Archive for February, 2015

Dawson Geophysical to Present at the Raymond James 36th Annual Institutional Investors Conference

Dawson Geophysical to Present at the Raymond James 36th Annual Institutional Investors Conference

February 25, 2015 - 6:00 am 360 Company Releases
PetroQuest Energy Issues 2015 Forecast with Production & Reserves at Record-Highs

PetroQuest Energy Issues 2015 Forecast with Production & Reserves at Record-Highs

PetroQuest Energy (ticker: PQ), a micro-cap E&P focused on the Midcontinent and Gulf Coast regions, enters fiscal 2015 with its production volume and booked reserves at the highest in company history. Fiscal 2014 volumes of 118.7 MMcfe/d and reserves of …

Unit Corporation Reports 2014 Fourth Quarter & Year End Results

Unit Corporation Reports 2014 Fourth Quarter & Year End Results

Unit Corporation (NYSE: UNT) today reported its financial and operational results for the fourth quarter and year end 2014. For the year, Unit achieved a number of significant milestones:

  • Record consolidated revenues of $1.6 billion
  • Record proved reserves of 1.1
February 24, 2015 - 6:53 pm Energy News

Range Resources Reports 2014 Results

FORT WORTH, TX — (Marketwired) — 02/24/15 — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its 2014 financial results.

2014 Highlights –

  • Record annual average daily production of 1,162 Mmcfe per day, an increase of 24% over 2013
  • Record adjusted
February 24, 2015 - 6:50 pm Energy News
Panola Pipeline to Provide Additional 50 MBOPD of NGL Capacity to Mont Belvieu

Panola Pipeline to Provide Additional 50 MBOPD of NGL Capacity to Mont Belvieu

Enterprise, MarkWest, DCP, Anadarko Join Forces on Texas Pipe

A joint venture to expand the Panola Pipeline was finalized on February 24, 2015, according to a press release by operator Enterprise Products Partners (ticker: EPD). Per the terms, EPD will …

February 24, 2015 - 6:47 pm Midstream, MLPs, Oil and Gas 360 Articles

Husky Energy Files Base Shelf Prospectus

CALGARY, AB–(Marketwired – February 24, 2015) – Husky Energy Inc. (TSX: HSE) has filed a final Short Form Base Shelf Prospectus with applicable securities regulators in each of the provinces of Canada, effective February 23, 2015.

The Shelf Prospectus

February 24, 2015 - 6:29 pm Energy News
Colorado Oil and Gas Task Force Holds Final Meeting Today Amid Protests

Colorado Oil and Gas Task Force Holds Final Meeting Today Amid Protests

Will deliver policy recommendations to Gov. Hickenlooper this week

The Colorado Oil and Gas Task Force is holding its final meeting today in order to discuss amendments to the recommendations it plans to send to Governor Hickenlooper later this week. …

February 24, 2015 - 6:07 pm Fracing, Oil and Gas 360 Articles
Obama Shoots Down Keystone XL

Obama Shoots Down Keystone XL

The president vetoed legislation to allow the construction of the Keystone XL pipeline today

The White House announced today that President Obama vetoed legislation regarding TransCanada’s (ticker: TRP) Keystone XL pipeline. In his message to the Senate, the president …

February 24, 2015 - 4:48 pm Oil and Gas 360 Articles

Range to Host Fourth Quarter and Fiscal Year 2014 Earnings Conference Call and Webcast Live on Wednesday, February 25, 2015

Range to Host Fourth Quarter and Fiscal Year 2014 Earnings Conference Call and Webcast Live on Wednesday, February 25, 2015

February 24, 2015 - 4:35 pm 360 Company Releases

Range Reports Outstanding 2014 Results

Range Reports Outstanding 2014 Results

February 24, 2015 - 4:16 pm 360 Company Releases
Production Resumes in Libya’s Largest Oilfield

Production Resumes in Libya’s Largest Oilfield

Libya Getting Back on its Feet, For Now

Libya’s National Oil Corporation (NOC) said today that its Arabian Gulf Oil Co. (AGOCO) unit restarted production at the Sarir field in the east of the country. Statistics released from Libya’s National

February 24, 2015 - 2:06 pm Oil and Gas 360 Articles, OPEC
New York’s Southern Tier Threatens Secession over Governor’s Frac Ban

New York’s Southern Tier Threatens Secession over Governor’s Frac Ban

Southern Tier threatens to leave NY for PA: Everybody over the border has new cars, new roofs, new siding

Following a decision in December of last year to ban hydraulic fracturing in New York, several towns in New York’s …

February 24, 2015 - 1:18 pm Fracing, Oil and Gas 360 Articles, Regulatory

Gulfslope Energy Presents at EnerCom’s The Oil & Services Conference™ 13

John Sietz, Chief Executive Officer of Gulfslope Energy (OTC: GSPE), presented today at EnerCom’s The Oil & Services Conference™ 13. GulfSlope Energy is an independent oil and natural gas company focused on exploring offshore U.S. Gulf of Mexico. The company …

February 24, 2015 - 10:39 am TOSC13

Breitling Energy CEO on Prestigious OPEC Global Impact Panel

Breitling Energy CEO on Prestigious OPEC Global Impact Panel

February 24, 2015 - 9:54 am 360 Company Releases

Magnum Hunter Resources Chairman and CEO to Present at the Credit Suisse 20th Annual Energy Summit

