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 …
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 …
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 …
BP (ticker: BP) has released a statement saying that the company plans to expand its operations in Egypt with a $240 million investment in the country.
Last year, the Egyptian Natural Gas Holding Company (EGAS) auctioned off several blocks in …
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 …
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 …
Magnum Hunter Resources Chairman and CEO to Present at Capital One Securities, Inc. 9th Annual Energy Conference
…Energy XXI to Present at CapitalOne 2014 Securities Energy Conference
…VAALCO Energy To Present at Capital One Securities, Inc. 9th Annual Energy Conference
…PetroQuest Energy Announces Significant Discovery At Its Thunder Bayou Prospect
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Low-Cost Vertical Drilling and Multiple Behind-Pipe Uphole Recompletions Coming in 2015
Chairman Comments in Audio Presentation
Nighthawk Energy (tickers – AIM: HAWK, OTCQX: NHEGY), which operates 100% of its Smoky Hill and Jolly Ranch projects in the eastern Denver-Julesburg Basin, …
EOG Resources, Inc. (EOG) (EOG) today announced the divestiture of all its assets in Manitoba and certain assets in Alberta in two separate transactions that closed on November 28 and December 1, 2014.
Approximate proceeds from the divestitures …
PDC Energy, Inc. (“PDC,” the “Company,” “we” or “us”) (PDCE) today announced its capital budget and production guidance for 2015.
2015 Capital Budget and Production Guidance
PDC’s capital budget for 2015 is approximately $557 million, a decrease of …
Breitling Energy Corporation (BECC) (the “Company”) announces participation in a unique new prospect the Company believes has upside economic viability.
“This is an opportunity we feel is a good fit for this environment,” said Chris Faulkner, the Company’s …
Oil prices slid sharply in Monday trading, dropping by more than 4% to close at a five-year low of $63.02. Brent prices fell in similar fashion, ending the day below the $66.00 mark.
Spot prices for WTI have dropped by …
Reliance Industries Limited (ticker: RIL) and the Mexican state owned company, Petroleos Mexicanos (PEMEX) have entered into a Memorandum of Understanding (MOU) regarding cooperation on potential upstream business opportunities in Mexico and the companies will jointly evaluate value added opportunities …
Whiting Petroleum (ticker: WLL) is officially the largest producer of the Bakken/Three Forks shale play, following its $6.0 billion purchase of Kodiak Oil & Gas on December 8, 2014. The transaction was first announced on July 13, 2014, and involves …
This week’ look at Canadian E&Ps includes four companies with operations in all parts of the Americas, from Canada down to South America.
Bonavista Energy Corp. (ticker: BNP)
Comparative Financial and Operational Metrics for BNP (approximate numbers): Bonavista Energy Corp’s …
The Iraqi government agreed on December 2 to an oil export deal with the northern region of Kurdistan, ending a dispute over oil exports with Iraq’s northern region. Earlier this year, the Iraqi government cut off funding to the Kurdish …
SandRidge Energy, Inc. Declares Semi-Annual Preferred Stock Dividend
…Nighthawk Energy plc (“Nighthawk” or “the Company”) Operational Strategy and Company Presentation
…Whiting Petroleum Completes Acquisition of Kodiak Oil & Gas
…Elsevier Publishes Analog Circuit Design Volume Three and Other New Electronics and Embedded Systems Design Books
…Elsevier Publishes Analog Circuit Design Volume Three and Other New Electronics and Embedded Systems Design Books
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Capital One Securities is extending its research coverage to the MLP/Energy – Midstream sector, the firm announced in a December 4, 2014 note. Coverage was initiated on ten companies in the MLP / Energy-Midstream sphere, with six receiving an “Outperform” …
Chevron Corporation (ticker: CVX) announced this week that crude oil and natural gas production has begun at the Jack and St. Malo offshore project in the Lower Tertiary trend, deepwater U.S. Gulf of Mexico. Jack/St. Malo was delivered on time …
News of delays to the Pacific NorthWest LNG Project have some Canadians concerned about Competitiveness
Malaysian oil giant Petronas announced earlier this week that it will delay its decision about proceeding with its Pacific NorthWest LNG terminal, saying that estimated …
Story by Petro Global News
Steep discounts and a global supply glut pushed shale crude prices in Bakken below $50 a barrel last month, a new report by Plains All American said.
Plains said crude sold at the wellhead in …
Saudi Arabia expects oil prices to stabilize around $60 a barrel, according to the Wall Street Journal, a level both it and other Gulf producers believe they could withstand. While word of oil prices dropping even further is not …
Story by Reuters
Kinder Morgan Inc might export condensate as part of a resurrected plan to move Texas crude to Southern California via a converted natural gas pipeline, energy intelligence firm Genscape Inc reported in a blog post on Thursday.…
