Oil traders experienced a moral victory today, witnessing West Texas Intermediate (WTI) close at $52.13 – the highest since January 5, 2015. The spot price has rebounded 17% in less than a week, dating back to the closing of $44.45 on Wednesday, January 27. A note published this morning by Stifel provided more bullish forecasts for investors, and even upgraded
Peru Reserves to be Adjusted Downward Following Negative Well Results After Year-end; Oil Reserves in Colombia and Brazil Increase After Producing 9.1 MMbbl (Working Interest) Oil in 2014 Gran Tierra Energy Inc. (“Gran Tierra Energy“) ()GTE; TSX: GTE), a company focused on oil exploration and production in South America, today announced the results of an independent reserve evaluation of the
HOUSTON, Feb. 3, 2015 /PRNewswire/ — 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 February 2015 and is payable on March 2, 2015 to holders of record at the close of business on February 16, 2015. The payment will be 1/12th
Proved Reserves Total 1.35 Billion Boe at Year-End 2014, a 25% Increase over Year-End 2013Full-Year 2014 Production Totals 63.6 Million Boe, a 28% Increase over 2013Fourth Quarter and Full-Year 2014 Earnings Announcement Planned for Tuesday, February 24, 2015 OKLAHOMA CITY, Feb. 3, 2015 /PRNewswire/ — Continental Resources, Inc. (NYSE: CLR) (“Continental” or the “Company”) today announced proved reserves of 1.35
DENVER, Feb. 3, 2015 /PRNewswire/ — Bill Barrett Corporation (“the Company”) (BBG) announced today well results on its first 9 extended reach lateral (“XRL”) wells drilled in the Northeast Wattenberg area of the Denver-Julesburg (“DJ”) Basin. To date, the Company has drilled and completed 28 extended reach and mid-length lateral wells in the Northeast Wattenberg. The first 9 XRL wells to
HOUSTON–(BUSINESS WIRE)–Feb. 3, 2015– National Oilwell Varco, Inc. (NYSE: NOV) today reported that for its fourth quarter ended December 31, 2014, it earned net income from continuing operations of$595 million, or $1.39 per fully diluted share, compared to net income from continuing operations of $699 million, or $1.62 per fully diluted share in the third quarter of 2014 and $627
Release date: 03 February 2015 Underlying replacement cost profit $2.2 billion; significant impairment charges in the quarter Taking action to meet challenging environment BP today reported its results for the fourth quarter and full-year 2014. Underlying replacement cost profit1 for the fourth quarter was $2.2 billion compared with $2.8 billion for the same period in 2013. Full year underlying replacement
15 Wells are Producing 7.6 MBOPD China National Offshore Oil Corporation (CNOOC) announced today that its Jinzhou 9-3 comprehensive adjustment project has commenced production. The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai with a water depth in the range of 6.5 meters to 10.5 meters (approximately 21 feet to 34 feet). The main production facilities
The recent Greek elections have brought a new party to power that is rethinking offshore deals Greece will review tenders offered on 20 offshore oil and gas blocks in the Ionian Sea and off southern Crete due to be signed by the end of the year, Energy Minister Panagiotis Lafazanis said today. The new leftwing government in Greece will be
Global accounting giants speak out: oil and gas M&A values up 69% in 2014 despite a decrease in overall deal volumes, more megadeals coming in 2015 Data released by Ernst and Young (EY) shows that while the total volume of merger and acquisition deals in 2014 was 20% lower than the total volume in 2013, the overall value (or size)
