Reports Third Quarter 2014 Earnings

Torchlight Energy Reports Third Quarter 2014 Earnings

November 17, 2014 - 11:13 am 360 Company Releases

Oil and Gas Exploration and Production Equities Technical Momentum – VAALCO Energy, Rosetta Resources, Gran Tierra Energy, EP Energy, and Encana

Oil and Gas Exploration and Production Equities Technical Momentum – VAALCO Energy, Rosetta Resources, Gran Tierra Energy, EP Energy, and Encana

November 17, 2014 - 8:35 am 360 Company Releases

Manitok Energy Inc. Announces Financial Results for the Third Quarter of 2014 and an Operational and 2014 Guidance Update

Manitok Energy Inc. Announces Financial Results for the Third Quarter of 2014 and an Operational and 2014 Guidance Update

November 17, 2014 - 7:00 am 360 Company Releases

Dawson Geophysical And TGC Industries Announce Early Termination Of Hart-Scott-Rodino Waiting Period And Filing Of Joint Proxy Statement/Prospectus

Dawson Geophysical And TGC Industries Announce Early Termination Of Hart-Scott-Rodino Waiting Period And Filing Of Joint Proxy Statement/Prospectus

November 17, 2014 - 7:00 am 360 Company Releases

Dawson Geophysical and TGC Industries Announce Early Termination of Hart-Scott-Rodino Waiting Period and Filing of Joint Proxy Statement/Prospectus

Dawson Geophysical and TGC Industries Announce Early Termination of Hart-Scott-Rodino Waiting Period and Filing of Joint Proxy Statement/Prospectus

November 17, 2014 - 7:00 am 360 Company Releases

Harwood Feffer LLP Announces Investigation of SandRidge, Inc.

Harwood Feffer LLP Announces Investigation of SandRidge, Inc.

November 14, 2014 - 8:30 pm 360 Company Releases
House Approves the Keystone XL Pipeline, but will it Really Matter?

House Approves the Keystone XL Pipeline, but will it Really Matter?

While TransCanada’s $8 billion project hangs in the balance, Canadian oil is already moving south

The landslide Republican victory in this month’s midterm elections will prompt changes in the business of politics and in the U.S. economy, but will they …

Two of Top Three OilService Companies Speak of Merger

Two of Top Three OilService Companies Speak of Merger

Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) have begun preliminary talks of a merger, Dow Jones reported on November 13, 2014. BHI confirmed the report later in the evening but did not make any guarantees as to the completion …

Denbury Exercises Capital Restraint in 2015 Planning Amid Declining Oil Prices and Announces Management Changes

Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that senior management will discuss key elements of the Company’s plans for 2015 at its annual analyst day on Tuesday, November 18. Among others, topics will include the …

November 14, 2014 - 6:03 pm Energy News
Yellen: Fed is Global Player Now

Yellen: Fed is Global Player Now

During a two-day conference sponsored by the Federal Reserve, the European Central Bank and the Federal Reserve Bank of New York, Federal Reserve Chair Janet Yellen said it is time for the Fed to start focusing on globalization. Yellen said …

November 14, 2014 - 4:48 pm Oil and Gas 360 Articles, Politics & Opinions
Fracing Chemicals: No More Toxic than Common Household Substances

Fracing Chemicals: No More Toxic than Common Household Substances

A new study, released this week, by the University of Colorado in Boulder found that surfactant chemicals used for fracing are no more harmful than those in your house.

The research team, which published the study in the journal Analytical

November 14, 2014 - 4:42 pm Fracing, Oil and Gas 360 Articles

Robbins Arroyo LLP: SandRidge Energy, Inc. (SD) Misled Shareholders According to a Recently Filed Class Action

Robbins Arroyo LLP: SandRidge Energy, Inc. (SD) Misled Shareholders According to a Recently Filed Class Action

November 14, 2014 - 3:40 pm 360 Company Releases
Bill to Speed Up LNG Export Permits Delayed for Now

Bill to Speed Up LNG Export Permits Delayed for Now

Republican Sen. John Hoeven of North Dakota is holding back his legislation to fast-track the Energy Department’s reviews of LNG exports for now, reports E&E News. Hoeven said he made this decision after talking to Department of Energy (DOE) head …

November 14, 2014 - 11:48 am Oil and Gas 360 Articles, Politics & Opinions