Thunder Bayou Production Expected to Commence Q2 2015 at 25-30 MMcfe/day gross On December 9, 2014, PetroQuest Energy (ticker: PQ) announced results from its Thunder Bayou Prospect (50% working interest and 37% net revenue interest) located in Vermilion Parish, Louisiana. The onshore well encountered 490 gross feet (202 net) of pay within the primary Cris R2 objective and casing has been set
Lonestar Resources (OTCQX: LNREF, ASX: LNR) is an oil and gas company in Fort Worth, Texas, focused on acquiring and exploiting the Eagle Ford Shale. The company has doubled its acreage on a compounded year-over-year basis since 2012 and is listed on both the Australian Stock Exchange (following a January 2013 merger with Amadeus Energy) and the U.S. based OTCQX
Source: The Wall Street Journal BG Group PLC on Tuesday said it would sell a gas pipeline in Australia for $5 billion, the largest deal in the British oil and gas company’s history. BG said it had agreed to sell its wholly-owned subsidiary QCLNG Pipeline Pty Ltd, which in turn owns the 543-kilometer pipeline running from two of its natural
Talisman Energy Inc. (TLM.TO) (TLM) is issuing this press release at the request of Market Surveillance at IIROC on behalf of the Toronto Stock Exchange. Talisman acknowledges that it has been approached by a number of parties, including Repsol, with regards to various transactions. There is no assurance that any transaction will be agreed. Until such time as it is
Basic Energy Services, Inc. (BAS) (“Basic”) today reported selected operating data for the month of November 2014. Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 62,300 producing a rig utilization rate of 67%, compared to 73% and 61% in October 2014 and November 2013, respectively. During the month, Basic’s fluid service
Major companies are struggling to maintain capital expenditures as oil prices continue to slide further. Already in the last six months prices have fallen more than 40% as supply continues to outpace sluggish demand growth. In the last week, three large Canadian companies announced major cuts to their capital expenditures for 2015. Vermilion Energy (ticker: VET) and Canadian Oil Sands
Halcon Resources Corporation (HK) (“Halcon” or the “Company”) today announced that it has commissioned its first compressed natural gas (“CNG”) facility through its subsidiary, Hawk Clean Fuels. This CNG facility is serving the Company’s operations in its El Halcon area in East Texas and is being used to displace diesel fuel used in drilling operations. Halcon believes using CNG to
Source: Breitling Energy Breitling Energy Corporation (BECC) (the “Company”) announces that amidst falling oil prices comes increased speculation among analysts and pundits regarding various exploration and production companies’ sustainability if prices remain at this level or lower levels for an extended period. Some oil and gas executives have updated the market stating that their companies could sustain profitability at various
A Look at Valuations EOG Resources (ticker: EOG) announced yesterday the divestiture of all its assets in Manitoba and certain assets in Alberta in two separate transactions to unidentified buyers that closed November 28 and December 1, 2014, respectively. The company announced that the net proceeds for the deals totaled $410 million, and that the deal will release $150 million
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