Archive for February, 2015

Evolution Petroleum Declares Cash Dividend on 8.5% Series A Preferred Stock

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 …

February 3, 2015 - 6:36 pm Energy News

Continental Resources Announces Proved Reserves And Production For 2014

Proved Reserves Total 1.35 Billion Boe at Year-End 2014, a 25% Increase over Year-End 2013
Full-Year 2014 Production Totals 63.6 Million Boe, a 28% Increase over 2013
Fourth Quarter and Full-Year 2014 Earnings Announcement Planned for Tuesday, February 24, 2015

February 3, 2015 - 6:33 pm Energy News

Bill Barrett Corporation Reports Positive Results from DJ Basin XRL Wells

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, …

February 3, 2015 - 6:31 pm Energy News
National Oilwell Varco Announces Fourth Quarter and Full Year 2014 Earnings

National Oilwell Varco Announces Fourth Quarter and Full Year 2014 Earnings

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
February 3, 2015 - 6:27 pm Energy News

BP Reports Fourth Quarter and Full Year 2014 Results

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

February 3, 2015 - 6:26 pm Energy News

Vista Outdoor Set to Join the S&P MidCap 400; CARBO Ceramics and Summit Hotel Properties to Join the S&P SmallCap 600

Vista Outdoor Set to Join the S&P MidCap 400; CARBO Ceramics and Summit Hotel Properties to Join the S&P SmallCap 600

February 3, 2015 - 5:53 pm 360 Company Releases
Source: Rosneft

CNOOC Begins Production at Offshore Project

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 …

February 3, 2015 - 4:42 pm International, Offshore, Oil and Gas 360 Articles
New Greek Government Reviews Offshore Tenders

New Greek Government Reviews Offshore Tenders

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 …

February 3, 2015 - 4:07 pm International, Offshore, Oil and Gas 360 Articles
Source: WPX

Global M&A Reaches $3.2 Trillion, U.S. Leads the Way in E&P Transactions

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 …

February 3, 2015 - 2:03 pm Mergers & Acquisitions, Oil and Gas 360 Articles

U.S. Congressman Patrick Meehan to Present Keynote Address at 22nd Annual Groundhog Investment Forum

U.S. Congressman Patrick Meehan to Present Keynote Address at 22nd Annual Groundhog Investment Forum

February 3, 2015 - 10:15 am 360 Company Releases

Magnum Hunter Resources Chairman and CEO to Present at OGIS Florida 2015

Magnum Hunter Resources Chairman and CEO to Present at OGIS Florida 2015

February 3, 2015 - 8:14 am 360 Company Releases

Manitok Energy Inc. Provides Operations and Corporate Update

Manitok Energy Inc. Provides Operations and Corporate Update

February 3, 2015 - 7:43 am 360 Company Releases
Lonestar Resources Announces Increases Across the Board in Q4’14 Results

Lonestar Resources Announces Increases Across the Board in Q4’14 Results

Lonestar Resources, (OTCQX: LNREF, ASX: LNR), an oil and gas company with assets in the Eagle Ford and Bakken shales, reported its Q4’14 earnings on February 2, 2015. The Fort Worth-based E&P reported several company records despite the challenges associated …

Anadarko Announces 2014 Fourth-Quarter And Full-Year Results

Anadarko Petroleum Corporation (APC) today announced 2014 fourth-quarter results, reporting a net loss attributable to common stockholders of $395 million, or $0.78 per share (diluted). These results include certain items typically excluded by the investment community in published …

February 2, 2015 - 6:54 pm Energy News
Companies Begin to Apply for Seismic Testing Offshore in the Atlantic

Companies Begin to Apply for Seismic Testing Offshore in the Atlantic

Two applications for seismic surveys have been submitted following the announcement from the Obama administration that it would open up portions off the east coast for offshore drilling. The two companies, Spectrum Geo and GX Technology, both Houston based companies, …

Samson Oil & Gas Q4’14 Results

FINANCIAL HIGHLIGHTS – The company’s debt facility was increased to US$19 million and the interest rate reduced to a 90 day LIBOR plus 3.25%, currently the effective rate is approximately 3.48%. During the quarter, Samson drew down US$4.5 million against …

February 2, 2015 - 6:24 pm Energy News

Egypt to import natural gas directly from Noble Energy

From Middle East Monitor:

A senior official from Egypt’s natural gas holding company, EGAS, said on Sunday that Egypt plans to import Israeli natural gas directly from American oil firm, Noble Energy without the mediation of companies in Egypt or …

February 2, 2015 - 6:19 pm Energy News

Miller Energy Declares Cash Dividends on Its Series B, Series C and Series D Preferred Stock

