Archive for January, 2015

Lonestar Resources, Ltd December 2014 Quarterly Results Conference Call

Lonestar Resources, Ltd December 2014 Quarterly Results Conference Call

January 30, 2015 - 9:51 pm 360 Company Releases
MILESTONE:  U.S. Imports No LNG in Nov. – First Time Since 1996

MILESTONE: U.S. Imports No LNG in Nov. – First Time Since 1996

According to statistics from the Energy Information Administration, November, 2014, marked the first time since 1996 that the United States has not imported any liquid natural gas (LNG). U.S. LNG imports have been declining since 2007, with substantial decline …

January 30, 2015 - 6:41 pm Oil and Gas 360 Articles
Remarkably Strong Oil Demand in China: DNB Bank

Remarkably Strong Oil Demand in China: DNB Bank

Finally someone has sniffed out a bit of positive news from the land of Mao. In its latest Oil Market Update, Oslo’s DNB Bank sent out a research note entitled: “Remarkably Strong Oil Demand in China in December and Last …

January 30, 2015 - 6:16 pm Analytics, Commodity Pricing, Oil and Gas 360 Articles
Source: Rosneft

Sanctions Prevent Russia From Resuming Drilling in the Arctic in 2015

Sources inside the company have confirmed that Rosneft will not be able to move forward in the Arctic for at least a year due to sanctions.

State-owned energy giant Rosneft (ticker: RNFTF) will not be able to continue drilling in …

Dow Chairman Looks at Oil Prices, NGLs, Ethane Rejection

Dow Chairman Looks at Oil Prices, NGLs, Ethane Rejection

Chem Giant Planning for Growth in 2015

“We believe lower oil prices are a relative positive for Dow and a boost for the global economy.”

“The old view of forecasting five years out almost seems to be out the door.”

Dana Gas Iraq Operations

Shell Inks Deal for $11 Billion Petrochemical Plant in Iraq

Plant will make Iraq largest petrochemical producer in the Middle East

Royal Dutch Shell (ticker: RDSA) signed a deal with Iraq on Wednesday for $11 billion to build a petrochemical plant in the southern oil hub of Basra. Shell has …

January 30, 2015 - 2:06 pm International, Oil and Gas 360 Articles
Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Senate: Thumbs Up for Keystone. What’s Next?

Keystone clears another hurdle on the road to construction

TransCanada’s (ticker: TRP) Keystone XL pipeline received Senate approval yesterday in a bipartisan 62-to-36 vote in favor of allowing the pipeline. Nine Democrats joined 53 Republicans to pass the measure, but …

January 30, 2015 - 1:10 pm Midstream, Oil and Gas 360 Articles, Politics & Opinions

Nighthawk Energy plc (“Nighthawk” or “the Company”) Northern Lincoln County Joint Development Agreements

Nighthawk Energy plc (“Nighthawk” or “the Company”) Northern Lincoln County Joint Development Agreements

January 30, 2015 - 12:19 pm 360 Company Releases

U.S. economy cools in fourth quarter, but consumer spending shines

From Reuters:

U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.

The slowdown followed two back-to-back quarters of bullish growth and is …

January 30, 2015 - 12:06 pm Energy News

Blackstone ‘scrambling’ to invest more than US$10B in oil and gas firms

From the Financial Post:

Blackstone Group LP, the biggest alternative-asset manager, is “scrambling” to invest more than US$10 billion in energy companies after the price of oil plunged, the firm’s president said.

“Our people are scrambling and trying to come …

January 30, 2015 - 12:05 pm Energy News

CRTC opens door for U.S. Super Bowl ads to air on Canadian TV

From BNN:

After years of complaints, television viewers who want to see flashy American Super Bowl ads are getting their way, as a federal regulator is promising to ban broadcasters from swapping in Canadian commercials during the big game.

Each …

January 30, 2015 - 12:03 pm Energy News

Miller Energy Declares Cash Dividends on Its Series B, Series C and Series D Preferred Stock

Miller Energy Declares Cash Dividends on Its Series B, Series C and Series D Preferred Stock

January 30, 2015 - 8:00 am 360 Company Releases

Senate passes Keystone XL measure

Source: CNN News

Washington (CNN) The Senate passed a bipartisan bill on Thursday to clear construction of the Keystone XL pipeline, a controversial project that would transport oil from Canada to the Gulf of Mexico.

The vote was 62 to …

January 29, 2015 - 7:11 pm Energy News

VALLOUREC, HELMERICH & PAYNE, NEWPARK RESOURCES AND ENSCO TAKE TOP HONORS IN ENERGYPOINT RESEARCH’S 2014 CUSTOMER SATISFACTION SURVEY

Reduction in Commodity Prices and Shifting Landscape May Lead to Buyer’s Market, Presenting Both Opportunities & Risks for Oilfield Customers and Suppliers

 

HOUSTON (January 27, 2015) – As a steep decline in oil prices resulted in one of the …

January 29, 2015 - 7:04 pm Energy News

Samson Oil & Gas Lodges December 2014 Quarterly Report and Appendix 5B

Samson Oil & Gas Lodges December 2014 Quarterly Report and Appendix 5B

January 29, 2015 - 7:00 pm 360 Company Releases
Natural Gas Roundup for the Week Ended January 23, 2015