Magnum Hunter Resources Chairman and CEO to Present at the Credit Suisse 20th Annual Energy Summit

February 24, 2015 - 8:00 am Uncategorized

Unit Corporation Reports 2014 Fourth Quarter & Year End Results

Unit Corporation Reports 2014 Fourth Quarter & Year End Results

February 24, 2015 - 7:30 am 360 Company Releases

Sanchez Energy Corporation Extends Exchange Offer For Senior Notes Due 2023

Sanchez Energy Corporation Extends Exchange Offer For Senior Notes Due 2023

February 24, 2015 - 7:00 am 360 Company Releases

Rosetta Resources Inc. Announces Two-Year Strategic Outlook and Provides 2014 Operations and Reserve Update

  • Updated two-year capital spending outlook of up to $350 million per year, targeting cash flow neutrality in 2015 and 2016
  • Released production guidance of 58 to 62 thousand barrels of oil equivalent per day for 2015 and 2016
  • Replaced 113
February 23, 2015 - 7:09 pm Energy News

Stifel to Buy Sterne Agee for $150 Million

Story by The Wall Street Journal

Deal would expand wealth management segment by about 35%

Stifel Financial Corp. said it plans to acquire Sterne Agee for $150 million in cash and stock, bolstering its wealth management segment.

The acquisition would …

February 23, 2015 - 7:06 pm Uncategorized
Kosmos Energy Bucks the Capex Cut Trend

Kosmos Energy Bucks the Capex Cut Trend

Kosmos Energy (ticker: KOS), an oil and gas E&P company headquartered in Bermuda, announced a 2015 capital budget of $800 million in its Q4’14 results on February 23, 2015. The planned expenditures represents an increase of 52% compared to its …

Refinery Strikes May Lead to Market Disruptions

Refinery Strikes May Lead to Market Disruptions

Gasoline Prices Continue Edging Up

As if the dwindling rig counts, record inventories and falling temperatures weren’t enough for the oil and gas industry, another complication is arising at the tail-end of the system. Strikes spearheaded by the United Steelworkers …

February 23, 2015 - 6:36 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory
British Columbia Expected to Lead Provinces in Economic Growth

British Columbia Expected to Lead Provinces in Economic Growth

Conference Board of Canada reports that B.C. will see the largest growth of any province in 2015

LNG projects would be “a game changer”

The Conference Board of Canada released its Provincial Outlook: Winter 2015, and expects economic growth …

February 23, 2015 - 6:09 pm Canada, Oil and Gas 360 Articles

Blackbird Energy Inc. Announces Annual and Special Meeting Date, Time, Location and Conference Call/Webcast Information

Blackbird Energy Inc. Announces Annual and Special Meeting Date, Time, Location and Conference Call/Webcast Information

February 23, 2015 - 5:59 pm 360 Company Releases
Source: Energybc.ca

Shell Retracts Application for Oilsands Mine

The oil major withdrew an application for its Pierre River Mine, may reapply ‘when the time is right’

Royal Dutch Shell (ticker: RDSA) withdrew its regulatory application today for the proposed Pierre River Mine north of Fort McMurray, Alberta. The …

February 23, 2015 - 5:46 pm Canada, Oil and Gas 360 Articles

Chevron relinquishes Romania shale gas project

Story by Reuters

Chevron Corp said it will give up shale gas exploration plans in Romania, after an assessment showed the Black Sea state does not compete favourably with other investment opportunities.

Energy firms have been attracted by estimates of …

February 23, 2015 - 5:09 pm Energy News

ExxonMobil 2014 Reserves Replacement Totals 104 Percent

Exxon Mobil Corporation (XOM) announced today it replaced 104 percent of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent barrels, including a 162 percent replacement ratio for crude oil and other liquids.…

February 23, 2015 - 5:04 pm Energy News

Magnum Hunter Resources Schedules Fourth Quarter and Fiscal Year 2014 Financial and Operating Results Conference Call for March 2, 2015

Magnum Hunter Resources Schedules Fourth Quarter and Fiscal Year 2014 Financial and Operating Results Conference Call for March 2, 2015

February 23, 2015 - 4:30 pm 360 Company Releases
Chart of the Week: WTI/Brent Spread Widens

Chart of the Week: WTI/Brent Spread Widens

So it appears the “floor” for West Texas Intermediate prices (at the moment) is $40, as evidenced by a January Fed survey by CNBC. Prices are currently roughly $5 above the January 28 low of $44.45 – a climb …

Ottawa grants tax breaks for LNG sector in B.C.

From BNN

Ottawa has agreed to grant tax relief to proposed B.C. liquefied natural gas terminals, hoping the incentive will help persuade LNG backers to make final investment decisions.

Prime Minister Stephen Harper announced the federal tax breaks for B.C.’s …

February 20, 2015 - 6:56 pm Energy News

Activist investors dig deep in energy company bets

From Reuters

Elliot Management Corp. and Omega Advisors Inc. are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices.

It’s a bet …

February 20, 2015 - 6:55 pm Energy News