Miller Energy Resources (“Miller”) (NYSE: MILL) announced today that its Board of Directors has declared a semi-annual cash dividend on Company’s Series B Redeemable Preferred Stock (“Series B Preferred Stock”) and a quarterly cash dividend payment on the Company’s 10.75% …

February 2, 2015 - 6:18 pm Energy News
Williams, Williams Partners and Access Midstream Partners Announce Closing of Merger

Williams, Williams Partners and Access Midstream Partners Announce Closing of Merger

TULSA, Okla.–(BUSINESS WIRE)–Williams (NYSE: WMB), Williams Partners L.P. (NYSE: WPZ), and Access Midstream Partners, L.P. (NYSE: ACMP) today announced the closing of the merger between Williams Partners and Access Midstream Partners. As part of the completion of the

February 2, 2015 - 6:08 pm Energy News
ExxonMobil Earns $32.5 Billion in 2014; $6.6 Billion During Fourth Quarter

ExxonMobil Earns $32.5 Billion in 2014; $6.6 Billion During Fourth Quarter

  • Integrated business model produces solid results amid lower commodity prices
  • Completed a record eight major Upstream projects in 2014
  • Delivered full-year production plan of 4 million oil-equivalent barrels per day

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM):

Fourth
February 2, 2015 - 6:06 pm Energy News
Oil Prices See $50 Again

Oil Prices See $50 Again

Falling Rig Count, CapEx Cuts Having Impact

Groundhog Day might have been a scare for two out of three groundhogs, but not for the world’s oil bulls.

In spite of warnings of a short-lived rally from some banks, oil prices …

February 2, 2015 - 6:05 pm Commodity Pricing, Oil and Gas 360 Articles

Oceaneering to Acquire C & C Technologies

Expands Service Line Capabilities and Enhances Underwater Service Offerings

 

February 2, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that it has entered into a definitive agreement to acquire C & C Technologies, Inc. (C&C), a privately-held

February 2, 2015 - 6:02 pm Energy News
SM Energy Announces Record 2014 Year-End Proved Reserves and Production

SM Energy Announces Record 2014 Year-End Proved Reserves and Production

  • Proved reserves increase to 547.7 MMBOE, an increase of 28% over 2013.
  • 2014 drilling reserve replacement of 261% and drilling F&D costs of $14.39/BOE
  • Fourth quarter of 2014 production averaged 176 MBOE/d, 13% above the midpoint of guidance for the
February 2, 2015 - 6:00 pm Energy News

Sanchez Energy Announces Fourth Quarter 2014 Production of 4,039 MBOE, an Increase of 133%

HOUSTON, Feb. 2, 2015 /PRNewswire/ — Sanchez Energy Corporation (NYSE: SN) (“Sanchez Energy” or the “Company”), today provided an update on its fourth quarter and full year 2014 operations and year-end 2014 reserves.

Summary Highlights

  • Sanchez Energy reported fourth
February 2, 2015 - 5:57 pm Energy News

Miller Energy Resources Stock Soars Today as Oil Resumes Rally

From The Street:

Shares of Miller Energy Resources (MILLGet Report)  were soaring, up 27.35% to $1.49 in midday trading today, as oil prices climbed on Monday, adding to Friday’s powerful rally.

But traders said gains were …

February 2, 2015 - 5:52 pm Energy News

Dominion Cove Point LNG Files Status Report

From Sutherland:

Dominion Cove Point LNG (DCP) has filed a status report with FERC on the construction of DCP’s LNG export terminal in Lusby, Md.  The report states that for the facilities in Maryland, engineering is 74% complete, procurement is …

February 2, 2015 - 5:48 pm Energy News

PDC Energy Announces 2014 Fourth Quarter and Year-End Investor Conference Call – Thursday, February 19, 2015

PDC Energy Announces 2014 Fourth Quarter and Year-End Investor Conference Call – Thursday, February 19, 2015

February 2, 2015 - 5:00 pm 360 Company Releases
Real Estate Developers Accelerate Projects in the Bakken Oil Field

Real Estate Developers Accelerate Projects in the Bakken Oil Field

“The oil supply is here and the demand will always be there.” – Jason Vedadi

Dropping oil prices may have put the brakes on a lot of E&Ps’ capital spending plans for 2015, but that’s not slowing down Jason Vedadi …

Saratoga Resources Announces Forbearance Agreements with Senior Lenders

Saratoga Resources Announces Forbearance Agreements with Senior Lenders

February 2, 2015 - 4:01 pm 360 Company Releases

Integrated Environmental Technologies, Ltd. Expands Well Maintenance Treatments

Integrated Environmental Technologies, Ltd. Expands Well Maintenance Treatments

February 2, 2015 - 11:49 am 360 Company Releases