Monday, July 7, 2025

PetroQuest Energy Announces Record 2014 Estimated Proved Oil And Gas Reserves And Production; Provides 2015 Production And Capital Expenditures Guidance; Updates Operating Activities And Hedging

PetroQuest Energy, Inc. (PQ) announced today that the Company ended 2014 with approximately 397 Bcfe of estimated proved oil and gas reserves having a pre-tax discounted value (“PV-10”) including hedges of approximately $600 million. The Company’s proved reserves and PV-10 increased 32% and 27% from 2013, respectively. The Company’s estimated proved reserves at December 31, 2014 were comprised of 77%

TransCanada Sends Letter to U.S. Department of State

TransCanada Corporation (TRP.TO) (TRP) (TransCanada) has sent a letter to the U.S. Department of State that highlights the company’s official response to the February 2 comment letter from the U.S. Environmental Protection Agency (EPA) on the Department of State’s Final Supplemental Environmental Impact Statement (FSEIS) for Keystone XL. “TransCanada disagrees with any suggestion that the Department of State has not

Dawson Geophysical Announces Completion Of Strategic Business Combination

Dawson Geophysical Company, previously known as TGC Industries, Inc., today announced the completion of its previously announced strategic business combination effective February 11, 2015. Trading in the combined company’s common stock will open on NASDAQ on February 12, 2015 under the symbol “DWSN” on a post-split basis (CUSIP No. 239360100). Under the terms of the transaction, which was structured as

Emerald Oil, Inc. Announces Completion of Common Stock Offering

Emerald Oil, Inc. (NYSE MKT: EOX) (“Emerald” or the “Company”) announced today that it has completed the sale of 24,553,571 shares of its common stock. All shares of common stock were sold to the public at an offering price of $1.12 per share. The resulting net proceeds to the Company, after deducting underwriting discounts, commissions and other expenses, were approximately $26.0 million. The

Crude Oil Cuttings for the Week Ended February 6, 2015

CRUDE OIL INVENTORY/’000 bbls (Week Ended 2/6/15) Current: 417,928 Actual Build/(Withdrawal): 4,868 Economist Average Estimate: 3,613 Previous: 413,060 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY BMO Capital Markets We believe this week’s data is negative for crude prices given the crude build once again exceeded expectations and pushed

China

CNOOC Confirms one of China’s Largest Offshore Discoveries

CNOOC’s discovery in the South China Sea has more than 100 Bcm in reserves  China National Offshore Oil Corporation’s (CNOOC) deepsea natural gas discovery in the northern part of the South China Sea has certified reserves exceeding 100 Bcm (3,531 Bcf), reports Chinese state television. The size of the discovery makes it one of China’s biggest offshore finds and would