Tuesday, July 8, 2025

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 the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Chevron will be the operator. Chevron, BP and

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 the transfer records of the Corporation at the close of business on February 17, 2015. Contact: Chevron Corporation Justin Higgs, San Ramon,

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 $700 million in additional capital expenditures originally planned for 2015 that can be deferred until crude oil prices recover. “We have great assets, we’re

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 Replaced 1,465% of estimated net production in 2014 Achieved all-in finding and development costs of $0.61 per proved Mcfe during

Will Oil & Gas Operators Come Together with Local Homeowners in 2015? Oil & Gas 360

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 a drill site being run by Encana Corporation (ticker: ECA) in an Erie neighborhood. The Calgary-based E&P agreed not to

Crude Oil Cuttings for the Week Ended January 23, 2015

CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/23/15) Current: 406,727 Actual Build/(Withdrawal): 8,874 Economist Average Estimate: 4,000 Previous: 397,853 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY Raymond James Equity Research This week’s petroleum inventories update was modestly bullish relative to consensus. “Big Three” petroleum inventories (crude, gasoline, distillates) rose

Energy PE Firm HitecVision, Oman's Petrogas to Buy UK oilfields for $635 Million -Oil & Gas 360

New $7 Billion Ghana Offshore Project Set to Start Producing in 2017

1.45 Tcf gas, 5MMBO project is 12% of 2015’s Foreign Direct Investment in Africa: Ghana President The government of Ghana, ENI (ticker: E) and Vitol yesterday signed an agreement to start work on the Offshore Cape Three Points (OCTP) oil and gas project offshore of Ghana. The new project, set approximately 60 km (37 miles) from the Ghanaian Western Region’s

Oil & Gas Development on the East Coast Takes Next Step

The United States Department of the Interior, in conjunction with President Obama, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Director Abigail Ross Hopper, released a Draft Proposed Program for development of offshore properties in an official release on January 27, 2015. The Program opens up 14 potential lease sales in eight planning areas, including: 10

Energy XXI Mourns the Passing of Board Member Paul Davison

HOUSTON, Jan. 27, 2015 (GLOBE NEWSWIRE) — Energy XXI (Nasdaq:EXXI) regretfully announced the passing of Mr. Paul Davison. Mr. Davison suddenly passed away at the age of 61. Mr. Davison served as one of our independent non-executive directors since May 2007. He was as a member of our Audit and Remuneration Committees. “We offer our deepest condolences to his wife

Poll: 71 percent of North Carolina voters favor offshore oil and natural gas development

WASHINGTON, January 27, 2015 – More than seven in ten North Carolina voters support offshore drilling for domestic oil and natural gas resources, according to a new poll conducted by Harris Poll for API’s “What America is Thinking on Energy Issues” series. “Voters in North Carolina know developing more of America’s homegrown energy makes sense for jobs, government revenues, and our

Natural Gas Rises as Blizzard Signals Heating Demand Boost

From Bloomberg: Natural gas futures climbed in New York as a winter storm brought frigid weather to the Northeast, boosting heating demand. The storm was forecast to drop snow across central and eastern New England into Wednesday, according to the National Weather Service. The low in Boston may be 14 degrees Fahrenheit (minus 10 Celsius), 9 below normal, according to

Oil & Gas 360® Presents “TOP MINDS IN THE BUSINESS” an Exclusive Interview with Tom Petrie

https://www.oilandgas360.com/wp-content/uploads/2015/01/Petrie-2015-0116-Final-01.mp4 View the PDF   – Download Video File Few people understand the business of oil and gas better than Tom Petrie. After serving as senior oil analyst for First Boston, Petrie co-founded Petrie Parkman & Co., merged it into Merrill Lynch and subsequently served as Vice Chairman of Bank of America Merrill Lynch. Most recently Petrie co-founded Denver-based Petrie Partners, a boutique