Archive for January, 2015

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January 15, 2015 - 3:10 pm Uncategorized
Natural Gas Roundup for the Week Ended January 9, 2015

Natural Gas Roundup for the Week Ended January 9, 2015

NATURAL GAS INVENTORY (Week Ended 1/9/15)

roundup21Current: 2,853 Bcf

Actual Injection/(Withdrawal): (236) Bcf

Economist Average Estimate: (227) Bcf

Previous: 3,089 Bcf

Click here for the chart with five year averages.

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

January 15, 2015 - 1:55 pm Oil and Gas 360 Articles

Williams’ Transco Pipeline Delivers Record Volumes in Early January

Williams (WMB) announced today that it delivered a record amount of natural gas on its Transco interstate gas pipeline to meet demand driven by recent cold weather in markets on the U.S. Eastern Seaboard. Two recently completed expansions …

January 15, 2015 - 1:39 pm Energy News

Breitling Energy Announces Newton County Texas Prospect Update

Breitling Energy Corporation (BECC) (the “Company”) announces its participation in the 7,616 foot Seely Black Stone #1 in Newton County, Texas. The well adds to the portfolio of south Texas assets in which the Company participates, with future …

January 15, 2015 - 1:13 pm Energy News
New Federal Methane Regulations on Drillers

New Federal Methane Regulations on Drillers

White House looks to EPA to enforce new regulations and avoid Congress

The White House announced yesterday that it will be releasing new regulations to curb the amount of methane generated by drilling operations throughout the United States. How the …

January 15, 2015 - 12:36 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory

Antero Resources Fourth Quarter 2014 Operations and Hedge Update

Antero Resources (AR) (“Antero” or the “Company”) announced today fourth quarter 2014 operational highlights and an update on its commodity hedge position.

  • Fourth quarter 2014 average net daily gas equivalent production was 1,265 MMcfe/d, an 87% increase over
January 14, 2015 - 6:56 pm Energy News

ONEOK Increases Quarterly Dividend

The board of directors of ONEOK, Inc. (OKE) today increased ONEOK’s quarterly cash dividend by 1.5 cents per share, or 3 percent, to 60.5 cents per share, effective for the fourth quarter 2014, resulting in an annualized cash …

January 14, 2015 - 6:55 pm Energy News
Source: Royal Dutch Shell

New Bill to Expand U.S. LNG Exports

New legislation set to allow LNG export to WTO members without DOE approval

Congressman Mike Turner (R-OH) reintroduced legislation, titled the “American Job Creation and Strategic Alliances LNG Act,” yesterday in order to lift trade restrictions on the …

January 14, 2015 - 6:44 pm Oil and Gas 360 Articles, Politics & Opinions
Oil Prices: WTI Tops Brent as Export Options Gain Interest

Oil Prices: WTI Tops Brent as Export Options Gain Interest

The price of West Texas Intermediate (WTI) exceeded Brent for the first time since July 2013 today, before closing at $48.63 – just $0.14 below its spot price counterpart. In an interview with Bloomberg, John Kilduff, a partner at Again …

Crude Oil Cuttings for the Week Ended January 9, 2015

Crude Oil Cuttings for the Week Ended January 9, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 1/9/15)

Current: 387,782

Actual Build/(Withdrawal): 5,389

Economist Average Estimate: 1,750

Previous: 382,393

Click here for the chart with five year averages.

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


ANALYST COMMENTARY

KLR

January 14, 2015 - 6:27 pm Commodity Pricing, Oil and Gas 360 Articles
Exxon to Invest $25 Billion in BC LNG

Exxon to Invest $25 Billion in BC LNG

Exxon and its Canadian partners have filed to move forward on a new LNG project in western Canada

ExxonMobil (ticker: XOM) and its Canadian partner Imperial Oil Ltd. (ticker: IMO) have taken a step forward in the process of developing …

January 14, 2015 - 6:15 pm Canada, Oil and Gas 360 Articles

Range Announces Conference Call to Discuss Fourth Quarter and 2014 Financial Results

Range Announces Conference Call to Discuss Fourth Quarter and 2014 Financial Results

January 14, 2015 - 5:51 pm 360 Company Releases

Saratoga Resources Addresses Status of Interest Payments on Outstanding Debt

Saratoga Resources Addresses Status of Interest Payments on Outstanding Debt

January 14, 2015 - 4:01 pm 360 Company Releases

EnerCom, Inc. to Host The Oil & Services Conference(TM) 13, February 18-19, 2015, in San Francisco

EnerCom, Inc. to Host The Oil & Services Conference(TM) 13, February 18-19, 2015, in San Francisco

January 14, 2015 - 1:16 pm 360 Company Releases

EnerCom, Inc. to Host The Oil & Services Conference(TM) 13, February 18-19, 2015, in San Francisco

EnerCom, Inc. to Host The Oil & Services Conference(TM) 13, February 18-19, 2015, in San Francisco

