Comstock Resources, Inc. (“Comstock” or the “Company”) (CRK) announced that it has budgeted $307 million in 2015 for its drilling and completion activities. In response to low oil prices, the Company plans to suspend its oil directed drilling …
Cheniere Energy, Inc. (“Cheniere”) (NYSE MKT: LNG) announced today that its subsidiary, Corpus Christi Liquefaction, LLC (“Corpus Christi Liquefaction”), has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with EDP Energias de Portugal S.A. (“EDP”) under …
Saratoga Resources, Inc. (NYSE MKT:SARA; the “Company” or “Saratoga”) today provided an update on results of recent operations and measures being taken to reduce costs and enhance operational efficiencies in the current challenging environment with oil prices declining to five …
Synergy Resources Corporation (NYSE MKT: SYRG) (“Synergy,” the “Company”), a U.S. oil and gas exploration and production company with operations focused in the Greater Wattenberg Area in the D-J Basin, announces that its Fiscal 2015 capital forecast now includes the …
NATURAL GAS INVENTORY (Week Ended 12/05/14)
Current: 3,295 Bcf
Actual Injection/(Withdrawal): (64) Bcf
Economist Average Estimate: (61) Bcf
Previous: 3,359 Bcf
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ANALYST …
Suhail Bin Mohammed al-Mazroui, oil minister of the United Arab Emirates and a close ally of Saudi Arabia’s King Abdullah, …
Down more than 50% Year to DateOil and gas companies are tightening the purse strings for 2015, as several news releases on guidance are showing capex declines of 20% or more. Commodity hedges may protect most companies from further …
During his annual press conference, which lasted three hours this year, President Putin offered reassurances that Russia’s economic downturn would be remedied, even as the …
Western Refining Logistics, LP Announces Fourth Quarter and Full Year 2014 Earnings Conference Call
…Penn Virginia Corporation Declares Dividends on Series A and Series B Preferred Depositary Shares
…Saratoga Resources Provides Update on Operations and Cost Cutting Measures
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Rice Energy (ticker: RICE), an independent E&P focused purely in the Appalachia, commenced an initial public offering (IPO) for its midstream unit on December 17, 2014. Rice Midstream Partners LP will trade on the New York Stock Exchange under the …
Enterprise Products Partners L.P. (NYSE:EPD) today announced that the board of directors of its general partner has elected Craig W. Murray as Group Senior Vice President and General Counsel, Harry Paul “Hap” Weitzel as Senior Vice President and Deputy General …
The Toronto Stock Exchange TSX Composite was up more than 350 points today as battered energy stocks begin to rebound and the U.S. Federal Reserve offered assurance on its interest rates.
The S&P/TSX composite index jumped …
CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/12/14)
Current: 379,942
Actual Build/(Withdrawal): (847)
Economist Average Estimate: (2,213)
Previous: 380,789
Click here for the chart with five year averages.
Click here for an archive of EnerCom’s Inventory Reports
ANALYST COMMENTARY
**All notes …
The prospects of using hydraulic fracturing to produce natural gas from the highly productive Marcellus shale basin in the state of New York now seem completely dead. …
China National Offshore Oil Corporation (CNOOC) and its partner, Husky Energy (ticker: HSE) announced that their Liuhua 34-2 offshore gas field commenced operations on December 15, 2014.
The Liuhua 34-2 gas field is located in the Eastern South China Sea, …
The Energy Information Administration (EIA) estimates that OPEC revenues from net oil exports will fall substantially from 2013 levels. The EIA estimates that OPEC, excluding Iran, will earn about $700 billion in revenue from exports in 2014.The forecast is a …
Falling prices at the pump will lead to U.S. households spending less on gas next year than in the last eleven years, according to a forecast from the Energy Information Administration (EIA).
The average U.S. household is expected to spend …
Looming mergers and acquisitions is a popular debate in the sub-$60 oil market, and Spain’s Repsol (ticker: REPYY) made the first splash with the US$13.0 billion acquisition of Talisman Energy (ticker: TLM) on December 16, 2014. The deal includes $8.3 …
Chesapeake Energy Corporation (CHK) announced today that it closed on a new five-year, $4.0 billion senior unsecured revolving credit facility. The new facility replaces the existing $4.0 billion senior secured revolving credit facility that was scheduled to mature …
Apache Corporation (ticker: APA) announced on December 15, 2014, that it has agreed to sell its interest in two liquefied natural gas (LNG) projects to Australian E&P Woodside Petroleum Ltd. (ticker: WPL). The deal includes the accompanying upstream oil and …
Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):
TOTAL COMPANY PRODUCTION
Samson net production for 2014 is as follows:
| Q1 | Q2 | Q3 | October | November | ||||||
| OIL, BO | 29,408 | 50,553 | 35,576 | 6,016 | 17,619 | |||||
| GAS, MCF | 48,518 | 50,928 | 46,710 | 12,086 | 9,363 |
Encana Corporation (ticker: ECA) has announced a 2015 capital budget of $2.7 to $2.9 billion, with approximately 80% directed to four of its highest margin growth plays; the Montney and Duvernay in Canada, as well as the company’s Permian and …
Already, another day has dawned bringing more volatility in oil prices. WTI is trading at about $55.25 following an early low of $53.60; and Brent, which had traded as low as $58.55 this morning, …
Range Names Ventura Chairman of the Board
…Elsevier Publishes Four New Books on Nuclear Engineering
…Elsevier Publishes Four New Books on Nuclear Engineering
…CORRECTION – Range Announces 2015 Capital Budget and Record Utica Well Results
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