Archive for December, 2014

Sanchez Energy Updates Catarina Operations, Balance Sheet

Sanchez Energy Updates Catarina Operations, Balance Sheet

Sanchez Energy Corporation’s (ticker: SN) development of its Catarina assets in the Eagle Ford (EF) are exceeding company expectations, SN management said in a news release on December 10, 2014. The Catarina, acquired from Royal Dutch Shell (ticker: RDS.B) in …

Crude Oil Cuttings for the Week Ended December 5, 2014

Crude Oil Cuttings for the Week Ended December 5, 2014

CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/05/14)

crude_oil_cuttingsCurrent: 380,789

Actual Build/(Withdrawal): 1,454

Economist Average Estimate: (2,625)

Previous: 379,335

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


 

KLR Group (12.10.14)
December 10, 2014 - 6:15 pm Commodity Pricing
Crude Oil Prices:  Brent Trades Below $65, WTI Trades Below $61

Crude Oil Prices: Brent Trades Below $65, WTI Trades Below $61

OPEC Cuts Demand Forecast

OPEC cut demand forecast for its crude oil to a 12-year low, sending oil prices, energy shares and the overall stock market into a dive on Wednesday. West Texas Intermediate (WTI) traded at a day low …

December 10, 2014 - 5:32 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC

Jones Energy, Inc. Acquires 5,120 Contiguous Net Acres in the Texas Panhandle with Option to Acquire 63,000 Additional Net Acres

Jones Energy, Inc. (JONE) announced today that it recently acquired a contiguous block of 5,120 net acres in Hutchinson County, Texas, prospective for its primary drilling target, the Cleveland sandstone. The lease was acquired on favorable commercial terms …

December 10, 2014 - 3:57 pm Energy News

Harper calls climate regulations on oil and gas sector ‘crazy economic policy’

Source: Business News Network

Prime Minister Stephen Harper has retreated further from his pledge to regulate carbon emissions in the oil industry, saying it would be “crazy” to do so at a time of fallen crude prices.

In the House

December 10, 2014 - 3:54 pm Energy News
Politicians Look to Lift Export Ban as Oil Prices Continue to Drop

Politicians Look to Lift Export Ban as Oil Prices Continue to Drop

Representative Joe Barton (R-Tex) introduced a bill yesterday that would remove restrictions on crude oil exports from the United States.

The bill plans to “remove all restrictions on the export of crude oil, which will provide domestic economic benefits, enhanced …

December 10, 2014 - 3:39 pm Oil and Gas 360 Articles, Politics & Opinions
“To Frac or to Frack, That is the Question”

“To Frac or to Frack, That is the Question”

Oil & Gas 360® received an email from a reader, asking us to think about the spelling of the word Frac versus Frack.  Now, dear readers, we are in the Frac camp.  For a couple of reasons.  First, there’s no …

December 10, 2014 - 2:50 pm Fracing, Oil and Gas 360 Articles
Russia Resumes Gas Shipments to Ukraine

Russia Resumes Gas Shipments to Ukraine

Yesterday, Ukraine confirmed that it had begun to receive gas shipments from Russia’s state owned Gazprom (ticker: OGZPY) after a six-month cutoff, reports news agency ITAR-TASS.

“Imports from Russia began two days earlier than planned,” Ukraine’s gas transport company …

December 10, 2014 - 2:27 pm International, Oil and Gas 360 Articles

Argent Energy Trust credit facility updated

Argent Energy Trust credit facility updated

December 10, 2014 - 11:20 am Uncategorized

SNC-Lavalin Group member, Kentz awarded four-year contract by Qatar Shell

SNC-Lavalin Group member, Kentz awarded four-year contract by Qatar Shell

December 10, 2014 - 11:16 am Uncategorized

Emerge Energy Services LP Announces First Shipments from Arland Plant

Emerge Energy Services LP Announces First Shipments from Arland Plant

December 10, 2014 - 11:08 am Uncategorized

CATERPILLAR INCORPORATED – Caterpillar Inc. Maintains Dividend Rate

CATERPILLAR INCORPORATED – Caterpillar Inc. Maintains Dividend Rate

December 10, 2014 - 10:49 am Uncategorized

Caterpillar Inc. Maintains Dividend Rate

Caterpillar Inc. Maintains Dividend Rate

December 10, 2014 - 10:39 am Uncategorized

Lonestar Resources, Ltd. Updates Guidance

Lonestar Resources, Ltd. Updates Guidance

December 10, 2014 - 10:15 am 360 Company Releases

BNY Mellon hails trailblazing move to open up Romanian market to foreign investors

BNY Mellon hails trailblazing move to open up Romanian market to foreign investors

December 10, 2014 - 10:01 am Uncategorized

U.S. Exports to grow by $88 billion in 2015, reports Euler Hermes

U.S. Exports to grow by $88 billion in 2015, reports Euler Hermes

December 10, 2014 - 9:53 am Uncategorized

Controlling Demand Response Instrumental in Lower Electric Bills and Higher Profits

Controlling Demand Response Instrumental in Lower Electric Bills and Higher Profits

December 10, 2014 - 9:40 am Uncategorized

Sanchez Energy Provides Interim Update Regarding the Company’s Current Financial Position and Recent Operations Activity

Sanchez Energy Provides Interim Update Regarding the Company’s Current Financial Position and Recent Operations Activity

December 10, 2014 - 9:00 am 360 Company Releases

Miller Energy Resources Reports Second Quarter Results

Miller Energy Resources Reports Second Quarter Results

December 10, 2014 - 8:47 am 360 Company Releases

Miller Energy Resources Reports Second Quarter Results

Miller Energy Resources Reports Second Quarter Results

December 10, 2014 - 8:47 am Uncategorized

Denbury Announces New Credit Facility

Denbury Announces New Credit Facility

December 10, 2014 - 8:45 am Uncategorized

AltaGas Ltd. Announces Monthly Dividend

AltaGas Ltd. Announces Monthly Dividend

December 10, 2014 - 8:45 am Uncategorized

PrairieSky Royalty Announces Appointments to the Board of Directors

PrairieSky Royalty Announces Appointments to the Board of Directors

December 10, 2014 - 8:30 am Uncategorized

STWA Issues Letter to Shareholders

STWA Issues Letter to Shareholders

December 10, 2014 - 8:29 am Uncategorized

VAALCO Energy Announces Well Results at Etame Field

VAALCO Energy Announces Well Results at Etame Field

December 10, 2014 - 8:00 am 360 Company Releases

Callon Petroleum (CPE) Hits New 52-week Low During December 09 Session

Callon Petroleum (CPE) Hits New 52-week Low During December 09 Session

December 10, 2014 - 5:31 am 360 Company Releases
PetroQuest’s Thunder Bayou Well Lives Up to its Name

PetroQuest’s Thunder Bayou Well Lives Up to its Name

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.

Lonestar Resources Seeks to Expand Eagle Ford Position in New Commodity Environment

Lonestar Resources Seeks to Expand Eagle Ford Position in New Commodity Environment

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 …

BG Sells Natural-Gas Pipeline for $5 Billion

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 …

December 9, 2014 - 7:02 pm Energy News

Talisman Responds To Media Reports

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 …

December 9, 2014 - 7:01 pm Energy News