January 14, 2015 - 1:16 pm 360 Company Releases

EnerCom, Inc. to Host The Oil & Services Conference(TM) 13, February 18-19, 2015, in San Francisco

EnerCom, Inc. to Host The Oil & Services Conference(TM) 13, February 18-19, 2015, in San Francisco

January 14, 2015 - 1:16 pm 360 Company Releases

Qatar Petroleum and Shell not to pursue Al Karaana petrochemicals project

Qatar Petroleum and Shell have decided not to proceed with the proposed Al Karaana petrochemicals project, and to stop further work on the project. The decision came after a careful and thorough evaluation of commercial quotations from EPC (engineering, procurement

January 14, 2015 - 11:32 am Energy News
Oil & Gas 360

Oil & Gas 360® Exclusive Interview: Stephens E&P Research

Short Term Oversupply, Permian in the Pole Position

Oil & Gas 360® interviewed Stephens Inc. Senior Vice President E&P Research, Will Green, and Vice President E&P Research, Ben Wyatt, this week, in pursuit of their view of the current commodities …

Russia Faces More Obstacles than Falling Oil Prices

Russia Faces More Obstacles than Falling Oil Prices

Low prices will hurt the Russian economy, but they are far from being Russia’s only problem

The World Bank last month released its growth projections for Russia in 2015 and 2016, offering a glimpse into a potentially bleak future for …

Refineries, Gasoline Prices Experiencing the Silver Lining of Commodity Environment

Refineries, Gasoline Prices Experiencing the Silver Lining of Commodity Environment

United States refineries are running at utilization rates well above 90%, but don’t count them as part of the oil and gas industry being squeezed in the current commodity market. The Energy Information Administration (EIA) still expects domestic production to …

Conference Board: Alberta to likely face recession due to low oil prices

Story by the Associated Press

Alberta’s oil-heavy economy will likely dip into recession as oil prices plunge, according to a report by a Canadian economic think-tank.

The Conference Board of Canada said the western Canadian province’s latest employment and new …

January 13, 2015 - 6:42 pm Energy News

Newfield Exploration Provides Update on its China Business Marketing Process

Newfield Exploration Company(NFX) today disclosed that the Company has concluded its marketing process for its China business and now plans to retain the assets. For financial purposes, the China business will be reclassified as “continuing operations” in …

January 13, 2015 - 6:40 pm Energy News

Diamondback Energy, Inc. and Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provide Interim Q4 2014 Operational Update and Preliminary 2015 Guidance

Diamondback Energy, Inc. (FANG) (“Diamondback” or the “Company”) and Viper Energy Partners LP (VNOM) (“Viper”), a subsidiary of Diamondback, today provided an operational update for the quarter ended December 31, 2014, and announced preliminary financial and …

January 13, 2015 - 6:38 pm Energy News

Samson Oil & Gas Advisory

Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):

TOTAL COMPANY PRODUCTION

Samson’s net monthly production for the December 2014 quarter is as follows:

October November December
OIL, BO 6,591 17,619 18,906
GAS, MCF 11,861 9,363 12,102
BOE 8,567
January 13, 2015 - 6:34 pm Energy News

Petrobras reaches daily, monthly and annually records in oil and natural gas production in December

Rio de Janeiro, January 12, 2015 – Petróleo Brasileiro S.A. – Petrobras´ total oil and natural gas production in December, in Brazil and abroad, has reached an average of 2 million 863 thousand barrels of oil equivalent per day, representing

January 13, 2015 - 6:32 pm Energy News

Swift Energy Announces Revised 2015 Capital Budget and Updates Operations

Swift Energy Company (SFY) today announced a revised 2015 capital budget range of $100 – $125 million in response to recent hydrocarbon price declines. This revised level of activity is projected to yield between 11.2 and 11.4 million …

January 13, 2015 - 6:29 pm Energy News
The Recovery is Real: EDC

The Recovery is Real: EDC

U.S. Growth Will Lead the Global Economy

Export Development Canada’s (EDC) Assistant Chief Economist and Director of Economic and Political Intelligence Centre, Stuart Bergman, gave a presentation in Denver this morning on the state of the global economy. The bottom …

January 13, 2015 - 6:24 pm Oil and Gas 360 Articles
Valero Aims to Sustain CapEx, Dividend Growth in 2015

Valero Aims to Sustain CapEx, Dividend Growth in 2015

Despite the tumbling price of oil, Valero looks to sustain expenditures and continue to grow dividends

Valero (ticker: VLO), the world’s largest independent refiner, released a presentation last week setting the company’s many objectives for 2015. In the face of …

January 13, 2015 - 3:36 pm Oil and Gas 360 Articles

Arabella Exploration to Present at Upcoming Investor Conferences

Arabella Exploration to Present at Upcoming Investor Conferences

January 13, 2015 - 8:01 am 360 Company Releases

Samson Oil & Gas Advisory

Samson Oil & Gas Advisory

January 12, 2015 - 7:48 pm 360 Company Releases