Natural Gas Roundup for the Week Ended January 23, 2015

NATURAL GAS INVENTORY (Week Ended 1/23/15)

roundup2Current: 2,543 Bcf

Actual Injection/(Withdrawal): (94) Bcf

Economist Average Estimate: (110) Bcf

Previous: 2,637 Bcf

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.…

January 29, 2015 - 6:36 pm Commodity Pricing, Oil and Gas 360 Articles

Whiting Petroleum Corporation Announces Fourth Quarter 2014 Earnings Release Date and Conference Call

Whiting Petroleum Corporation Announces Fourth Quarter 2014 Earnings Release Date and Conference Call

January 29, 2015 - 4:19 pm 360 Company Releases
“TOP MINDS IN THE BUSINESS” Exclusive Interview with Dr. Sara Vakhshouri

“TOP MINDS IN THE BUSINESS” Exclusive Interview with Dr. Sara Vakhshouri

View PDF of Slides – Download Video File

The Middle East is filled with countries that have complex energy policies that affect the whole globe. Many of them work together in the Organization of Petroleum Exporting Countries to make decisions …

January 29, 2015 - 3:41 pm Oil and Gas 360 Articles, Politics & Opinions, Top Minds, Videos

PDC Energy Announces Year-End 2014 Proved Reserves of 250 MMBoe; Meets 2014 Production Guidance With 9.3 MMBoe From Continuing Operations

PDC Energy Announces Year-End 2014 Proved Reserves of 250 MMBoe; Meets 2014 Production Guidance With 9.3 MMBoe From Continuing Operations

January 29, 2015 - 8:30 am 360 Company Releases

Little-Known Small Cap Set To Dominate Montney Shale Play

Little-Known Small Cap Set To Dominate Montney Shale Play

January 29, 2015 - 8:01 am 360 Company Releases

Energy XXI Declares Regular Quarterly Dividends on Common and Preferred Shares

Energy XXI Declares Regular Quarterly Dividends on Common and Preferred Shares

January 29, 2015 - 8:01 am 360 Company Releases

Bellatrix Announces Updated 2015 Capital Budget, Guidance and Recently Executed Commodity Fixed Price Contracts

Bellatrix Announces Updated 2015 Capital Budget, Guidance and Recently Executed Commodity Fixed Price Contracts

January 29, 2015 - 7:30 am 360 Company Releases

Energy XXI Announces Fiscal 2015 Second-Quarter Earnings Release and Conference Call Date

Energy XXI Announces Fiscal 2015 Second-Quarter Earnings Release and Conference Call Date

January 29, 2015 - 7:00 am 360 Company Releases

Magellan Provides Update on Poplar CO2-EOR Pilot

Magellan Provides Update on Poplar CO2-EOR Pilot

January 29, 2015 - 6:00 am 360 Company Releases

CARBO Announces Fourth Quarter And Fiscal Year 2014 Earnings

CARBO Announces Fourth Quarter And Fiscal Year 2014 Earnings

January 29, 2015 - 4:00 am 360 Company Releases
Chevron Expands its U.S. Gulf of Mexico Leasehold Position with Acquired Deepwater Acreage

Chevron Expands its U.S. Gulf of Mexico Leasehold Position with Acquired Deepwater Acreage

SAN RAMON, Calif., Jan. 28, 2015 – Chevron Corporation (NYSE: CVX) today announced its subsidiary, Chevron U.S.A. Inc., will work with BP Exploration and Production Inc. (BP) and ConocoPhillips Company (ConocoPhillips) to explore and appraise 24 jointly-held offshore leases in …

January 28, 2015 - 6:26 pm Energy News

Chevron Announces Quarterly Dividend

SAN RAMON, Calif.–(BUSINESS WIRE)–

The Board of Directors of Chevron Corporation (CVX) today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable March 10, 2015, to holders of common stock as shown on …

January 28, 2015 - 6:11 pm Energy News

Cenovus responds to low oil prices with additional reductions to its capital budget

CALGARY, Jan. 28, 2015 /PRNewswire/ – Cenovus Energy Inc. (CVE) (CVE) is further reducing its 2015 capital spending in order to preserve cash and maintain the strength of its balance sheet. The company has identified approximately …

January 28, 2015 - 6:09 pm Energy News
Antero Reports 66% Increase in Proved Reserves to 12.7 Tcfe

Antero Reports 66% Increase in Proved Reserves to 12.7 Tcfe

DENVER, Jan. 28, 2015 /PRNewswire/ —

  • Proved reserves increased by 66% to 12.7 Tcfe at year-end 2014
  • Proved developed reserves increased by 88% to 3.8 Tcfe at year-end 2014
  • 3P reserves increased by 16% to 40.7 Tcfe at year-end 2014
January 28, 2015 - 6:05 pm Energy News
Close proximity of oil and gas drilling operations to residential real estate developments creates problems for operators and homeowners.

Erie, Colo. Town Council Votes Against Postponing Drilling Permits in the Wattenberg

The town of Erie, Colorado, has decided against postponing drilling permits within city limits, The Denver Post reported today. The Erie Board of Trustees voted to not impose a moratorium by a 4-3 count. Citizens had filed noise complaints from …