China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced yesterday a new “mid-to-large sized” natural gas discovery.
The find, Lingshui 25-1, is located in the northeast of Ledong Sag …
Energen Corporation (EGN) said today that it is assessing the impact of severe winter weather on its Permian Basin operations. Adverse weather conditions began affecting the company’s operations in the Delaware and Midland basins and Central Basin Platform …
Sanchez Energy Corporation (SN) (the “Company”, “SN”, “Sanchez Energy”, “we”, “our”, or similar terms), today announced a revised 2015 capital plan and guidance, which included the following highlights:
Highlights
CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/2/15)
Current: 382,393
Actual Build/(Withdrawal): (3,062)
Economist Average Estimate: 911
Previous: 385,455
Click here for the chart with five year averages.
Click here for an archive of EnerCom’s Inventory Reports.
ANALYST COMMENTARY
CIBC …
Sanchez Energy Announces Updated 2015 Capital Plan And Guidance
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Chevron Corporation (ticker: CVX) has announced a “significant” oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico.
The Anchor #2 Well, which is located in Green Canyon Block 807, was drilled to a total depth of …
RPC, Inc. Announces Date for Release of Fourth Quarter and Year-End 2014 Financial Results and Conference Call
…SD — UPCOMING DEADLINE: LEVI & KORSINSKY, LLP Reminds Investors of Class Action Against SandRidge Energy, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of January 12, 2015 — SD
…Eureka Hunter Announces New Record Throughput Rate of 406,000 MMBtu/d
…Elsevier and ISTE Press Announce Publishing Alliance
…Speaking to reporters outside the White House, Colorado Gov. John Hickenlooper said Tuesday afternoon that he supported the administration’s pledge to veto new legislation from Congress that would fast-track construction of the controversial Keystone XL …
Pioneer Natural Resources Company (PXD) (“Pioneer” or “the Company”) today announced that it has converted approximately 85% of its 2015 oil derivative contracts from three-way collars to fixed-price swaps. Pioneer’s 2015 fixed-price oil swaps cover 82,000 barrels of …
Enterprise Products Partners L.P. (EPD) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.37 per common unit, or $1.48 per unit on an …
Chevron Corporation (CVX) today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year.
“The Anchor discovery, along …
Two companies this week, Crescent Point Energy Corp. (ticker: CPG) and Concho Resources Inc. (ticker: CXO), released forward looking statements projecting increased production in 2015, regardless of commodity prices.
Crescent Point, …
LINN Energy LLC (ticker: LINE), a top-15 independent oil and natural gas development company, has announced reductions of more than 50% in both capital expenditures and dividends in 2015. LINN …
After much debating, the Colorado Oil and Gas Conservation Commission (COGCC) has decided to approve heavier penalties for oil and gas well operators who violate …
Incoming Energy and Commerce Committee member Rep. Kevin Cramer (R-ND) has authored legislation …
Core Laboratories’ Fourth Quarter 2014 Webcast at 7:30 a.m. CST / 2:30 p.m. CEST on January 29, 2015
…The world’s richest nations are borrowing for free.
Taken together, the average 10-year bond yield of the U.S., Japan and Germany has dropped below 1 percent for the first time ever, according to Steven Englander, global head …
Story by Business News Network
As a test of wills between OPEC nations and U.S. shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America’s Gulf Coast refinery market
ConocoPhillips (COP) today announced first oil production from the Eldfisk II project in the Norwegian North Sea.
“Eldfisk II joins Ekofisk South as the second major project startup in Norway since late 2013,” said Matt Fox, executive vice …
Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock. The dividend is for the month of January 2015 and is payable on February 2, 2015 to holders …
Concho Resources Inc. (CXO) (the “Company” or “Concho”) today announced an updated 2015 capital program of $2.0 billion, as a result of the sharp decline in commodity prices. With this level of activity, the Company expects to generate …
West Texas Intermediate has continued to fall from its 2014 peak of $107.73 a barrel in June to $51.68 at 10:38 a.m. London time. That’s below the breakeven price for 37 of 38 U.S. shale …
The oil and gas industry wasn’t given much of a respite following the unofficial ending to the holiday season. Oil prices continued their plunge on Monday, January 5, 2015, with West Texas Intermediate (WTI) and Brent prices closing at $49.78 …
Gulfport Energy Corp. (ticker: GPOR) has announced 2014 exit rate net production of approximately 68 MBOEPD (73% gas weighted), according to the company’s release. During the month of December 2014, Gulfport estimates average net production of approximately 66 MBOEPD. …
Dawson Geophysical And TGC Industries Announce Filing Of Definitive Proxy Materials And Commencement Of Mailing Definitive Proxy Materials To Their Respective Shareholders
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Update:
Jordan suspended talks to import natural gas from Israel from Noble Energy (ticker: NBL) and will instead sign an agreement with BG Group (ticker: BG) …
The United States Department of Commerce said it has begun approving requests to sell light processed oil on the international market. The transactions, which now can be conducted by companies without government approval, pertain only to selling crude that has …
