What a difference a year makes.
When Oil & Gas 360® released its year in review piece exactly 365 days ago, the Energy Information Administration (EIA) was projecting oil volumes to rise through 2016 and natural gas volumes to …
Weatherford International plc (WFT) closed the previously announced sale of the Company’s engineered chemistry and Integrity drilling fluids businesses to an affiliate of The Lubrizol Corporation, a Berkshire Hathaway company, for a purchase price of $750 million, subject …
CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/26/14)
Current: 385,455
Actual Build/(Withdrawal): (1,754)
Economist Average Estimate: 133
Previous: 387,209
Click here for the chart with five year averages.
Click here for an archive of EnerCom’s Inventory Reports
Important disclosures: The …
NATURAL GAS INVENTORY (Week Ended 12/26/14)
Current: 3,220 Bcf
Actual Injection/(Withdrawal): (26) Bcf
Economist Average Estimate: (35) Bcf
Previous: 3,246 Bcf
UPCOMING DEADLINE: The Law Offices of Vincent Wong Notifies Investors of Class Action Involving SandRidge Energy, Inc. and a Lead Plaintiff Deadline of January 12, 2015
…Resolute Energy Corporation Announces $150 Million Second Lien Secured Term Loan And Amendment Of Senior Revolving Credit Facility
…American Eagle Energy Announces Operations and Guidance Update
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Baker Hughes (ticker: BHI) latest rig count shows a decline from previous weeks in the number in total U.S. rigs. The count, which includes both oil and gas rigs, fell by …
Listed below are gas prices for the Denver, Houston and New York metropolitan areas for 2014. All have dropped roughly $1.00 on a year-over-year basis, with prices in Denver and Houston dropping by roughly 33% compared to last December and …
If Brent crude, the North Sea benchmark, remains in the $60 to $70 range, at least 85% of British offshore oil and gas resources in the …
Russia’s state-owned Gazprom (ticker: OGZPY) announced its investment program and budget for 2015, cutting its capital budget substantially from 2014.
With Russia reporting its first economic contraction today, …
Petróleo Brasileiro S.A. (ticker: PBR), or Petrobras, will release its official Q3’14 financial results in January 2015 without the external auditors report from PricewaterhouseCoopers (PwC). The decision, announced on December 29, 2014, adds that PBR is “committed to releasing …
Coal stockpiles increased by more than 12 million tons in October 2014, the largest build since 2011, reports the U.S. Energy Information Administration (EIA).…
Breitling Energy Corporation (BECC) (the “Company”) recently announced participation in the New Wilcox Sands Project.
The Company is participating in the Jackson Prospect with Frank Davis Exploration Company, a Mississippi-based exploration and production company (“FDEC”). FDEC drilled a …
Southwestern Energy Company (SWN) posted an updated presentation to its website with materials that are planned to be discussed on its company update call on December 30, 2014. Included in this material are details about the recent acquisition …
Tom Petrie, Chairman of Petrie Partners, appears on Bloomberg’s Street Smart to discuss the outlook of the energy industry.
Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to …
As expected, the majority of North American E&Ps are slashing budgets in anticipation for 2015 – a year in which the Energy Information Administration forecasts West Texas Intermediate prices at $62.75/barrel. A common theme in 2015 guidance is a focus …
China’s Ministry of Finance today announced that it will be raising the threshold for windfall taxes on oil and gas output starting January 1. The new threshold will be set at $65 a barrel, up $10 from $55 a barrel, …
Oil prices inched lower this morning, with West Texas Intermediate (WTI) and Brent below $54 and $58, respectively. Crude oil inventories increased by 7.3 million barrels, according to …
Algeria’s oil minister, Youcef Yousfi, on Sunday called on OPEC to cut production in order to raise oil prices and defend smaller producers in the cartel. The country is struggling to deal …
Story by The National Law Review
The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced today that XTO Energy, Inc. (XTO), a subsidiary of ExxonMobil and the nation’s largest holder of natural gas reserves, will spend …
Story by Andrew Topf of Oilprice.com
The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan …
Drilling rig to complete the horizontals of the Oyo-7 and Oyo-8 wells
CAMAC Energy Inc. (“CAMAC” or the “Company”) (NYSE MKT: CAK) announced today that the semi-submersible drilling unit, Sedco Express, has arrived to the Oyo Field located in …
CAMAC Energy Announces Arrival of Sedco Express to the Oyo Field
…Magellan Announces Implementation of ATM Facility and Shelf Registration
…Magnum Hunter Resources’ Stalder 3UH Well (Utica) Located in Monroe County, Ohio Is Now Under Control and Capped
…Enbridge Energy Partners L.P. (NYSE: EEP) (NYSE: EEQ) (“EEP” or the “Partnership”) announced today that agreement has been reached on the terms of the drop down to the Partnership of the remaining 66.7 percent interest in the U.S. segment of …
Planned Australian liquefied natural gas (LNG) export projects are at risk as sinking energy prices make investments unviable, reports Reuters. A nearly 50% slump in Asian LNG prices this year has pressured …
Story by Bloomberg
The U.S. economy roared into overdrive in the third quarter as consumer and business spending fueled the biggest expansion in more than a decade.
Gross domestic product grew at a 5 percent annual rate from July through …
Story by Bloomberg
Hawaii, the U.S. state with the most expensive gasoline and power, also stands to get the most benefit from the collapse in oil prices.
The string of remote Pacific islands is more dependent on oil than …
